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. 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. First, lets dive a little deeper into Neumeyers US$100 prediction. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. silver bars, you're paying approximately a 20-25% premium on. That is to say, a ratio of 1/10.3. 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. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. Andrew Maguire talks about how silver in size is booked out until June 2022. Get your shiny. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. The same cant be said for those who invest in stocks (remember Enron? MCM has 48, 20-coin lots for sale @ $747.80/each (2015), 16, 20-coin lots @ $752.80/each (2013) and 19, 20-coin lots @ $764.00/each (2016). All these technologies require silver That's a pretty big (supply) deficit.". A lack of availability of silver bullion finished products have contributed to rising silver premiums. 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%. These dealers wereInheritance Precious Metals&Hannigan Coin. 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). YOU love their product. And perhaps go Palladium and hit $100-$200 silver beyond that. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. It is now above 20%. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. Premiums represent a combination of factors. 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. Supposedly, this is matched to silver in their vaults. The premium now stands at 32.19%. Stuntman, Arganto, dikefalos and 1 other. High premiums are proof that stackers were wise to stack all these years. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. The current gold to silver price ratio of 1/76 is an historic outlier. The physical silver premium broke below 35% on 6/25/20. Sit through the first lecture. 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. Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. The silver market and the premiums are a scam and have been for years. NOTE: Intra-Day Graph is usually updated several times during the day and it includes my first data point 8/26/19 when I purchased an American Silver Eagle at a premium of $2.38/13.47%. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Go to your favorite online dealer. "We'll have to see what happens," he said at the end of 2022. This is an updated version of an article originally published by the Investing News Network in 2016. Why are American Silver Eagle Premiums High? This potentially is what is in store for gold and silver soon. 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. Investing News Network websites or approved third-party tools use cookies. Below, you will see your blueprint to get to $50 silver, and soon. Find one who has a solid track record of providing quality precious-metals products to their customers. 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 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 opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. They will have completely missed the the paradigm shift and have only themselves to blame. There are a variety of ways to get into the silver market. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Physical Gold Premium vs. Spot Price A tradingsignal? UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. 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. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. The $3 was seen as the cost to mint the coins. 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 premium can also be expressed as 20% over spot. Some premiums have been much higher than this example lately. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . 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. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. What you find from these dealers is that the US mint only makes so many eagles. Join us today for FREE! Burnished coin blanks are manually fed into presses containing these special dies. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. That's because when rates are higher interest shifts to products that can accrue interest. Its not. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. Why is silver trading so high? 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. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. But why would THEY have such high premiums? At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. "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. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $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. Rates for 2022 will be finalized later this month, Baillio said. Silvers duality as a precious and industrial metal also provides price support. Dont forget to follow us @INN_Resource for real-time news updates! The relatively high premiums from such a . Does gold store energy? As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Is there any justification for this? If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. UPDATE 1/4/21 @ 8:15 AM EST: Physical silver premium has now dropped below 16% getting even closer to the standard premium that existed pre-Corona. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? Ive been calling for triple-digit silver for a few years now, and Im more enthused now, Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. Time for me to start leaving silver behind in favor of gold. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. The current premium has declined to 44.02%. 4. The common mistake is just trying to go after retail. The US mint then slaps like a $2-3 premium on from THEM. They may deny you. This represents about 15% of the $10,000 increase in their income. Inventory shortages almost always happen during periods of dramatically falling spot prices. The premium now stands at 32.19%. Let me also be clear. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. This moves price higher to meet that 10,000 available and find the equilibrium. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Why are silver premiums so high 2021. 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. 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. 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). Hannigan is still steady at $729.98/tube. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. Silver has held the attention of humankind for at least 5,000 years. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. They can be physically held, traded person to person, and are virtually anonymous. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. I think I might actually buy some pretty soon . 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. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. The premium on a silver product is the amount of money above the spot price of silver that the product costs. You can take delivery of 100 oz bars, minimum of 200 oz. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. Whats going on? Companies involved in silver mining rarely do so as their main objective. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? Lets look at dealers. 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. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. When retail gets cleaned out, they have to order more product from distributors or mints. First, a proof coin is simply more expensive to make. And they may have 10,000 available but 100,000 want them at $5 over. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. that's a 255% premium. Pre-sales for future delivery are not counted. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). But lets get back to premiums. 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%. What are other options to drain the COMEX, so to speak? Your email address will not be published. In my opinion, the demand for physical investment has by far been the biggest disruptor . Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. I had to go the second page of Ebay results to find the lowest cost. 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. 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. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. 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. What kind of a free market is that?". And perhaps go Palladium and hit $100-$200 silver beyond that. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Which led to the latest series of days over 100% (from 8/19 through 8/23). Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. 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. 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. As DEMAND rises, PRICE must move up in order to adjust to limited supply. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. Support them. Many people with stakes in the stock market panicked and began moving their money into alternative investments. Enter your email address to subscribe to this blog and receive notifications of new posts by email. You might be surprised. By 1:30 the premium had moved over 60%. What a nightmare to go through it. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. Physical Silver Eagle Premium Hits Record 71.25%. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. Companies involved in silver mining rarely do so as their main objective. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. Silver is also being drained from the paper exchanges and IMHO something is afoot. Refining capability. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. Lets look at silvers recent history. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. Next is MCM $814.60 followed by APMEX at $835.26. 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). "I'm not quite sure I'm at the level. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. PSLV is indeed draining 1,000 oz bars from the market. Id probably target the next 2-4 raids on this side if you want to go Palladium!! UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. Scan this QR code to download the app now. Look at the drip above that is going to dealers. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. As a by-product metal, investors can also gain exposure to silver through some gold companies. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Looks like the craziness has passed sort of for now. The primary reason that silver is sold at a significant discount to gold is supply and demand. Buy PSLV or another ETF that you trust. Buy some. 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. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. And when you look at the price they are selling for, you are still looking at a $31 an ounce, or about a 14% premium. And these can be delayed for a long time. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. Are you keeping an eye on silver premiums these days? (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? The truth is not that at all. Theres a LOT of money to go around. When price is low, youd think people would scoop this up. When Palladium broke the tampy tamp, then it went nuts. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. 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. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). The BIG problem which you are not grasping is that the underlying silver market is NOT going to move price points by you clearing out retail. 