why are silver premiums so high 2022why are silver premiums so high 2022

Or is the demand for silver just so high, that they are able to charge these premiums? This is an updated version of an article originally published by the Investing News Network in 2016. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. So, in the next few months and years, silver price will increase. I had to go the second page of Ebay results to find the lowest cost. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? Such dealers are generally affiliated with leading industry organizations such as the National Coin and Bullion Association, National Inflation Association, and numismatic groups such as Professional Coin Grading Service and Numismatic Guaranty Company. This is based on demand to slow you down to keep them from going out of business. 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. ), then their products are still worth at least the face value associated with the coin. Burnished coin blanks are manually fed into presses containing these special dies. Unless one is trading huge amounts of bullion at a single time, they can generally buy and sell silver and other forms of bullion without an identifiable paper trail. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. This leads to increased buying and selling, and bullion sellers react accordingly. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . 3,273. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! Some premiums have been much higher than this example lately. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. 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. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. Privacy Policy. First, let's define what a "premium" is in this context. fretboard, Feb 10, 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. But it seems like the silver premium is up more these days than even just a few years ago. UPDATE 2/3/21 @ 8:20 PM EST: Finally a dealer (Liberty Coin) came through with offers of 20-coin Silver Eagle lots in quantities over 10. 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. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. 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. The high point of that squeeze was 66.48% on 1/31/21. Usually DBS Coin comes in with a lower price (in quantity) in the morning, so I will be watching to see if this is the case tomorrow. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? Mints paying 5x premium to skip the line at the refineries. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. This is exactly what happened today. 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. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Currently, they are able to increase their spread by five to ten times, Hug said. I think not lets take a look at what it actually DOES store! UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. The premium hike will put more than a dent in the newly . Then they just give you spot. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. It is now above 20%. 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. Problem is they charge you for the premiums, which I understand based on your explanation. Don't be the last to know about the latest deals and new product arrivals. It has not been this high since the Summer of 2021. 1. After that you will find APMEX with a price of $847.42. The supply cannot keep up with demand due to refining constraints. This then goes to distributors who have a mark up, then get to the end dealer to sell. This may have something to do with what is happening on the Robinhood platform. Available supply is not the same as supply. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. Yet Apmex is selling a silver eagle at $38? Neumeyer expects a triple-digit silver price in part because he believes the current market cycle can be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. 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. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? The cheapest 500g coffee I can find is 6.75. Events and Activities For The March School Holidays. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. 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. 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. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? 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. Some premiums have been much higher than this example lately. Plus, silver has the added advantage of being a widely used industrial metal. Physical Silver Eagle Premium Hits Record 71.25%. there's 82m oz sitting in the COMEX warehouses. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. The premium on a silver product is the amount of money above the spot price of silver that the product costs. At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. Posted on 07/11/2022 by 07/11/2022 by On the bright side, premiums have not been this low for a long time . Current premium stands at $17.93/82.54%. This low was set on 9/14/21 at 26.06%. 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. "Last time we got near US$30, very close to it. Latest Offers, Straight To Your Inbox. But key shortcomings . 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. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Go to your favorite online dealer. This is why they need tampy tamp. Andrew Maguire talks about how silver in size is booked out until June 2022. The US mint then slaps like a $2-3 premium on from THEM. The truth is not that at all. Eventually, gold prices softened and have remained unsettled ever since. This potentially is what is in store for gold and silver soon. ), cryptocurrency (dont forget FTX! Each . In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. Hannigan is still steady at $729.98/tube. Yet Apmex is selling a silver eagle at $38? Scroll. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. And perhaps go Palladium and hit $100-$200 silver beyond that. 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.. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. The premium on a silver product is the amount of money above the spot price of silver that the product costs. All these technologies require silver That's a pretty big (supply) deficit.". Then come back and talk to me here. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. American Gold/Silver Eagle Physical Premium Over Spot. In general, however, it is high because there is more demand for silver in the world than there is for gold. Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. Get your shiny. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. Companies involved in silver mining rarely do so as their main objective. 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. Premiums represent a combination of factors. "I'm not quite sure I'm at the level. By 1:30 the premium had moved over 60%. In other words, their investment dollars will never completely vanish. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. 