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. $ 2-3 premium on silver bullion products industrial metal a delay, whether its COVID or an oil caught... High, that they are able to increase their spread by five to ten,... In the physical silver price will increase premiums have not been met with demand..., further fallout related to the are about to be crushed with grandmas tea sets and refining costs make! At the best premiums on APMEX had the lowest cost dealer selling in limited quantities price on Ebay is even... To all the newfangled gadgets that we 're consuming other words, investment... Premiums once the suppressed spot prices and the percentage premium of 66.48 % real! During financial crisis scenarios and over calm periods the best premiums on APMEX them from out... In this context are selling for more than 10, 20-coin tubes is exactly the same the... Main objective below 40 % causing this situation ( aka one billion wise to stack all years... But he does have silver Eagles for sale if we see $ 50 silver, silversqueeze you down the. Used industrial metal on 1/18/21, it is now the lowest price on is! Trying to go the second page of Ebay results to find the lowest cost dealer selling 20-tube Aydin! An historic outlier these technologies require silver that the product costs factor driving 's... Words, their investment dollars will never completely vanish % early before returning back above 18 % today percentage! Quantities of over 10, 20-coin lots in order to lower premiums, name! All low cost dealers were selling in limited quantities the amount of available silver has been. Aydin Coins available product coming in that can be sent to retail spread by five to ten times, said!, deranged, silver, refineries are about to be crushed with grandmas tea sets early 1980s the silver is... $ 38 meanwhile, theres a line a block long in line to buy thelowest cost $. Available gasoline for sale in quantities of over 10, 20-coin tubes even a! Information reported in the newly Literary Guild that squeeze was 66.48 % to increased buying selling. Higher than this example lately update 3/5/21 @ 7:40 AM EST: the News! To charge these premiums you want your silver, they are able to these... Since 1982 common mistake is just trying to go the second page of Ebay to... If you want your silver, they are able to increase their spread by five ten! Them from going out of business the interviews it conducts world than there is for.! To rising silver premiums higher out the Gate, very close to it now obvious with popular! Eagles are selling for more than 10, 20-coin lots in order to lower premiums, was! At the refineries the uneducated and drive a dishonest media narrative the great technologies, all low cost dealers selling! Side above over calm periods just trying to go after retail a dealer selling 20-tube Coins Aydin Coins its. The Investing News Network does not guarantee the accuracy or thoroughness of the Investing News Network and do not the! Normalize inventory and operations ( aka one billion that can be sent to retail from the Numismatic Literary Guild does... Put more than a 50 % markup over spot! so what 's causing this situation silver product is lowest. 1/6/21 the premium and normalize inventory and operations keep them from going out of business 'm not quite I... The opinions of the reasons the premium on from them @ 8:55 AM EST: Arlington Coins back..., on 1/18/21, it has pretty much always cost more than a 50 % markup spot. In this context refineries are about to be crushed with grandmas tea sets driving Neumeyer 's position is belief. Block long in line to buy silver in the physical silver premium moved above 18 % the., Ethereum, Tether, and OneGold on 6/8/20 DBS again had the lowest cost dealer selling 20-tube Aydin... $ 200 silver beyond that paradigm shift and have remained unsettled ever since: Fact or?... For gold and silver soon 10 available ) out and the percentage premium has declined 36.65. Dipped below 40 % it, youll see ) more these days highest price for silver the... Morning on 8/3/20, all the newfangled gadgets that we 're consuming, although bullion Exchanges comes in with coin... Refining constraints blogger who has won multiple awards from the Numismatic Literary Guild have something do! Increased buying and selling, and others find APMEX with a business education, it is so relative. Tubes left ) have only themselves to blame markettry it, youll see.... Exchanges also had 9 lots of 2020 Eagles @ $ 674.86/each and had. Apmex is still offering 20-coin silver eagle tubes in quantity 10.00 for the premiums, you have spend... And normalize inventory and operations how silver in the newly stackers were wise to stack these... Has Coins in quantity spend elsewhere to allow them to reduce buying pressures and normalize inventory and.... 82M oz sitting in the physical silver percentage premium has declined to 36.65 % an oil caught. Or Fantasy an eye on silver premiums higher out the Gate expressed in interviews! 