Can You Buy Silver at TD Bank? TD Precious Metals vs a Bullion Dealer

Yes, Canadians can buy silver through TD Bank. The service is called TD Precious Metals, and it sells silver bars and coins to existing TD customers. What many buyers do not realize is how much the total cost, buyback terms and delivery options differ from a dedicated bullion dealer. This guide breaks down the numbers.

TD Precious Metals is one of the most searched precious metals services in Canada, with roughly 34,000 monthly searches for the term alone. That popularity does not automatically make it the cheapest or most flexible way to stack silver.

What TD Precious Metals actually sells

TD offers physical gold and silver through its branches and its online precious metals platform. On the silver side, the lineup typically centres on Royal Canadian Mint products: silver Maple Leaf coins and RCM silver bars in common weights.

The range is deliberately narrow. A bank is not a specialist bullion retailer, so buyers get a short menu of mainstream products rather than the full spread of mints, weights and formats a dealer carries.

Typical TD silver product menu

Product	Common weights at TD	Metal purity	Format
Silver Maple Leaf coin	1 oz	99.99% (.9999)	Government coin
RCM silver bar	10 oz, 100 oz	99.9% (.999)	Mint bar
Silver Maple multiples	Tube of 25	99.99% (.9999)	Coin tube

The real cost difference: premiums over spot

Silver is quoted at a spot price, but nobody buys physical silver at spot. Every seller adds a premium to cover fabrication, handling and margin. The premium is where banks and dealers separate.

Banks generally price silver at wider premiums than specialist dealers, because bullion is a side service rather than a core business. The pattern below reflects typical premium ranges over spot for a 1 oz silver Maple Leaf, expressed as a percentage of the metal value. These are illustrative ranges, not live quotes.

Seller type	Typical premium over spot (1 oz Maple)	Buyback offered	Buyback spread
Big bank (TD-style)	Higher end of market	Limited or none for physical delivery	Wide
Dedicated bullion dealer	Lower, competitive	Yes, active two-way market	Narrower

On a single coin, the gap can look small. Across a 100 oz position bought and later sold, a wider premium on the way in plus a wider spread on the way out compounds into a meaningful drag on returns.

Buyback: the difference that matters most

Buying silver is only half of the round trip. Eventually most investors sell. This is where the bank route often disappoints.

A specialist dealer runs a two-way market: it quotes both a buy price and a sell price every business day, so a stacker knows there is a ready exit. Banks that deliver physical metal frequently do not repurchase it, which can leave the seller hunting for a buyer later and accepting a weaker price.

Head-to-head: TD Precious Metals vs a dedicated dealer

Factor	TD Precious Metals	Dedicated dealer (CanAm Bullion)
Product range	Narrow, mainly RCM	Broad: coins, bars, rounds, multiple mints
Premium over spot	Higher end	Competitive
Two-way buyback	Limited	Active daily buyback
Account required	TD customer relationship	No banking relationship needed
Specialist support	General banking staff	Precious metals specialists
Insured storage option	Varies	Brink’s insured storage
Walk-in location	Branch network	Windsor

CanAm Bullion is a Royal Canadian Mint authorized dealer, so the same government-grade products available through a bank are available from the dealer, usually at a tighter premium and with a guaranteed buyback. Windsor is the sole walk-in location, and Brink’s insured storage is available in Toronto, Vancouver and Calgary.

When the bank route still makes sense

The bank option is not always wrong. For a TD customer who wants a single coin, values the familiarity of dealing with their existing bank, and has no intention of selling, the convenience can outweigh the wider premium.

For anyone building a position of more than a few ounces, planning to sell one day, or wanting choice across mints and weights, the specialist route tends to win on total cost.

How to decide in three steps

1. Compare the all-in price per ounce, not just the sticker. Add the premium to the spot price and divide by ounces.
2. Ask each seller for its buyback price today. The gap between buy and sell is the true cost of ownership.
3. Confirm the products are RCM or LBMA recognized so resale is easy anywhere.

For a deeper walkthrough of formats and where to start, the complete guide to buying silver in Canada covers bars, coins and premiums in detail. Buyers weighing coins against bars can also read the silver rounds vs coins vs bars comparison.

Frequently asked questions

Can you buy silver bars at TD Bank?

Yes. TD Precious Metals offers Royal Canadian Mint silver bars in common weights such as 10 oz and 100 oz, along with silver Maple Leaf coins. The selection is narrower than a specialist dealer and premiums tend to sit at the higher end of the market.

Does TD buy back silver?

TD’s buyback options for physically delivered silver are limited. A dedicated dealer that runs a daily two-way market gives sellers a more reliable exit and typically a narrower spread between buy and sell prices.

Do you need a TD account to buy silver from TD?

Buying through TD Precious Metals generally assumes a TD banking relationship. A bullion dealer does not require any banking relationship, so buyers are not tied to a single institution.

Is silver cheaper at a bank or a dealer?

Dedicated dealers usually price silver at tighter premiums over spot than big banks, because bullion is their core business rather than a side service. The difference grows with position size and matters most when it is time to sell.

To compare live products and current premiums, browse the CanAm Bullion silver collection or call the team at 1-877-513-9399.