UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. 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 price of silver saw a 2022 high point of US$26.38 in May, but has remained under US$25 thus far in 2023. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. silver bars, youre paying approximately a 20-25% premium on. 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. Posted on 07/11/2022 by 07/11/2022 by Watch on Black Friday is now Silver Friday thru December 23, 2021! Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. If you want $100 and $200 silver, look at the chart above. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. The commoditys price uptick came on the back of very strong silver investment demand. The increased demand has thus pushed silver premiums to higher levels. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Then they just give you spot. 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. 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. 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. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. High premiums are proof that stackers were wise to stack all these years. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. The percentage premium based on this dealer is now 29.57%. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . Latest Offers, Straight To Your Inbox. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. 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. Economic Conditions For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. The American Silver Eagle proofs carry a significant premium over the spot silver price. 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. Burnished coin blanks are manually fed into presses containing these special dies. Physical Gold Premium vs. Spot Price A tradingsignal? If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Yet Apmex is selling a silver eagle at $38? 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. 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. Silver has held the attention of humankind for at least 5,000 years. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). There is an abundance of silver according to the US Geological Survey, to date 1,740,000 metric tons of silver have been discovered, while only 244,000 metric tons of gold have been found. Stuntman, Arganto, dikefalos and 1 other. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. 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. But in advance of these, you see premiums go sky high. Buy PSLV or another ETF that you trust. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. Let me repeat. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. 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. Buy some. 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). 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. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Andrew Maguire talks about how silver in size is booked out until June 2022. Thats a 50% premium. Now, conditions in the current marketplace are driving premiums to new highs. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. Their prices are, gram for gram, cheaper than silver coins. Refinery may be backed 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.". On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. 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. This is why they need tampy tamp. At least this has been the case since I started to closely follow the Ebay market since last Spring. A silver Britannia is about 8 per coin over spot. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Sit through the first lecture. Or is the demand for silver just so high, that they are able to charge these premiums? 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. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. This low was set on 9/14/21 at 26.06%. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Physical Silver Eagle Premium Hits Record 71.25%. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. 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. All these technologies require silver That's a pretty big (supply) deficit.". Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. I think not lets take a look at what it actually DOES store! If you look at the spot price of silver at this moment, it's somewhere around $28. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? 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 US mint then slaps like a $2-3 premium on from THEM. 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. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. These retail companies have a business to run. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. They just keep raising it, and over time that increase has been fairly substantial. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. 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. Some premiums have been much higher than this example lately. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. In the past this would have been unheard of. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. Modern Coin Mart (MCM) is offering a price well below all other competitors. The silver squeeze will then be the blueprint for the gold squeeze. 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. 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. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. To anyone with a business education, it makes them look disgusting as they are manipulating facts. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. So, if the silver price does rise, how high will it go? a $3 per coin premium amounts to twenty-one percent. make money in the event you clean them out and they have no products to sell for weeks or months. "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. 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. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. Why are silver premiums so incredibly high? MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. American Gold/Silver Eagle Physical Premium Over Spot. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. And for that, please take a look at the three options I mention above. The cheapest 500g coffee I can find is 6.75. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. Anyone take a look at timber versus lumber. 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. Yeah, that seems to make sense . italy vs argentina predictions why are silver premiums so high 2022. To each their own. 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. Why are American Silver Eagle Premiums High? The coin is struck using special dies. 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. They are NOT in the business of running a charity. You can take delivery of 100 oz bars, minimum of 200 oz. "It is so cheap relative to other metals and other. This premium can also be expressed as 20% over spot. ), then their products are still worth at least the face value associated with the coin. This is the best solution if you want to put some serious money into silver, yet down the road have the optionality to take delivery of your silver if you arent a 6 figure investor in silver. . ), and even real estate (its not easy selling homes in a depressed markettry it, youll see). So now their shelves are empty what are they supposed to sell you? "We'll have to see what happens," he said at the end of 2022. 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. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. On 7/23/20 the physical silver premium went back into the 40% range. 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!! However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. 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). There are no shortage at the timber level, but refining it into lumber is the bottleneck. I believe gold kicks in the door, but silver moves faster and further. The physical premium percentage moved over 45% while the Spot price declined under $24.00. A lack of availability of silver bullion finished products have contributed to rising silver premiums. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. Get your metals now. 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. 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? Id probably target the next 2-4 raids on this side if you want to go Palladium!! Lets look at dealers.
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