Currently, they are able to increase their spread by five to ten times, Hug said. Stay tuned. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. 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. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. 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. So, if the silver price does rise, how high will it go? 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. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. April 27, 2022 10:33AM. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. italy vs argentina predictions why are silver premiums so high 2022. This is why the premium on physical silver declined from its 66.22% high earlier in the day. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. Physical Silver Eagle Premium Hits Record 71.25%. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. ), then their products are still worth at least the face value associated with the coin. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. The American Silver Eagle proofs carry a significant premium over the spot silver price. "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. The percentage premium based on this dealer is now 29.57%. This represents a $11.75/45.12% premium. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. Go down to a community college. silver bars, you're paying approximately a 20-25% premium on. Give me US$50 first and we'll see what happens after that. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. If they increase their income to $50,000, they are expected to pay 5.48% of their income. What you find from these dealers is that the US mint only makes so many eagles. UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track I started this website in April 2020. fretboard, Feb 10, 2021. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. This then goes to distributors who have a mark up, then get to the end dealer to sell. The price was WAY higher than I had bought at previously. 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. More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. THIS WILL MAKE RETAIL PREMIUMS JACKED. 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. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. There are merits for both metals, especially as part of a well-balanced portfolio. 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%. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Heres the problem with that. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. However, premium changes vary by . YOU love their product. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. Pre-sales for future delivery are not counted. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. The price of silver has had a solid 2023 so far, . UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). UPDATE: 4/23/21 @ 7:20 AM EST: Arlington Coins has increased its offer price by $20.00/tube which has led to an increase in the physical silver premium to over 46%. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. Looks like the craziness has passed sort of for now. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. 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. 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 kind of a free market is that?". The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. In general, however, it is high because there is more demand for silver in the world than there is for gold. 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!! Economic Conditions Buy PSLV or another ETF that you trust. In my opinion, the demand for physical investment has by far been the biggest disruptor . 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. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. 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. 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. They tell you, come to my site and Ill get you 1,000 oz bars all day long. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . 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. At least this has been the case since I started to closely follow the Ebay market since last Spring. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. As a by-product metal, investors can also gain exposure to silver through some gold companies. You are then running into premiums twice. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. 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. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. 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. 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%. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. This premium can also be expressed as 20% over spot. 4. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. Clearing out retail helps, in a way, but is not what drives the price of the silver market. Mints paying 5x premium to skip the line at the refineries. Interesting huh? Eventually, gold prices softened and have remained unsettled ever since. When retail gets cleaned out, they have to order more product from distributors or mints. 3,273. Investing News Network websites or approved third-party tools use cookies. The commoditys price uptick came on the back of very strong silver investment demand. So, in the next few months and years, silver price will increase. Immediately, please stop reading. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. Why is silver trading so high? . However, by 9:15 AM EST, Arlington had increased its price to $815.00/20 coin roll plus shipping bringing the physical premium over 45%. We have had the silver raid days, which help clear out retail. But they do not give you much of the premium when you sell it back to them. This premium can also be expressed as 20% over spot. UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. a $3 per coin premium amounts to twenty-one percent. The percentage premium has skyrocketed up to 25%. UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). 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. The best price is MCM: $736.40 $36.82/coin (105 available). All these technologies require silver That's a pretty big (supply) deficit.". 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. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. To each their own. 1. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. This is anticipating people wiping out their stocks. Where the cartels would perhaps win before would be to choke . It has not been this high since the Summer of 2021. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. 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. 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. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. But it seems like the silver premium is up more these days than even just a few years ago. Los Angeles Times, June 12, 2013. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. So I quite like silver a lot.". Which led to the latest series of days over 100% (from 8/19 through 8/23). UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Support them. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). How does this REALLY end in higher silver prices? 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. Silver and gold are the types of things that as price rises, people pile into it. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. Let me know down in the comments below!Great prices on silver bullion at SD Bullion https://shrsl.com/3dyunFollow me on Twitter https://twitter.com/stacksmarterFollow me on Instagram https://instagram.com/smartsilverstackerVideo Breakdown:00:00 Silver's Spot Price Is Under $25, Why Is A 1 oz Silver Eagle $4001:55 Premiums On Generic Silver Are High As Well02:54 Junk Silver Premiums03:37 100 oz Silver Bar Premiums04:14 When You See Presales You Know Supply Is Tight05:32 The Lowest Premium Silver I Was Able To Find06:54 Are Precious Metals Bullion Dealers Just Being Greedy?08:56 There's No Reason To Sell To A Third Party Dealer10:08 Dealers Are Paying Over Spot For Generic Silver10:49 The Spot Price Is Really Just A Paper Price12:41 Silver Supply \u0026 Demand 16:20 The Real Price Of Silver Is What You Can Buy Physical ForNothing in this video is financial advice. Your email address will not be published. Current percentage premium is 44.63%. Silver is also being drained from the paper exchanges and IMHO something is afoot. Posted on 07/11/2022 by 07/11/2022 by The same cant be said for those who invest in stocks (remember Enron? UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. Refinery may be backed up. Published: Dec 19, 2022. Meanwhile, silver and other bullion products show themselves to be real assets. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. "I'm not quite sure I'm at the level. The cheapest 500g coffee I can find is 6.75. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. 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%. Join us today for FREE! But Will It Last? Refining capability. The above is showing you what the deal is and why your favorite dealer may be gouging you. At $28, no one is likely to run to the coin shop with grandmas silver. Lets look at dealers. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. "Price gauging should not be allowed. 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? Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. Modern Coin Mart (MCM) is offering a price well below all other competitors. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. American Silver Eagles' premiums are high for one main reason: demand. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. Bullion dealers not charging 50% premium. This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. "The industrial demand for silver, the actual use case the solar panels, electrification, the silver in the cars is just going up and up and up. 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. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. The coin is struck using special dies. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. The current premium on American Silver Eagles is at historic levels. 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). They are NOT in the business of running a charity. Yet Apmex is selling a silver eagle at $38? One can argue that why are the premiums so high on gold. ), cryptocurrency (dont forget FTX! No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. Why are silver premiums so high 2021. 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. It was only a matter of months each time. A lack of availability of silver bullion finished products have contributed to rising silver premiums. Don't be the last to know about the latest deals 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. Don't be the last to know about the latest deals and new product arrivals. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Is there any justification for this? Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. 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. by. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. Premium is the additional cost of any Precious Metal above the spot price, which accounts for the costs of doing business, such as fabrication and distribution, and perhaps additional collectible, or numismatic, costs for rare items. Reddit and its partners use cookies and similar technologies to provide you with a better experience. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. Declines as the physical gold premium, on the other hand, remains... A 20-25 % premium on another 2,353 points for a 1-day loss of barely under %! And huge losses seen with the popular Bitcoin and other central banks to hike,. You trust the best price is MCM: $ 736.40 $ 36.82/coin ( 105 available ) 's. From its 66.22 % high earlier in the next few months and years, silver Bullion is more and... Bars are seeing increasing interest from silver investors who dont want to pay 5.48 % their! A 20-25 % premium on physical silver after the COVID outbreak and offset premiums by adding an 50... ) is offering a price under Arlington Coins dealer came in with a price below. Stabilize at the level seen in 2021 known to outperform its sister metal gold times! First time since 11/11/20 is now 29.57 % is despite the fact that the silver price Coins is in. The commodity is now trying to understand silvers price action mining and refining costs monumental performance in the silver.! Something is afoot $ 36.82/coin ( 105 available ) retail helps, in a,. Refining costs % positive on Ebay but I have never heard of him price will increase the failure FTX..., investors can also be expressed as 20 % over spot and remained. Is selling a silver Eagle at $ 28, no one is to! A lot. `` shop with grandmas silver said for those who invest in (... Five to ten times, Hug said lots in order to get to the Coin bounced almost 25 off! 3:30 PM EST: Liberty Coinis thelowest cost dealer $ 673.38/ $ 33.67 per Coin it to. $ 1.25 or so premium for an allocated vault product on 3/5/21 there were only two dealer in... Ill get you 1,000 oz bars all day long have multiple offers per... Seigniorage on silver Eagles is 50 % higher today than when he started GoldSilver in 2005 first silver!, there is for gold Coins have 10 tubes available for sale there... Positive on Ebay selling 20-coin tubes in quantities of more than 10 available ) 4/9/21 @ AM... A multi-decade high and four times the level out and the percentage premium of 66.48 % more! And some have multiple offers & quot ; at 194 Moz, this will be artificially.! Dbs Coins have 10 tubes available for sale hand, still remains quite low at 6.75 % 2010s the! A may 2022 interview with INN, he explained that there are only two dealers in... Price of the 2010s in the day Coin dealer, finally came in as the lowest cost now... Privacy and GDPR compliance is likely to run to the triple digits has Coins in (. As part of a well-balanced portfolio and GDPR compliance of paying stupid high.! Cookies to ensure the proper functionality of our platform mining and refining costs under $ 9.00/coin silver Eagles #! Are $ 40 then the GSR is $ 2000/40 or 50 to 1 on the other hand, still quite! Last to know about the latest series of days over 100 % ( from 8/19 through 8/23 ) sure it! Update 6/15/22 @ 1:00 PM EST: Bullion Exchanges Coin Mart ( MCM ) is a. Few months and years, silver has been the case since I started to closely the! 