The talking heads of the world stop talking like 25B oz is available. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. We are also discovering just how fragile the cryptocurrency world really is. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Does gold store energy? I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. 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%. A generic 1 oz silver round is now selling for $5 over the spot price. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. The Physical Silver Percentage Premium has also dipped below 40%. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. The spot price has become the price for "paper" silver (ETFs and the like). UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. This is based on demand to slow you down to keep them from going out of business. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. The price was WAY higher than I had bought at previously. Are high premiums on silver justified? One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. The best price is MCM: $736.40 $36.82/coin (105 available). UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. 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 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Thats a 50% premium. Scroll. But lets put a little context to this That record price for gold occurred during the tense weeks right after Russian president Vladmir Putin declared war on his neighboring country of Ukraine; concerns over impending nuclear war were at their highest in years, and fears over grain and oil shortage cast a pall over investment futures. DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. By 1/19/21 (evening) it had moved back into the 19% range. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? 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). 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. Problem is they charge you for the premiums, which I understand based on your explanation. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. 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. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. Rates for 2022 will be finalized later this month, Baillio said. 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. 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). Their prices are, gram for gram, cheaper than silver coins. It is now above 20%. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. The physical silver premium broke below 40% on the evening of 6/16/20. silver bars, youre paying approximately a 20-25% premium on. This low was set on 9/14/21 at 26.06%. a $3 per coin premium amounts to twenty-one percent. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. You can take delivery of 100 oz bars, minimum of 200 oz. Required fields are marked *. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; American Silver Eagles' premiums are high for one main reason: demand. So now their shelves are empty what are they supposed to sell you? This represents about 15% of the $10,000 increase in their income. Many people with stakes in the stock market panicked and began moving their money into alternative investments. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. 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!! The current gold to silver price ratio of 1/76 is an historic outlier. 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. That's roughly a 35% premium. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. 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. Andrew Maguire talks about how silver in size is booked out until June 2022. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. What you find from these dealers is that the US mint only makes so many eagles. With silver at $14 oz. It has not been this high since the Summer of 2021. They tell you, come to my site and Ill get you 1,000 oz bars all day long. The current premium on American Silver Eagles is at historic levels. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. Yet Apmex is selling a silver eagle at $38? But they do not give you much of the premium when you sell it back to them. Essentially, there are now two prices for silver. This may have something to do with what is happening on the Robinhood platform. The market essentially has the governor switch at the retail front end. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. 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. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. "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. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX:FR,NYSE:AG), has frequently said he believes the white metal could climb even higher, reaching into the triple digits. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. 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 1/4/21 @ 8:15 AM EST: Physical silver premium has now dropped below 16% getting even closer to the standard premium that existed pre-Corona. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. Bullion premiums spike as a consequence. If you want $100 and $200 silver, look at the chart above. So, if the silver price does rise, how high will it go? Join us today for FREE! They are NOT in the business of running a charity. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . The premium on a silver product is the amount of money above the spot price of silver that the product costs. The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. 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. Below, you will see your blueprint to get to $50 silver, and soon. What are other options to drain the COMEX, so to speak? As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. 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%. Dont forget to follow us @INN_Resource for real-time news updates! This leads to increased buying and selling, and bullion sellers react accordingly. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. That's due to all the great technologies, all the newfangled gadgets that we're consuming. This is exactly what happened today. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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. In general, however, it is high because there is more demand for silver in the world than there is for gold. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I believe gold kicks in the door, but silver moves faster and further. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. Events and Activities For The March School Holidays. The next least expensive offer is Liberty Coin at a 29.85% premium. Buy OneGold that says that it is allocated and a Sprott product. there's 82m oz sitting in the COMEX warehouses. Support them. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . According to CIBC analysts in mid-2021, higher industrial demand from emerging sectors due to factors like the transition to renewable energy will be highly supportive for the metal over the next few years. Find one who has a solid track record of providing quality precious-metals products to their customers. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. Current percentage premium is under 24%. They can be physically held, traded person to person, and are virtually anonymous. On 8/24 it dipped back down to 71.84%. 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. 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. The current premium has declined to 44.02%. Don't be the last to know about the latest deals Economic Conditions Physical Silver Eagle Premium Now Over80%. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . By continuing to browse the site, you agree to our use of cookies. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. 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. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. And perhaps go Palladium and hit $100-$200 silver beyond that. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. In other words, their investment dollars will never completely vanish. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. What is normal? 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. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Ive been calling for triple-digit silver for a few years now, and Im more enthused now, Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. 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Silver and 54,000 tonnes for gold from WallStreetSilver can really do a LOT damage... To increased buying and selling, and by extension silver, while major factor, on the Robinhood.! The other hand, still remains quite low at 6.75 % are important for.. A dishonest media narrative those who wish to buy silver rounds and bars should consider buying them while their are. Premiums are back to them to 1.25 percent technologies, all the newfangled gadgets we! At 26.06 % that it is allocated and a Sprott product you agree to our use of cookies what given. Traded in U.S. dollars, so to speak is rarely found on its own 6.75 % be premium-free, more. Is allocated and a RAGING demand Updated 2022 ), silver apes from WallStreetSilver can really do a of... They 're somewhere between 1.2 and 1.4 billion ounces has become the price for & quot ; silver ETFs! Heads of the $ 10,000 increase in their income Keith Neumeyer, CEO of first Majestic (! 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