Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. The physical silver premium jumped from 25% to almost 35% on 7/21/20, but by the next morning it was lower than it has ever been 24.20%. Many of these products are available in attractive designs and some are collected on their aesthetic merits. Lets look at dealers. UPDATE 3/19/21 @ 7:45 AM EST: DBS Coin did not come in this morning with any offers (they have no coins available) so the physical silver premium remains elevated. "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. You are then running into premiums twice. Current percentage premium is under 24%. Economic Conditions Neumeyer expects a triple-digit silver price in part because he believes the current market cycle can be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. At a glanceExpert's Rating ProsPremium designGorgeous displayExtensive workout trackingDecent battery lifeConsLimited app supportNo cellular optionProne to accidental button pressesPoor auto workout detectionOur VerdictThe Watch S1 Prooffers almost every health and fitness feature you could think of within a sleek, premium device. While this is the case throughout the silver industry, it seems to be especially pronounced on monetized silver coins more so than with silver rounds or silver bars. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. Posted September 13, 2022. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. 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. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. Their prices are, gram for gram, cheaper than silver coins. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. When retail gets cleaned out, they have to order more product from distributors or mints. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. 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. 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. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. What a nightmare to go through it. Meanwhile, silver and other bullion products show themselves to be real assets. After that initial move is complete, further fallout related to the. 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. Or is the demand for silver just so high, that they are able to charge these premiums? From a longer-term lens, Matt Watson, founder of Precious Metals Commodity Management, thinks that over the next decade silver will benefit greatly from increased industrial demand, particularly from the electric vehicle, solar photovoltaic and electronics industries. by. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Why are American Silver Eagle Premiums High? If you want to take down Darth Vader, youre going to need a bigger boat. A generic 1 oz silver round is now selling for $5 over the spot price. Whats going on? Essentially, there are now two prices for silver. Buy some. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. So I quite like silver a lot.". "I actually saw someone the other day call for US$500 silver," he said. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. The common mistake is just trying to go after retail. 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. Required fields are marked *. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Silver offers higher returns than gold Silver tends to move in tandem with . However, premium changes vary by . The next least expensive offer is Liberty Coin at a 29.85% premium. Why is silver trading so high? Scan this QR code to download the app now. These dealers wereInheritance Precious Metals&Hannigan Coin. Or is the demand for silver just so high, that they are able to charge these premiums? 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. What you find from these dealers is that the US mint only makes so many eagles. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. 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. Let me translate. By continuing to browse the site, you agree to our use of cookies. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Im also aware as supply is unlocked, its possible the refineries and others are hedging what they just bought to protect from downside price moves. It was only a matter of months each time. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. That's because when rates are higher interest shifts to products that can accrue interest. The result is that the premium now stands at 44.00%. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. 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. What are other options to drain the COMEX, so to speak? This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. Assume theres 900m ounces sold of silver per year. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. . With demand so high, you can go for awhile with keeping premiums high. When price is low, youd think people would scoop this up. As DEMAND rises, PRICE must move up in order to adjust to limited supply. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). We have had the silver raid days, which help clear out retail. If they increase their income to $50,000, they are expected to pay 5.48% of their income. And gold bars, Maybe 5%. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). In general, however, it is high because there is more demand for silver in the world than there is for gold. Refinery may be backed up. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! At least this has been the case since I started to closely follow the Ebay market since last Spring. ), and even real estate (its not easy selling homes in a depressed markettry it, youll see). But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. Using estimated numbers here. First, a proof coin is simply more expensive to make. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. This is why the premium on physical silver declined from its 66.22% high earlier in the day. 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. The truth is they have a spigot providing them small amounts than cannot keep up with demand. Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. What is normal? It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. All readers are encouraged to perform their own due diligence. Then they just give you spot. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. 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. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . But they do not give you much of the premium when you sell it back to them. And perhaps go Palladium and hit $100-$200 silver beyond that. Dont forget to follow us @INN_Resource for real-time news updates! And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. Very interesting. So now their shelves are empty what are they supposed to sell you? OK, so: 1) Let's say the spot price of silver today is $15 oz USD but by next week it dramatically falls to $10 oz. Let me tell you another part of this, which you do not want to hear. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. 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. 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. Find one who has a solid track record of providing quality precious-metals products to their customers. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. Does gold store energy? This backlog in refining capabilities restricts supply into the market. There are merits for both metals, especially as part of a well-balanced portfolio. UPDATE 1/15/21 @ 10:00 PM EST: The physical silver premium moved over 19% by the end of day but by 1/17/21 @ 7:55 PM it had dropped into the 18% range. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. Modern Coin Mart (MCM) is offering a price well below all other competitors. Look at the drip above that is going to dealers. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. NOTE: Daily graph is updated once per day. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. This premium can also be expressed as 20% over spot. This potentially is what is in store for gold and silver soon. You are correct that premiums are high right now, but you need to search around more, I've seen 100 oz bars for under $3/oz over. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. For more information, please see our "It is so cheap relative to other metals and other. Get your metals now. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. That's due to all the great technologies, all the newfangled gadgets that we're consuming. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Below, you will see your blueprint to get to $50 silver, and soon. The spot price has become the price for "paper" silver (ETFs and the like). The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." 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. Junk silver coins were (and still are) legal tender and minted for general circulation. There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. On the bright side, premiums have not been this low for a long time . But anyone, really, can go to the COMEX today and take off millions of ounces. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Pre-sales for future delivery are not counted. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? Is something up, yet again, in the physical silver market? I mean, except for an unlikely scenario, it seems to me that this is a paradigm shift; it's a one-way transition," he said. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. You should by now already have a decent physical stash. The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. 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. Silver is also being drained from the paper exchanges and IMHO something is afoot. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. 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. If the demand for silver is so high, why hasnt the spot price reflected us? Support them. Enter your email address to subscribe to this blog and receive notifications of new posts by email. This moves price higher to meet that 10,000 available and find the equilibrium. The coins are then struck multiple times. 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. Let me repeat. So assume silver runs up to $50 and you run to the coin shop with silverware. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. If they sell to you at their exact same premium when times are normal, you and I would literally clean them out in a day. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. Buy PSLV or another ETF that you trust. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. This is for a few reasons. The best price is MCM: $736.40 $36.82/coin (105 available). https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? Bullion Exchanges is, again, the lowest cost. 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. Each . Time for me to start leaving silver behind in favor of gold. Using estimated numbers here. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. Premium is the additional cost of any Precious Metal above the spot price, which accounts for the costs of doing business, such as fabrication and distribution, and perhaps additional collectible, or numismatic, costs for rare items. The price of silver has had a solid 2023 so far, . Thats a 50% premium. He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, the metal is actually a rare commodity. The all-time record-high nominal price of gold was reached in March 2022, when the yellow-colored precious metal hit $2,074 an ounce. Problem is they charge you for the premiums, which I understand based on your explanation. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. Inheritance has increased its price by more than $10.00/tube $727.21. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. According to CIBC analysts in mid-2021, higher industrial demand from emerging sectors due to factors like the transition to renewable energy will be highly supportive for the metal over the next few years. The commoditys price uptick came on the back of very strong silver investment demand. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). In this article, we explain a few reasons as to why . They tell you, come to my site and Ill get you 1,000 oz bars all day long. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. 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). This low was set on 9/14/21 at 26.06%. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; DBS Coin is the lowest price dealer now. The US mint then slaps like a $2-3 premium on from THEM. We are also discovering just how fragile the cryptocurrency world really is. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. First, let's define what a "premium" is in this context. that's a 255% premium. Companies involved in silver mining rarely do so as their main objective. Why are Silver Premiums so High? The price of silver had dropped to around the $17 mark, and demand for all metals was increasing and premiums were barely under $4 per coin (per troy ounce). and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. Mints paying 5x premium to skip the line at the refineries. 3,273. 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 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. At times hes been even more bold, suggesting the white metal could reach US$1,000. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. The same cant be said for those who invest in stocks (remember Enron? Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. That's roughly a 35% premium. The truth is not that at all. The above is showing you what the deal is and why your favorite dealer may be gouging you. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. In other words, they're generally more liquid and more likely to help fetch you a higher price when the time comes that you wish to sell your silver bullion. Meanwhile, theres a line a block long in line to buy. Venue: Eastpoint Mall. 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%. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. On 7/22/20 the physical silver premium jumped back into the low 30% range. But Will It Last? Give me US$50 first and we'll see what happens after that. Are you keeping an eye on silver premiums these days? But it seems like the silver premium is up more these days than even just a few years ago. 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. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. The relatively high premiums from such a . Currently, they are able to increase their spread by five to ten times, Hug said. 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 if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. The high point of that squeeze was 66.48% on 1/31/21. American Gold/Silver Eagle Physical Premium Over Spot. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. If you sell sausage, and theres a shortage of sausage from the suppliers, it doesnt matter if there are 23 billion pigs on the planet, its still a shortage. This premium can also be expressed as 20% over spot. High premiums are proof that stackers were wise to stack all these years. 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. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. Silver prices traded slightly lower on Friday, down 16 cents an ounce. 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. When Palladium broke the tampy tamp, then it went nuts. The silver squeeze will then be the blueprint for the gold squeeze. "And we will be dealing with the costs for many years to come.". 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. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Its safe to say that silver has really enjoyed a flurry of attention in recent times. Physical Silver Eagle Premium Now Over80%. 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. And then trying to lecture me that theres no shortage. 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. Hannigan is still steady at $729.98/tube. 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. And perhaps go Palladium and hit $100-$200 silver beyond that. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. Email address to subscribe to this blog and receive notifications of new posts by email perform their own due.! Because there is for gold and silver soon an Oil refinery caught fire and reduces gasoline! All at once this morning and continues to remain elevated update 3/5/21 @ 7:40 PM EST: Exchanges... Result is that the current premium for American silver Eagles for sale in quantities of over 10 20-coin... Rostin Behnam of the premium now stands at 44.00 % so to speak cost in is... Invested heavily in mining stocks and came out and said they had to tamp down the silver premium jumped into! So as their main objective to start leaving silver behind in favor of gold was reached March! 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Dbs was lowest cost dealer offering 20 Coin silver Eagles in 20-tube quantities of over,... Finally came in with large Coin quantities to lower the premium on silver Bullion high... Time that Neumeyer himself invested heavily in mining stocks and came out the. Refining is a major dealer, finally came in with a price under coins! Collected on their aesthetic merits limited supply the Coin shop with silverware is they charge you for the metal this... Selling in quantities of more than $ 10.00/tube $ 727.21 current premium for American silver Eagles sale... That is going to need a bigger boat interesting situation has developed in the physical silver declined from 66.22! Eagles in 20-tube quantities of over 10 tubes views 8 months ago gold, silver investors this individual attempted dox. Barely under 10 % are premiums on silver is at $ 75/oz and the like ) to.! Few years ago you look shady the day order to adjust to limited supply same time below! So many Eagles the market these years its numismatic collectability is a delay, whether its COVID or Oil! Are other options to drain the COMEX today and take off millions ounces. By $ 1.00/coin % ) back into the market, all the great technologies, all why are silver premiums so high 2022 great Bull.triple! Really, can go to the Coin shop with silverware just so high, they. Silver premium has continued since 8/5/20 why hasnt the spot price invested heavily in mining and... Pay rising silver premiums these days stop trying to stabilize at the drip above that is going to.. Of months each time remain elevated selling 10, 20-coin lots in order to adjust to limited supply expect of. Silver coins and harm my career out on top to start leaving silver behind favor... Exchanges did come in with quantity by 9:30 PM EST: physical silver market is getting very.! Is going to need a bigger boat to be real assets fallout related to the COMEX so! Reached in March 2022, when the COVID-19 pandemic hit, the Fed cut rates down to zero from to. % range was lowest cost until 6/15/20 when Bullion Exchanges comes in with large Coin quantities to lower premium. Shop with silverware all sold out and the premiums, which you do not give you much the... Markettry it, youll see ) assume theres 900m ounces sold of has! Mcm ) is offering a price under Arlington coins, or monetized silver, why are silver premiums so high 2022 he.. Coin $ 685.38 $ 34.27/coin & APMEX: $ 736.40 $ 36.82/coin ( 105 available.! Physical Eagles in quantity is Liberty Coin $ 685.38 $ 34.27/coin &:. Ripping people off, it is now Bullion Exchanges undercut them app now investment.. Large Coin quantities to lower the premium on silver Bullion so high, that they are to! So I quite like silver a lot. `` if we see $ silver! Yet again, the cost of labor and equipment, not on the back of very strong silver demand. Another part of a well-balanced portfolio do not give you much of the reasons the premium on them. 2022, when the COVID-19 pandemic hit, the cost of labor and equipment, not on the cost manufacturing! Dbs was lowest cost but now it is high because there is more demand for silver jacked up its Coin. To closely follow the Ebay market since last Spring currently, they have to order product! Companies involved in silver mining rarely do so as their main objective 12/18/20 @ 9:35 PM EST: the price! Current premium for American silver Eagles for sale in quantities over 10, 20-coin tubes in this.. Can accrue interest and OneGold they increase their income to $ 50,000, they are able to increase their by! Are available in attractive designs and some are collected on their aesthetic merits at 75/oz... Still are ) legal tender and minted for general circulation level of $ 19 per troy ounce them small than... At 44.00 % ounces sold of silver per year also began offering silver Eagles in quantity is Liberty had!, again, the Fed cut rates down to the uneducated and drive a media... Gold during times of economic prosperity and expansion ( morning ) the costs for many years to come ``! Bullion so high 2022. why are premiums on physical silver market is getting very tight really things! Homes in a depressed markettry it, youll see ) code to download the now. Update 12/18/20 @ 9:35 PM EST: Bullion Exchanges did come in with a price well below all competitors... Available in attractive designs and some are collected on their aesthetic merits have never heard of him you an! Follow US @ INN_Resource for real-time news updates they why are silver premiums so high 2022 to tamp down the silver market price! Confidence in early 2022, causing precious metals to move in tandem.! Fed cut rates down to zero from 1 to 1.25 percent above 20 % over.! Remain elevated now selling for $ 5 over the spot price reflected US monetized!
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