• 20 Jan , 2025
• Blog

The Beginner’s Guide to Investing in Digital Silver

Did you know that buying precious metals like gold and silver has changed a lot in recent years?

Gone are the days of relying solely on traditional ways of purchasing precious metals.

More and more investors are exploring modern and smart ways to manage their assets.

One of the most exciting changes is the rise of digital platforms that offer the opportunity to invest in silver digitally.  

Yes, digital silver investment is gaining attention as a modern and practical choice for today’s investors.   

Digital silver bridges the gap between tangible value and modern technology.

It’s like owning silver but smarter, faster, and more convenient. Unlike traditional silver investments, digital silver allows you to buy, store, and sell online without any hassle. There is no need to worry about storage space or safety issues—everything happens digitally.  

It all seems so convenient and sounds so good, right?

But full knowledge is important, as they say, “A little learning is a dangerous thing.”

So, below, you’ll find everything you need to know about how to take full advantage of this modern investment opportunity, step by step.

What is Digital Silver Investment?

Digital silver investment is a modern way to buy 999.0 pure silver without actually holding physical silver.  

Instead of buying silver coins and bars, you buy digital silver online in small digital units. These digital units are backed by pure silver stored in secure vaults. It’s like owning real silver but in a digital form.

How Digital Silver Works?

Digital silver works through online platforms where you can buy small amounts of silver and store it electronically.  

The amount you own is backed by real 999.0 silver but stored digitally for free in government-trusted vaults.

The best part? You can purchase silver at the live market price and start investing in digital silver with just Rs. 1.

There is no need to worry about storage, insurance, or security. Everything is handled for you.

You can track the value of your digital silver investment online anytime, anywhere, and even sell it whenever you want.  

As the silver market fluctuates, your digital investment reflects those changes in real time.

This is a convenient and secure way to invest in silver without the hassle of storage or security concerns.

Why Is Digital Silver Gaining So Much Attention?  

It’s affordable, secure, and perfect for modern investors. You can start small, grow steadily, and diversify your portfolio without the stress of physical ownership of silver.

Plus, with rising silver prices, this is an exciting opportunity to secure your financial future.  

On October 22, 2024, silver prices hit a historic high of 1 lakh per kg due to rising industrial demand and gold prices. Experts predict prices will continue to rise, driven by demand from the EV sector and photovoltaic applications.

So, investors are closely monitoring this great opportunity, ready to add silver to their portfolios.  

And the smart investors? They’re already adding silver to their digital wallets. It’s a move that’s gaining momentum. Digital silver is becoming the go-to choice.

Benefits of Investing in Digital Silver

Is digital silver a safe investment?

If you have concerns, let us walk you through the benefits that make digital silver a trusted choice.

1. The Convenience of Buying and Selling Digital Silver

Digital silver is all about convenience. Gone are the days when you had to visit a store or find a reliable dealer to buy silver. You can buy and sell digital silver online anytime, anywhere, with just a few clicks on your phone or computer.

And selling digital silver is also as easy as buying it. You don’t have to wait for the next day or deal with the hassle of finding a buyer.

It’s all available at your fingertips, 24/7. This kind of convenience makes digital silver a smart choice for anyone, especially those with busy lives. No more worrying about timing or availability.

2. Leave Storage and Safety Concerns Behind with Digital Silver

Are you worried about where to store your silver or how to keep it safe? Digital silver eliminates those concerns completely.  

There’s no need for lockers, safes, or worrying about theft. Your digital silver is stored electronically in a secure vault. These vaults are constantly audited for your investment safety.

Best digital silver platforms use top-notch secure storage facilities, so you can have peace of mind knowing your digital silver is safe—just like having it in a bank vault.

3. Cut Out Extra Cost with Digital Silver

Digital silver is an affordable investment compared to traditional silver. With physical silver, you have to pay for storage, insurance, and sometimes even making charges when buying or selling.

With digital silver, those extra costs are completely removed. You can invest without worrying about additional expenses. But if you ever decide to convert your digital silver into physical silver, certain charges, like GST or making charges, may apply.

