'Not too long ago, we announced that you could buy gold directly through the Revolut app. From today, all European Economic Area (excluding Lithuania, Poland, and Hungary) customers can also buy silver in exactly the same way. The addition of silver exposure for Standard, Premium and Metal customers, provides everyone with the opportunity to diversify their portfolio with valuable commodities.
Buying silver is easy
You can invest in silver directly in the app by going to the ‘Commodities’ tab. There you’ll see prices based on real time market data, which we get from our trusted precious metals service provider. You can also set up an auto-exchange, meaning we’ll buy silver on your behalf once it reaches your desired price. Any silver you buy or sell is shown instantly in your account.
Backed by real, physical silver
It’s important to note that when you invest in silver, we don’t actually send you any physical silver, but your investment is backed by actual physical silver. This is held securely in a bank vault in London.
Trade and exchange silver
We’ve made it easy to manage your commodities, too. You can send silver to others on Revolut just as you would any other kind of currency. You can also exchange your silver for gold, cryptocurrency, or e-money. It’s totally up to you.
Spending precious metals
We updated our precious metals terms. You cannot pay in precious metals using your Revolut Card. This means that if you make a payment using your Revolut card, and the only funds you have are in precious metals, the payment will fail.
For more information on trading commodities, visit our Precious Metals FAQ. And please remember: unlike e-money, Precious Metals are not regulated in the UK by the Financial Conduct Authority or safeguarded under e-money regulations. As with all investments, capital is at risk.'
Are precious metals today's shoeshine boy parallel?