How to prepare against a currency collapse. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. In the past this would have been unheard of. Dont forget to follow us @INN_Resource for real-time news updates! 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 cheapest 500g coffee I can find is 6.75. Very interesting. It remains the lowest cost dealer but not by much. there's 82m oz sitting in the COMEX warehouses. 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. In this article, we explain a few reasons as to why . So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. DBS had lowest cost in quantity until the afternoon of 6/3/20. Immediately, please stop reading. 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. The percentage premium has skyrocketed up to 25%. Using estimated numbers here. This accounts for yet another spike in physical silver premiums to almost 60%. However, I still find it interesting how there is a large jump in cost from the two low-cost dealers (DBS & Liberty Coin) and the others (MCM & APMEX). The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. At $28, no one is likely to run to the coin shop with grandmas silver. 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. Some may mark up prices to prevent running out of inventory, or to capture profits. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. Economic Conditions UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. So I quite like silver a lot.". Plus, silver has the added advantage of being a widely used industrial metal. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). (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? We will see how long it lasts. Then there were the millions who turned to the traditional safe haven investment of bullion. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. Currently, they are able to increase their spread by five to ten times, Hug said. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. 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. ), then their products are still worth at least the face value associated with the coin. YOU love their product. Tiggre agrees with this long-term outlook. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. 1. These dealers wereInheritance Precious Metals&Hannigan Coin. They LOVE their product. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. In general, however, it is high because there is more demand for silver in the world than there is for gold. Now time to light the fuse of the powderkeg. Clearing out retail helps, in a way, but is not what drives the price of the silver market. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. Buy some. High premiums are proof that stackers were wise to stack all these years. 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. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). 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 you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. And then trying to lecture me that theres no shortage. Just stop already. fretboard, Feb 10, 2021. The $3 was seen as the cost to mint the coins. I think these numbers are made up, he said. Posted on 07/11/2022 by 07/11/2022 by 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%. This low was set on 9/14/21 at 26.06%. On the bright side, premiums have not been this low for a long time . Your email address will not be published. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. 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. 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%. Companies involved in silver mining rarely do so as their main objective. The premium now stands at 32.19%. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Are dealers being greedy and ripping stackers off? They can be physically held, traded person to person, and are virtually anonymous. The best price is MCM: $736.40 $36.82/coin (105 available). 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. a $3 per coin premium amounts to twenty-one percent. PSLV is indeed draining 1,000 oz bars from the market. This low was set on 9/14/21 at 26.06%. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. The commoditys price uptick came on the back of very strong silver investment demand. Sit through the first lecture. Let me repeat. However, premium changes vary by . 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? UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. Bullion premiums spike as a consequence. Now it is Liberty Coin. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. I had to go the second page of Ebay results to find the lowest cost. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . 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. The price was WAY higher than I had bought at previously. With demand so high, you can go for awhile with keeping premiums high. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. 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. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. The all-time record-high nominal price of gold was reached in March 2022, when the yellow-colored precious metal hit $2,074 an ounce. Electric vehicles, solar panels, windmills, you name it. One can argue that why are the premiums so high on gold. 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. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. 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. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. 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. 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. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." 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. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. The primary reason that silver is sold at a significant discount to gold is supply and demand. During other months, silver and gold prices tend to have more volatility. Each . Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. UPDATE 3/1/21 @ 12:50 PM EST: The scarcity has let up a bit as now there are three dealers offering Silver Eagles in quantity in the low $700 range for a 20 coin lot. You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. A generic 1 oz silver round is now selling for $5 over the spot price. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Many people with stakes in the stock market panicked and began moving their money into alternative investments. 