I finally found Bullion Exchanges selling 40 coins. This low was set on 9/14/21 at 26.06%. So I quite like silver a lot.". Electric vehicles, solar panels, windmills, you name it. 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. Mints paying 5x premium to skip the line at the refineries. Clearly, the silver squeeze from earlier in the year is over at least for now. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. 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. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. This represents about 15% of the $10,000 increase in their income. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . In August 2020, the price of silver reached nearly US$28.50 before pulling back again, and moved back up near those heights in February 2021. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Is there any justification for this? Buy PSLV or another ETF that you trust. Are you keeping an eye on silver premiums these days? UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. Why are American Silver Eagle Premiums High? UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. The next best deal is a 40-coin lot from Bullion Exchanges. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. Assume theres 900m ounces sold of silver per year. 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. Enroll in economics 101. 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%. The bullion content is guaranteed by these longstanding names. That's roughly a 35% premium. Rollover Your IRA to Silver - LEARN MORE Gold and Silver - Why Every Prepper Must Own It Owning gold and silver as a Prepper can be the lifeblood of your survival. The $3 was seen as the cost to mint the coins. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. Using estimated numbers here. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. 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. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. If you are new, buy a little on the left side when premiums drop. UPDATE 3/22/21 @ 2:20 PM EST: None of the low-cost dealers (like Liberty, DBS and Bullion Exchanges) are offering silver eagles in quantity any longer. If you want to take down Darth Vader, youre going to need a bigger boat. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). This is why the premium on physical silver declined from its 66.22% high earlier in the day. "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. While not all silver market watchers anticipate a triple-digit silver price in the near future, there is support for Neumeyers belief that the metal is undervalued and that ideal conditions are present for silver prices to rise., Many are on board with Neumeyer in the idea that silver's prospects are bright, including Peter Krauth of Silver Stock Investor, who believes that "we are very likely going to experience the greatest silver bull market of our generation.". make money in the event you clean them out and they have no products to sell for weeks or months. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. These silver products all come from name-brand minting and refinery companies. by. Time for me to start leaving silver behind in favor of gold. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. On 7/23/20 the physical silver premium went back into the 40% range. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. This leads to increased buying and selling, and bullion sellers react accordingly. Today the premium hit 71.05%. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. Looks like the craziness has passed sort of for now. Instead, they were keeping their prices fixed. And then trying to lecture me that theres no shortage. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. When price is low, youd think people would scoop this up. Some premiums have been much higher than this example lately. At $28, no one is likely to run to the coin shop with grandmas silver. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; After that initial move is complete, further fallout related to the. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. 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 cheapest 500g coffee I can find is 6.75. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Pre-sales for future delivery are not counted. This may have something to do with what is happening on the Robinhood platform. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. 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. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. INN - Investing News , Is Silver a Good Investment? Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Meanwhile, silver and other bullion products show themselves to be real assets. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. It was only a matter of months each time. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. Don't be the last to know about the latest deals On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. Using estimated numbers here. Know that the correct answer will depend upon your objectives mostly. 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. Bullion Exchanges is, again, the lowest cost. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. 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. They can be physically held, traded person to person, and are virtually anonymous. 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%. The spot price of coffee at the moment is 1.90 per lb (500g ish). The high point of that squeeze was 66.48% on 1/31/21. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. 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. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. THAT is in 1,000 oz bars. 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. And for that, please take a look at the three options I mention above. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. The current premium has declined to 44.02%. Consider whats happening over the last several months, though. It is now above 20%. 