This is anticipating people wiping out their stocks. And perhaps go Palladium and hit $100-$200 silver beyond that. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. Yeah, that seems to make sense . 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%. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Reddit and its partners use cookies and similar technologies to provide you with a better experience. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. 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. Venue: Eastpoint Mall. 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. And thats 1,000 oz bars. INN - Investing News , Is Silver a Good Investment? By 1/19/21 (evening) it had moved back into the 19% range. 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. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. We have had the silver raid days, which help clear out retail. 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. UPDATE 3/19/21 @ 7:45 AM EST: DBS Coin did not come in this morning with any offers (they have no coins available) so the physical silver premium remains elevated. The current gold to silver price ratio of 1/76 is an historic outlier. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. Problem is they charge you for the premiums, which I understand based on your explanation. Companies involved in silver mining rarely do so as their main objective. there's 82m oz sitting in the COMEX warehouses. Posted on 07/11/2022 by 07/11/2022 by Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. Which led to the latest series of days over 100% (from 8/19 through 8/23). In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. (Updated 2022). 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 massive amount of available silver has not been met with heightened demand, which has kept prices low. Your email address will not be published. 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. But Will It Last? All readers are encouraged to perform their own due diligence. And these can be delayed for a long time. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . Yet Apmex is selling a silver eagle at $38? 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%. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. And then trying to lecture me that theres no shortage. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. 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. 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. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. 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. Lets look at dealers. In other words, their investment dollars will never completely vanish. After that you will find APMEX with a price of $847.42. by. It was only a matter of months each time. The truth is they have a spigot providing them small amounts than cannot keep up with demand. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. Currently, they are able to increase their spread by five to ten times, Hug said. 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. Below, you will see your blueprint to get to $50 silver, and soon. 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. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. Just stop already. 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. 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. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. 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. This potentially is what is in store for gold and silver soon. 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. But they do not give you much of the premium when you sell it back to them. Bullion premiums spike as a consequence. 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. 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. Cookie Notice While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. That's roughly a 35% premium. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. Thank You! UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. This is why they need tampy tamp. The supply cannot keep up with demand due to refining constraints. On 8/24 it dipped back down to 71.84%. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. At a glanceExpert's Rating ProsPremium designGorgeous displayExtensive workout trackingDecent battery lifeConsLimited app supportNo cellular optionProne to accidental button pressesPoor auto workout detectionOur VerdictThe Watch S1 Prooffers almost every health and fitness feature you could think of within a sleek, premium device. Create a free website or blog at WordPress.com. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . These silver products all come from name-brand minting and refinery companies. Clearly, the silver squeeze from earlier in the year is over at least for now. This may have something to do with what is happening on the Robinhood platform. Buy PSLV or another ETF that you trust. Heres the problem with that. Percentage premium is 58.90%. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. 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. The talking heads of the world stop talking like 25B oz is available. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. This is for a few reasons. 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. . It has not been this high since the Summer of 2021. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. And then they have to wait weeks or months in order to get more product from the distributors. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? Available supply is not the same as supply. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. 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. Are dealers being greedy and ripping stackers off? 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. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. However, by 9:15 AM EST, Arlington had increased its price to $815.00/20 coin roll plus shipping bringing the physical premium over 45%. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, the metal is actually a rare commodity. The bullion content is guaranteed by these longstanding names. Bullion Exchanges is, again, the lowest cost. In California's new state-run health insurance market, Kaiser Permanente will cost you. But by 9:40 PM EST the premium had jumped back above 60%. Get your metals now. However, premium changes vary by . A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. Physical Silver Eagle Premium Now Over80%. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. To each their own. Supposedly, this is matched to silver in their vaults. 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). 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. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . How to prepare against a currency collapse. 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. They may deny you. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. Dont forget to follow us @INN_Resource for real-time news updates! Essentially, there are now two prices for silver. Some premiums have been much higher than this example lately. During other months, silver and gold prices tend to have more volatility. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. A few weeks ago, I saw price at $27 and the price of eagles at $41. Why are Silver Premiums so High? 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. Silver is also being drained from the paper exchanges and IMHO something is afoot. If you want $100 and $200 silver, look at the chart above. "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. These retail companies have a business to run. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? Posted September 13, 2022. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . 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. Inheritance has increased its price by more than $10.00/tube $727.21. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. And they may have 10,000 available but 100,000 want them at $5 over. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. The spot price of coffee at the moment is 1.90 per lb (500g ish). On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. 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%. And gold bars, Maybe 5%. Where the cartels would perhaps win before would be to choke . One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. They are NOT in the business of running a charity. Companies involved in silver mining rarely do so as their main objective. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. The current premium has declined to 44.02%. Enroll in economics 101. 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). After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. All other standard dealers do this. 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. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. As DEMAND rises, PRICE must move up in order to adjust to limited supply. 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. There are merits for both metals, especially as part of a well-balanced portfolio. You might be surprised. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. Current percentage premium is under 24%. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . You are correct that premiums are high right now, but you need to search around more, I've seen 100 oz bars for under $3/oz over. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. 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. The Physical Silver Percentage Premium has also dipped below 40%. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. 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. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. 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