The physical premium percentage moved over 45% while the Spot price declined under $24.00. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. Silver has held the attention of humankind for at least 5,000 years. 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. Supposedly, this is matched to silver in their vaults. 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. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . Venue: Eastpoint Mall. Cookie Notice All readers are encouraged to perform their own due diligence. This premium can also be expressed as 20% over spot. These silver products all come from name-brand minting and refinery companies. 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. On 7/23/20 the physical silver premium went back into the 40% range. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. I cant blame them. Meanwhile, theres a line a block long in line to buy. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. Below, you will see your blueprint to get to $50 silver, and soon. Currently, they are able to increase their spread by five to ten times, Hug said. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. 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 your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. Bullion premiums spike as a consequence. Buy PSLV or another ETF that you trust. 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%. The current premium on American Silver Eagles is at historic levels. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. For more information, please see our 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. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. Yet Apmex is selling a silver eagle at $38? Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. If you want to take down Darth Vader, youre going to need a bigger boat. 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. "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. During the backwardation of September 2015, silver was trading . Clearing out retail helps, in a way, but is not what drives the price of the silver market. there's 82m oz sitting in the COMEX warehouses. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. 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.. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . 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 7/6/22 @ 6:30 PM EST: The American Silver Eagle Premium almost hits 100% highest since I began keeping track. 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. This is exactly what happened today. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. Many people with stakes in the stock market panicked and began moving their money into alternative investments. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Its not. 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. 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. 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. 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. With demand so high, you can go for awhile with keeping premiums high. Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. 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. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Here is the availability on Ebay: DBS Coin: $687.84 $34.39/coin, Liberty Coin: None available, MCM: $739.40 None available, MCM: $792.80 $39.64/coin (119 available), APMEX: $794.64 $39.73/coin & APMEX: $877.11 $43.85/coin. 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. The cheapest 500g coffee I can find is 6.75. Where the cartels would perhaps win before would be to choke . Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. Then there were the millions who turned to the traditional safe haven investment of bullion. 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. 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. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? 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. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. I wouldnt trust them at all.. Thats a 50% premium. Now it is Liberty Coin. The silver squeeze will then be the blueprint for the gold squeeze. Many of these products are available in attractive designs and some are collected on their aesthetic merits. And for that, please take a look at the three options I mention above. Posted on 07/11/2022 by 07/11/2022 by "Last time we got near US$30, very close to it. Know that the correct answer will depend upon your objectives mostly. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. Yet Apmex is selling a silver eagle at $38? If you are new, buy a little on the left side when premiums drop. So assume silver runs up to $50 and you run to the coin shop with silverware. 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). But they do not give you much of the premium when you sell it back to them. Latest Offers, Straight To Your Inbox. What you find from these dealers is that the US mint only makes so many eagles. Published: Dec 19, 2022. In other words, their investment dollars will never completely vanish. Does gold store energy? Lets look at silvers recent history. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. PSLV is indeed draining 1,000 oz bars from the market. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. After that initial move is complete, further fallout related to the. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. 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. Some premiums have been much higher than this example lately. This represents a $11.75/45.12% premium. NOTE: Daily graph is updated once per day. The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. 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 suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. These dealers wereInheritance Precious Metals&Hannigan Coin. 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. Theres a LOT of money to go around. The physical silver premium broke below 35% on 6/25/20. This leads to increased buying and selling, and bullion sellers react accordingly. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. A silver Britannia is about 8 per coin over spot. The price of silver has had a solid 2023 so far, . This low was set on 9/14/21 at 26.06%. Andrew Maguire talks about how silver in size is booked out until June 2022. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. But anyone, really, can go to the COMEX today and take off millions of ounces. 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. And perhaps go Palladium and hit $100-$200 silver beyond that. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. 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. This represents about 15% of the $10,000 increase in their income. 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. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. Bullion dealers not charging 50% premium. 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why are silver premiums so high 2022