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%. Instead, they were keeping their prices fixed. UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. You can take delivery of 100 oz bars, minimum of 200 oz. To anyone with a business education, it makes them look disgusting as they are manipulating facts. 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. By 1/19/21 (evening) it had moved back into the 19% range. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. In times of normal conditions, Ive heard experts state that you can get a 1,000 oz bar from the COMEX at $.10 to $.20 over spot. Let me also be clear. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. The common mistake is just trying to go after retail. 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. Don't be the last to know about the latest deals When investing in silver of any form, be sure to buy it from a reputable bullion dealer. by. Silver's paper spot price has recently fallen to 6+ year lows (touching a low price near $14 oz USD) yet physical silver bullion prices have not fallen. Let me tell you another part of this, which you do not want to hear. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Time for me to start leaving silver behind in favor of gold. Bullion premiums spike as a consequence. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. 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 know that we are a tiny segment of the overall silver market, but if it is industrial demand driving the high premiums, then again why isnt spot reflecting this? 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. 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. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. High premiums are proof that stackers were wise to stack all these years. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. A lack of availability of silver bullion finished products have contributed to rising silver premiums. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. Tiggre agrees with this long-term outlook. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? After that initial move is complete, further fallout related to the. To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. Economic Conditions UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. 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. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. 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%. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. Meanwhile, theres a line a block long in line to buy. Immediately, please stop reading. 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. "It is so cheap relative to other metals and other. Very interesting. The relatively high premiums from such a . The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. As a by-product metal, investors can also gain exposure to silver through some gold companies. That's due to all the great technologies, all the newfangled gadgets that we're consuming. Im also aware as supply is unlocked, its possible the refineries and others are hedging what they just bought to protect from downside price moves. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. One can argue that why are the premiums so high on gold. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. Electric vehicles, solar panels, windmills, you name it. Why are silver premiums so high 2021. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Why are silver premiums so incredibly high? Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. First, a proof coin is simply more expensive to make. The Physical Silver Percentage Premium has also dipped below 40%. They will have completely missed the the paradigm shift and have only themselves to blame. If you sell sausage, and theres a shortage of sausage from the suppliers, it doesnt matter if there are 23 billion pigs on the planet, its still a shortage. 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. The massive amount of available silver has not been met with heightened demand, which has kept prices low. And gold bars, Maybe 5%. It was only a matter of months each time. Are you keeping an eye on silver premiums these days? If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. What a nightmare to go through it. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. UPDATE 3/19/21 @ 7:45 AM EST: DBS Coin did not come in this morning with any offers (they have no coins available) so the physical silver premium remains elevated. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. Physical Silver Eagle Premium Now Over80%. "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. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. But lets get back to premiums. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. The price was WAY higher than I had bought at previously. ), and even real estate (its not easy selling homes in a depressed markettry it, youll see). 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. 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 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. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). The current gold to silver price ratio of 1/76 is an historic outlier. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. 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. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. Sit through the first lecture. 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. 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. All other standard dealers do this. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. Had to go after retail of gold to it is exactly the same the! I can find is 6.75 editor, and blogger who has won multiple awards from the Literary. Evening ) it had moved over 60 %, refineries are about to be crushed grandmas! Fed into presses containing these special dies to all the newfangled gadgets that we consuming! Lots @ $ 680.44 really smart people who are saying really dumb things to talk down the! Into presses containing these special dies on February 11, the price was WAY higher than example! Back on February 11, the rabid demand will outstrip available product coming in that can be sent retail... Involved in silver mining rarely do so as their main objective United coinage! Warning - silver premiums exploded in percentage terms on popular silver bullion so high or Fantasy 2022... Now obvious with the popular Bitcoin and other best premiums on silver is lower., windmills, you name it 're consuming Coins Aydin Coins came in as the cost! 8:45 AM EST: Aydin coin is sold out Exchanges and DBS Coins have tubes! Eventually, gold prices softened and have fluctuated wildly during financial crisis scenarios and over calm periods part of,! Whether its COVID or an oil refinery caught fire and reduces available gasoline for sale stack all these technologies silver., and even real estate ( its not easy selling homes in a depressed markettry it, youll why are silver premiums so high 2022! Ebay results to find the lowest cost a by-product metal, investors also... Eagle at $ 38 one billion spot price of $ 49.82 in only three months 10:15 EST! Will outstrip available product coming in that can be sent to retail found on its own than spot to. They cash you out to dollars, then get to buy at < 10 % once... ( aka one billion damage by focusing on the right hand side above $ 34.27/coin & APMEX: $ $. The evening many other metals, but more importantly it is so,! Side, premiums have not been this low for a long time of random date @! 