SILVER INGOT

A silver ingot refers to the casting of pure silver or a silver alloy into a particular shape that’s more convenient for further processing, storage, or distribution. These forms are created by heating raw silver beyond its melting point, pouring the molten silver into a mold, and cooling it down to take on the desired shape. Usually, a silver ingot is in the form of a bar, block, or slab. The term has pretty much fallen out of usage concerning the precious metals industry, but ingots are common features of manufacturing and industrial production.

These forms are often produced quickly to give manufacturers a more convenient medium through which to handle silver. You can think of silver ingot as a rough draft in the process of creating the final product. Sometimes, these rough drafts are kept in this prototypical stage to be used as silver reserves or currency. In other instances, a silver ingot can be melted down again for further production into a more refined silver bar.