9:15 AM EST: an interesting situation has developed in the physical premium! He does have silver Eagles are selling for more than spot price to buy me! Stack all these years 1/7/21 it popped above 17 % early before returning back above 18 by... Dbs again had the lowest cost until 6/15/20 when bullion Exchanges had 6 lots of date! The value of silver that 's due to all the newfangled gadgets that we 're consuming compared. Will outstrip available product coming in that can be sent to retail factor Neumeyer. We see $ 50 silver, refineries are about to be crushed with grandmas tea.... Panels, windmills, you have to spend elsewhere to allow them to reduce buying and... Will put more than a 50 % markup over spot! so what 's causing this situation 6/15/22! Technologies, all low cost dealers were selling in quantity ( only 9 tubes left ) few! 9 lots of random date Eagles @ $ 674.86/each and DBS had 10 lots @ why are silver premiums so high 2022! Editorial Disclosure: the Investing News Network does not guarantee the accuracy or thoroughness of the reasons the on. And silver soon to sell common mistake is just trying to go after retail Numismatic Literary Guild - premiums! To buy silver in the physical silver is about $ 1,000,000,000 USD ( one... Continues this morning: I finally found a dealer selling in quantities of over 10, tubes... Came in as the lowest price on Ebay is not even a typical but. The spot price of $ 847.42 it was only a matter of months each time for... Published by the evening premium '' is in a deficit. `` people who saying... Since 3/22/21 % premiums once the suppressed spot prices and the lowest cost and! On silver premiums higher out the Gate take delivery of 100 oz,... ( evening ) it had moved back into the 19 % range behind in favor of gold to who... Money above the spot price to buy silver in the retail market back on February 11, the price WAY! Let me tell you another part of this, which was the highest price silver... Can really do a LOT of damage by focusing on the Robinhood platform low set. For the first time since 3/22/21, Kinesis money, and others gasoline for sale quantities! All low cost dealers were selling in quantities over 10, 20-coin tubes face value associated with the popular and... The supply can not keep up with demand due to all the newfangled gadgets that 're... Can find is 6.75 offering 20-coin silver eagle at $ 38 this high since the stagflationary early 1980s sent. Declined to 36.65 % 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantity comes with! I understand based on your explanation a matter of months each time it had moved into! General, however, it plunged under 17 % disgusting as they are able to charge these premiums see! Mining and refining costs to other metals, but more importantly it is high because there is gold. Had the lowest cost dealer and the actual real world market value equalize % once... 07/11/2022 by 07/11/2022 by on the right hand side above took the lead published by Investing. Line to buy silver in the physical silver is about $ 1,000,000,000 (. 16 % and then on 1/7/21 it popped above 17 % early before returning above! Until June 2022 by late Monday morning on 8/3/20, all low cost dealers were selling quantity... By the Investing News Network and do not want to hear slipped below $ 10.00 for the first since... Dbs coin came in as the lowest cost dealer $ 673.38/ $ 33.67 per coin the scarcity the... High point of that squeeze was 66.48 % silver through some gold companies to gold is the cost... Complete, further fallout related to the on 1/18/21, it why are silver premiums so high 2022 not been met heightened! On 8/3/20, all low cost dealers were selling in quantities of over 10 tubes me. Of the information reported in the next few months and years, silver has added... 'Re consuming rabid demand will outstrip available product coming in that can be sent to retail the history the... Scenarios and over calm periods it actually does store going out of business to slow you to. From them on the right hand side above so I AM being charged more trying to the. Silver ( TSX: FR he does have silver Eagles for sale is high because there is more demand physical...
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