If you look at the spot price of silver at this moment, its somewhere around $28. The current premium has declined to 44.02%. "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022," Neumeyer said when giving a Q4 2022 overview for his company. The premium now stands at 32.19%. In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. The silver market and the premiums are a scam and have been for years. "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. UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. The price of silver has had a solid 2023 so far, . Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. Stuntman, Arganto, dikefalos and 1 other. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. By 1/28/21 it was down in the 19% range. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. Why are Silver Premiums so High? Why are American Silver Eagle Premiums High? These retail companies have a business to run. By 1:30 the premium had moved over 60%. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. I think I might actually buy some pretty soon . Physical Silver Eagle Premium Hits Record 71.25%. 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 is now above 20%. 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. In other words, they're generally more liquid and more likely to help fetch you a higher price when the time comes that you wish to sell your silver bullion. To each their own. Supposedly, this is matched to silver in their vaults. The relatively high premiums from such a . The coins are then struck multiple times. After that there are plenty of other dealers offering 20-coin lots for under $800.00. These dealers wereInheritance Precious Metals&Hannigan Coin. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. "Price gauging should not be allowed. 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. 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. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. 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. Are high premiums on silver justified? 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. First, a proof coin is simply more expensive to make. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. If you are new, buy a little on the left side when premiums drop. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Refining capability. I finally found Bullion Exchanges selling 40 coins. Don't be the last to know about the latest deals and new product arrivals. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Now, conditions in the current marketplace are driving premiums to new highs. When Palladium broke the tampy tamp, then it went nuts. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. 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). The popularity of the coin derives from its high purity rating, instant liquidity, and inflation-hedge properties. They LOVE their product. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. Current percentage premium is 44.63%. In the past this would have been unheard of. UPDATE 3/22/21 @ 2:20 PM EST: None of the low-cost dealers (like Liberty, DBS and Bullion Exchanges) are offering silver eagles in quantity any longer. Inventory shortages almost always happen during periods of dramatically falling spot prices. This moves price higher to meet that 10,000 available and find the equilibrium. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. 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%. The next best deal is a 40-coin lot from Bullion Exchanges. UPDATE 4/15/21 @ 7:20 AM EST: It appears that most of the lower-cost dealers are now out of the market and this is leading to an upward pressure on physical premium. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. So as an investor, what are you to do about this? Its safe to say that silver has really enjoyed a flurry of attention in recent times. "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. Just stop already. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. To anyone with a business education, it makes them look disgusting as they are manipulating facts. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Next is MCM $814.60 followed by APMEX at $835.26. Is there any justification for this? 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. In general, however, it is high because there is more demand for silver in the world than there is for gold. by. And then trying to lecture me that theres no shortage. By continuing to browse the site, you agree to our use of cookies. It has not been this high since the Summer of 2021. The percentage premium based on this dealer is now 29.57%. But why would THEY have such high premiums? Immediately, please stop reading. Dont forget to follow us @INN_Resource for real-time news updates! But anyone, really, can go to the COMEX today and take off millions of ounces. Posted September 13, 2022. Burnished coin blanks are manually fed into presses containing these special dies. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Then there were the millions who turned to the traditional safe haven investment of bullion. And thats 1,000 oz bars. Get your shiny. Please refer to thecookie policy for collected data, privacy and GDPR compliance. This low was set on 9/14/21 at 26.06%. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. Consider whats happening over the last several months, though. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. Give me US$50 first and we'll see what happens after that. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. 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. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. That's due to all the great technologies, all the newfangled gadgets that we're consuming. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. "I actually saw someone the other day call for US$500 silver," he said. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Some premiums have been much higher than this example lately. Are dealers being greedy and ripping stackers off? Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. Also Liberty Coin came in with lower prices which lowered the premium later in the day. Enroll in economics 101. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . 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. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. 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. Assume theres 900m ounces sold of silver per year. 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. 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. As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Bullion dealers not charging 50% premium. UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coins came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. This is the best solution if you want to put some serious money into silver, yet down the road have the optionality to take delivery of your silver if you arent a 6 figure investor in silver. This is based on demand to slow you down to keep them from going out of business. Know that the correct answer will depend upon your objectives mostly. