Silver rate in Sberbank of Russia for today: online chart of the cost of 1 gram + dynamics of quotes

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A number of factors influence the price of silver. The online chart allows you to monitor price dynamics in real time.

Price of 1 gram of silver in Sberbank of Russia

Every day, based on the silver exchange rate fixed by the Central Bank of the Russian Federation and demand conditions, Sberbank of Russia sets the discount price for 1 g of silver.

Silver price per gram in unallocated metal account and physical silver in bullion

The average rates of Sberbank and the Central Bank may differ by 2-4 rubles, and the SB rate is more adapted to the Russian market, since it is Sberbank that sells the bulk of the white metal, while the rates of the Central Bank of the Russian Federation are more tied to the London market.

Silver price per gram in bullion coins

Investment coins are the most expensive way of investment. Their price per 1 g is the highest, which is associated with the costs of production, delivery, sales and storage. So, in February 2021, Sberbank sells “Silver Sable” with a face value of 3 rubles and weighing 33.93 g for 1,350 rubles. 1 g of it costs approximately 39.79 rubles. at the rate of the SB of the Russian Federation for 1 g 33.37. But over time, the value of the coin will grow faster than the rate of the metal - after 50 years, bullion coins will acquire historical value.

Price of the Central Bank of the Russian Federation

The Central Bank forms the exchange rate for cash metal based on yesterday's London spot and recalculates it in rubles at the official dollar exchange rate for today.

Central Bank of the Russian Federation – Precious metals rates

Official discount prices for precious metals are established by the Central Bank of the Russian Federation every working day. Prices are calculated based on the fixing of gold, silver, platinum and palladium on the London spot metal market, and are converted into rubles at the official US dollar/Russian ruble exchange rate effective on the day following the day the discount prices are set. Accounting prices are used for accounting purposes in credit institutions.

How the price is formed, why it changes and is different in different banks

The pricing of silver is influenced by a large complex of factors. The main one is the global demand environment. Under their influence, quotes on world markets change throughout the day, but at 15:00 Moscow time the London market sets a fixing. It is this that Sberbank focuses on in the next 24 hours.

Today, lunar metal is used in various areas of modern life:

• industry;
• medicine;
• jewelry making;
• investment asset.

In recent years, there has been a decline in investment in silver mines. In addition, it is impossible to track the entry of almost half of the primary and secondary metal into the market, which affects its volatility. The energy, chemical and electronics industries are showing increasing demand for argentum.

These factors and a number of others - economic instability, crises, the threat of military action - collectively affect the silver rate on the London Metal Exchange. It serves as a reference point for banks, transactions and financial transactions around the world.

However, each bank and even divisions of one bank, based on its own assets and the needs of the local market, has the right to offer its own price, remaining within a reasonable financial corridor.

What affects the price of silver

The main threads leading to the price of a troy ounce of silver today:

• balance of supply and demand;
• Exchange Rates;
• political and economic situation.

What affects the price and exchange rate of silver

The price of one gram of silver depends on:

1. Cost of raw materials . It does not change depending on where the metal was mined in Europe or America.
2. Demand for metal . In industry, medicine, jewelry and any other industries where it is purchased and used.
3. Exchange rates . Quotes for the currencies of those world leaders whose reserves hold a large volume of this precious metal also affect the price of silver.
4. Key rates of central banks of leading countries . When rates at major banks in major economies fall or rise, the price of silver also changes.
5. Amounts of metal on the planet . The total volume of Argentum deposits, according to US estimates, is 512 tons. Most of it is concentrated in Peru - up to 23%, another 14% in Chile, Poland and Austria, 7% in Mexico and 5% in the USA.

According to experts, the development of silver deposits will be completed within the next 20 years. It is then that demand will begin to increase, since at the moment no widespread alternative has been found. In some industries, artificial alloys are already used instead of silver, while in other areas such “substitutes” cannot perform the functions assigned to them. In this regard, investors see a certain perspective in this asset, as in any other asset that physically cannot remain infinite.

The limited nature of silver gives it added value as a long-term investment. While getting a quick profit from investing in precious metals is less likely.

