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How to Buy Silver with Chase [2024] | Step-by-Step

How to Buy Silver with Chase
Nemanja Curcic

Summary: Chase does not offer an option to buy silver on its platform directly. However, you can use a third-party asset exchange service to invest in silver. Therefore, the best way to buy silver with Chase is through a regulated online exchange platform like eToro

Best Precious Metals Broker for Intermediate Traders and Investors

  • Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Can you buy silver with Chase?

Yes, traders can buy silver with Chase through regulated online platforms that offer the commodity. You can obtain silver and silver-related assets using Chase and the exchange service in two ways: by linking your Chase bank account to the brokerage or using a Chase-issued credit card.

It’s worth noting that commodity investment platforms such as eToro do not offer actual silver. Instead, the most common way to speculate on the price of silver is with silver contracts for differences (CFDs). As the value of these financial instruments is pegged to silver, any fluctuations in the price of this precious metal will reflect in the price of silver CFDs.

These allow speculating on the price of silver without the associated drawbacks of storing it and keeping it secure. Besides the standard long and short positions, CFDs can be traded on margin using leverage.

Note

Remember that margin trading is risky as you speculate with money you don’t own. Don’t be misled by the highly advantageous cost-efficiency ratio of leveraged CFDs. Remember that the market is volatile. Use leverage only if you’re fully aware of the risks involved.

How to buy silver with Chase?

The most efficient way to buy silver with Chase is to utilize the services of a multi-asset online brokerage such as eToro. The platform currently services a user base of 30+ million traders globally. With a variety of more than 3,000 trading assets, eToro has something for all investor types.

Furthermore, eToro simplifies the trading process with features such as staking, hodling, and market analysis in a single click or a tap on your device. 

How to Buy Silver with Chase: eToro banner.

Now, let’s get into the process of buying silver with Chase using eToro:

Supported Credit/Debit cards on eToro: Visa, MasterCard, Visa Electron and Maestro. For more information click here.

How to buy silver with Chase: Step-by-step

Option 1: You can buy silver quickly and without much hassle by using your Chase bank account with these six steps:

  • Step 1: Create an account on eToro and perform the verification process (personal or company);
  • Step 2: Precise the amount of money to deposit in your account;
  • Step 3: Connect the Chase bank account with your eToro account;
  • Step 4: Select silver from the commodities list and define the amount you wish to purchase;
  • Step 5: Review the stop loss, leverage, and take profit settings;
  • Step 6: Conclude the trade.

Option 2: You can also use a credit card issued by Chase to purchase silver. The standard for online brokerages (eToro included) is to support credit cards since they are secure and reliable. The process isn’t much different:

  • Step 1: Create an account on eToro and verify it;
  • Step 2: Specify the amount of cash to deposit;
  • Step 3: Connect your Chase-issued credit card to eToro;
  • Step 4: The remaining process is the same as in the first option.

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is not intended for US users. eToro USA LLC does not offer CFDs, only real Crypto assets, Stocks and ETFs are available. 

Best Precious Metals Broker for Intermediate Traders and Investors

  • Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Silver price today

About Chase

Chase Bank (NYSE: JPM) is a US-centered bank licensed to operate as JPMorgan Chase Bank. It is the largest bank with headquarters in the US and the fifth largest bank in the world, measured in total assets.

How to Buy Silver with Chase: Chase Bank homepage screenshot.
Chase Bank homepage. Source: Chase.com

Chase Bank offers customers access to financial products and services such as savings and checking accounts, credit and debit cards, business financing, asset financing, and mortgages. With more than 5,100 branches and 17,000 ATMs, it is the only bank with a presence in all of the contiguous United States.

Best ways to invest in silver

Owning and storing silver is not a simple task. The precious metal has to be held in a secure location and handled with care. There are more convenient ways to speculate on the price of silver without actually owning the commodity. The best ways to invest in silver and silver-related financial instruments are:

  • Contracts for difference (CFDs): CFDs are financial assets that are tied to the value of the commodity they track. Investing in silver CFDs allows you to speculate on silver prices without owning the precious metal;
  • Exchange-traded funds (ETF): ETFs that hold silver passively follow and mirror the performance of silver as a trading commodity on the market. Besides, you do not need to actively trade to achieve your financial objectives;
  • Silver-related stocks: Investing in stocks in silver-related companies (such as silver-mining businesses) is an alternative way to invest in silver. The value of these stocks should also experience the same price shifts as silver.

Common mistakes to avoid when investing in silver

When it comes to silver, its primary use in investing is to ensure more diversity in a portfolio and to act as a hedge against inflation. When you buy silver with Chase, you make your total investment more resilient against economic recessions.

Investing in silver does not go without risk, especially for inexperienced traders. Make sure to avoid these recurring mistakes:

  • Failing to diversify: Investing everything into a precious metal like silver or gold can have dire consequences when the price falls. Make sure to diversify your portfolio to prevent this. You can do this by supplementing your silver assets with bonds, stocks, cryptocurrency, and real estate;
  • Trying to time the market: Betting on the market forces never has good prospects. Instead of short-term gaming moves, consider a more solid long-term approach. For example, dollar-cost averaging is a more efficient way to invest than instantly purchasing assets;
  • Failing to research the asset: Knowledge is power, perhaps even more so in the trading industry. Make sure to research everything you can about the commodity before you invest in it. It is always smart to start with the fundamentals;
  • Overusing leverage: Leverage and margin trading are financial tools that can quickly provide a profit, but pose an extremely high risk. While it does sound like a lucrative deal, overusing leverage should be avoided;
  • Falling for scams: Beware of the offers that sound too good to be true. Ensure not to fall for inflated price schemes and the peddling of fake commodities. Read the Commodity Futures Trading Commission (CFTC)’s guidelines to find out more about how to spot fraud;
  • Using shady platforms: Make sure to trust the exchange platform you use to invest in silver. Since you have that choice, opt for regulated and licensed services only. Check with the relevant authorities whether your favorite candidate passes this check.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy silver with Chase:

Can I buy silver with Chase?

Yes, you can buy silver with Chase. Simply connect your Chase-issued credit card or bank account with a multi-asset online brokerage such as eToro and make the purchase.

How to buy silver with Chase?

You can buy silver with Chase by using their credit card or bank account as a deposit for an investment service that provides silver, such as eToro.

Is buying silver with Chase safe?

Buying silver with Chase should be safe as long as you use regulated investment platforms and observe the guidelines.

How to buy silver?

You can invest in silver by investing in silver ETFs, buying silver CFDs, and purchasing stocks in silver-related businesses like precious metal mines. By relying on these, investors do not need to own the silver to have access to silver price speculations.

Is silver a good investment?

This depends on your investor profile, risk tolerance, financial goals, and portfolio. Silver investment traditionally served as a hedge against inflation and a safety measure against recessions. Always diversify your portfolio.

Best Precious Metals Broker for Intermediate Traders and Investors

  • Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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