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 current premium on American Silver Eagles is at historic levels. make money in the event you clean them out and they have no products to sell for weeks or months. Published: Dec 19, 2022. 1. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. This potentially is what is in store for gold and silver soon. "I actually saw someone the other day call for US$500 silver," he said. If you want $100 and $200 silver, look at the chart above. I mean, except for an unlikely scenario, it seems to me that this is a paradigm shift; it's a one-way transition," he said. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. Rates for 2022 will be finalized later this month, Baillio said. 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). 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. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . 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. Silvers duality as a precious and industrial metal also provides price support. 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. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. As a by-product metal, investors can also gain exposure to silver through some gold companies. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. 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. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. So now their shelves are empty what are they supposed to sell you? Below, you will see your blueprint to get to $50 silver, and soon. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. As DEMAND rises, PRICE must move up in order to adjust to limited supply. But now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. Bullion dealers not charging 50% premium. The supply cannot keep up with demand due to refining constraints. The premium now stands at 32.19%. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. 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. But in advance of these, you see premiums go sky high. silver bars, you're paying approximately a 20-25% premium on. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. The next least expensive offer is Liberty Coin at a 29.85% premium. I made a point yesterday to call out a popular bullion site because they also claimed no shortage. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. You are then running into premiums twice. 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 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. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. This premium can also be expressed as 20% over spot. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. 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. This is why the premium on physical silver declined from its 66.22% high earlier in the day. 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. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. In other words, their investment dollars will never completely vanish. 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. Your email address will not be published. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Many people with stakes in the stock market panicked and began moving their money into alternative investments. Looks like the craziness has passed sort of for now. UPDATE 11/11/20 @ 11:20 AM EST: Physical premium moved above 20% early in the morning but later moved back below and has remained there since. ), then their products are still worth at least the face value associated with the coin. In general, however, it is high because there is more demand for silver in the world than there is for gold. The coin is struck using special dies. Its safe to say that silver has really enjoyed a flurry of attention in recent times. Bullion Exchanges is, again, the lowest cost. Id probably target the next 2-4 raids on this side if you want to go Palladium!! The bullion content is guaranteed by these longstanding names. Companies involved in silver mining rarely do so as their main objective. "We'll have to see what happens," he said at the end of 2022. You should by now already have a decent physical stash. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. American Gold/Silver Eagle Physical Premium Over Spot. Get your metals now. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." I wouldnt trust them at all.. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. Why are American Silver Eagle Premiums High? That's due to all the great technologies, all the newfangled gadgets that we're consuming. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. Please refer to thecookie policy for collected data, privacy and GDPR compliance. 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. The US mint then slaps like a $2-3 premium on from THEM. This is based on demand to slow you down to keep them from going out of business. At least this has been the case since I started to closely follow the Ebay market since last Spring. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. Supposedly, this is matched to silver in their vaults. How to prepare against a currency collapse. 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. Available supply is not the same as supply. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. The price of silver has had a solid 2023 so far, . 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. Mints paying 5x premium to skip the line at the refineries. Events and Activities For The March School Holidays. But key shortcomings . 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 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Why does it cost more to buy silver coins, rounds, and bars today? UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. But why would THEY have such high premiums? The premium hike will put more than a dent in the newly . I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. "It's not a small thing, and it's not going away. "Last time we got near US$30, very close to it. April 27, 2022 10:33AM. Then there were the millions who turned to the traditional safe haven investment of bullion. 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. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Get your shiny. And these can be delayed for a long time. This was followed by a series of days in the high 90% range (8/5 8/9). Privacy Policy. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. 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. Go to your favorite online dealer. To anyone with a business education, it makes them look disgusting as they are manipulating facts. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. The same cant be said for those who invest in stocks (remember Enron? Using estimated numbers here. With demand so high, you can go for awhile with keeping premiums high. All readers are encouraged to perform their own due diligence. Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. there's 82m oz sitting in the COMEX warehouses. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. It was only a matter of months each time. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). The percentage premium has skyrocketed up to 25%. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. Junk silver coins were (and still are) legal tender and minted for general circulation. Dont forget to follow us @INN_Resource for real-time news updates! 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. Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). Thank You! 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. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. 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%. Electric vehicles, solar panels, windmills, you name it. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. PSLV is indeed draining 1,000 oz bars from the market. The physical silver premium broke below 40% on the evening of 6/16/20. The next best deal is a 40-coin lot from Bullion Exchanges. Theres a LOT of money to go around. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. 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. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. Scroll. The physical silver premium broke below 35% on 6/25/20. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? Scan this QR code to download the app now. 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. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. Then come back and talk to me here. Buy OneGold that says that it is allocated and a Sprott product. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. I believe gold kicks in the door, but silver moves faster and further. 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. Is there any justification for this? Heres the problem with that. "I'm not quite sure I'm at the level. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. 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. 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. On 7/23/20 the physical silver premium went back into the 40% range. What you find from these dealers is that the US mint only makes so many eagles. 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. 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. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. This leads to increased buying and selling, and bullion sellers react accordingly. 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%. Silver offers higher returns than gold Silver tends to move in tandem with . There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. The spot price has become the price for "paper" silver (ETFs and the like). That is to say, a ratio of 1/10.3. The relatively high premiums from such a . There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. We will see how long it lasts. The $3 was seen as the cost to mint the coins. Yet Apmex is selling a silver eagle at $38? The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. UPDATE 1/4/21 @ 8:15 AM EST: Physical silver premium has now dropped below 16% getting even closer to the standard premium that existed pre-Corona. A few weeks ago, I saw price at $27 and the price of eagles at $41. This may have something to do with what is happening on the Robinhood platform. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. 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. Meanwhile, silver and other bullion products show themselves to be real assets. 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. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Just stop already. Or is the demand for silver just so high, that they are able to charge these premiums? What is normal? If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. Know that the correct answer will depend upon your objectives mostly. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. (Updated 2022). If you are new, buy a little on the left side when premiums drop. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. DBS had lowest cost in quantity until the afternoon of 6/3/20. 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. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. There are no shortage at the timber level, but refining it into lumber is the bottleneck. Are you keeping an eye on silver premiums these days? silver bars, youre paying approximately a 20-25% premium on. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. Hannigan is still steady at $729.98/tube. 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. UPDATE 7/6/22 @ 6:30 PM EST: The American Silver Eagle Premium almost hits 100% highest since I began keeping track. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. Anyone take a look at timber versus lumber. See above. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. And gold bars, Maybe 5%. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. italy vs argentina predictions why are silver premiums so high 2022. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. But it seems like the silver premium is up more these days than even just a few years ago. You might be surprised. 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). Interesting huh? Let me translate. On 7/22/20 the physical silver premium jumped back into the low 30% range. 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. Physical Silver Eagle Premium Now Over80%. If you want to take down Darth Vader, youre going to need a bigger boat. We have had the silver raid days, which help clear out retail. ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? 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. This premium can also be expressed as 20% over spot. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. I know that we are a tiny segment of the overall silver market, but if it is industrial demand driving the high premiums, then again why isnt spot reflecting this? 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. Lets look at dealers. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. Notice the very large difference in offer prices almost a $120.00 difference. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. 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. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. 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). YOU love their product. 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. 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. In this article, we explain a few reasons as to why . Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. That's roughly a 35% premium. The massive amount of available silver has not been met with heightened demand, which has kept prices low. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. And perhaps go Palladium and hit $100-$200 silver beyond that. Latest Offers, Straight To Your Inbox. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. This forces THEIR prices higher. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. 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. Stuntman, Arganto, dikefalos and 1 other. Silver has held the attention of humankind for at least 5,000 years. 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To say that silver has why are silver premiums so high 2022 no offer buying and selling, and soon pandemic Scare of early 2020 dreaded! A business education, it makes them look disgusting as they are able to charge these?...