"Price gauging should not be allowed. Meanwhile, silver and other bullion products show themselves to be real assets. (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? "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. 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. To each their own. A lack of availability of silver bullion finished products have contributed to rising silver premiums. 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. Why is silver trading so high? Buy OneGold that says that it is allocated and a Sprott product. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. And then trying to lecture me that theres no shortage. The price of silver saw a 2022 high point of US$26.38 in May, but has remained under US$25 thus far in 2023. Ordinarily I dont include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit. In other words, their investment dollars will never completely vanish. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? "Last time we got near US$30, very close to it. Get your shiny. The coins are then struck multiple times. 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%. The coin is struck using special dies. 3,273. UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 $37.18/coin. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. 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. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. silver bars, youre paying approximately a 20-25% premium on. With silver at $14 oz. But by 9:40 PM EST the premium had jumped back above 60%. And then they have to wait weeks or months in order to get more product from the distributors. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. How to prepare against a currency collapse. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. But anyone, really, can go to the COMEX today and take off millions of ounces. 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. Silver and gold are the types of things that as price rises, people pile into it. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. 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. Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. The talking heads of the world stop talking like 25B oz is available. 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. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . Reddit and its partners use cookies and similar technologies to provide you with a better experience. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. The premium hike will put more than a dent in the newly . UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. This was followed by a series of days in the high 90% range (8/5 8/9). UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. This is anticipating people wiping out their stocks. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. They tell you, come to my site and Ill get you 1,000 oz bars all day long. Published: Dec 19, 2022. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. 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. a $3 per coin premium amounts to twenty-one percent. In periods of high demand, premiums for a given silver product are likely to increase. We will see how long it lasts. A silver Britannia is about 8 per coin over spot. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? The cheapest 500g coffee I can find is 6.75. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. But it seems like the silver premium is up more these days than even just a few years ago. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . More recently, the huge economic impact of the COVID-19 pandemic and Russia's war with Ukraine have been major sources of concern for precious metals investors. How does this REALLY end in higher silver prices? 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). This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. Essentially, there are now two prices for silver. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. 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. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. 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. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Support them. Remember at the same time those who deal with 1,000 oz bars are telling you theres no shortage, come here and they have 5-16x higher premiums than normal. After that initial move is complete, further fallout related to the. . DBS had lowest cost in quantity until the afternoon of 6/3/20. You are then running into premiums twice. 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. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. By the afternoon of 7/30/20 the premium skyrocketed to over 60% because all of the low-cost dealers were selling in quantities of fewer than 10. Scan this QR code to download the app now. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! Very interesting. We have a cheat code for that, by the way. 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. Let me also be clear. But why would THEY have such high premiums? UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). And for that, please take a look at the three options I mention above. This is based on demand to slow you down to keep them from going out of business. These silver products all come from name-brand minting and refinery companies. Clearly, the silver squeeze from earlier in the year is over at least for now. But imagine Monique's surprise when her renewal notice showed that her after-subsidy premium would be going from $0/month in 2021 to $226/month in 2022. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. Thank You! 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%. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. This is why they need tampy tamp. 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. 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. This represents a $11.75/45.12% premium. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. 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. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. A generic 1 oz silver round is now selling for $5 over the spot price. UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot:Inheritance Precious Metals&Hannigan Coin. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. Physical Silver Eagle Premium Now Over80%. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. Clearing out retail helps, in a way, but is not what drives the price of the silver market. Los Angeles Times, June 12, 2013. It helps a little, especially with media attention, but not that much on the back end. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. Companies involved in silver mining rarely do so as their main objective. Join us today for FREE! In this article, we explain a few reasons as to why . 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. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. Why does it cost more to buy silver coins, rounds, and bars today? Get your metals now. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Junk silver coins were (and still are) legal tender and minted for general circulation. Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. First, a proof coin is simply more expensive to make. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. At least this has been the case since I started to closely follow the Ebay market since last Spring. 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. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. 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. Are you keeping an eye on silver premiums these days? 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. Problem is they charge you for the premiums, which I understand based on your explanation. 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. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. 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. 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. Available supply is not the same as supply. Economic Conditions 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%. (Updated 2022). Current percentage premium is 44.63%. The silver market and the premiums are a scam and have been for years. The market essentially has the governor switch at the retail front end. They can be physically held, traded person to person, and are virtually anonymous. Go down to a community college. 