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 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. . Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. The primary reason that silver is sold at a significant discount to gold is supply and demand. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. 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. ), cryptocurrency (dont forget FTX! Then they just give you spot. silver bars, youre paying approximately a 20-25% premium on. In other words, their investment dollars will never completely vanish. Or is the demand for silver just so high, that they are able to charge these premiums? Available supply is not the same as supply. More recently, the huge economic impact of the COVID-19 pandemic and Russia's war with Ukraine have been major sources of concern for precious metals investors. 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%. All other standard dealers do this. In general, however, it is high because there is more demand for silver in the world than there is for gold. 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. 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. In this article, we explain a few reasons as to why . Current percentage premium is under 24%. Whats going on? UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Go down to a community college. . (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? 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. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Now it is Liberty Coin. "It is so cheap relative to other metals and other. So as an investor, what are you to do about this? Aydin Coin is a lower cost dealer but only has 10 tubes available at $642.40, which amounts to $32.12 per coin or a 67.20% premium. DBS had lowest cost in quantity until the afternoon of 6/3/20. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. silver bars, you're paying approximately a 20-25% premium on. Published: Dec 19, 2022. Some may mark up prices to prevent running out of inventory, or to capture profits. Why are silver premiums so high 2021. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. 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. Posted on 07/11/2022 by 07/11/2022 by 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. You can take delivery of 100 oz bars, minimum of 200 oz. 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. They just keep raising it, and over time that increase has been fairly substantial. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. 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. Scan this QR code to download the app now. Let me repeat. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. Thats a 50% premium. There are no shortage at the timber level, but refining it into lumber is the bottleneck. The result is that the premium now stands at 44.00%. Refinery may be backed up. If you look at the spot price of silver at this moment, it's somewhere around $28. 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!! 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. "Last time we got near US$30, very close to it. Why are silver premiums so incredibly high? Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. In California's new state-run health insurance market, Kaiser Permanente will cost you. 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. What are other options to drain the COMEX, so to speak? You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. If you want $100 and $200 silver, look at the chart above. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. That's due to all the great technologies, all the newfangled gadgets that we're consuming. 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. Whats in store for silver in the future? UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. Refining capability. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. For more information, please see our 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. Buy OneGold that says that it is allocated and a Sprott product. The spot price has become the price for "paper" silver (ETFs and the like). The above is showing you what the deal is and why your favorite dealer may be gouging you. 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. But key shortcomings . "Once silver gets above US$33 and it stays there for three or four days or better yet, even two or three weeks there's not much holding it back to hit US$50 again," he said at the time. Hannigan is still steady at $729.98/tube. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. 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. The physical silver premium broke below 35% on 6/25/20. 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. Let me translate. The increased demand has thus pushed silver premiums to higher levels. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. The supply cannot keep up with demand due to refining constraints. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. You should by now already have a decent physical stash. We will see how long it lasts. 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. Economic Conditions UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Remember at the same time those who deal with 1,000 oz bars are telling you theres no shortage, come here and they have 5-16x higher premiums than normal. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. 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. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . This forces THEIR prices higher. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. 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. A few weeks ago, I saw price at $27 and the price of eagles at $41. Buy some. Percentage premium is 58.90%. Their prices are, gram for gram, cheaper than silver coins. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. Silver prices traded slightly lower on Friday, down 16 cents an ounce. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. 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. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. 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. UPDATE 3/12/21 @ 2:10 PM EST: Silver Eagles are getting a bit harder to source as Liberty Coin no longer has any offers and MCM has only one offer. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. Are high premiums on silver justified? Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. Sit through the first lecture. 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. Give me US$50 first and we'll see what happens after that. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. Privacy Policy. Why does it cost more to buy silver coins, rounds, and bars today? In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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 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. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. By the afternoon of 7/30/20 the premium skyrocketed to over 60% because all of the low-cost dealers were selling in quantities of fewer than 10. 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. Is there any justification for this? 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. and our "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. Watch on Black Friday is now Silver Friday thru December 23, 2021! DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. There are a few different threads here where we have discussed this in more detail. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. A generic 1 oz silver round is now selling for $5 over the spot price. Dont forget to follow us @INN_Resource for real-time news updates! The premium now stands at 32.19%. Stay tuned. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. 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%. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. 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%. 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. 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. Stuntman, Arganto, dikefalos and 1 other. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? But they do not give you much of the premium when you sell it back to them. Let me tell you another part of this, which you do not want to hear. The US mint then slaps like a $2-3 premium on from THEM. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. And perhaps go Palladium and hit $100-$200 silver beyond that. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. Now, conditions in the current marketplace are driving premiums to new highs. Los Angeles Times, June 12, 2013. fretboard, Feb 10, 2021. But it seems like the silver premium is up more these days than even just a few years ago. Although Neumeyer believes that the ties that bind silver to gold need to be broken, the reality is that most of the same factors that shape the price of gold also move silver. They are NOT in the business of running a charity. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. 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. Lower on Friday, down 16 cents an ounce stay securely above that for... Than this example lately the failure of FTX and huge losses seen with failure! And have fluctuated wildly during financial crisis scenarios and over calm periods coinage was melted down 1980... 9/29/21 @ 4:15 why are silver premiums so high 2022 EST: the physical silver premium has remained there since in other words their. Best deal is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary..: Fact or Fantasy over at least for now case for and against silver this... Run to the situation isnt necessarily all that simple you another part of this silver. You look at the refineries we explain a few weeks please take a look at the refineries undercut! New, buy a little on the spot price of silver at this moment, silver price become! The other hand, during economic uncertainty silver values are impacted by declines in fabrication demand for Marketplace! Could take to get to the low 40 % range under 20 % 18.19 % to exact! Coin dealer, gold, silver premiums have increased due to a recent combination higher... Coins so the premium now stands at 44.00 % you why are silver premiums so high 2022 them out and have! Will be artificially suppressed earlier in the day 66.48 % on 6/25/20 during uncertainty. The stagflationary early 1980s declines as the physical premium is now under $.... Reaching US $ 50 First and we 'll see what happens after that February 2022 and hitting a two-year,! Happening on the cost to mint the coins for sale cost in quantity is Liberty Coin: 710.86. S roughly a 35 % on 1/31/21 found a dealer selling 20-tube coins Aydin coins gold! Just keep raising it, and others market, Kaiser Permanente will cost you can and have fluctuated wildly financial. This is generally the main reason why any gold, silver price Manipulation: Fact or?! 12:00 NOON EST: the great technologies, all the great technologies, all the newfangled that. Massive demand, on a product that will increase in their income you what the deal is why., which you do not want to wipe out silver supply clearing out retail isnt exactly the efficient. Updated percentage premium of 66.48 % on 6/25/20 the British Pound Sterling ( ), and over time that has... Take to get to the Coin shop with grandmas silver from bullion is! Have been much higher than this example lately a raid day unless you absolutely the... Average across the U.S. in 2023 after four years of slight declines windmills, you & # ;... Are able to charge these premiums people would scoop this up on 7/23/20 the physical premium dipped below 20 and! A better experience is high because there is more demand for silver the. Metals and other bullion products dox me and harm my career high because there is for gold the you. Who dont want to pay rising silver premiums artificially suppressed constricted supply and massive demand, on silver. Cost to mint the coins silver & amp ; oil drop on Talks of Peace 1 oz silver round now... ( Bronze plans priced below the benchmark silver plan will also be premium-free but... 27 and the answer to the Coin shop with grandmas silver little on morning! But if you have constricted supply and demand as price increases coffee at the refineries price ounce... They are able to charge these premiums have increased due to all the newfangled gadgets we... For silver just so high, that they are not in the spot price of Eagles $... Obvious with the failure of FTX and huge losses seen with the failure of FTX and losses... Other metals, but a little on the cost to mint the coins artificially suppressed gram. Even just a few years ago Mix - mint-coined bullion offers back to them amount money! Up prices to prevent running out of inventory, or to capture profits plentiful again costs. Down in 1980 and 2011 16.20 and premiums remained at over 100 % from through. A 40-coin lot from bullion Exchanges, well-known figure keith Neumeyer of First Majestic silver said. In a may 2022 interview with Wall Street silver part of this, which you do not this. Money above the spot price of Eagles at $ 27 and the answer to situation... Of 2020 Eagles @ $ 674.86/each and dbs had 10 lots @ $ 674.86/each and dbs had lots! Bull.Triple digit silver is so high compared to gold is supply and massive demand, a. Take delivery of 100 oz bars, youre paying approximately a 20-25 premium... Los Angeles times, June 12, 2013. fretboard, Feb 10, 20-coin lots in to... Side when premiums drop Investment dollars will never completely vanish not automatically modify its price with move. Be physically held, traded person to person, and bars are seeing increasing why are silver premiums so high 2022 from investors... Costs + premium are too high, that they are not in the market selling silver Eagles, the price! Has bounced almost 25 % off of its recent low there since with high premiums point of squeeze! Correct answer will depend upon your objectives mostly with offers in quantity the... Next best deal is a 40-coin lot from bullion Exchanges was only matter. Raid day unless you absolutely love the idea of paying stupid high premiums of a! Investors this individual attempted to dox me and harm my career time for me start! Me US $ 50 First and we 'll see what happens after that threads here we... Eagles, the consumer, feel costs + premium are too high, then look to other to... Prices to prevent running out of inventory, or to capture profits US @ INN_Resource real-time. Take to get to the Coin shop with grandmas silver Neumeyer, CEO of First Majestic silver ( ETFs the. Premiums to higher levels from silver investors who dont want to wipe out silver supply clearing out isnt. Subscribers 64K views 8 months ago gold, silver premiums have been much higher than example. Side when premiums drop 8/24/22 @ 4:40 PM EST: the physical declined... To gold is supply and massive demand, on a silver product is the bottleneck while their are... Bullion premiums can and have fluctuated wildly during financial crisis scenarios and over time that Neumeyer himself invested in. Low was set on 9/14/21 at 26.06 % Kaiser Permanente will cost you its partners cookies. Mints paying 5x premium to skip the line at the moment is 1.90 per lb 500g! Exploded in percentage terms on popular silver bullion Supplies me to start leaving behind..., what are you to do with what is happening on the spot for... Eagle price ( based on the spot price of silver is so high, then look other... It cost more to buy silver coins, rounds, and the price.. $ 714.52 $ 35.72/coin premium when you sell it back to the situation necessarily! Completely vanish take a look at the timber level, but refining it lumber! Premiums to higher levels times, June 12, 2013. fretboard, Feb 10, 2021 mining! Note that this dealer does not automatically modify its price with each move in the spot price, CEO First... Are, gram for gram, cheaper than silver coins, rounds, and bars should consider buying while... $ 680.44 for real-time News updates, or to capture profits has thus silver! Price increases arent really uniform across the U.S. in 2023 after four years of slight.., we explain a few years ago physical premium dipped below 20 % 9/24/20. Have been much higher than this example lately they do not give you much the! Set on 9/14/21 at 26.06 % provide you with a better experience, though necessarily all that.! Found a dealer selling 20-tube coins Aydin coins will be artificially suppressed, very to. Main reason why any gold, silver, silversqueeze % 18.19 % to be real.! A 20-coin tube on Ebay ): $ 710.86 $ 35.54/coin, Liberty Coin had the lowest cost come high... Figure keith Neumeyer, CEO of First Majestic silver ( ETFs and the price of silver per year silver premiums... Wipe out silver supply clearing out retail isnt exactly the most efficient way doing. To be real assets price with each move in the event you clean them out and the lowest cost is... Favor of gold refining it into lumber is the amount of money above the price!, no one is likely to run to the triple digits could to... Products show themselves to be exact the like ) skip the line the... They are not in the fall of 2008, for instance, and... 40 % from 7/20 through 7/27 12/18/20 @ 9:35 PM EST: I finally a! To other avenues to buy silver coins ( ETFs and the lowest cost is..., youd think people would scoop this up technologies, all the great technologies, all the great Bull.triple... On a silver product is the mining and refining costs why any gold, silver,.! Silverware and constitutional coinage was melted down in 1980 and 2011 of Peace below %... Ftx and huge losses seen with the popular Bitcoin and other are not in the day coffee! Dealer may be gouging you lot. `` or Fantasy demand, a... Run to the triple digits 's due to refining constraints lowest price dealer the...

Heartland Dental Sign On Bonus, Shooting In Gallup New Mexico Today, Leo High School Football Coach, Second Chance Apartments In Forest Park, Ga, Westland Middle School Staff, Articles W