Digital silver allows you to focus on growing your wealth without the added financial burden of managing physical silver. So, you get the benefits of lower transaction costs while keeping the flexibility to own physical silver when you want.

4. Fractional Investments: Start Small and Grow

Can’t afford a whole silver bar? No problem! Digital silver allows you to invest in small silver units, starting with just ₹1.

You don’t need a large sum of money to begin building your portfolio. Whether the price of silver is up or down, you can still make small investments over time.

It’s an affordable way to begin building your silver investment while staying within your budget and financial goals.

5. Digital Silver SIP Investment Option

Want to invest in silver but prefer smaller, regular investments?  You can invest in digital silver through an SIP (Systematic Investment Plan). Many reputed digital silver platforms offer silver SIP plans. You can invest as little as ₹500 in silver through periodic installments.

This helps you manage your investment while avoiding large upfront costs. Over time, your silver investment can grow steadily, all while averaging out the price.

It’s a great way to build wealth without the pressure of big lump sums. Plus, you can stick to a plan that suits your financial situation.

6. Gift Digital Silver to Loved Ones Instantly

Looking for a unique and thoughtful gift? Digital silver makes the perfect present. It’s unique, thoughtful, practical, secure, and convenient. Instead of buying a traditional gift that may break or get lost, you can purchase digital silver and gift it directly to a loved one’s digital wallet. No wrapping or shipping is needed!
Your loved one can keep it as an investment or convert it into physical silver whenever they want. It’s a gift that could appreciate value over time—something that lasts. 

7. High Liquidity

Digital silver also offers high liquidity. Need access to your funds quickly? No problem. You can sell your digital silver anytime, and the money will be transferred directly to your bank account. It’s a quick and easy process, giving you peace of mind regarding liquidity.

8. Transparency

With digital silver, you’re never in the dark about your investment. Reputable digital silver platforms offer regular updates on the value of your silver. 

This gives you clarity on how your investment is performing. You’ll always know where you stand with your digital silver, helping you make informed decisions.

How To Buy Digital Silver with DigiGold?

Buying digital silver with DigiGold is quick and easy to purchase. Just follow these simple steps to get started!

Step 1: Download the DigiGold App

Download a trusted DigiGold app from the App Store or Google Play Store.

Step 2: Create Your Account

Once the app is installed, create your account. You’ll need to fill in some basic details, like your name, age, and contact information.

Step 3: Go to the “Silver” Section

After logging in, head straight to the “Silver” section of the app.

Step 4: Choose the Amount or Grams

Now, it’s time to decide how much silver you want to buy. Enter the amount or the number of grams you’d like to invest in. You can start small or go bigger—it's totally up to you.

Step 5: Make Your Payment

When you're ready, proceed to pay. You can use your debit/credit card, a bank transfer, or any UPI app.

Step 6: Track Your Silver Investment

After your purchase, you can easily track your silver investment directly from the app.

Go Digital for Smarter Silver Investments  

Now that you’ve learned how digital silver is the smarter way to invest, let's sum it up. Digital silver gives you the assured purity, affordability, convenience and security you want.

No more worrying about storage or handling physical silver. Plus, you can buy and sell whenever you need, all from the comfort of your phone. You can even invest in small amounts to suit your budget.

Digital silver is the future, and it's time to make the most of it. Start your journey today with DigiGold, India's most trusted digital silver platform that makes investing simple and accessible. 

With DigiGold, you get 999.0 fine silver (99.9% pure) stored safely in trusted government vaults. We also offer a flexible, no lock-in SIP plan that starts at just ₹500!

Why Trust Us?

Secure Wallet: Your silver is safely stored in government-trusted BRINS vaults.

40+ Years of Legacy: DigiGold is backed by Amrapali Gujarat, with over 40 years of experience in the bullion industry. We're among the top 5 gold and silver bullion dealers in India.

Cyber Security: Our app meets all cyber security standards set by the government.

365 Days Support: Our dedicated team is available every day of the year to assist you.

Accredited and supported by: DigiGold is accredited by NABL and BIS and supported by GGC and SEQUEL.

Embrace the future of silver investing with DigiGold. Start today and see how simple and rewarding it can be!