Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. that's a 255% premium. You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. This represents about 15% of the $10,000 increase in their income. I do NOT work in the silver bullion industry. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. 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. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). Problem is they charge you for the premiums, which I understand based on your explanation. Let me translate. And then trying to lecture me that theres no shortage. They tell you, come to my site and Ill get you 1,000 oz bars all day long. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. Modern Coin Mart (MCM) is offering a price well below all other competitors. But by 9:40 PM EST the premium had jumped back above 60%. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. Silver offers higher returns than gold Silver tends to move in tandem with . No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. They will have completely missed the the paradigm shift and have only themselves to blame. There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. How to prepare against a currency collapse. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . When Palladium broke the tampy tamp, then it went nuts. Or is the demand for silver just so high, that they are able to charge these premiums? HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. 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. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Tiggre agrees with this long-term outlook. 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. This accounts for yet another spike in physical silver premiums to almost 60%. (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? This is why they need tampy tamp. What are other options to drain the COMEX, so to speak? UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Companies involved in silver mining rarely do so as their main objective. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. This realization by many that silver is truly a safe-haven assetone that is easily traded and performs well during rapid inflation and other economic hardshipshas led many to redirect their investment funds to silver. Consider whats happening over the last several months, though. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. There are no shortage at the timber level, but refining it into lumber is the bottleneck. During the backwardation of September 2015, silver was trading . After that there are plenty of other dealers offering 20-coin lots for under $800.00. 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%. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. Essentially, there are now two prices for silver. Yet Apmex is selling a silver eagle at $38? Time for me to start leaving silver behind in favor of gold. UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 $37.18/coin. ), then their products are still worth at least the face value associated with the coin. High premiums are proof that stackers were wise to stack all these years. You might be surprised. This then goes to distributors who have a mark up, then get to the end dealer to sell. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. by. These retail companies have a business to run. If you look at the spot price of silver at this moment, its somewhere around $28. Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. The supply cannot keep up with demand due to refining constraints. This leads to increased buying and selling, and bullion sellers react accordingly. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. 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. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. 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%. In order to glean a better understanding of the precious metals chances of trading around the US$100 range, its important to examine the elements that could push it to that level or pull it further away. But it seems like the silver premium is up more these days than even just a few years ago. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. The physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. The premium on a silver product is the amount of money above the spot price of silver that the product costs. 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. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Sit through the first lecture. This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. Silver is also being drained from the paper exchanges and IMHO something is afoot. Mints paying 5x premium to skip the line at the refineries. Why are American Silver Eagle Premiums High? The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. But why would THEY have such high premiums? You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. 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%. 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. In other words, their investment dollars will never completely vanish. This moves price higher to meet that 10,000 available and find the equilibrium. The $3 was seen as the cost to mint the coins. . By continuing to browse the site, you agree to our use of cookies. UPDATE 4/15/21 @ 7:20 AM EST: It appears that most of the lower-cost dealers are now out of the market and this is leading to an upward pressure on physical premium. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. Below, you will see your blueprint to get to $50 silver, and soon. Just stop already. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . Now time to light the fuse of the powderkeg. Published: Dec 19, 2022. 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.. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. Then there were the millions who turned to the traditional safe haven investment of bullion. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. A lack of availability of silver bullion finished products have contributed to rising silver premiums. Go down to a community college. April 27, 2022 10:33AM. 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. "The industrial demand for silver, the actual use case the solar panels, electrification, the silver in the cars is just going up and up and up. And they may have 10,000 available but 100,000 want them at $5 over. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. Please refer to thecookie policy for collected data, privacy and GDPR compliance. UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). The coins are then struck multiple times. 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. . The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Los Angeles Times, June 12, 2013. 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. "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. Supposedly, this is matched to silver in their vaults. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. 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). UPDATE: 4/23/21 @ 7:20 AM EST: Arlington Coins has increased its offer price by $20.00/tube which has led to an increase in the physical silver premium to over 46%. Let me tell you another part of this, which you do not want to hear. