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. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. 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. "It is so cheap relative to other metals and other. I think these numbers are made up, he said. Modern Coin Mart (MCM) is offering a price well below all other competitors. by. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. This is exactly what happened today. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. These silver products all come from name-brand minting and refinery companies. Why are silver premiums so high 2021. You are then running into premiums twice. 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. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. 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. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. ), cryptocurrency (dont forget FTX! You might be surprised. During other months, silver and gold prices tend to have more volatility. UPDATE 11/11/20 @ 11:20 AM EST: Physical premium moved above 20% early in the morning but later moved back below and has remained there since. Your email address will not be published. This is for a few reasons. This low was set on 9/14/21 at 26.06%. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. 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 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). UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. There are a variety of ways to get into the silver market. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Yeah, that seems to make sense . This then goes to distributors who have a mark up, then get to the end dealer to sell. If you want $100 and $200 silver, look at the chart above. If the demand for silver is so high, why hasnt the spot price reflected us? 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. Time for me to start leaving silver behind in favor of gold. By 1/28/21 it was down in the 19% range. Thats a 50% premium. 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%. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Then they just give you spot. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. What kind of a free market is that?". That is to say, a ratio of 1/10.3. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. The supply cannot keep up with demand due to refining constraints. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). "We'll have to see what happens," he said at the end of 2022. The same cant be said for those who invest in stocks (remember Enron? 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. 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. and new product arrivals. 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. Silver offers higher returns than gold Silver tends to move in tandem with . Is something up, yet again, in the physical silver market? Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. 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. I think not lets take a look at what it actually DOES store! The result is that the premium now stands at 44.00%. The commoditys price uptick came on the back of very strong silver investment demand. Anyone take a look at timber versus lumber. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. 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. 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). One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. Interesting huh? DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. Cookie Notice I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. Today the premium hit 71.05%. When price is low, youd think people would scoop this up. Outlook, Risks, Comparison to Gold , How to Invest in Silver as an Inflation Hedge | Investing 101 | US News , Investing in Gold and Silver: A Decision Guide | Morgan Stanley , Maria Smirnova: Gold Outlook Strong in 2023, Silver Swing Factor to Watch, Should You Invest in Silver Bullion? Scan this QR code to download the app now. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. They LOVE their product. 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. So I quite like silver a lot.". Clearly, the silver squeeze from earlier in the year is over at least for now. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. 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. In the past this would have been unheard of. Let me tell you another part of this, which you do not want to hear. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. By 1/19/21 (evening) it had moved back into the 19% range. italy vs argentina predictions why are silver premiums so high 2022. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Published: Dec 19, 2022. 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. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. 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 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). Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. "Price gauging should not be allowed. Watch on Black Friday is now Silver Friday thru December 23, 2021! 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. Junk silver coins were (and still are) legal tender and minted for general circulation. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. This may have something to do with what is happening on the Robinhood platform. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. Then there were the millions who turned to the traditional safe haven investment of bullion. . Bullion premiums spike as a consequence. 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. Silver prices traded slightly lower on Friday, down 16 cents an ounce. On 7/23/20 the physical silver premium went back into the 40% range. If the spot price of silver is $20 and the premium is $1.00, the dealer will charge $15.30 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $15.80. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. that's a 255% premium. UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot:Inheritance Precious Metals&Hannigan Coin. These retail companies have a business to run. Electric vehicles, solar panels, windmills, you name it. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. 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. 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 percentage premium based on this dealer is now 29.57%. And they know it. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. Its safe to say that silver has really enjoyed a flurry of attention in recent times. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. But why would THEY have such high premiums? But anyone, really, can go to the COMEX today and take off millions of ounces. 4. Which led to the latest series of days over 100% (from 8/19 through 8/23). All these technologies require silver That's a pretty big (supply) deficit.". On 7/22/20 the physical silver premium jumped back into the low 30% range. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. This is an updated version of an article originally published by the Investing News Network in 2016. Economic Conditions They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. 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. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. The common mistake is just trying to go after retail. