If the demand for silver is so high, why hasnt the spot price reflected us? 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. 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. 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. All readers are encouraged to perform their own due diligence. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. I finally found Bullion Exchanges selling 40 coins. Ordinarily I dont include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. THIS WILL MAKE RETAIL PREMIUMS JACKED. On 8/24 it dipped back down to 71.84%. But lets get back to premiums. Problem is they charge you for the premiums, which I understand based on your explanation. Posted on 07/11/2022 by 07/11/2022 by They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Privacy Policy. 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. The talking heads of the world stop talking like 25B oz is available. If you talk to some people who sell 1,000 oz bars theres no shortage of them. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. 4. The coin is struck using special dies. . It is highly liquid though and you can get metal on the other end- provided Apmex is not out. This may have something to do with what is happening on the Robinhood platform. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. On the morning of 6/1/20 the premium went below 45% but then jumped back up in the evening because Bullion Exchanges was no longer selling in quantities more than 10. 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. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! 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. So assume silver runs up to $50 and you run to the coin shop with silverware. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. One can argue that why are the premiums so high on gold. 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. The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. Bullion dealers not charging 50% premium. Then there were the millions who turned to the traditional safe haven investment of bullion. So as an investor, what are you to do about this? After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. Theres a LOT of money to go around. The next best deal is a 40-coin lot from Bullion Exchanges. Yet Apmex is selling a silver eagle at $38? The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. NOTE: Daily graph is updated once per day. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. A generic 1 oz silver round is now selling for $5 over the spot price. 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. Inventory shortages almost always happen during periods of dramatically falling spot prices. 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. And gold bars, Maybe 5%. The result is that the premium now stands at 44.00%. 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. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . $50 silver, coin dealer, gold, refinery, silver, silversqueeze. "I actually saw someone the other day call for US$500 silver," he said. 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. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. What you find from these dealers is that the US mint only makes so many eagles. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. Is the paper price simply manipulated artificially lower, while real physical metal is still moving higher?What do you think is responsible for high premiums? UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. 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!! Below, you will see your blueprint to get to $50 silver, and soon. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Join us today for FREE! Whats going on? On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. 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. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. Is there any justification for this? 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.. Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. (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? This premium can also be expressed as 20% over spot. A silver Britannia is about 8 per coin over spot. It remains the lowest cost dealer but not by much. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. 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. Give me US$50 first and we'll see what happens after that. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. 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. First, let's define what a "premium" is in this context. 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). And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. And then they have to wait weeks or months in order to get more product from the distributors. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. Let me translate. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. Buy some. I think these numbers are made up, he said. 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. "It is so cheap relative to other metals and other. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). 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. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. The common mistake is just trying to go after retail. "Last time we got near US$30, very close to it. Watch on Black Friday is now Silver Friday thru December 23, 2021! Each . 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. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. 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. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. Many of these products are available in attractive designs and some are collected on their aesthetic merits. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. To anyone with a business education, it makes them look disgusting as they are manipulating facts. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. Why are silver premiums so high 2021. Clearing out retail helps, in a way, but is not what drives the price of the silver market. Inheritance has increased its price by more than $10.00/tube $727.21. 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.". When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. 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). 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%. Why are silver premiums so incredibly high? 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. I had to go the second page of Ebay results to find the lowest cost. Not sure what that is all about except to say that physical inventory must be pretty tight. Let me also be clear. How to prepare against a currency collapse. First, lets dive a little deeper into Neumeyers US$100 prediction. Now time to light the fuse of the powderkeg. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. Dont forget to follow us @INN_Resource for real-time news updates! And then trying to lecture me that theres no shortage. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Is something up, yet again, in the physical silver market? With silver at $14 oz. Current percentage premium is under 24%. Don't be the last to know about the latest deals and new product arrivals. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. 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. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). As a by-product metal, investors can also gain exposure to silver through some gold companies. All these technologies require silver That's a pretty big (supply) deficit.". Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. Buy OneGold that says that it is allocated and a Sprott product. a $3 per coin premium amounts to twenty-one percent. Below, you will see your blueprint to get to $50 silver, and soon. 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. But anyone, really, can go to the COMEX today and take off millions of ounces. Meanwhile, theres a line a block long in line to buy. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. 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. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. If they sell to you at their exact same premium when times are normal, you and I would literally clean them out in a day. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Interesting huh? Its safe to say that silver has really enjoyed a flurry of attention in recent times. How does this REALLY end in higher silver prices? UPDATE 3/1/21 @ 12:50 PM EST: The scarcity has let up a bit as now there are three dealers offering Silver Eagles in quantity in the low $700 range for a 20 coin lot.