Costco expands precious metals product line with Kirkland silver bars - Mining.com.au

AI desk brief

Costco has expanded its precious-metals offering with 1-ounce Kirkland Signature silver bars, sold in five-bar packs for US$349.99, or roughly US$70/oz. That puts the retail price at a meaningful premium to spot silver, which was trading just above US$63/oz and nearly 50% below its January record high.

The launch follows Costco’s earlier gold-bar success and its move into silver coins and third-party silver bars in 2024, with the latest step bringing silver under the Kirkland brand. While the direct market impact is limited, the story reinforces ongoing retail appetite for physical metals and could provide marginal support to silver demand.