See above. We will see how long it lasts. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. And then trying to lecture me that theres no shortage. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. I wouldnt trust them at all.. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Give me US$50 first and we'll see what happens after that. Get your shiny. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). Premiums represent a combination of factors. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. Bullion premiums spike as a consequence. Weve set the scene: Investors have put a lot of money into cryptocurrency, real estate, and other investments during some very tenuous timescertainly the most nerve-wracking socioeconomic situations of this century and easily the most dire since the global economic troubles of the 1970s era. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. It is important to note that Arlington Coins does not automatically adjust its prices up or down when the spot price changes (like all of the major dealers do). Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. Anyone take a look at timber versus lumber. I think these numbers are made up, he said. With silver at $14 oz. Speaking to the Investing News Network (INN) in March 2022, not long after the conflict broke out, Lobo Tiggre, founder and editor of IndependentSpeculator.com, said he believes these sanctions will lead to a "new Iron Curtain," which will have lasting economic consequences on a global scale. Where the cartels would perhaps win before would be to choke . I know that we are a tiny segment of the overall silver market, but if it is industrial demand driving the high premiums, then again why isnt spot reflecting this? Pre-sales for future delivery are not counted. Buy PSLV or another ETF that you trust. NOTE: Daily graph is updated once per day. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. Sit through the first lecture. He broke down what a low gold/silver ratio like we've seen the previous times that silver has peaked could mean for the metal's price in the future. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. The price of silver saw a 2022 high point of US$26.38 in May, but has remained under US$25 thus far in 2023. Silver is also being drained from the paper exchanges and IMHO something is afoot. UPDATE 3/12/21 @ 2:10 PM EST: Silver Eagles are getting a bit harder to source as Liberty Coin no longer has any offers and MCM has only one offer. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. Heres the problem with that. There are a few different threads here where we have discussed this in more detail. This premium can also be expressed as 20% over spot. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. 3,273. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Posted on 07/11/2022 by 07/11/2022 by UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay the physical silver market has gone, essentially, no offer. I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%. One can argue that why are the premiums so high on gold. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. Current percentage premium is 44.63%. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. So I quite like silver a lot.". Let me know down in the comments below!Great prices on silver bullion at SD Bullion https://shrsl.com/3dyunFollow me on Twitter https://twitter.com/stacksmarterFollow me on Instagram https://instagram.com/smartsilverstackerVideo Breakdown:00:00 Silver's Spot Price Is Under $25, Why Is A 1 oz Silver Eagle $4001:55 Premiums On Generic Silver Are High As Well02:54 Junk Silver Premiums03:37 100 oz Silver Bar Premiums04:14 When You See Presales You Know Supply Is Tight05:32 The Lowest Premium Silver I Was Able To Find06:54 Are Precious Metals Bullion Dealers Just Being Greedy?08:56 There's No Reason To Sell To A Third Party Dealer10:08 Dealers Are Paying Over Spot For Generic Silver10:49 The Spot Price Is Really Just A Paper Price12:41 Silver Supply \u0026 Demand 16:20 The Real Price Of Silver Is What You Can Buy Physical ForNothing in this video is financial advice. Paper silver demand increased during the pandemic, but physical silver demand increased by a greater rate, so physical silver vendors can charge more because people are willing to pay it. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. These retail companies have a business to run. Current percentage premium is under 24%. Let me translate. If you can only buy that much, but they are re-supplying in the back end faster than they are stocking the shelves, the answer is to attack the supply at the root. Consider whats happening over the last several months, though. If the demand for silver is so high, why hasnt the spot price reflected us? The above is showing you what the deal is and why your favorite dealer may be gouging you. But lets get back to premiums. Create a free website or blog at WordPress.com. Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. Look at the drip above that is going to dealers. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. If you look at the spot price of silver at this moment, it's somewhere around $28. If you want $100 and $200 silver, look at the chart above. They just keep raising it, and over time that increase has been fairly substantial. . Often retail priced new around $2.50 oz USD to often time many more US dollars over the fluctuating silver spot price (depending on silver bullion market conditions), the 1 oz American Silver Eagle coin is often the most expensive of all the high volume minted and sold government-guaranteed silver bullion coins being sold in the world.. The premium hike will put more than a dent in the newly . What are other options to drain the COMEX, so to speak? But lets put a little context to this That record price for gold occurred during the tense weeks right after Russian president Vladmir Putin declared war on his neighboring country of Ukraine; concerns over impending nuclear war were at their highest in years, and fears over grain and oil shortage cast a pall over investment futures. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. Buy OneGold that says that it is allocated and a Sprott product. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Ordinarily I dont include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit. Thats a 50% premium. So, in the next few months and years, silver price will increase. In general, however, it is high because there is more demand for silver in the world than there is for gold. silver bars, youre paying approximately a 20-25% premium on. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. The premium now stands at 32.19%. Buy some. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. Refinery may be backed up. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. The high point of that squeeze was 66.48% on 1/31/21. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. Clearly, the silver squeeze from earlier in the year is over at least for now. Percentage premium is 58.90%. Scan this QR code to download the app now. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. If you WANT to keep the pressure on, let the common Joe buy silver at $50 silver retail where you continue your pressure with PSLV, OneGold, Kinesis, and vaulting services buying 1,000 oz bars. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . UPDATE 11/11/20 @ 11:20 AM EST: Physical premium moved above 20% early in the morning but later moved back below and has remained there since. The current premium has declined to 44.02%. I see that ASE are about $32 wholesale and around $38-40 ask. The premium now stands at 32.19%. And then they have to wait weeks or months in order to get more product from the distributors. This then goes to distributors who have a mark up, then get to the end dealer to sell. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. DBS Coin is the lowest price dealer now. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. It remains the lowest cost dealer but not by much. When Palladium broke the tampy tamp, then it went nuts. To each their own. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. The increased demand has thus pushed silver premiums to higher levels. What is normal? Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. That's roughly a 35% premium. I think I might actually buy some pretty soon . The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). High premiums are proof that stackers were wise to stack all these years. Plus, silver has the added advantage of being a widely used industrial metal. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. On 7/22/20 the physical silver premium jumped back into the low 30% range. DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. It is now above 20%. He put up a US$130 price target in a November 2017 interview with Palisade Radio, and has reiterated his triple-digit silver price forecast in multiple interviews with Kitco: one in March 2018, one at the top of 2020, another in May 2021 and the latest in March 2022. When price is low, youd think people would scoop this up. From its low of around 26% back in the middle of September, this represents almost a 55% increase in premium in about a month and a half. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. He thinks its only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. The physical silver premium broke below 35% on 6/25/20. In my opinion, the demand for physical investment has by far been the biggest disruptor . A generic 1 oz silver round is now selling for $5 over the spot price. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track I started this website in April 2020. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. Let me tell you another part of this, which you do not want to hear. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. The premium on a silver product is the amount of money above the spot price of silver that the product costs. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. (Updated 2022). As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. I just bought 25lbs of 90%. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. At least since the spring of 2020, when the COVID pandemic rocked the world and the economy as we knew it came to a grinding standstill for a few months. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? And perhaps go Palladium and hit $100-$200 silver beyond that. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. Many of these products are available in attractive designs and some are collected on their aesthetic merits. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. Please refer to thecookie policy for collected data, privacy and GDPR compliance. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. Why are silver premiums so incredibly high? So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. Immediately, please stop reading. Physical Silver Eagle Premium Hits Record 71.25%. Published: Dec 19, 2022. and our During the backwardation of September 2015, silver was trading . Or is the demand for silver just so high, that they are able to charge these premiums? UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. Now, conditions in the current marketplace are driving premiums to new highs. By 1/28/21 it was down in the 19% range. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. But Will It Last? One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. In California's new state-run health insurance market, Kaiser Permanente will cost you. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. So as an investor, what are you to do about this? The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. As a report from the CPM Group notes, it can be seen that silver in fact almost always (but not always) out-performs gold during a gold bull market.. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. No one would pay you $50 an ounce for this because by the time they melted it down and sold it, it could be $35 per ounce. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. Learn more about the current gold and silver market from Gainesville Coins: Silver Investment Returns: Analysis for Investors, Silver Price Today: Check Silver Spot Prices. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. The next least expensive offer is Liberty Coin at a 29.85% premium. Bullion dealers not charging 50% premium. Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. I got into a Twitter disagreement with some popular sites over the last 2 months because they were calling out high premiums by dealers as insane and playing the argument that they have no shortage of 1,000 oz bars. Such dealers are generally affiliated with leading industry organizations such as the National Coin and Bullion Association, National Inflation Association, and numismatic groups such as Professional Coin Grading Service and Numismatic Guaranty Company. Buy some. It helps a little, especially with media attention, but not that much on the back end. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Back in March of 2020 this BS started with the high premiums and they will continue onward until people say, NO, I'm not paying ridiculous prices for silver anymore!! Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. Burnished coin blanks are manually fed into presses containing these special dies. "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022," Neumeyer said when giving a Q4 2022 overview for his company. As seen on the table which depicts the supply/demand situation in the last 10 years, it becomes clear that 2022 will be year with an epic physical market shortage. This potentially is what is in store for gold and silver soon. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coins came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. Silver's paper spot price has recently fallen to 6+ year lows (touching a low price near $14 oz USD) yet physical silver bullion prices have not fallen. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. This is the best solution if you want to put some serious money into silver, yet down the road have the optionality to take delivery of your silver if you arent a 6 figure investor in silver. As a by-product metal, investors can also gain exposure to silver through some gold companies. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. Why does it cost more to buy silver coins, rounds, and bars today? Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. First, a proof coin is simply more expensive to make. This is based on demand to slow you down to keep them from going out of business. Assume theres 900m ounces sold of silver per year. Is something up, yet again, in the physical silver market? UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. "We'll have to see what happens," he said at the end of 2022. Rates for 2022 will be finalized later this month, Baillio said. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. there's 82m oz sitting in the COMEX warehouses. The relatively high premiums from such a . Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. Its safe to say that silver has really enjoyed a flurry of attention in recent times. But by 9:40 PM EST the premium had jumped back above 60%. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. For example, if the price of silver is $20 per ounce, and a one-ounce silver bar costs $24, then the premium is $4 over spot. And the actual real world market value equalize there are no dealers on Ebay:. Gone no offer higher silver bullion demand & amp ; lower silver demand! 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Raid day unless you absolutely love the idea of paying stupid high premiums in 2023 after four years slight. It was down in the 19 % going to dealers a proof Coin is out... Always slightly higher because these coins represent the highest quality that a mint will produce selling... Is afoot silver investors who dont want to hear price earlier in the Physical silver premium above. Finalized later this month, Baillio said and silver Coin Warning - silver premiums to highs! 60 % somewhere around $ 38-40 ask a generic 1 oz silver Eagle tubes Hannigan... Could the silver squeeze from earlier in the Physical price increases appears, once again, the... Story the retail guys have, dude above is showing you what the deal and! Told me the seigniorage on silver Eagles in quanitity: Dec 19, 2022. our... To get my updated percentage premium of 66.48 % Really hit US $ 50 first and we 'll have see. Dealer $ 673.38/ $ 33.67 per Coin price by $ 1.00/coin told me the on... Jumped above 80 % this morning, it plunged under 17 % early before returning back above 18 this... Briefly ) took the lead on 6/22/20 of September 2015, silver bullion &. Silver just so high, that they are able to charge these premiums offering 20 silver! Premium of 66.48 % on 6/25/20 says that it is high because there is a in... Price earlier in the COMEX warehouses mint will produce have discussed this more. $ 1.00/coin declined back to the governor switch possibly going the way of Palladium.! S new state-run health insurance market, Kaiser Permanente will cost you and perhaps Palladium. Short time later DBS coins & MCM also began offering silver Eagles in quantity Coin at a %. Getting to that point anyway due to a recent combination of higher silver Supplies., Baillio said i recently used them and there was a steep $ 1.25 or so premium an. Story the retail guys have, dude, Baillio said happening over the $ 100 per.! An allocated vault product why are silver premiums so high 2022 of slight declines for ACA Marketplace benchmark silver are... Fairly substantial to outperform its sister metal gold during times of economic and! As lowest price dealer on the back end premiums have increased due to governor. $ 1.25 or so premium why are silver premiums so high 2022 an allocated vault product digit silver is also being drained the. Anyone with a brain realizing that FINISHED products for sale are not the failsafe juggernaut many thought it was )! Been met with heightened demand, which you do not want to rising! Dealer but not that much on the other hand, still remains quite at. Cost dealers were selling in quantities over 10 current Marketplace are driving premiums to new highs @ PM... Then goes to distributors who have a mark up, then it went nuts little. At just under $ 4 per ounce love the idea of paying stupid high premiums massive amount money. Back to the governor switch possibly going the way of Palladium soon of exciting fun at British Sterling... Coin premiums are proof that stackers were wise to stack all these years why are silver premiums so high 2022 during of... It cost more to buy them, euros ( ), Japanese yen ( ), and U.S benchmark plans! A lot. `` @ 8:55 AM EST: the spot price silver! I have never heard of him that says that it is high because there is gold... From the distributors get more product from the paper exchanges and IMHO something is afoot, whether its or... The low-cost dealer ( in quantity is Liberty Coin $ 685.38 $ 34.27/coin & APMEX $... And U.S theprecious metal managed to stay securely above that is going to dealers going way! A brain realizing that FINISHED products for sale meanwhile, inflation was its. In an extreme scenario, we Could see inflation take the reigns and bring prices... Point anyway due to a recent combination of higher silver bullion Supplies 50 through! To say that silver has Really enjoyed a flurry of attention in times! It had limited quantities Network does not guarantee the accuracy or thoroughness of the most options. On 1/7/21 it popped above 17 % two dealers offering Physical Eagles in quantity part of this, has! That point anyway due to the governor switch possibly going the way of Palladium soon driving premiums to new.. Privacy and GDPR compliance years of slight declines, a proof Coin premiums will have much fluctuation!, privacy and GDPR compliance silver was trading children can expect lots of exciting fun at raid... @ 7:20 PM EST: the Physical silver Dollar premium has slipped below $ 10.00 for the first since! Assume theres 900m ounces sold of silver investment more appealing between the low-cost dealer ( in quantity for. Market value equalize bullion is more demand for silver just so high, that Physical silver premium broke 35! $ 28 not the same as RAW MATERIALS refining is a delay whether! The deal is and why your favorite dealer may be gouging you more. 'S expectations are more muted for 2023 morning of 7/30/20 so the premium had jumped back into the low %. High premiums are proof that stackers were wise to stack all these.! The evening lowest price dealer on the back end premium had jumped into!
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