Choose a precious metals dealer. It will instruct the IRA depositary to send money to the dealer to buy gold, silver, platinum or palladium. The only way to add silver to your retirement account is through a self-directed IRA supervised by an independent depositary. We'll go into more detail about custodians later on.
Even so, most traditional financial managers won't even offer you the opportunity to open a self-directed IRA. A self-directed IRA can buy gold and silver as long as the assets purchased meet IRS requirements. Regal is the leading silver IRA company in general because it acts as a one-stop shop for everything related to creating and monitoring a precious metals IRA.