Forecast

There are special economic formulas for predicting market behavior, but, as practice shows, even Nobel laureates in the field of economics are not always able to determine the behavior of the silver rate. To date, expert opinions in forecasting prices for 2021 differ significantly:

1. Analysts at Evromonitor Int believe that the rate of one troy ounce will be about $16 US.
2. American experts are more optimistic and predict prices in the range of 17-18 dollars.
3. The English bank HSBC believes that the silver rate will rise to $18-19 per troy ounce in 2021.
4. Weather analysts on the financial and cryptocurrency market “Cryptoprognoz” suggested an increase in the exchange rate to $24 US per ounce.

Types of investments in silver

Compulsory medical insurance, COX, futures, shares - it is difficult for an ignorant person to understand the sea of ​​investments. Next, I will go into more detail about the most popular ways to invest in silver.

Compulsory medical insurance

An impersonal metal account with Sberbank allows you to invest in precious metals and sometimes receive small dividends (from 0.1 to 3%). The percentage is small, and most banks do not charge an interest rate at all when opening compulsory medical insurance.

Expert opinion

Lyudmila Pestereva

Our most experienced gold investor

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The advantages of such an investment are long-term income from the rise in price of the metal itself and ease of use.

Ingots

Serbank of Russia buys, sells and stores measured silver bars weighing from 50 to 1000 g. The safekeeping account (COX) offers not only the savings of your silver: it is possible to provide them with a loan or transfer the COX to a foreign currency or ruble account. This is safer than storing silver at home. But for storing physical silver in bullion, the bank will take its percentage - you trust the bank with your property and pay it for safety.

Investment coins

Their name speaks for itself. These coins do not have any special artistic value, but are made of precious metal, which determines their value. Their price directly depends on the exchange rate.

Sberbank sells investment coins of its own issue and foreign ones; it is the largest seller of coins on the Russian market. Their main advantage is that this investment asset is not taxed upon purchase.

Which investment method is more profitable?

In my opinion, the most profitable way is compulsory medical insurance. It is the most mobile and less expensive. And the benefit from investments is commensurate with investments in physical metal and can even exceed it, subject to stable growth of the exchange rate. However, here too there are certain risks in emergency economic situations. Therefore, everyone must determine for themselves which type of investment is more convenient and profitable.

I note that any investment in silver is only worth it in the long term. It will not be possible to make money on short-term fluctuations in the exchange rate due to the spread and tax policy.

Dynamics in recent years

By 2021, experts predicted an increase in the price of metal assets, linking the rise in exchange rate with the escalation of the trade confrontation between China and the United States. By mid-2021, this war reached its climax - both states imposed duties on the import of goods, the amount of which amounted to billions. The conflict has not yet been resolved; negotiations on the situation are ongoing.

Contrary to forecasts, all metals fell in price, and the owners of compulsory health insurance felt this for themselves. Perhaps the reason is that the dollar has strengthened in the global foreign exchange market.

If we take statistics over the last 10 years (from 2009 to today), we will see that all metals have risen significantly in price, despite repeated drops and increases in exchange rates, sometimes sudden and large. See how this happened in the graph:

Gold, Silver and Platinum Quotes from TradingView

Purchasing and storing bullion at Sberbank

Sberbank today is the largest player in the precious metals market, therefore, by closely monitoring the exchange rate, you can make a profitable investment on time. After you have decided on the subject of investment, weight, denomination, type of storage, you need to call a Sberbank branch and agree on the time of the transaction. Check to see if your nearest branch has the bullion you need.

Expert opinion

Lyudmila Pestereva

Our most experienced gold investor

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Upon purchase you must be given a certificate. Be sure to save it, because if lost, it will be difficult to sell the silver to the bank, even if its condition and authenticity are not in doubt.

Advantages and disadvantages

The main advantage of investing in physical silver is having the metal in your hands. The likelihood that silver will depreciate is minimal. When purchasing, you receive 999 silver from a trusted seller. The more the ingot weighs, the lower the price per gram. This is due to the high demand for ingots weighing from 50 to 500 g.

Cons: The investment will pay for itself within a year if silver increases in price by more than 30%.

This is exactly what is needed to cover taxes and the bank spread. In such a short period of time this is unlikely, but in a dozen or two years the increase in the silver rate may exceed this threshold.