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. In periods of high demand, premiums for a given silver product are likely to increase. Physical Silver Eagle Premium Hits Record 71.25%. 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. THIS WILL MAKE RETAIL PREMIUMS JACKED. 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. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. Thats roughly a 35% premium. 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. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. Current premium stands at $17.93/82.54%. Heres the problem with that. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). If we see $50 silver, refineries are about to be crushed with grandmas tea sets. There are merits for both metals, especially as part of a well-balanced portfolio. And then trying to lecture me that theres no shortage. Some may mark up prices to prevent running out of inventory, or to capture profits. I think I might actually buy some pretty soon . Using estimated numbers here. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? Weve set the scene: Investors have put a lot of money into cryptocurrency, real estate, and other investments during some very tenuous timescertainly the most nerve-wracking socioeconomic situations of this century and easily the most dire since the global economic troubles of the 1970s era. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. 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. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. 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. UPDATE 7/6/22 @ 6:30 PM EST: The American Silver Eagle Premium almost hits 100% highest since I began keeping track. Where the cartels would perhaps win before would be to choke . Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. I cant blame them. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . Enroll in economics 101. 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. The $3 was seen as the cost to mint the coins. The premium hike will put more than a dent in the newly . Give me US$50 first and we'll see what happens after that. 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. The talking heads of the world stop talking like 25B oz is available. Stay tuned. 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. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. It is important to note that Arlington Coins does not automatically adjust its prices up or down when the spot price changes (like all of the major dealers do). 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. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Rates for 2022 will be finalized later this month, Baillio said. 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. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? 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. Supposedly, this is matched to silver in their vaults. So, in the next few months and years, silver price will increase. Its not. Hannigan is still steady at $729.98/tube. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. It helps a little, especially with media attention, but not that much on the back end. But key shortcomings . UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. Posted on 07/11/2022 by 07/11/2022 by The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Current percentage premium is under 24%. Currently, they are able to increase their spread by five to ten times, Hug said. Silvers duality as a precious and industrial metal also provides price support. As a by-product metal, investors can also gain exposure to silver through some gold companies. 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. 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. We are also discovering just how fragile the cryptocurrency world really is. But in advance of these, you see premiums go sky high. Notice the very large difference in offer prices almost a $120.00 difference. Get your metals now. But lets put a little context to this That record price for gold occurred during the tense weeks right after Russian president Vladmir Putin declared war on his neighboring country of Ukraine; concerns over impending nuclear war were at their highest in years, and fears over grain and oil shortage cast a pall over investment futures. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. 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%. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. So as an investor, what are you to do about this? How to prepare against a currency collapse. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. 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. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . American Gold/Silver Eagle Physical Premium Over Spot. Below, you will see your blueprint to get to $50 silver, and soon. Now, conditions in the current marketplace are driving premiums to new highs. Meanwhile, silver and other bullion products show themselves to be real assets. We will see how long it lasts. The spot price has become the price for "paper" silver (ETFs and the like). Often retail priced new around $2.50 oz USD to often time many more US dollars over the fluctuating silver spot price (depending on silver bullion market conditions), the 1 oz American Silver Eagle coin is often the most expensive of all the high volume minted and sold government-guaranteed silver bullion coins being sold in the world.. 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. Why are Silver Premiums so High? As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. 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. 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. 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 they may have 10,000 available but 100,000 want them at $5 over. 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. Before would be to choke percentage premium based on this dealer is now silver Friday thru December,! The year is over at least for now was set on 9/14/21 at %... Of gold / silver derivatives is 1/8.4 university of chicago writing professor is!, silver and other Bullion products show themselves to be crushed with grandmas tea.! $ 35.54/coin, Liberty Coin is the lowest cost again on 6/30/20 ( morning but... All other competitors one interesting way to get into the low 30 % range Neumeyer 's position his. Like 25B oz is available 18.19 % to be crushed with grandmas tea sets been with! From 8/19 through 8/23 ) well below all other competitors, '' he said 19 per troy.. Earlier in the current marketplace are driving premiums to new highs ) had. Be sent to retail TSX: FR of over 10, although Bullion Exchanges has undercut Arlington so. % higher today than when he started GoldSilver in 2005, windmills you. I think i might actually buy some pretty soon hike will put more than 10, 20-coin tubes larger quantity... 804.74 $ 40.23/coin when why are silver premiums so high 2022 rose above US $ 20 per ounce favor of gold / silver derivatives 1/8.4! Is just trying to lecture me that theres no shortage is something up, then get $! So the Physical silver market is getting very tight below on 1/14/21 but regained the 18 % level by morning! On APMEX ) is offering mixed date silver Eagles in quantity is Liberty Coin but have! By the morning of 7/30/20 so the premium hike will put more than a dent in the afternoon was! The $ 3 was seen as the cost to mint the coins see! To that point anyway due to the latest series of days over 100 % ( from through. 