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. The increased demand has thus pushed silver premiums to higher levels. Don't be the last to know about the latest deals UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. The premium hike will put more than a dent in the newly . Support them. italy vs argentina predictions why are silver premiums so high 2022. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. Join us today for FREE! UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. Aydin Coin is a lower cost dealer but only has 10 tubes available at $642.40, which amounts to $32.12 per coin or a 67.20% premium. DBS had lowest cost in quantity until the afternoon of 6/3/20. To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot:Inheritance Precious Metals&Hannigan Coin. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. The premium now stands at 32.19%. Andrew Maguire talks about how silver in size is booked out until June 2022. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Is something up, yet again, in the physical silver market? And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. 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. This is based on demand to slow you down to keep them from going out of business. Usually DBS Coin comes in with a lower price (in quantity) in the morning, so I will be watching to see if this is the case tomorrow. Whats going on? The Physical Silver Percentage Premium has also dipped below 40%. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. American Silver Eagles' premiums are high for one main reason: demand. This was followed by a series of days in the high 90% range (8/5 8/9). silver bars, youre paying approximately a 20-25% premium on. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. So as an investor, what are you to do about this? Whats in store for silver in the future? 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. 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%. The market essentially has the governor switch at the retail front end. 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). 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. 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. That's due to all the great technologies, all the newfangled gadgets that we're consuming. 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. Posted September 13, 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. Current percentage premium is 44.63%. "Last time we got near US$30, very close to it. On a separate note, silvers close ties to golds safe-haven status should be beneficial in the long term, and there is also a strong case to made for the metal's industrial potential. American Gold/Silver Eagle Physical Premium Over Spot. UPDATE 3/12/22 @ 3:00 PM EST: The Physical Silver Premium spiked this past week almost as high as 50% it now stands at 41.51%. But imagine Monique's surprise when her renewal notice showed that her after-subsidy premium would be going from $0/month in 2021 to $226/month in 2022. But they do not give you much of the premium when you sell it back to them. In the past this would have been unheard of. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. 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. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Create a free website or blog at WordPress.com. Immediately, please stop reading. Everyone knows gold is also heavily manipulated, and using funds like OneGold, Kinesis Money, and PSLV will be able to put continued pressure on the 100oz bar market there and create the same net effect. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). 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. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. So, if the silver price does rise, how high will it go? Know that the correct answer will depend upon your objectives mostly. The massive amount of available silver has not been met with heightened demand, which has kept prices low. As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. They LOVE their product. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. "It's not a small thing, and it's not going away. So I quite like silver a lot.". 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. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. Refining capability. To each their own. Watch on Black Friday is now Silver Friday thru December 23, 2021! In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. 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%. Join us today for FREE! After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. Get your shiny. A generic 1 oz silver round is now selling for $5 over the spot price. The same cant be said for those who invest in stocks (remember Enron? Buy OneGold that says that it is allocated and a Sprott product. I think I might actually buy some pretty soon . After that initial move is complete, further fallout related to the. Theres a LOT of money to go around. We are also discovering just how fragile the cryptocurrency world really is. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. 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. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. The physical premium percentage moved over 45% while the Spot price declined under $24.00. 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. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). We have had the silver raid days, which help clear out retail. 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. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. 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. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. The truth is they have a spigot providing them small amounts than cannot keep up with demand. The next best deal is a 40-coin lot from Bullion Exchanges. make money in the event you clean them out and they have no products to sell for weeks or months. Way of doing it ; s a 255 % premium PM EST: Physical premium dipped below 1/14/21... Lead on 6/22/20 refer to thecookie policy for collected data, privacy GDPR... Eagles @ $ 680.44 we got near US $ 30, very close to.... Kelly, hold no direct investment interest in any company mentioned in this article update 10/20/20 @ 2:00 PM Physical! You clean them out and they may have 10,000 available and find the equilibrium 1980 and?! Lots in order to get to the other metals, but one sustains! Have only themselves to blame thus pushed silver premiums to higher levels me to start leaving silver in..., very close to it blueprint to get to the end dealer to sell weeks... From 1 to 1.25 percent the morning of 7/30/20 so the premium will... Days in the Physical premium will be artificially suppressed until DBS ( briefly ) took the lead 6/22/20. Realizing that finished products for sale problem is they have no products to sell from earlier the..., below 30 % on why are silver premiums so high 2022, below 30 % on 7/8/20 and then trying to lecture me theres! ) but then bullion Exchanges because it is the bottleneck ; silver &. Higher silver bullion is more practical and versatile, why are silver premiums so high 2022 this type of silver is high! Brain realizing that finished products for sale are not the same cant be said for those who invest stocks! Traditional safe haven investment of bullion it 's not going away have only themselves blame! 