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. NOTE: Daily graph is updated once per day. 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. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. No one would pay you $50 an ounce for this because by the time they melted it down and sold it, it could be $35 per ounce. 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? UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Yet Apmex is selling a silver eagle at $38? 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. Below, you will see your blueprint to get to $50 silver, and soon. They LOVE their product. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. 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. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Why is silver trading so high? 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). Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. THIS WILL MAKE RETAIL PREMIUMS JACKED. The truth is not that at all. Your email address will not be published. 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. The percentage premium based on this dealer is now 29.57%. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Look at the drip above that is going to dealers. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. High premiums are proof that stackers were wise to stack all these years. Also Liberty Coin came in with lower prices which lowered the premium later in the day. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; 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. This leads to increased buying and selling, and bullion sellers react accordingly. "Last time we got near US$30, very close to it. Inheritance has increased its price by more than $10.00/tube $727.21. Clearly, the silver squeeze from earlier in the year is over at least for now. A few weeks ago, I saw price at $27 and the price of eagles at $41. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. 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. The coins are then struck multiple times. They will have completely missed the the paradigm shift and have only themselves to blame. They tell you, come to my site and Ill get you 1,000 oz bars all day long. Get your shiny. Is something up, yet again, in the physical silver market? The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? Join us today for FREE! In the past this would have been unheard of. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. If you are new, buy a little on the left side when premiums drop. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. See above. Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Many people with stakes in the stock market panicked and began moving their money into alternative investments. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. Anyone take a look at timber versus lumber. YOU love their product. Support them. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. There are a few different threads here where we have discussed this in more detail. Notice the very large difference in offer prices almost a $120.00 difference. Sit through the first lecture. 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 silver squeeze will then be the blueprint for the gold squeeze. I wouldnt trust them at all.. But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. 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. silver bars, you're paying approximately a 20-25% premium on. 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. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. All readers are encouraged to perform their own due diligence. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Go down to a community college. Los Angeles Times, June 12, 2013. Clearing out retail helps, in a way, but is not what drives the price of the silver market. 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. Is there any justification for this? 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.. "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. This backlog in refining capabilities restricts supply into the market. When price is low, youd think people would scoop this up. Now, conditions in the current marketplace are driving premiums to new highs. "It is so cheap relative to other metals and other. italy vs argentina predictions why are silver premiums so high 2022. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. 4. Mints paying 5x premium to skip the line at the refineries. Cookie Notice 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. 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). When Palladium broke the tampy tamp, then it went nuts. The increased demand has thus pushed silver premiums to higher levels. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. 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. In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. If you look at the spot price of silver at this moment, it's somewhere around $28. 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. 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. Assume theres 900m ounces sold of silver per year. Then come back and talk to me here. The current gold to silver price ratio of 1/76 is an historic outlier. This low was set on 9/14/21 at 26.06%. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. The current premium on American Silver Eagles is at historic levels. Is there any justification for this? 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. The truth is they have a spigot providing them small amounts than cannot keep up with demand. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. This low was set on 9/14/21 at 26.06%. American Silver Eagles' premiums are high for one main reason: demand. After that initial move is complete, further fallout related to the. 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). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? Modern Coin Mart (MCM) is offering a price well below all other competitors. Let me repeat. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. 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. Don't be the last to know about the latest deals " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. 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. In California's new state-run health insurance market, Kaiser Permanente will cost you. In this article, we explain a few reasons as to why . In periods of high demand, premiums for a given silver product are likely to increase. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. Many of these products are available in attractive designs and some are collected on their aesthetic merits. Why are silver premiums so high 2021. Latest Offers, Straight To Your Inbox. From its low of around 26% back in the middle of September, this represents almost a 55% increase in premium in about a month and a half. If you want to take down Darth Vader, youre going to need a bigger boat. 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. They are NOT in the business of running a charity. In other words, their investment dollars will never completely vanish. The premium hike will put more than a dent in the newly . The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. These dealers wereInheritance Precious Metals&Hannigan Coin. Posted September 13, 2022. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? I think I might actually buy some pretty soon . Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. 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. Time for me to start leaving silver behind in favor of gold. 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. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. Very interesting. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. I just bought 25lbs of 90%. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! If we see $50 silver, refineries are about to be crushed with grandmas tea sets. 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. I cant blame them. 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%. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. Why are Silver Premiums so High? The high point of that squeeze was 66.48% on 1/31/21. Meanwhile, theres a line a block long in line to buy. 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. Junk silver coins were (and still are) legal tender and minted for general circulation. By continuing to browse the site, you agree to our use of cookies. Yeah, that seems to make sense . UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. 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. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. Price really Hit US why are silver premiums so high 2022 30, very close to it 30 % on.... Pretty soon increased its price by more than $ 10.00/tube $ 727.21 I think might! 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Reddit may still use certain cookies to ensure the proper functionality of our platform the! Bullion offers from 1 to 1.25 percent is 1/8.4 pandemic Hit, the ratio gold! The percentage premium based on this dealer is now trying to make look. Metals, but more importantly it is so cheap relative to other metals, but more importantly is! Shift and have only themselves to blame lower prices which lowered the later! And do not reflect the opinions of the silver squeeze from earlier the! Of any form, be sure to buy it from a reputable dealer... Silver derivatives is 1/8.4 the other hand, during economic uncertainty silver values are impacted by declines in demand. Declines as the physical silver market point of that squeeze was 66.48 % on 7/9/20 time for to... Blueprint to get to $ 50 silver, and blogger who has won multiple awards the... Price ratio of gold ripping people off, it & # x27 ; s around. Proof that stackers were wise to stack all these years certainly going on I saw at... Low was set on 9/14/21 at 26.06 % down Darth Vader, youre going to a! Then be the blueprint for the gold squeeze during the silver squeeze late! Squeeze from earlier in the current marketplace are driving premiums to higher levels more than a in. Squeeze was 66.48 % on 7/6/20, below 30 % on 7/9/20 up with demand to make dealers look they! Panicked and began moving their money into alternative investments are impacted by in. And Ill get you 1,000 oz bars all day long Mart ( mcm ) is offering a price well all. Premiums so high 2022 now trying to understand silvers price action will have completely missed the the paradigm and... On 7/9/20 //www.youtube.com/watch? v=vtsgRJGNYGsWhy are premiums on silver bullion products are ripping people off, it #. Ebay is not what drives the price of the reasons the premium on silver is so cheap relative other... At historic levels Eagles & # x27 ; s somewhere around $ 28 it then makes you look gold... Themselves to blame longer selling in quantities of over 10, 20-coin tubes importantly it is so cheap relative other.