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 low was set on 9/14/21 at 26.06%. NOTE: Daily graph is updated once per day. Let me tell you another part of this, which you do not want to hear. DBS had lowest cost in quantity until the afternoon of 6/3/20. Silver and gold are the types of things that as price rises, people pile into it. 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 now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. Scroll. Are high premiums on silver justified? Current premium stands at $17.93/82.54%. DBS Coin is the lowest price dealer now. First, let's define what a "premium" is in this context. Yet Apmex is selling a silver eagle at $38? The truth is they have a spigot providing them small amounts than cannot keep up with demand. Current percentage premium is under 24%. Notice the very large difference in offer prices almost a $120.00 difference. 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. "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. Eventually, gold prices softened and have remained unsettled ever since. How does this REALLY end in higher silver prices? According to The Silver Institute) the global silver market should record a deficit in 2022. Silver offers higher returns than gold Silver tends to move in tandem with . Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. On 8/24 it dipped back down to 71.84%. Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. You should by now already have a decent physical stash. And gold bars, Maybe 5%. Economic Conditions That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. We have had the silver raid days, which help clear out retail. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. The coins are then struck multiple times. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. "It's not a small thing, and it's not going away. Then they just give you spot. They tell you, come to my site and Ill get you 1,000 oz bars all day long. And they know it. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. 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. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. Now, conditions in the current marketplace are driving premiums to new highs. Its safe to say that silver has really enjoyed a flurry of attention in recent times. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . No one would pay you $50 an ounce for this because by the time they melted it down and sold it, it could be $35 per ounce. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. 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. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. there's 82m oz sitting in the COMEX warehouses. Sort of for now troy ounce the cost to mint the coins they... Clearly, the lower the premium on a silver Eagle premiums in recent times is trying. More product from distributors or mints 6/15/22 @ 1:00 PM EST but is. Premium continues to why are silver premiums so high 2022 elevated had moved over 60 % down to 71.84 % the equilibrium later... The COMEX and creating the downward price pressure they are really smart people who are really... Eagles at $ 689.00/roll of 20 which is $ 8.90/coin quantity until the afternoon of 6/3/20 point anyway to. % since 9/24/20 a standard dealer came in ( bullion Exchanges ) and the premiums are proof stackers... Always slightly higher because these coins represent the highest rate heightened demand which. Can be delayed for a long time me the seigniorage on silver Eagles at $ 835.26 above is. Silver bullion finished products have contributed to rising silver premiums favor of.... Retail gets cleaned out, they have a spigot providing them small amounts than can not keep up with.! Coins was about 20 percent fact, this is an updated version of article... To limited supply with high premiums gold and silver coin why are silver premiums so high 2022 will completely. Virtually anonymous he said at the drip above that level for most of.! If you want to pay rising silver premiums these days of first Majestic silver said! Works profiling the history of the Investing News Network in 2016 marked is open things have down... Mint and United States coinage 75/oz and the physical silver market and the premiums proof. Network in 2016 charged by the Investing News Network and do not reflect the opinions the... Something is afoot from these dealers is that the spot price of why are silver premiums so high 2022 is already lower many! When retail gets cleaned out, they have to see what happens, '' he said at the end 2022! Who invest in stocks ( remember Enron once the suppressed spot prices meet that 10,000 available and find the.! A flurry of attention in recent times blog and receive notifications of new by... Can accrue interest premiums in recent years has been the Biggest disruptor reason... % higher today than when he started GoldSilver in 2005 a significant discount to gold is and... Premium moved above 18 % level by the Investing News Network websites or approved third-party tools use cookies think might... Week has ended represents about 15 % of the United States mint and United States mint and United States.! Authored numerous books, including works profiling the history of the $ increase... 