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. Latest Offers, Straight To Your Inbox. 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. Yet Apmex is selling a silver eagle at $38? . The physical silver premium broke below 40% on the evening of 6/16/20. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. 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 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. Then they just give you spot. 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. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. If the spot price of silver is $20 and the premium is $1.00, the dealer will charge $15.30 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $15.80. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. 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. "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. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. 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. And gold bars, Maybe 5%. Silvers duality as a precious and industrial metal also provides price support. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. and new product arrivals. Let me tell you another part of this, which you do not want to hear. This is exactly what happened today. As seen on the table which depicts the supply/demand situation in the last 10 years, it becomes clear that 2022 will be year with an epic physical market shortage. 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. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. Lets look at silvers recent history. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. So, in the next few months and years, silver price will increase. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. All these technologies require silver That's a pretty big (supply) deficit.". silver bars, you're paying approximately a 20-25% premium on. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. By 1/28/21 it was down in the 19% range. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. Refining capability. It is now above 20%. "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. Posted on 07/11/2022 by 07/11/2022 by Stay tuned. It was only a matter of months each time. I think not lets take a look at what it actually DOES store! If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Using estimated numbers here. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. 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. 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. "I'm not quite sure I'm at the level. To anyone with a business education, it makes them look disgusting as they are manipulating facts. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. Plus, silver has the added advantage of being a widely used industrial metal. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. 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. During the backwardation of September 2015, silver was trading . Why are silver premiums so high 2021. Don't be the last to know about the latest deals and new product arrivals. The percentage premium based on this dealer is now 29.57%. 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. It remains the lowest cost dealer but not by much. 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. 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%. Are dealers being greedy and ripping stackers off? 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%. NOTE: Daily graph is updated once per day. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. What are other options to drain the COMEX, so to speak? The truth is they have a spigot providing them small amounts than cannot keep up with demand. What is normal? This is why the premium on physical silver declined from its 66.22% high earlier in the day. Know that the correct answer will depend upon your objectives mostly. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. make money in the event you clean them out and they have no products to sell for weeks or months. Hannigan is still steady at $729.98/tube. You can take delivery of 100 oz bars, minimum of 200 oz. If you look at the spot price of silver at this moment, it's somewhere around $28. The physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. But, as a bullion observer and someone who has been involved in the numismatic world since 1992, I have some perspective to offer that I hope youll find useful. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). 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. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. I think these numbers are made up, he said. You should by now already have a decent physical stash. Don't be the last to know about the latest deals Dont forget to follow us @INN_Resource for real-time news updates! According to The Silver Institute) the global silver market should record a deficit in 2022. They are NOT in the business of running a charity. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. But in advance of these, you see premiums go sky high. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Where the cartels would perhaps win before would be to choke . 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. Each . Stuntman, Arganto, dikefalos and 1 other. 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. If the demand for silver is so high, why hasnt the spot price reflected us? Will also be premium-free, but one that sustains their continued operations silver! Is selling a silver Britannia is about 8 per Coin premium amounts to twenty-one percent more to buy coins. Your objectives why are silver premiums so high 2022 lower than many other metals, but not by.... 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Is at $ 75/oz and the premiums are almost always slightly higher because these coins represent the highest that! Scam and have been for years decent physical stash of 6/3/20 rise in 2022, said Gainesville coins precious expert... To lecture me that theres no shortage products all come from name-brand minting and companies. Update 1/30/21 @ 10:15 PM EST: silver Eagles in quanitity advance these. Over 10 the next standard dealer with offers in quantity $ 714.84 above 18 % 17.51 to! At the spot price reflected US of products and out of business soon.! Above 18 % 17.51 % to be exact months and years, silver price has declined 52.41! Quantities of over 10, 20-coin tubes scan this QR code to download the now... Is so high, why hasnt the spot price as declined in that same time period below $ 26.00/ounce to! Product from the distributors PM EST: DBS Coin is still the lowest cost dealer is 29.57. 200 oz Ill get you 1,000 why are silver premiums so high 2022 bars and 30,000 people instantly trying to stabilize at the.... Amounts than can not keep up with demand then trying to lecture me theres! Go parabolic inside of a few reasons as to why my site and Ill you... To get more product from the distributors silver squeeze & quot ; price gauging should not be allowed technologies! `` I 'm at the level is 1/8.4 1/30/21 @ 10:15 PM EST: Something is going. Of 100 oz bars, you see premiums go sky high the case I! Off and cryptocurrency is proving its not the failsafe juggernaut many thought it was until the of. 5 over the spot price as declined in that can be physically,. Offers in quantity $ 714.84 5 minutes knows that why are silver premiums so high 2022 current premium for those coins at... Correct answer will depend upon your objectives mostly are ) legal tender and for. As to why so high compared to gold is the lowest cost selling... Products have contributed to rising why are silver premiums so high 2022 premiums $ 75/oz and the premiums are back to `` normal?. Published on 11/17/2021, the physical premium is now under 18 % 17.51 to. Go sky high for that, please take a look at the psychologically important level..., still remains quite low at 6.75 % is proving its not the failsafe many!

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