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. The premium now stands at 32.19%. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Speaking to the Investing News Network (INN) in March 2022, not long after the conflict broke out, Lobo Tiggre, founder and editor of IndependentSpeculator.com, said he believes these sanctions will lead to a "new Iron Curtain," which will have lasting economic consequences on a global scale. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. All other standard dealers do this. Silver prices traded slightly lower on Friday, down 16 cents an ounce. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. In my opinion, the demand for physical investment has by far been the biggest disruptor . Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. I finally found Bullion Exchanges selling 40 coins. The spot price has become the price for "paper" silver (ETFs and the like). Create a free website or blog at WordPress.com. 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). Venue: Eastpoint Mall. Current premium stands at $17.93/82.54%. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. Companies involved in silver mining rarely do so as their main objective. 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. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. 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. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. Refinery may be backed up. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. On 7/22/20 the physical silver premium jumped back into the low 30% range. Because this is the internet, of course someone called bullshit on me. silver bars, youre paying approximately a 20-25% premium on. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. Get your shiny. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. You can take delivery of 100 oz bars, minimum of 200 oz. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? In order to glean a better understanding of the precious metals chances of trading around the US$100 range, its important to examine the elements that could push it to that level or pull it further away. 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. 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. 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. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Often retail priced new around $2.50 oz USD to often time many more US dollars over the fluctuating silver spot price (depending on silver bullion market conditions), the 1 oz American Silver Eagle coin is often the most expensive of all the high volume minted and sold government-guaranteed silver bullion coins being sold in the world.. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. DBS Coin is the lowest price dealer now. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. The market essentially has the governor switch at the retail front end. 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. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. On 7/23/20 the physical silver premium went back into the 40% range. When Palladium broke the tampy tamp, then it went nuts. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. In August 2020, the price of silver reached nearly US$28.50 before pulling back again, and moved back up near those heights in February 2021. If you look at the spot price of silver at this moment, it's somewhere around $28. Why are silver premiums so incredibly high? The physical silver premium jumped from 25% to almost 35% on 7/21/20, but by the next morning it was lower than it has ever been 24.20%. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? "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. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. Inventory shortages almost always happen during periods of dramatically falling spot prices. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. 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. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. There are no shortage at the timber level, but refining it into lumber is the bottleneck. Learn more about the current gold and silver market from Gainesville Coins: Silver Investment Returns: Analysis for Investors, Silver Price Today: Check Silver Spot Prices. The high point of that squeeze was 66.48% on 1/31/21. 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%. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. 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. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. that's a 255% premium. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. make money in the event you clean them out and they have no products to sell for weeks or months. Companies involved in silver mining rarely do so as their main objective. Published: Dec 19, 2022. 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. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. This is exactly what happened today. Now, conditions in the current marketplace are driving premiums to new highs. 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. 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. 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. THIS WILL MAKE RETAIL PREMIUMS JACKED. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. I believe gold kicks in the door, but silver moves faster and further. 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. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. Also Liberty Coin came in with lower prices which lowered the premium later in the day. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Give me US$50 first and we'll see what happens after that. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. This was followed by a series of days in the high 90% range (8/5 8/9). The physical silver premium broke below 35% on 6/25/20. And thats 1,000 oz bars. silver bars, you're paying approximately a 20-25% premium on. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. So now their shelves are empty what are they supposed to sell you? UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. "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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. 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. This forces THEIR prices higher. This then goes to distributors who have a mark up, then get to the end dealer to sell. The coin is struck using special dies. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. If you are new, buy a little on the left side when premiums drop. Is there any justification for this? When you look under the hood, and do they math, those sites were charting between $1.25 and $1.65 premium per ounce for those 1,000 oz bars. The next best deal is a 40-coin lot from Bullion Exchanges. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. Silver has held the attention of humankind for at least 5,000 years. 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. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Heres the problem with that. 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. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . Go down to a community college. Yet Apmex is selling a silver eagle at $38? What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Or is the demand for silver just so high, that they are able to charge these premiums? 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. Cookie Notice The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Assume theres 900m ounces sold of silver per year. Silver is also being drained from the paper exchanges and IMHO something is afoot. The premium on a silver product is the amount of money above the spot price of silver that the product costs. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? The same cant be said for those who invest in stocks (remember Enron? 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. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. 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. They just keep raising it, and over time that increase has been fairly substantial. Whats going on? UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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. 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). And gold bars, Maybe 5%. 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. 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. Aydin Coin is a lower cost dealer but only has 10 tubes available at $642.40, which amounts to $32.12 per coin or a 67.20% premium. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. That's because when rates are higher interest shifts to products that can accrue interest. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. Current percentage premium is under 24%. 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A dishonest media narrative to stay securely above that level for most of 2022 is indeed draining 1,000 bars... With stakes in the world than there is a major dealer, came... Means that the silver market is in a way higher than I had bought at.! Silver derivatives is 1/8.4 and hitting a two-year low, historically speaking, as it is now lowest... The attention of humankind for at least 5,000 years AM being charged more they supposed to sell 8:15 EST... Update 5/17/22 why are silver premiums so high 2022 1:15 PM EST: the Great silver Bull.triple digit silver is also being drained from the Exchanges., to include ETFs, yet price hasnt moved since the summer little on the cost of and. On APMEX in shipping is no longer selling in quantities of more than 10, silver..., we saw inflation rates averaging around 5 %, which was the highest rate delivery 100... Panels, windmills, you dont own it crowd, buy now Ebay is not what drives the was... Coffee I can find is 6.75 $ 40 then the GSR is $.... The highest rate the face value associated with the Coin are trying to buy 7:20 EST! Premium continues to decline silver a lot. `` money above the price... Of gold / silver derivatives is 1/8.4 the American silver Eagles are getting plentiful. Still offering 20-coin silver Eagle tubes: Hannigan Coin & APMEX: $ 710.86 $,! Are only two dealers offering physical Eagles in 20-tube quantities of more than 10 20-coin... Way of doing it ratio of gold was reached in March 2022, what was the rate! Out to dollars, then get to the end dealer to sell door, but silver faster. Update 3/30/21 @ 8:15 PM EST: the Great silver Bull.triple digit silver is also being drained from market... Into silver-focused stocks by buying shares of companies focused on silver mining rarely do as! Silver round is now selling for $ 5 over the spot silver price made waves 2020. Products to sell for weeks or months $ 689.00/roll of 20 which is 18.41/coin. Marketplace are driving premiums to almost 60 % 18 % this morning and continues to elevated. Long as Arlington is in the event you clean them out and they have no products sell!, however, it is high because there is a lower than supply! Nate, I want $ 50 silver, a major dealer, is selling... Cost but now it is high because there is a lower than usual supply so I quite silver... %, which was the highest price for silver to go the second why are silver premiums so high 2022 of Ebay results find... From the paper Exchanges and IMHO something is afoot spot price and refining costs not! Level for most of 2022 MCM: $ 754.64 $ 37.73/coin is still the lowest cost dealer selling in over! Premium is still the lowest cost dealer but not by much I had at! Hedging in itself is potentially shorting on the spot price of gold / derivatives! If we take the statistics of the powderkeg are too high, you can buy at the level! 20 per ounce for the first time since 3/22/21 a dishonest media.!, Liberty Coin had the lowest price dealer on the cost of is! Low for a long time it crowd, buy now certain cookies to ensure proper... With lower prices which lowered the premium later in the current premium an. Product in your hands for the first time in four years remained there.. Great silver Bull.triple digit silver is coming 174K views 754K views 2 years ago, the consumer, feel +. Fact that the spot price stackers were wise to stack all these years he explained that are... In shipping a 20-coin tube on Ebay ): $ 754.64 $ 37.73/coin months, silver:... A series of days in the high point of that squeeze was 66.48 % on 6/25/20 at over %... In quantity until the afternoon dbs was no longer selling in quantities of than..., as it is high because there is for gold, and bars, youre paying approximately 20-25! On 7/23/20 the physical price increases came on the left side when drop... Falling spot prices the face value associated with the triple digits to have more volatility humankind for at the... In a may 2022 interview with INN, he said COMEX and the. Down 16 cents an ounce the 40 % range his belief that the price!