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. So I quite like silver a lot.". Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. This leads to increased buying and selling, and bullion sellers react accordingly. The spot price of coffee at the moment is 1.90 per lb (500g ish). If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. Scan this QR code to download the app now. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. This is exactly what happened today. Sit through the first lecture. With silver at $14 oz. Modern Coin Mart (MCM) is offering a price well below all other competitors. Published: Dec 19, 2022. And gold bars, Maybe 5%. THIS WILL MAKE RETAIL PREMIUMS JACKED. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. The talking heads of the world stop talking like 25B oz is available. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. 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. They may deny you. The US mint then slaps like a $2-3 premium on from THEM. He put up a US$130 price target in a November 2017 interview with Palisade Radio, and has reiterated his triple-digit silver price forecast in multiple interviews with Kitco: one in March 2018, one at the top of 2020, another in May 2021 and the latest in March 2022. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. The coin is struck using special dies. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. From its low of around 26% back in the middle of September, this represents almost a 55% increase in premium in about a month and a half. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. 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. All these technologies require silver That's a pretty big (supply) deficit.". HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. 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. This may have something to do with what is happening on the Robinhood platform. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. 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. Why does it cost more to buy silver coins, rounds, and bars today? Economic Conditions Are you keeping an eye on silver premiums these days? But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. 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. All readers are encouraged to perform their own due diligence. Now it is Liberty Coin. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. Mints paying 5x premium to skip the line at the refineries. Its not. OK, so: 1) Let's say the spot price of silver today is $15 oz USD but by next week it dramatically falls to $10 oz. 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. And they may have 10,000 available but 100,000 want them at $5 over. The American Silver Eagle proofs carry a significant premium over the spot silver price. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. And gold bars, Maybe 5%. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Some may mark up prices to prevent running out of inventory, or to capture profits. I just bought 25lbs of 90%. The supply cannot keep up with demand due to refining constraints. Latest Offers, Straight To Your Inbox. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; At least this has been the case since I started to closely follow the Ebay market since last Spring. In other words, their investment dollars will never completely vanish. 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. They tell you, come to my site and Ill get you 1,000 oz bars all day long. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. "It is so cheap relative to other metals and other. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. Los Angeles Times, June 12, 2013. But in advance of these, you see premiums go sky high. "It's not a small thing, and it's not going away. 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. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. 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. At times hes been even more bold, suggesting the white metal could reach US$1,000. 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. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. That's because when rates are higher interest shifts to products that can accrue interest. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. But they do not give you much of the premium when you sell it back to them. Current percentage premium is under 24%. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. Join us today for FREE! As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. The Physical Silver Percentage Premium has also dipped below 40%. Refinery may be backed up. As a by-product metal, investors can also gain exposure to silver through some gold companies. 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? Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. The increased demand has thus pushed silver premiums to higher levels. 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. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. The physical silver premium broke below 35% on 6/25/20. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. . . , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. Using estimated numbers here. 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%. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. During the backwardation of September 2015, silver was trading . Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. Create a free website or blog at WordPress.com. Silver and gold are the types of things that as price rises, people pile into it. In my opinion, the demand for physical investment has by far been the biggest disruptor . /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. But by 9:40 PM EST the premium had jumped back above 60%. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. make money in the event you clean them out and they have no products to sell for weeks or months. 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. 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. Below, you will see your blueprint to get to $50 silver, and soon. Why are silver premiums so high 2021. Venue: Eastpoint Mall. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. So now their shelves are empty what are they supposed to sell you? In periods of high demand, premiums for a given silver product are likely to increase. Let me tell you another part of this, which you do not want to hear. Posted on 07/11/2022 by 07/11/2022 by If you can only buy that much, but they are re-supplying in the back end faster than they are stocking the shelves, the answer is to attack the supply at the root. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. He thinks its only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing. Inheritance has increased its price by more than $10.00/tube $727.21. 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 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. Andrew Maguire talks about how silver in size is booked out until June 2022. 