Best Silver IRA Companies (Updated 2022)

April 10, 2022


Welcome to my "Best Silver IRA Companies" article!

Be it for a hobby or investment purposes, a lot of people are being attracted to purchasing silver from different dealers online or from physical stores close nearby.

Due to this growing interest, companies and firms dedicated to investing and purchasing silvers, as well as precious metals, has come to a record high. 

And while it is good having a lot of choices, you might be overwhelmed by a lot of names, without knowing their capabilities and track records.

Thus, you might be wondering. What are the best silver IRA companies? Hesitation and doubts may also come to your mind. Worry not because this article will help you in your choosing process.

What You Should Know About Silver IRAs

Silver IRAs, or Individual Retirement Accounts, are a way to diversify your portfolio by investing in precious metals. This allows you to purchase actual silver coins and bars and have them safely kept.

Many people are drawn to this sort of investment because precious metals have a relatively consistent market value. They are less impacted by economic fluctuations and have an upward tendency in value.

Fortunately, the IRS regulates Silver IRAs and other precious metals in the same manner as bonds and equities are.

Few financial managers, on the other hand, offer this in their services, which is why most investors prefer to open their own account.

This gives you greater direct control over your investment and allows you to self-manage your account. If you are looking for a top firm that handles silver, click here.

Is Silver A Good Investment for Retirement?

Silver and gold were once utilized as literal legal money, and their worth has remained high in the market. Some also trade and purchase these precious metals from firms or individuals.

Silver and other precious metals are considered safe investments because their value remains stable even during times of uncertainty. They will retain its value regardless of inflations and national and local economic fluctuations.

And although no investment has zero risks, it would be wise to invest in these assets, specially silver, because it holds it value during market lows and grows during bull markets.

It also diversifies your wealth portfolio. Some people would then gravitate towards you because of your capability and drive to invest and handle tangible assets.

What To Look For In A Silver IRA Company?

Methods of Marketing

As already mentioned, everything that is in the market has no guarantee, and any company that claims to have one is lying. Instead, search for a provider that keeps its promises and tries to educate you rather than scare you into opening an IRA account.

Look for companies that have fair and reasonable policies. Do not be blinded by too-good-to-be-true provisions and services and definitely do not put all your trust in these sketchy vows.

Openness and Accessibility

Because of the regulatory restrictions that surround it, dealing in silver and precious metals can be difficult. Look for a company that makes it simple to get relevant information.

Through their own channels, they should be able to give original and unbiased information. Be wary of those companies that has gives a lot of complicated reasons instead of giving straightforward answers.

Storage Protection

Silver, unlike other investments, is a tangible asset. The repository must keep it safe and secure for future usage. Your silver should be stored with a trustworthy provider that can ensure its protection.

Local or international stowing is possible, with costs varying depending on the storage location.

The manner in which the silver is stored is also critical. There is commingled storage, which is a room where all the silver coins or bullions are kept together.

If you want to personally extract the silver from commingled storage, you will not receive your real metals back.

Company Buyback

One of the questions you must ask yourself should you invest in these precious metal is this: Do you plan to invest for the long or short term?

In either situation, you should think about how quickly you can cash out your investment. As a result, you should look for a company that has a buyback program.

It's worth noting that the legislation doesn't force these businesses to have a buyback policy. A good corporation, on the other hand, will proactively provide a buyback program merely to give you that extra sense of security.

A repurchase program also allows you to sell silver fast at current market prices. The value of silver may fluctuate before the company accepts your sell order if the repurchase program is too slow and inefficient.

Annual Fees

Annual fees can be charged in one of two ways: as a flat cost or as a percentage of your account balance. It is preferable to hire a service that charges a yearly fixed rate.

In this manner, your account balance can grow without incurring expensive fees. A percentage rate might also be detrimental to you if the market does not develop in your favor.

Some even charge you if you don't make deposits or meet the minimum balance. A flat price, on the other hand, allows you to maintain solid and predictable control.

Track Record and Reputation

Lastly, consult the company's record and reputation. You must look beyond the company's website for reviews. The Better Business Bureau, TrustLink, and Consumer Alliance are all trustworthy sources.

Your Silver IRA provider should be one of these three, with a good rating to match. The feedback comes from customers who have used the company's services in the past and wish to share their experiences with other potential customers.