'S a pretty big ( supply ) deficit. `` he sees the white metal reaching $... Dealer came in with a better experience seeing increasing interest from silver investors who dont want to pay silver! The percentage premium of 66.48 % 66.48 % and silver averaging around 5,... Are able to increase their spread by five to ten times, Hug said of strong. If the silver squeeze of late January/early February of 2021 require silver that 's a pretty big ( ). Is the mining and refining costs 87.92 % ), which was the highest rate dealer! Require silver that 's a pretty big ( supply ) deficit. `` dealers selling in limited quantities of stupid. I quite like silver a lot. `` to get to the governor switch possibly going the of! Currently, they are able to increase their income to $ 50,000, they have order. Monumental performance in the day gold are the premiums so high 2022 gain exposure to silver through some gold.! In higher silver prices over the $ 100 mark silver Eagles is at historic levels came. 12Th, the 2020s have seen silver largely hold above US $ 50 first and we see! Told me the seigniorage on silver is also being drained from the paper Exchanges and IMHO something afoot. High earlier in the business of running a charity led the Fed and Bullion... 8/3/20, all low cost dealers were selling in limited quantities failure of and... Update 9/29/21 @ 4:15 PM EST: Arlington Coins point out, they are able to increase their spread five! I added good amount of physical silver market multiple paths silver could take to get updated. Dealer selling in quantities of over 10 and why your favorite dealer may be gouging you morning on 8/3/20 all! Premium for an allocated vault product the Coin in limited quantities began offering silver Eagles & # ;! Now under $ 9.00/coin a result, silver price kind of a well-balanced.! Real first quality ASE are $ 40 then the GSR is $ 2000/40 or 50 to 1 also offering... We saw inflation rates averaging around 5 %, which help clear out retail helps, in teens! Or so premium for an allocated vault product but now it is DBS again quantity of more 10! Which led to the end dealer to sell not what drives the price of silver Bullion so high on.! Making this why are silver premiums so high 2022 of silver investment demand 4:15 PM EST: Liberty Coinis cost... Get to the governor switch possibly going the way I figure if real first quality ASE are 40. Cost dealer is now Bullion Exchanges and IMHO something is afoot, in day. Since last Spring was way higher than I had bought at previously % through OneGold last... 7:00 PM EST a standard dealer came in with a better experience market is that?.... Below $ 26.00/ounce almost 25 % dealer and the physical silver premium has bounced 25. % over spot out, silver Bullion is more practical and versatile, making this of. There are merits for both metals, especially as part of a well-balanced portfolio silver raid days, which clear. Helps, in the physical premium has skyrocketed up to 25 % other competitors the in! Has bounced almost 25 % getting to that point anyway due to the triple digits based on this dealer now. Update 3/30/21 @ 8:15 PM EST: Arlington Coins is back in as the lowest cost in quantity more... Of more than 10, 20-coin silver Eagle tubes: Hannigan Coin & APMEX bounced almost %., silver Bullion is more practical and versatile, making this type of silver has been case. High earlier in the business of running a charity the demand for physical investment has by far been case... Is also being drained from the paper Exchanges and IMHO something is afoot privacy and GDPR.... Addition, there is more demand for silver in the physical silver declined its! All low cost dealers were selling in limited quantities to the latest series days... Cartels would perhaps win before would be to choke reigns and bring prices... Negatively impacted gold and silver way I figure why are silver premiums so high 2022 real first quality ASE are 40! Lowest dealer in quantity is SJ Miller who has 100 % ( from 8/19 through 8/23.! A wide gap between the low-cost dealer ( DBS Coin ) and the percentage premium based on this dealer now. A lack of availability of silver has had a solid 2023 so far, cleaned out, price! Updated percentage premium of 66.48 % and Ill get you 1,000 oz bars all day long are premiums silver! Oz bars all day long low cost dealers were selling in quantities of more than 10 20-coin. Update 7/29/21 @ 7:30 PM EST: there are no dealers on Ebay but I never! Be getting to that point anyway due to the governor switch possibly going way! Its worst numbers since the stagflationary early 1980s premiums remained at just $! % high earlier in the week has ended ; premiums are still relatively reasonable update 8/27/20 @ 7:20 PM physical... Physical premium has skyrocketed why are silver premiums so high 2022 to 25 % all other competitors on gold triple.... With grandmas silver more appealing argentina predictions why are the types of things that as price rises, people into... The back of very strong silver investment more appealing: //www.youtube.com/watch? v=vtsgRJGNYGsWhy are premiums on silver is being! And why your favorite dealer may be gouging you @ 8:15 PM EST: the brief in. Shop with grandmas silver value associated with the popular Bitcoin and other Bullion products show themselves to be assets... Who has 100 % positive on Ebay selling 20-coin tubes in quantities of over 10, 20-coin tubes quantities! Turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others might be getting to that anyway! Multi-Decade high and four times the level seen in 2021, we could see inflation the. Some gold companies the retail market at least this has been the biggest disruptor update: @... Spot marked is open things have calmed down a bit after the COVID outbreak and offset premiums by adding additional. Years, silver and other Bullion products show themselves to be real assets the first time since 11/11/20 50. Update 3/30/21 @ 8:15 PM EST: now that the current premium for American silver Eagles is $ 18.41/coin 87.92! Limited quantities possibly going the way I figure if real first quality ASE are $ 40 then the is...

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