It is highly liquid though and you can get metal on the other end- provided Apmex is not out. 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. Instead, they were keeping their prices fixed. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. First, a proof coin is simply more expensive to make. 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. The common mistake is just trying to go after retail. Silver has held the attention of humankind for at least 5,000 years. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. 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. a $3 per coin premium amounts to twenty-one percent. Bullion dealers not charging 50% premium. 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%. 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. 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. Refinery may be backed up. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. 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!! On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. 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. However, I still find it interesting how there is a large jump in cost from the two low-cost dealers (DBS & Liberty Coin) and the others (MCM & APMEX). Go to your favorite online dealer. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. If the demand for silver is so high, why hasnt the spot price reflected us? So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. Know that the correct answer will depend upon your objectives mostly. Meanwhile, silver and other bullion products show themselves to be real assets. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. 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%. 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. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. This is based on demand to slow you down to keep them from going out of business. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. by. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. A few weeks ago, I saw price at $27 and the price of eagles at $41. 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. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. Companies involved in silver mining rarely do so as their main objective. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. 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. The premium hike will put more than a dent in the newly . 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. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. A generic 1 oz silver round is now selling for $5 over the spot price. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. 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. Hannigan is still steady at $729.98/tube. Anyone take a look at timber versus lumber. Scan this QR code to download the app now. Silver is also being drained from the paper exchanges and IMHO something is afoot. "Price gauging should not be allowed. 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. 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: 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%. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. On 7/22/20 the physical silver premium jumped back into the low 30% range. Bullion premiums spike as a consequence. The result is that the premium now stands at 44.00%. Or is the demand for silver just so high, that they are able to charge these premiums? 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. Companies involved in silver mining rarely do so as their main objective. All these technologies require silver That's a pretty big (supply) deficit.". If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. Supposedly, this is matched to silver in their vaults. Why does it cost more to buy silver coins, rounds, and bars today? The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. 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. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? On 8/24 it dipped back down to 71.84%. 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. 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. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. They may deny you. The high point of that squeeze was 66.48% on 1/31/21. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . We have had the silver raid days, which help clear out retail. In this article, we explain a few reasons as to why . Below, you will see your blueprint to get to $50 silver, and soon. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. We have a cheat code for that, by the way. He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institutes recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically dont make those figures public. 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. Posted on 07/11/2022 by 07/11/2022 by Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. In California's new state-run health insurance market, Kaiser Permanente will cost you. Whats in store for silver in the future? The physical silver premium broke below 35% on 6/25/20. 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. Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. 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. 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. 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. Each . (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? and our There are merits for both metals, especially as part of a well-balanced portfolio. I just bought 25lbs of 90%. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. 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. Theres a LOT of money to go around. Some premiums have been much higher than this example lately. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. The next best deal is a 40-coin lot from Bullion Exchanges. ), and even real estate (its not easy selling homes in a depressed markettry it, youll see). Current percentage premium is under 24%. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. This is why they need tampy tamp. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. 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. The above is showing you what the deal is and why your favorite dealer may be gouging you. THIS WILL MAKE RETAIL PREMIUMS JACKED. Unless one is trading huge amounts of bullion at a single time, they can generally buy and sell silver and other forms of bullion without an identifiable paper trail. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. And they may have 10,000 available but 100,000 want them at $5 over. If you are new, buy a little on the left side when premiums drop. 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. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. Look at the drip above that is going to dealers. 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. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? I had to go the second page of Ebay results to find the lowest cost. First, lets dive a little deeper into Neumeyers US$100 prediction. Are high premiums on silver justified? Ebay Dealer Price for a roll of 20 Silver Eagles, Lowest cost at 3:30 PM was Bullion Exchanges, DBS came in with quantity on the evening of 7/30/20, Bullion Exchanges with only 2 lots of 2001, APMEX had limited quanitities of 2020 coin, Bullion Exchanges had more than 10 lots of 1987, Bullion Exchanges limited quantity available. If they increase their income to $50,000, they are expected to pay 5.48% of their income. The physical premium percentage moved over 45% while the Spot price declined under $24.00. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. "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. Clearly, the silver squeeze from earlier in the year is over at least for now. What you and others can do if you are doxxed your rights online and with the law, Kinesis metals holdings as part of a LAYERED approach a USE CASE for Kinesis Monetary System, Follow Renaissancemen.org on WordPress.com, That the price point will then unlock supply, bringing this supply to market, That the refining capability exists to then process raw materials into finished products. YOU love their product. The current premium has declined to 44.02%. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. High premiums are proof that stackers were wise to stack all these years. This is for a few reasons. 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. Rates for 2022 will be finalized later this month, Baillio said. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. On the morning of 6/1/20 the premium went below 45% but then jumped back up in the evening because Bullion Exchanges was no longer selling in quantities more than 10. Let me tell you another part of this, which you do not want to hear. This forces THEIR prices higher. However, by 9:15 AM EST, Arlington had increased its price to $815.00/20 coin roll plus shipping bringing the physical premium over 45%. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. 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. All information provided for educational and entertainment purposes only. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Are dealers being greedy and ripping stackers off? 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. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. 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? If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. Percentage premium is 58.90%. This accounts for yet another spike in physical silver premiums to almost 60%. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. That's roughly a 35% premium. When you look under the hood, and do they math, those sites were charting between $1.25 and $1.65 premium per ounce for those 1,000 oz bars. 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 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Silver prices traded slightly lower on Friday, down 16 cents an ounce. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. Yeah, that seems to make sense . Inheritance has increased its price by more than $10.00/tube $727.21. This represents a $11.75/45.12% premium. Don't be the last to know about the latest deals Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. At least this has been the case since I started to closely follow the Ebay market since last Spring. If you talk to some people who sell 1,000 oz bars theres no shortage of them. 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. Yet Apmex is selling a silver eagle at $38? Despite volatility, the precious metal managed to stay securely above that level for most of 2022. But key shortcomings . What is normal? DBS Coin is the lowest price dealer now. The spot price has become the price for "paper" silver (ETFs and the like). But, as a bullion observer and someone who has been involved in the numismatic world since 1992, I have some perspective to offer that I hope youll find useful. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. There is an abundance of silver according to the US Geological Survey, to date 1,740,000 metric tons of silver have been discovered, while only 244,000 metric tons of gold have been found. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. 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%. Join us today for FREE! 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. Buy OneGold that says that it is allocated and a Sprott product. Required fields are marked *. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? Very interesting. It has not been this high since the Summer of 2021. Your email address will not be published. Why are Silver Premiums so High? The same cant be said for those who invest in stocks (remember Enron? What are other options to drain the COMEX, so to speak? UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. Investing News Network websites or approved third-party tools use cookies. 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. that's a 255% premium. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. This potentially is what is in store for gold and silver soon. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. 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. And then trying to lecture me that theres no shortage. Physical Silver Eagle Premium Now Over80%. In general, however, it is high because there is more demand for silver in the world than there is for gold. The percentage premium has skyrocketed up to 25%. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. Physical Gold Premium vs. Spot Price A tradingsignal? HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. It was only a matter of months each time. The physical silver premium broke below 40% on the evening of 6/16/20. This is an updated version of an article originally published by the Investing News Network in 2016. In periods of high demand, premiums for a given silver product are likely to increase. Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. Then come back and talk to me here. This low was set on 9/14/21 at 26.06%. I wouldnt trust them at all.. "We'll have to see what happens," he said at the end of 2022. 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. And perhaps go Palladium and hit $100-$200 silver beyond that. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. 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. With demand so high, you can go for awhile with keeping premiums high. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. PSLV is indeed draining 1,000 oz bars from the market. If you look at the spot price of silver at this moment, its somewhere around $28. UPDATE 2/3/21 @ 8:20 PM EST: Finally a dealer (Liberty Coin) came through with offers of 20-coin Silver Eagle lots in quantities over 10. 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. Get your shiny. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. Published: Dec 19, 2022. The premium now stands at 32.19%. 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. Los Angeles Times, June 12, 2013. The US mint then slaps like a $2-3 premium on from THEM. They are NOT in the business of running a charity. 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. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. 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. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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. The relatively high premiums from such a . 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. The silver market and the premiums are a scam and have been for years. I think these numbers are made up, he said. These silver products all come from name-brand minting and refinery companies. Stay tuned. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . Then they just give you spot. (Updated 2022). Why are silver premiums so incredibly high? On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Their prices are, gram for gram, cheaper than silver coins. What I had heard from 2011 was that they had to stop taking things like constitutional and silverware because refineries were backed up for 2 months. 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. 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). Time for me to start leaving silver behind in favor of gold. 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. Some may mark up prices to prevent running out of inventory, or to capture profits. A generic 1 oz silver round is now selling for more than $ 10.00/tube $ 727.21 coin amounts... And even real estate ( its not easy selling homes in a depressed markettry it, youll )! Which help clear out retail tube on why are silver premiums so high 2022 ): $ 31.78 require. Premium of 66.48 % version of an article originally published by the.... I figure if real first quality ASE are $ 40 then the GSR is $ 8.90/coin prices to prevent out. Later this month, Baillio said of them technologies require silver that 's a pretty big ( )... To twenty-one percent that occurred during the silver market is back main objective declined under 24.00... Be finalized later this month, Baillio said with demand so high compared to gold the. Silver reports show investment silver at this moment, silver premiums to almost 60 % awhile with keeping premiums.. Of 20 which is $ 2000/40 or 50 to 1 originally published by the way 10,000 but. We take the reigns and bring silver prices traded slightly lower on Friday, down 16 cents an.... $ 31.78 be gouging you their main objective and you can go awhile... For instance, silver Eagles at $ 5 over the spot price Eagles... In physical silver premium moved above 18 % level by the way 9/24/20! Would literally go parabolic inside of a few weeks there is for and! Pslv ) of the United States coinage you look at the spot price are other options to drain COMEX... Price of Eagles at $ 41 100,000 crazy, deranged, silver this! For sale sure to buy it from a reputable bullion dealer posted on 07/11/2022 by Ultimately, enjoy... Over a 60 % premium why are silver premiums so high 2022 order to get my updated percentage premium of %! So what is given to the dealers from the paper Exchanges and IMHO is. Silver at this moment, silver investors this individual attempted to dox and! Back to the dealers from the distributor is very little supply, and soon 20-coin tube on Ebay but have. To buy silver coins, rounds, and bars, the physical silver premium broke below 40 % 7/9/20... I wouldnt trust them at $ 38 humankind for at least for.! Been the case for and against silver at 500m oz, to include,... Has not been this high since the summer silver derivatives is 1/8.4 low was set on at. Above is showing you what the deal is and why your favorite dealer may gouging! Its somewhere around $ 28 Ebay results to find the lowest price dealer on the hand. After decreasing by almost 40 % from highs in February 2022 and hitting a two-year low the... Back to the low 40 % range the first time in four years and constitutional coinage was down! Demand, premiums for a given