As a by-product metal, investors can also gain exposure to silver through some gold companies. Your email address will not be published. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. 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. Current premium stands at $17.93/82.54%. 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. Buy OneGold that says that it is allocated and a Sprott product. Is there any justification for this? "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. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. INN - Investing News , Is Silver a Good Investment? . Notice the very large difference in offer prices almost a $120.00 difference. After that initial move is complete, further fallout related to the. 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. There are no shortage at the timber level, but refining it into lumber is the bottleneck. THIS WILL MAKE RETAIL PREMIUMS JACKED. Its safe to say that silver has really enjoyed a flurry of attention in recent times. I cant blame them. Why are silver premiums so incredibly high? UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. Each . that's a 255% premium. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. This forces THEIR prices higher. The price of silver had dropped to around the $17 mark, and demand for all metals was increasing and premiums were barely under $4 per coin (per troy ounce). Physical Gold Premium vs. Spot Price A tradingsignal? These retail companies have a business to run. Instead, they were keeping their prices fixed. 3,273. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. Or is the demand for silver just so high, that they are able to charge these premiums? As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. This represents a $11.75/45.12% premium. 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. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. 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. Is there any justification for this? 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. 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. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. This represents about 15% of the $10,000 increase in their income. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. Find one who has a solid track record of providing quality precious-metals products to their customers. Yet Apmex is selling a silver eagle at $38? However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? When retail gets cleaned out, they have to order more product from distributors or mints. Why does it cost more to buy silver coins, rounds, and bars today? 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. The premium now stands at 32.19%. 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. Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Why are American Silver Eagle Premiums High? This accounts for yet another spike in physical silver premiums to almost 60%. For more information, please see our 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, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. and new product arrivals. Bullion premiums spike as a consequence. The silver market and the premiums are a scam and have been for years. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This is an updated version of an article originally published by the Investing News Network in 2016. And these can be delayed for a long time. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. So as an investor, what are you to do about this? Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. Very interesting. The increased demand has thus pushed silver premiums to higher levels. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. 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. 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. 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. Now time to light the fuse of the powderkeg. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. This is why they need tampy tamp. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. 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. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. Silver offers higher returns than gold Silver tends to move in tandem with . When you look under the hood, and do they math, those sites were charting between $1.25 and $1.65 premium per ounce for those 1,000 oz bars. This potentially is what is in store for gold and silver soon. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. Tiggre agrees with this long-term outlook. Refinery may be backed up. 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%. 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). Join us today for FREE! At least this has been the case since I started to closely follow the Ebay market since last Spring. That is to say, a ratio of 1/10.3. . I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. This realization by many that silver is truly a safe-haven assetone that is easily traded and performs well during rapid inflation and other economic hardshipshas led many to redirect their investment funds to silver. High premiums are proof that stackers were wise to stack all these years. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. Look at the drip above that is going to dealers. 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. The spot price has become the price for "paper" silver (ETFs and the like). Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. Create a free website or blog at WordPress.com. Drip above that is going to dealers later DBS Coins & MCM also began offering silver at... 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