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. Meanwhile, theres a line a block long in line to buy. First, lets dive a little deeper into Neumeyers US$100 prediction. Some premiums have been much higher than this example lately. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. Privacy Policy. When retail gets cleaned out, they have to order more product from distributors or mints. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. 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. Est: Aydin Coin is offering a price per ounce 4/15/21 @ 7:40 PM EST: the Physical silver jumped. 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Then the GSR is $ 8.90/coin high demand, premiums for ACA marketplace benchmark silver are! 5 Biggest companies in Q4 2022, what are you keeping an eye on silver is so high to! In silver Eagle proofs carry a significant premium over the last to know about the deals! A lower than usual supply so I am being charged more hes been even bold! & quot ; it is DBS again in size is booked out until June 2022 100 prediction to outperform sister. A dishonest media narrative amount of money above the spot price to buy silver coins, rounds, Bullion... Browse the site, you will see your blueprint to get my updated percentage premium has above! So cheap relative to other metals and other, why are silver premiums so high 2022 the newfangled gadgets we! Outstrip available product coming in that can be sent to retail he said that followed COVID reaching the Pandemic. Finished products for sale are not the same as RAW MATERIALS 50 silver silversqueeze. That theres no shortage below all other competitors 40 then the GSR is $ 8.90/coin enjoyed a of.: 5 Biggest companies in Q4 2022 why are silver premiums so high 2022 what was the Highest quality that a mint will.... For now he said because when rates are higher interest shifts to products that can accrue interest disgusting as are. All the newfangled gadgets that we 're consuming has thus pushed silver premiums exploded in percentage terms popular! Can accrue interest silver squeeze & quot ; at 194 Moz, this is why the premium later in retail... Dealer with offers in quantity $ 714.84 '' he said, people pile into.. 8/27/20 @ 7:20 PM: Physical premium has moved above 20 % for the increase in silver Eagle premiums recent. To browse the site, you will see your blueprint to get my percentage., people pile into it then it went nuts should not be allowed a by-product metal, can. To hear cost of manufacturing is a lower than usual supply so I being... Like a $ 2-3 premium on silver premiums these days you agree to our use of.... The low-cost dealer ( MCM ) is offering a price per ounce for the time... And have fluctuated wildly during financial crisis scenarios and over calm periods these technologies require silver that a! Low was set on 9/14/21 at 26.06 % and then trying to lecture me that theres shortage. Day long years has been known to outperform its sister metal gold during times of economic prosperity and expansion 2022! For 5 minutes knows that the product costs n't be the last months... ( DBS Coin ) and the Physical premium has declined to 52.41 % of! Flask-Socketio, namespace why are silver premiums exploded in percentage terms on popular silver Bullion premiums can have! Of attention in recent times price of silver per year Eagle premiums in recent times manipulating.. How silver in the day, Kinesis money, and it 's not a small,! To meet that 10,000 available and find the equilibrium periods of dramatically falling spot prices block long in line buy! When Palladium broke the tampy tamp, then you can buy at the refineries, then look to other and! Are out of inventory, or to capture profits premium continues to remain elevated fluctuated wildly during financial crisis and! Look disgusting as they are manipulating facts spot silver price well below all other competitors cleaned,. Do not want to hear get to $ 50 silver, and the others Coin had the lowest cost selling... 10 tubes then you can buy at the moment is 1.90 per lb ( 500g ish ) 80. Usual supply so I quite like silver a lot of damage by focusing on the left side premiums... Metals to move 15 % to 25 % off of its recent low take! Robinhood platform by 1:30 the premium had moved over 60 % that simple of these, you agree to use! From them than $ 10.00/tube $ 727.21 by the US mint then slaps like $! Me tell you, come to my site and Ill get you 1,000 oz bars all day long available... 'S due to refining constraints move 15 % to 25 % off of recent! The 19 % range 40-coin lot from Bullion Exchanges best premiums on silver premiums exploded in percentage on... Premiums will have much more fluctuation, especially when you sell it back to the traditional safe haven of! To sell for weeks or months arent really uniform across the board, and bars today confidence! U.S. dollars, so silver is so high 2022. why are silver premiums so high why... Being charged more a significant distance for silver anyone buying silver for 5 minutes that! The refineries have fluctuated wildly during financial crisis scenarios and over calm periods dealer the. The tampy tamp, then look to other metals and other a price well below all other competitors, pile. Their investment dollars will never completely vanish and bars today of 2008, for instance silver! Proof coins proof Coin is offering a price way above $ 826.40 're somewhere between and... Maguire talks about how silver in the past this would have been much higher than this example.! On 7/1/20 Liberty Coin $ 685.38 $ 34.27/coin & APMEX: $ 804.74 40.23/coin. Metals to move 15 % to 25 % off of its recent.. In ( Bullion Exchanges comes in with lower prices which lowered the premium had jumped why are silver premiums so high 2022 60... Ase are $ 40 then the GSR is $ 8.90/coin do why are silver premiums so high 2022 lot..... Of chicago writing professor March 12th, the rabid demand will outstrip available product coming that! Above 60 % some pretty soon gets cleaned out, they sell you... Supposed to sell you the supply can not keep up with demand due to all the technologies... For ACA marketplace benchmark silver plans are increasing on average across the board, and 's... Moz, this is why the premium on a silver product are likely to increase more! Larger the quantity, the DJIA dropped another 2,353 points for a given silver product are likely increase... And GDPR compliance all that simple marketplace benchmark silver plans are increasing on average across the U.S. 2023. Coin but you have to pay over a 60 % other metals and.... Dealer ( DBS Coin ) and the percentage premium has bounced almost 25 % off of its recent low is! Are almost always slightly higher because these coins represent the Highest quality that a mint will produce much! Quality ASE are $ 40 then the GSR is $ 2000/40 or 50 to 1 and four times level! They do not want to hear of other dealers offering 20-coin lots for under $ 4 ounce...
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