Phoenix Digital Silver is simply physical silver bullion represented digitally online in a "digital holding". The physical silver is stored in secure vaults on behalf of our customers who may not desire to take possession of physical silver for various reasons. Once you have a digital silver holding, you can send silver to other people and they can send it to you without having to ship the actual silver bars.

The digital silver is backed by 100 ounce serial numbered Phoenix Silver Bullion Bars stored in secure vaults. The bullion bars can be redeemed by digital holders at any time. The redemption service converts your digital holding to physical bullion bars shipped to your door.