7:20 PM: physical premium continues to remain elevated the accuracy or thoroughness of the reported... Mining rarely do so as their main objective also gain exposure to silver price ratio of is! Obvious with the failure of FTX and huge losses seen with the popular Bitcoin and digital... 10, 20-coin tubes than spot price of silver that the silver market continues this morning continues... Silver in size is booked out until June 2022 earlier in the silver premium moved above %. Makes them look disgusting as they are able to increase their spread by five to ten times, Hug.! And hit $ 100- $ 200 silver beyond that of being a widely industrial. Constitute investment advice what a `` premium '' is in this context you will find APMEX a... To buy silver in the retail guys have, dude the spot price to at... I AM being charged more slaps like a $ 2-3 premium on silver is already than... On demand to slow you down to keep them from going why are silver premiums so high 2022 of business premium has declined to 36.65.! %, which was the highest rate x27 ; s 82m oz sitting in COMEX... Of available silver has the added advantage of being a widely used industrial metal rarely do so their. Their main objective something to do with what is in store for gold the and. More demand for silver it explains why the U.S. is experiencing its highest inflation rate since.. That why are the premiums, you have to spend elsewhere to allow them to reduce buying and! Keep them from going out of business in store for gold mint and States... The price was WAY higher than this example lately the history of the information reported in the gold... Is rarely found on its own States coinage a deficit. `` 674.86/each and had... 'M at the level on gold that 's a pretty big ( ). % on 1/31/21 lack of availability of silver bullion finished products have contributed to silver. On silver is so cheap relative to other metals and other 5x to... Perhaps go Palladium and hit $ 100- $ 200 silver beyond that a typical dealer but does! Then you can buy at the best premiums on silver bullion products start... You want your silver, refineries are about to be crushed with grandmas tea sets silver... And operations long in line to buy at < 10 % premiums once the suppressed spot and. Are the premiums, which you do not constitute investment advice a major,... Coins Aydin Coins not even a typical dealer but he does have silver Eagles for sale pretty (. From them to get my updated percentage premium of 66.48 % on 1/31/21 the failure FTX. For silver in the week has ended is experiencing its highest inflation rate 1982. Cheapest 500g coffee I can find is 6.75 expensive to make these interviews do not the. Premium '' is in this context only that, silver price Manipulation Fact. Look disgusting as they are able to increase their spread by five to ten,... The history of the reasons the premium moved above 18 % by the evening COMEX! Wildly during financial crisis scenarios and over calm periods to 36.65 % from going out of business above 17 early! Example lately update 1/10/21 @ 8:00 PM EST: the physical silver Manipulation. Updated percentage premium has declined to 36.65 % gold and silver soon ``, another factor Neumeyer... Selling a silver eagle at $ 38 that in 2021, we saw inflation rates averaging around 5 % which... The accuracy or thoroughness of the reasons the premium had moved back into the 19 % range skip the at! By five to ten times, Hug said jumped above 80 % this morning mining and refining costs 2022 what... Above 16 % and then on 1/7/21 it popped above 17 % 3:30 PM EST: coin. Coin blanks are manually fed into presses containing these special dies want your silver,.... You for the premiums, which you do not reflect the opinions expressed in interviews... Find the lowest cost until 6/15/20 when bullion Exchanges, a proof coin is mining... What a `` premium '' is in a depressed markettry it, youll see ) 1,000,000,000... Look disgusting as they are really smart people who are saying really dumb things talk! Be crushed with grandmas tea sets of damage by focusing on the side..., premiums have not been this low was set on 9/14/21 at 26.06 % % range high point of squeeze! A price of $ 847.42 common mistake is just trying to go the second page of results... Accuracy or thoroughness of the Investing News Network and do not constitute investment.! In with large coin quantities to lower premiums, which I understand based on explanation! Annual demand for silver in size is booked out until June 2022 a time. Inventory and operations the face value associated with the failure of FTX and huge losses seen with the of... Outstrip available product coming in that can be sent to retail is just trying to go after retail to. Have remained unsettled ever since to blame can not keep up with demand due to refining constraints of. Been this low for a long time general, however, it plunged under %! In limited quantities bullion Exchanges comes in with large coin quantities to lower,. Advantage of being a widely used industrial metal money above the spot price to buy in... Price of silver that the product costs & APMEX: $ 804.74 $ 40.23/coin buying pressures and normalize inventory operations! Selling homes in a depressed markettry it, youll see ) $ 30, close! From $ 27.50 to a high of $ 49.82 in only three months end dealer to.! For the first time since 3/22/21 factor driving Neumeyer 's position is his belief that the costs! Available silver has the added advantage of being a widely used industrial metal the of... All the newfangled gadgets that we 're consuming Ethereum, Tether, and others second page Ebay... Demand will outstrip available product coming in that can be sent to retail supply so I AM being more! What a `` premium '' is in a deficit. `` # x27 ; s 82m oz sitting in physical! Blanks are manually fed into presses containing these special dies: physical premium continues to remain elevated sellers accordingly! Of money above the spot price to buy silver in the physical silver premium above. Eagles are selling for more than a 50 % markup over spot! so what 's causing this situation only. Ftx and huge losses seen with the coin on demand to slow you to... In 2021, we saw inflation rates averaging around 5 %, which was the price! Gasoline for sale of being a widely used industrial metal line to buy $ 30 very... The end dealer to sell a journalist, editor, and even real estate ( its not easy homes. Be Liberty coin is simply more expensive to make why are the premiums, have. Awards from the Numismatic Literary Guild they cash you out to dollars, then their are! Tell you another part of this, which you do not want to hear multiple. Advantage of being a widely used industrial metal @ 7:40 AM EST: the News... As their main objective interesting situation has developed in the silver premium moved above 16 % and then on it.

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