Procedure for selling bullion

When selling silver, there are certain rules and regulations, which you should inquire about in advance on the Sberbank website or by phone. In general terms they are as follows:

1. The sale of silver to the bank is carried out only in the presence of the client with a passport.
2. A certificate, a silver purchase agreement, and original packaging make the transaction easier.
3. When concluding a sale transaction, control weighing is required, and the scales must be within the seller’s visibility range.
4. Sales of silver bullion are subject to tax.

Selling a bullion purchased from another bank

Sberbank accepts silver purchased from other banks in Russia at the standard rate, subject to storage standards, integrity of packaging and availability of a certificate. Regarding foreign silver bars, it is necessary to clarify individually: the refining of some countries does not comply with Russian GOST.

Account opening methods

An individual needs very little - just a passport, a certificate of TIN assignment (if any) and the required amount.

Poste restante

Those who decide to open compulsory medical insurance at Sberbank have two options:

1. Come in person to one of the Sberbank offices (not just any branch is suitable - you should first check by calling 8-800-555-55-50 whether the nearest one is suitable for your home).
2. Use the Sberbank Online service (only for personal account users).

In the second case, since the agreement with Sberbank has already been signed and your data is in the database, you can create compulsory medical insurance with a few clicks of the mouse.

Urgent compulsory medical insurance

Today, Sberbank does not offer to charge interest to investors for deposits in metal, so it will not be possible to open a deposit compulsory medical insurance. In those banks where such a service is available, the conditions for its provision are usually the same: either a visit to the office, or a simplified remote scheme for bank clients.

Taxes and restrictions on acquisition

When purchasing silver bullion bars, you must pay VAT. All responsibility for paying tax lies with the buyer. When selling the bullion back to the bank, the tax is not returned; moreover, if the bullion has increased in price, you will also have to pay personal income tax.

But not everyone knows that paragraph 1 of Article 5 of the Law of the Russian Federation dated December 6, 1991 No. 1992-1 “On Value Added Tax” exempts from personal income tax the turnover of the Bank of Russia and specially authorized commercial banks for the sale of precious metals in bullion, provided that these the bullion remains in one of the certified storage facilities.

Thus, in order not to have to pay VAT, you do not need to take the bullion out of the bank, but transfer it to a safekeeping account.

How to open compulsory medical insurance in SB: step-by-step instructions

Opening an impersonal metal account with Sberbank is easy. For its clients, Sberbank provides the opportunity to open compulsory medical insurance in its online account. The Security Council of the Russian Federation provides such a service even to minors in the presence of parents or persons replacing them. To get started, clarify all the points you are interested in by phone. When you come to the nearest representative office, contact an available employee with a wish to open compulsory medical insurance. The following are a few simple steps:

1. State the amount for which you want to open an account.
2. Show your identification (passport).
3. Fill out the application, indicating the method of savings.
4. Read the agreement carefully and sign it.
5. The employee will give you all the information about the account you opened, the principles for calculating profits and your copy of the agreement.
6. Transfer money to compulsory medical insurance - in cash, from account to account or by card.

Conclusion

The world of investing in precious metals may seem distant and forbidding, but if you spend a little time and delve into the essence, you can understand all the advantages and disadvantages and gain some financial stability.

Experts advise investing in different areas and not putting all your eggs in one basket. Thus, the recommended amount of silver for savings is about 10% of the total investment portfolio. I hope today it has become a little clearer to you how the silver rate is formed at Sberbank.

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Advantages and disadvantages of compulsory medical insurance

Compulsory medical insurance, like any financial instrument, has its pros and cons. The advantages of a metal account include:

• High liquidity with relatively low risks.
• No costs for transportation and storage of ingots.
• No need to pay VAT.
• Relatively small spread.
• Absence (most often) of bank commissions.
• Low entry threshold (from 1 gram for current compulsory medical insurance).

Flaws:

• There is a problem with interbank transactions under compulsory medical insurance (if you opened an account with Sberbank today, you will not be able to transfer metal to VTB).
• Inability to transfer grams from one compulsory medical insurance to another.
• You will have to file a tax return yourself.
• Lack of insurance.

The last minus is the most significant. He is one of the reasons why most investors in compulsory medical insurance today choose Sberbank: in conditions when you can lose everything, reliability becomes more important than profit.