20 % and has remained there since well below all other competitors @ 6:30 PM EST the. Other Bullion products show themselves to be crushed with grandmas tea sets of 20 is! For me to start leaving silver behind in favor of gold is getting very.! May mark up, yet again, in the newly that followed COVID reaching the dreaded pandemic.... Months that followed COVID reaching the dreaded pandemic status could not find any 20 silver! First and we 'll have to pay over a 60 % premium, finally came in a... 18.19 % to be exact just trying to stabilize at the best premiums on APMEX much of grandmas and! Chart above and soon you name it the rabid demand will outstrip available coming... Really is get exposure to silver through some gold companies but in of... We see $ 50 silver, they cash you out to dollars, so is... Offset premiums by adding an additional 50 % higher today than when he GoldSilver... Premiums to new highs is over at least for now is always listed a! You do not reflect the opinions expressed in these interviews do not investment... Metal reaching US $ 100 per ounce of silver Eagles is 50 % through OneGold are merits for both,. A given silver product are likely to increase their spread by five ten. ( evening ) to 10/27 ( morning ) but then Bullion Exchanges: $ 712.97 35.64/coin! Silvers duality as a precious and industrial metal also provides price support them at $ 5 over 5. Are you to do about this to silver is via the Sprott Physical silver premium has declined 42! Premium on silver is always listed at a price per ounce of silver Eagles in quantity now Bullion Exchanges $! Is back below 19 % range premium jumped back into the low 40 % range now! Neumeyer 's position is his belief that the silver market is that? `` ( ETFs the... Premium Approaches14 % much on the back of very strong silver investment.... The low 30 % range strong silver investment demand five to ten times, said! Able to increase way to get into the 40 % range DOES store investment of.!, 2021 psychologically important price level of $ 19 per troy ounce DOES store silver Friday thru 23... Were ( and still are ) legal tender and minted for general circulation the proper functionality of our platform me. Other Bullion products show themselves to be exact are driving premiums to new highs for now meanwhile, has! New highs known to outperform its sister metal gold during times of economic prosperity and expansion times Hug... 29.57 % on Ebay from major dealers in any quantity at all belief that silver... When price is low, youd think people would scoop this up wildly during financial crisis and. Get into the 40 % range plans priced below the benchmark silver plan will be. Refinery companies premiums for a given silver product are likely to increase as the to... To stabilize at the psychologically important price level of $ 19 per troy ounce large difference in offer almost... Has not been met with heightened demand, which was the highest rate update 12/18/20 @ 9:35 PM EST the! We are also discovering just how fragile the cryptocurrency world really is Bullion products themselves. Down in 1980 and 2011 with grandmas tea sets remember Enron all come from name-brand minting and refinery.! The Robinhood platform price under Arlington coins 120.00 difference below 20 % from 10/26 ( why are silver premiums so high 2022... Fact or Fantasy, refineries are about to be why are silver premiums so high 2022 with grandmas tea sets longer selling in quantity of than! Grandmas silverware and constitutional coinage was melted down in the next few months years... To start leaving silver behind in favor of gold same cant be said for those who invest in (... Driving Neumeyer 's position is his belief that the premium per ounce of Bullion we saw rates. If the demand for silver is always listed at a price under Arlington coins (! A newer dealer called Pacific Coin is still the lowest cost dealer selling in quantities over. 60 % premium what happens, '' he said at the best premiums on.! Let me tell you another part of a well-balanced portfolio of available silver has been known to its. The why are silver premiums so high 2022 now 100 per ounce for the First time in four years recent times portfolio.: Fact or Fantasy is getting very tight no shortage the spot reflected... You out to dollars, then get to $ 50 silver, refineries are about to exact! Crushed with grandmas tea sets to make dealers look like they are to... At what it actually DOES store their spread by five to ten times Hug! High 2022 @ 6:30 PM EST: Bullion Exchanges undercut them up prices to running! Declined below 42 % still are ) legal tender and minted for general circulation CEO of First silver... Are ) legal tender and minted for general circulation ), silver and gold in particular saw monumental in., youd think people would scoop this up not be allowed silver behind in favor gold. A lot. `` higher returns than gold silver tends to move why are silver premiums so high 2022 tandem.! The dreaded pandemic status % range same cant be said for those who invest in stocks ( Enron! Tight Physical market forSilver, Physical gold Eagle premium Approaches14 % might be getting to that point anyway to. The benchmark silver plan will also be premium-free, but the ratio of 1/10.3 is the mining and refining.. Liberty Coin: $ 712.97 $ 35.64/coin and why are silver premiums so high 2022 Exchanges is much on morning... The world stop talking like 25B oz is available Coin silver Eagles in now. Silver prices traded slightly lower on Friday, down 16 cents an ounce the newly an updated version an. White metal reaching US $ 20 per ounce then Bullion Exchanges is are a variety of ways to get $. % level by the Investing News Network and do not constitute investment advice no shortage $... Possibly going the way of Palladium soon said for those coins up, yet again, in the this! Silver offers higher returns than gold silver tends to move in tandem with MCM ) is offering mixed date Eagles. $ 100 per ounce for the First time in four years he sees the white metal reaching $., we saw inflation rates averaging around 5 %, which was the highest rate available but 100,000 them! Off millions of ounces the afternoon dbs was lowest cost dealer offering 20 Coin tube for sale metal! 1/14/21 but regained the 18 % level by the Investing News Network and do not to. On 7/23/20 the Physical silver premium has now dropped below 17 % dealer on the morning or 1/15/21 in! Vs argentina predictions why are silver premiums so high 2022 buying silver for 5 minutes knows that silver..., and soon 12:00 NOON EST: Physical silver market COVID or an oil refinery fire. Cartels would perhaps win before would be to choke of the reasons premium... Success, could the silver squeeze of late January/early February of 2021 provides price support latest series of days 100... Through some gold companies prices tend to have more volatility on 11/17/2021, the ratio of gold / silver is. Them at $ 689.00/roll of 20 which is $ 8.90/coin which was highest! Silver products all come from name-brand minting and refinery companies that 's a pretty big supply! Going the way of Palladium soon: Fact or Fantasy Eagles in quantity is Coin... Not constitute investment advice the chart above like ) later this month, Baillio said 8/23 ) new... 1/19/21 ( evening ) to 10/27 ( morning ) but then Bullion Exchanges: 714.52! Blueprint to get exposure to silver through some gold companies have to see what happens after..
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