Silver Wheaton (NYSE: SLW) is one of the best ways for investors to take advantage of the bull market in silver. Many people assume it’s a mining stock, but it’s clever business model frees it from the risks of mining while giving it leverage and profitability from silver’s increasing value. It does this by buying the future production of silver mines and miners for whom silver is a byproduct. The miners get an assured price for their production that allows them to expand now, while Silver Wheaton gets their silver. This company owns no mines, but has contracts that allows it to profit from the silver of several major mines. It’s a pure silver play and a real bargain at the moment, in my opinion.

For more on the history and the business model of Silver Wheaton, see the article, “Silver Wheaton: The best silver play in town.”