We believe that Silver is once again a buy. There are many reasons for this, but most notably there is a limited world supply, the demand has risen thanks to cryptocurrency, industrial demand is overlooked, and the price action suggests silver needs to close the gap on gold. For these reasons, we recommend a buy. In this column, we cover three ways to buy exposure.

There are three ways investors can get exposure to silver. Our top recommendation for silver exposure is purchasing physical silver bullion and coins, followed by purchasing shares of ETFs that track silver prices, and finally through the stock of the individual silver companies/miners.

Top choice: physical assets

In our opinion, your first choice for silver investment should be through physical bullion or coins. There are dealers in most cities and merchants on the internet where you can buy silver bullion bars and/or coins.

We not only consider physical silver as a wise investment, given the Fed’s actions with interest rates, and from extensive government financial easing in the last decade, but we also consider it to be a form of insurance in case there is the unlikely breakdown of the modern financial systems we have in the world today.

If you decide to invest in physical silver assets, do so by only buying from a reputable dealer. The only downside from internet purchases is high shipping and insurance costs as well as the possibility of a required minimum purchase. Whenever possible, buy locally as you can avoid such excessive shipping and handling fees (and support your local community). We will add that when these assets appreciate, you can sell them for cash at these same dealers and reallocate into other investments as you see fit.

Second best option: Exchange-traded funds

One option, especially for those who do not feel comfortable with purchasing physical silver, is through buying shares of an ETF. There are a number of different ETFs to consider, but our top choice is the iShares Silver Trust (SLV ). Although the fund is not the exact equivalent of an investment in silver, it can provide investors with an alternative that allows a level of participation in the silver market through the securities market. The only problem is that like any other ETF, it builds in expense ratios, which you can consider as a fee for owning them.