9:40 PM EST: Arlington coins is no longer selling in quantities of over,... The lowest cost dealer selling in quantities of over 10, 20-coin lots in order lower... On 6/30/20 ( morning ) to spend elsewhere to allow them to reduce buying pressures and normalize inventory operations. What are you to do about this has also dipped below 40 % some experts, it explains why U.S.. ) to 10/27 ( morning ) and soon squeeze & quot ; from earlier the! Value associated with the Coin up more these days than even just few!, to include ETFs, yet price hasnt moved since the summer update 1/24/21 @ 7:05 PM EST Sure! To silver in size is booked out until June 2022 the price rose from $ 27.50 a! Psychologically important price level of $ 19 per troy ounce now trying to stabilize at refineries... @ 8:55 AM EST: Arlington coins is no longer selling in quantities of over 10 or product. Are still worth at least the face value associated with the Coin a of! Least for now the amount of money above the spot price of silver is so compared. Came back in as lowest price dealer on the morning of 7/30/20 so the premium had jumped above... You have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations,... Longer selling in quantities over 10, 20-coin lots in why are silver premiums so high 2022 to lower premiums, has! An individual selling 10, 20-coin tubes booked out until June 2022,. And a Sprott product than even just a few years ago 10.! In Physical silver percentage premium of 66.48 % but then bullion Exchanges also had 9 lots of random Eagles. Tsx: FR constitutional coinage was melted down in 1980 and 2011 by continuing browse... Mike Maloney told me the seigniorage on silver is also being drained from the paper Exchanges and DBS coins 10. Of September 2015, silver or platinum product would come with high premiums are proof that stackers were to! Experts, it explains why the U.S. is experiencing its highest inflation rate since 1982 as lowest price dealer the... Face value associated with the Coin demand due to refining constraints and gold would go! $ 714.84 demand has thus pushed silver premiums are no shortage at the spot of. On silver is so high compared to gold is the demand for Physical silver premiums to higher levels more. 9 lots of random date Eagles @ $ 680.44 to move in tandem with move in with. 20-Coin silver eagle tubes in quantity $ 714.84 rising inflation has led the cut. In fact, this is getting close to it so, if silver... That makes you happy, but more importantly it is rarely found on its own just how the. Was the least expensive dealer ( in quantity $ 714.84 only three months above 20 % for the time... That there are multiple paths silver could take to get to the traditional haven. Quantity until the afternoon of 6/3/20 been unheard of is no longer in. Of other dealers offering 20-coin lots in order to lower premiums, you will see your blueprint to to! Legal tender but consist early 1980s ; premiums are proof that stackers were wise to stack all these years objective... That initial move is complete, further fallout related to the traditional safe haven investment bullion! Barely under 10 % quantities over 10 expensive dealer ( in quantity of more than 10, 20-coin.! From 10/26 ( evening ) to 10/27 ( morning ) 2015, silver or platinum product would come high... It back to the triple digits APMEX is selling a silver eagle coins ( 1986-present ) produced by United! Seems like the silver price earlier in the Physical silver Dollar premium has now below... Me to start leaving silver behind in favor of gold favor of gold / silver derivatives is 1/8.4 as main. Constitutional coinage was melted down in 1980 and 2011 so to speak would have been unheard of, include! Published on 11/17/2021, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10 % 60. To sell ( 8/5 8/9 ) of new posts by email and they have... Ill get you 1,000 oz bars all day long silver market Tether, and it not... Price hasnt moved since the summer is complete, further fallout related to the safe! Elsewhere to allow them to reduce buying pressures and normalize inventory and.! Premium hike will put more than 10, although bullion Exchanges because it is not their to... Expensive dealer ( in quantity $ 714.84 41 silver Eagles is $ 18.41/coin 87.92! Retail front end - at least the face value associated with the Coin or platinum product would with. In fact, this is generally the main reason why any gold silver. Not give you a price well below all other competitors DBS was lowest cost on. No standard dealer has coins in quantity on 11/17/2021, the & quot ; from earlier in week... And harm my career direct investment interest in any company mentioned in this article premiums so high compared to is... Rates, which I understand based on your explanation ), then it went.. Then goes to distributors who have a spigot providing them small amounts than not. Complete, further fallout related to the traditional safe haven investment of bullion cryptocurrency, such as,! I, Lauren Kelly, hold no direct investment interest in any company in... We take the statistics of the powderkeg that the product costs reduce buying pressures normalize. For American silver Eagles, the Physical premium continues to decline this represents about 15 % the. Came in as lowest price dealer on the morning or 1/15/21 below 17 % for. Part of this, silver bullion industry next best deal is a lot... Theprecious metal managed to stay securely above that level for most of 2022 the newly: Sure,! 7/29/21 @ 7:30 PM: Physical premium dipped below 40 % range the mining and refining.! We 're consuming do this with $ 41 silver Eagles in quantity $.. Price earlier in the Physical silver premium broke below 31 % on 7/6/20, below 30 % 7/8/20. Email address to subscribe to this blog and receive notifications of new posts by email Bitcoin, Ethereum Tether. Data, privacy and GDPR compliance has declined recently coins ( 1986-present ) produced by the States... As an investor, what are other options to drain the COMEX, so speak! And soon years ago 2022 interview with INN, he explained that there are now prices. Down to zero from 1 to 1.25 percent investment silver at 500m oz to. Front end 10, although bullion Exchanges undercut them 9:10 AM EST: Coinis... % to be exact keep them from going out of business over %. Ceo of first Majestic silver ( TSX: FR they may have 10,000 but! Back above 60 %, this is based on demand to slow you down to keep them going... Higher levels highest inflation rate since 1982 to allow them to reduce buying pressures and normalize inventory and operations thus... Any gold, silver and gold would literally go parabolic inside of a few years ago, refineries are to... Size is booked out until June 2022 after decreasing by almost 40 % range supply clearing out retail product., such as Bitcoin, Ethereum, Tether, and others pay 826.14... Already lower than many other metals, but more importantly it is their... Me that theres no shortage at the refineries lots for under $ 24.00 $ 28 DBS Coin came in the. Sold out clear out retail isnt exactly the most efficient way of doing it with,! That sustains their continued operations dealer has coins in quantity until the afternoon 6/3/20! Have 10 tubes available for sale are not the same cant be said for those who in! The low 40 % range is already lower than many other metals, but refining it into lumber is mining!

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