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 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Join us today for FREE! But it seems like the silver premium is up more these days than even just a few years ago. The result is that the premium now stands at 44.00%. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. 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. At $28, no one is likely to run to the coin shop with grandmas silver. Physical Gold Premium vs. Spot Price A tradingsignal? Outlook, Risks, Comparison to Gold , How to Invest in Silver as an Inflation Hedge | Investing 101 | US News , Investing in Gold and Silver: A Decision Guide | Morgan Stanley , Maria Smirnova: Gold Outlook Strong in 2023, Silver Swing Factor to Watch, Should You Invest in Silver Bullion? Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Let me tell you another part of this, which you do not want to hear. But Will It Last? How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. I wouldnt trust them at all.. When price is low, youd think people would scoop this up. 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). UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. 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. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. Now, conditions in the current marketplace are driving premiums to new highs. The truth is they have a spigot providing them small amounts than cannot keep up with demand. Is there any justification for this? It is highly liquid though and you can get metal on the other end- provided Apmex is not out. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. Pre-sales for future delivery are not counted. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. The above is showing you what the deal is and why your favorite dealer may be gouging you. The American Silver Eagle proofs carry a significant premium over the spot silver price. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. Then come back and talk to me here. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Scroll. Next is MCM $814.60 followed by APMEX at $835.26. On 7/22/20 the physical silver premium jumped back into the low 30% range. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. 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. 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. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. 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%. 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. Buy OneGold that says that it is allocated and a Sprott product. . The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. 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. Current premium stands at $17.93/82.54%. Get your shiny. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Get your metals now. 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. This represents a $11.75/45.12% premium. Time for me to start leaving silver behind in favor of gold. Buy PSLV or another ETF that you trust. So assume silver runs up to $50 and you run to the coin shop with silverware. American Gold/Silver Eagle Physical Premium Over Spot. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? From interesting classes to supermarket hunt, children can expect lots of exciting fun at . However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. 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). 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? Companies involved in silver mining rarely do so as their main objective. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. . Thats a 50% premium. Below, you will see your blueprint to get to $50 silver, and soon. 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. The common mistake is just trying to go after retail. Problem is they charge you for the premiums, which I understand based on your explanation. In this article, we explain a few reasons as to why . As DEMAND rises, PRICE must move up in order to adjust to limited supply. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? In my opinion, the demand for physical investment has by far been the biggest disruptor . 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%. It is now above 20%. This is exactly what happened today. Rates for 2022 will be finalized later this month, Baillio said. a $3 per coin premium amounts to twenty-one percent. That's because when rates are higher interest shifts to products that can accrue interest. Companies involved in silver mining rarely do so as their main objective. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? Know that the correct answer will depend upon your objectives mostly. Inheritance has increased its price by more than $10.00/tube $727.21. 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. Bullion dealers not charging 50% premium. 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%. Watch on Black Friday is now Silver Friday thru December 23, 2021! But by 9:40 PM EST the premium had jumped back above 60%. 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. And perhaps go Palladium and hit $100-$200 silver beyond that. On 7/23/20 the physical silver premium went back into the 40% range. 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. 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. Why are silver premiums so incredibly high? What are other options to drain the COMEX, so to speak? Join us today for FREE! Are you keeping an eye on silver premiums these days? In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. Many of these products are available in attractive designs and some are collected on their aesthetic merits. Available supply is not the same as supply. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Why is silver trading so high? 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. 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. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. 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. I got into a Twitter disagreement with some popular sites over the last 2 months because they were calling out high premiums by dealers as insane and playing the argument that they have no shortage of 1,000 oz bars. This is anticipating people wiping out their stocks. 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. 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. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . What is normal? Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. "Last time we got near US$30, very close to it. Latest Offers, Straight To Your Inbox. This low was set on 9/14/21 at 26.06%. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. So I quite like silver a lot.". Dont forget to follow us @INN_Resource for real-time news updates! This backlog in refining capabilities restricts supply into the market. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. They LOVE their product. 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. Instead, they were keeping their prices fixed. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. Very interesting. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. As a report from the CPM Group notes, it can be seen that silver in fact almost always (but not always) out-performs gold during a gold bull market.. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. 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. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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. That is to say, a ratio of 1/10.3. 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. 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. The premium now stands at 32.19%. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. 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. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. And perhaps go Palladium and hit $100-$200 silver beyond that. All these technologies require silver That's a pretty big (supply) deficit.". 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. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. Also Liberty Coin came in with lower prices which lowered the premium later in the day. I think not lets take a look at what it actually DOES store! Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. THAT is in 1,000 oz bars. The price of silver had dropped to around the $17 mark, and demand for all metals was increasing and premiums were barely under $4 per coin (per troy ounce). Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. Bullion premiums spike as a consequence. 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. After that initial move is complete, further fallout related to the. 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. Find one who has a solid track record of providing quality precious-metals products to their customers. We are also discovering just how fragile the cryptocurrency world really is. The current premium has declined to 44.02%. 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%. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Buy some. Neumeyer expects a triple-digit silver price in part because he believes the current market cycle can be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Interesting huh? What kind of a free market is that?". 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. Physical Silver Eagle Premium Now Over80%. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. This may have something to do with what is happening on the Robinhood platform. This represents about 15% of the $10,000 increase in their income. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. 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. 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. Physical Silver Eagle Premium Hits Record 71.25%. Percentage premium is 58.90%. Then there were the millions who turned to the traditional safe haven investment of bullion. INN - Investing News , Is Silver a Good Investment? Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. So, if the silver price does rise, how high will it go? This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). 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. Why are silver premiums so high 2021. 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. Whats in store for silver in the future? The cheapest 500g coffee I can find is 6.75. 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. The premium on a silver product is the amount of money above the spot price of silver that the product costs. The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. make money in the event you clean them out and they have no products to sell for weeks or months. Its not. They will have completely missed the the paradigm shift and have only themselves to blame. How does this REALLY end in higher silver prices? 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). Some may mark up prices to prevent running out of inventory, or to capture profits. When Palladium broke the tampy tamp, then it went nuts. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. The Physical Silver Percentage Premium has also dipped below 40%. A silver Britannia is about 8 per coin over spot. The massive amount of available silver has not been met with heightened demand, which has kept prices low. 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. In periods of high demand, premiums for a given silver product are likely to increase. A generic 1 oz silver round is now selling for $5 over the spot price. 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 physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. A $ 3 per coin premium amounts to twenty-one percent I could not find 20... ( morning ) but then bullion Exchanges comes in with large coin quantities to lower the.... Some are collected on their aesthetic merits 2/1/21 @ 11:50 AM EST: the decline premium... 9:40 PM EST: I, Lauren Kelly, hold no direct investment interest in any mentioned... On 7/6/20, below 30 % range will have completely missed the the paradigm shift and been... Is just trying to go after retail are about to be crushed with grandmas tea sets higher... Days than even just a few weeks Pacific coin is the lowest cost again on 6/30/20 ( ). 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