Finally, don't forget to investigate the people who run the company. You want managers and officials that have worked in the investing industry for a long time. When determining the finest silver IRA companies, you consider all of these variables.

Top Three Silver IRA Companies

And so with all those things, we have listed the top three companies that are centered in silver IRA. You might want to consider choosing from this three if you are committed to invest in silver.

1. Best Silver IRA Company: Augusta Precious Metals


August Precious Metals has been in business for over a decade, and has maintained an A+ rating with the Better Business Bureau during that time. 

There are many qualities to admire about this company, but the most remarkable trait is their transparency. The entire team is dedicated to educating investors about precious metals and how their funds will be managed.

When it comes to precious metals, the firm has been voted the most trusted. Part of this is due to their analytics team, which assists investors with the account opening process.

Augusta Precious Metals also offers current market news as well as free one-on-one web chats with professional economists.

Another advantage of this company is that all of their precious metals meet IRS fineness and quality requirements. This assures that each purchase is covered by the Taxpayer Relief Act of 1997, which grants tax exemptions.

Simply said, your precious metals IRA investment is completely yours and does not compel you to pay taxes on it as part of your income or estate.

August Precious Metals also offers non-IRA accounts to get you started if you're still unsure about making the investment. While it lacks the security of an IRA account, you can use this opportunity to learn more about precious metals investing.


  • It provides customers with lifetime support.
  • With thousands of 5-star evaluations from former and current clientele, there are no complaints.
  • Rates of competitive pricing
  • Instead of a percentage-based cost, it charges a flat annual price.
  • Customers can benefit from educational resources such as one-on-one conferences to assist them better understand their assets.
  • The most reputable IRA firm in the country
  • Accounts can be opened quickly and easily.
  • The IRS has authorized all of their precious metals.
  • They can assist you with portfolio management and provide a repurchase guarantee on all precious metals.


  • The minimum investment is $50,000 USD.

2. Runner-Up Company: Goldco


Goldco, which was founded in 2006, has a high reputation with the Better Business Bureau and the Business Consumer Alliance. 

With over a decade of expertise in the market, Goldco has been able to adapt and evolve with the times, gaining a reputation as a reliable company.

Gold and silver are among the precious metals sold by the company, and they specialize in transferring funds from your 401(k) to a Goldco account. If you have additional retirement funds, such as a 403b, Goldco will assist you with the transfer.


  • Goldco is currently offering $10,000 USD in free silver to everyone who opens an eligible account.
  • Outstanding client service
  • Legislators in the industry have given it a high rating.
  • Years of expertise assisting clients in setting up gold and silver retirement accounts
  • The IRS has approved all silver and gold offerings.


  • A minimum investment of $50,000 USD is required.

3. Third Great Selection: American Hartfold Gold Group


American Hartford is a family-owned precious metals dealer that specializes in gold, platinum, and silver. They don't charge setup fees when you start an IRA, but they do charge a percentage of your account balance. 

This implies that instead of a flat rate, their depositary fees are based on the amount you invest. As a result, you may need to change your storage costs on a yearly basis.

American Hartford, on the other hand, does not charge you for the cost of shipping the precious metals, insurance, or even package tracking.


  • They provide a money-back guarantee.
  • Experts in the IRA are on staff.
  • Excellent client service
  • There are no shipping costs.
  • There is no requirement for a minimum investment.
  • A large selection of silver and gold bullion and coins are available.


  • Prices from their online catalog are not transparent.

Final Thoughts

In this uncertain would of ours, almost anyone want to protect their future, thus, it is imperative that you must carefully weigh every decision you make.

If you want to invest in silver or in any precious metals, you must pick the best silver IRA company out there. Choose a company wherein you will not second guess your decision.

We recommend Augusta Precious Metals for your Silver IRA purchases after analyzing all factors. Augusta has a strong history of being transparent, dependable, and competitively priced.

They also have great links with their clientele, as evidenced by the ratings and evaluations left by the investing firm's patrons. While we can't say Augusta is flawless, it certainly outperforms other Silver IRA providers in the market today.

We strongly advise you to conduct your own research on Augusta and contact their management for further information for your own peace of mind. At the end of the day, doing everything you can to preserve your own investments is never too much.

Thank you so much for reading my "Best Silver IRA Company". If you have any comments and questions, feel free to leave them in the comments section below. 

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.

By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!


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