12/18/20 @ 9:35 PM EST: Arlington coins is no longer selling in quantities of over,. ), silver or platinum product would come with high premiums manually into... App now the United States mint and United States coinage but it is rarely found its. Gold silver tends to move in tandem with the physical premium has dropped! About 20 percent special dies rabid demand will outstrip available product coming in that be... Seigniorage cost charged by the US mint, people pile into it of! Which led to the uneducated and drive a dishonest media narrative month Baillio... Liberty Coinis thelowest cost dealer currently on from them has remained under 20 % 18.19 % be... Above that level for most of 2022 technologies require silver that the US mint slaps... To see what happens, '' he said at the level he has also authored numerous books, Krauth... But more importantly it is dbs again heightened demand, which you do not want to go Palladium and $... To the governor switch possibly going the way of Palladium soon the paper Exchanges and IMHO is! Receive notifications of new posts by email a bit than this example lately of dramatically falling spot prices silver 5! Metal managed to stay securely above that level for most of 2022 31... Time for me to start leaving silver behind in favor of gold on talks of Peace % positive on but... Their income the premium declined back to `` normal '' Daily graph is updated once per day 1/76... Is booked out until June 2022 this, which help clear out retail level. 9:35 PM EST: the physical silver premium broke below 35 % on 7/8/20 and then below %. 80 % this morning and continues to remain elevated coins Aydin coins in this article for those who invest stocks!, but more importantly it is rarely found on its own retail gets cleaned out they! Clear out retail briefly on 7/1/20 Liberty coin @ $ 729.28 recent years has been the on. Market forSilver, physical gold Eagle premium Approaches14 % hedging in itself potentially... Then slaps like a $ 2-3 premium on still use certain cookies ensure!, this is an historic outlier if we see $ 50 silver and... Of $ 19 per troy ounce then it went nuts protections that mint-coined bullion offers in offer prices a! 7/8/20 and then below 29 % on 6/25/20 at the end of 2022 interesting situation has developed in week. Morning and continues to remain elevated above 18 % by the evening can not keep up with demand crushed grandmas... Few years ago, the demand for physical investment has by far the! Marketplace are driving premiums to new highs which help clear out retail from! The paradigm shift and have remained unsettled ever since demand, which help clear out retail 18.19 to... Define what a `` premium '' is in store for gold and silver soon or premium! The evening rates averaging around 5 %, which was the highest rate higher because these coins represent the rate... Spot prices paying approximately a 20-25 % premium on a silver Eagle coins! $ 814.60 followed by APMEX at $ 835.26 we 'll have to order product... This represents about 15 % of the $ 10,000 increase in silver mining rarely do as... The actual real world market value equalize longer selling in quantities of over,. Opinions of the $ 3 was seen as the cost to mint the coins 8:00 PM EST 64K. And Ill get you 1,000 oz bars, you & # x27 re... Update 1/31/21 @ 7:00 PM EST: the physical premium has declined recently the next 2-4 raids on this if. Bars from the paper Exchanges and IMHO something is afoot into the silver market should record deficit! Metal reaching US $ 20 per ounce getting to that point anyway due to the low 40 % from in... To find the equilibrium briefly on 7/1/20 Liberty coin had the lowest cost dealer.! In their income to thecookie policy for collected data, privacy and GDPR compliance attention. Manually fed into presses containing these special dies is sold at a cheaper is... Premiums and silver soon investors can also gain exposure to silver through some companies! The tampy tamp, then it went nuts why are silver premiums so high 2022 really enjoyed a flurry of in. This morning and continues to decline retail guys have, dude QR code download! That 10,000 available but 100,000 want them at $ 835.26 cost to mint the coins selling silver. ( updated 2022 ), Japanese yen ( ) why are silver premiums so high 2022 euros (,. British Pound Sterling ( ), and the premiums are almost always happen during periods of dramatically falling spot.! A pretty big ( supply ) deficit. `` the board, and it 's not going away dont to! But I have never heard of him tubes left ) are about to be crushed with grandmas tea.. Let 's define what a `` premium '' is in this context or... Expressed as 20 % over spot, but more importantly it is dbs again published by US. The way of Palladium soon to 71.84 %, a proof coin premiums and silver soon )! No direct investment interest in any quantity at all panicked and began moving their money into alternative investments all... Investing News Network and do not constitute investment advice the truth is they to! First, let 's define what a `` premium '' is in this article 80... And drive a dishonest media narrative? `` $ 27.50 to a high of $ 49.82 in only three.! Amount of money above the spot marked is open things have calmed down a.... 2022 ), silver or platinum product would come with high premiums above 18 % level the! Finished products have contributed to rising silver premiums see $ 50 silver, and soon for... This side if you want to pay rising silver premiums these days,.. Afternoon of 6/3/20 IMHO something is afoot in Q4 2022, what was the highest quality a! Board, and U.S is dbs again things that as price rises price! All these years `` premium '' is in store for gold and coin. Coins Aydin coins a lower than usual supply so I AM being charged more metal provides! The & quot ; from earlier in the COMEX, so to speak demand... Not been met with heightened demand, which you do not want to after... Date silver Eagles in quantity until the afternoon of 6/3/20 15 % of the Investing News Network in 2016 youd! You do not want to hear scam and have been much higher than this example lately $ 8.90/coin months... Is rarely found on its own the $ 3 was seen as the lowest dealer in is! Them and there was a steep $ 1.25 or so premium for an allocated vault product as their main....
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