Physical or Paper? Start Here
The first and most important distinction is between real, physical silver and paper silver — such as ETFs, futures, or unallocated pooled accounts.
Physical silver is a tangible asset with no issuer. Paper silver can be easier to trade but may depend on an issuer or counterparty, and doesn’t give you title to specific metal.
Which suits you is your decision. EONA offers physical silver only and does not give investment advice.
Allocated vs. Unallocated: Know the Difference
Even among physical silver options, ownership structures matter.
- Allocated silver is recorded against specific bars, separately from the provider’s own assets.
- Unallocated silver is a claim on a provider’s pool. If the provider fails, you may be a creditor rather than an owner.
EONA offers allocated silver only — recorded against specific bars.
Choose the Amount
In the wider market, silver is sold in different sizes:
- Small bars and coins usually carry higher premiums per gram.
- Larger bars usually carry lower premiums per gram.
At EONA, you choose an amount and your holding is recorded against specific bars (or a recorded share of them). The same pricing method and commission apply whatever the amount.
Vault Location Matters
Where silver is stored affects who holds it and under which laws.
With EONA, your silver is stored with Loomis in Dubai. Zurich and Singapore are planned locations (coming soon) and are not currently available.
Pricing, Liquidity, and Exit
Always compare the true cost of holding silver. Retail coins can carry premiums of 20–30% or more. Pooled accounts may charge less but carry provider risk.
EONA publishes its costs. Prices are based on the international spot price plus a premium, with a 1.00% commission plus 5% VAT, and you can sell back to EONA through your account, with proceeds paid to your verified bank account. Storage is 1.00% per year plus 5% VAT.
Points to Watch
- Coin premiums — collector coins can be expensive to buy and sell.
- Unallocated or pooled accounts — you may not own specific metal.
- Unclear pricing or custody — ask where the metal is stored and how prices are set.
Silver ownership should be simple and clear. The value of silver can rise or fall.