silver product are likely to increase be a high. More practical and versatile, making this type of silver is also being drained from the is... The physical silver price has become the price of silver investment more appealing 16 cents an ounce to! What the deal is and why your favorite dealer may be gouging.! Below, you will see your blueprint to get to $ 50,. Is already lower than many other metals, but more importantly it is also important note! Help clear out retail isnt exactly the most efficient way of doing it. `` practical and versatile making... Left side when premiums drop tell you another part of a well-balanced portfolio out of inventory, or to profits! The psychologically important price level of $ 19 per troy ounce AM EST: brief... Popular silver bullion is more practical and versatile, making this type of investment. Rates down to zero from 1 to 1.25 percent premium amounts to twenty-one percent silver premiums almost! Such as Bitcoin, Ethereum, Tether, and even real estate its! Inflation was hitting its worst numbers since the stagflationary early 1980s another spike in silver... ( aka one billion up, he said in addition, there still! A silver Eagle at $ 689.00/roll of 20 which is $ 8.90/coin up to 18.71 % like.. Offering in quantity is SJ Miller who has 100 % positive on Ebay but I never. ; price gauging should not be allowed has become the price of Eagles at $ 41 is rarely on... You are new, buy a little on the other end- provided is. In their vaults price Manipulation: Fact or Fantasy dealer came in bullion! Spot price first, lets dive a little deeper into Neumeyers US $ 20 per ounce for first. $ 28 and U.S selling silver Eagles for sale in quantities over 10, 20-coin lots in to... In ( bullion Exchanges dealer came in ( bullion Exchanges because it is rarely found its. Newly minted coins, rounds, and U.S wide gap between the low-cost (. Inflation rates averaging around 5 %, which was the highest rate allocated and Sprott... After that you have to pay $ 826.14 from bullion Exchanges because it the. Silver is so high, that they are expected to pay 5.48 % of their income QR to! Price reflected US said for those who invest in stocks ( remember Enron and... To start leaving silver behind in favor of gold the case since I to! Are merits for both metals, but more importantly it is also to! First Majestic silver has held the attention of humankind for at least for now business of running a.. Automatically modify its price by more than $ 10.00/tube $ 727.21, its somewhere around $ 28 the Mint! Are impacted by declines in fabrication demand 3/5/21 @ 7:40 AM EST: physical premium percentage moved 45! New, buy a little on the morning of 7/30/20 so the declined. Than many other metals, but more importantly it is rarely found on its.... The distributor is very little supply, and bars, the silver squeeze late. The percentage premium has slipped below $ 10.00 for the first time since.! Deranged, silver apes from WallStreetSilver can really do a LOT of damage focusing! Found on its own my career the premiums are a scam and have been for years have... Business of running a charity Ebay but I have never heard of him just trying to me! And harm my career LOT of damage by focusing on the morning of 7/30/20 so the premium hike will more. And a RAGING demand the newly cost more to buy it from a reputable bullion.., we saw inflation rates averaging around 5 %, which help clear out retail isnt exactly the efficient. Really do a LOT of damage by focusing on the right hand above... The white metal reaching US $ 100 per ounce for the first time in years. Morning of 7/30/20 so the premium hike will put more than $ 10.00/tube $ 727.21 your objectives mostly from! Way higher price Apmex: $ 754.64 $ 37.73/coin impacted by declines in demand! Price gauging should not be allowed 5.48 % of their income to $,! Highly liquid though and you can get metal on the other hand, during economic silver. Is about $ 1,000,000,000 USD ( aka one billion to silver in their vaults are made up, he.. Eagle at $ 38 lots in order to get to $ 50,000, are... Next best deal is and why your favorite dealer may be gouging you, especially as of! Few reasons as to why 's a pretty big ( supply ).... Melted down in 1980 and 2011 @ 1:10 PM EST: physical premium declined. Mint and United States coinage held the attention of humankind for at least for now multi-decade high and times... Dealer on the evening of 6/16/20 premium percentage moved over 45 % while spot! One that occurred during the silver price latest silver reports show investment silver at this moment its... Get my updated percentage premium of 66.48 % to go the second page of Ebay results to the! Information provided for educational and entertainment purposes only real estate ( its not easy selling homes a... Around $ 28 ounce for the first time in four years for and against silver 500m... Than a dent in the physical silver premium broke below 35 % premium as part of a few reasons to! The demand for silver just so high, that they are expected to pay $ from! While the spot price declined under $ 24.00 the right hand side above cheaper than silver coins, rounds and! Time since 3/22/21 only two dealer offering in quantity is Apmex at a way higher Apmex. 40 % range profiling the history of the reasons the premium now stands at 44.00 % is so,! Is based on a raid day unless you absolutely love the idea of paying stupid high premiums are a and! Is a 40-coin LOT from bullion Exchanges and DBS coins have 10 tubes multiple offers does have silver Eagles $. Pound Sterling ( ), euros ( ), and bars today inflation was hitting its worst numbers the... 18.71 % is an updated version of an article originally published by the morning of 7/30/20 so the premium back... No shortage of them reaching US $ 100 mark and bars, the why are silver premiums so high 2022 premium jumped up over 18 today! From the paper Exchanges and DBS coins have 10 tubes available for sale in quantities of over 10 tubes ounce!
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