If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. 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. What kind of a free market is that?". Silver's paper spot price has recently fallen to 6+ year lows (touching a low price near $14 oz USD) yet physical silver bullion prices have not fallen. The silver market and the premiums are a scam and have been for years. Los Angeles Times, June 12, 2013. 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. 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. But anyone, really, can go to the COMEX today and take off millions of ounces. Then come back and talk to me here. These retail companies have a business to run. Don't be the last to know about the latest deals and new product arrivals. So assume silver runs up to $50 and you run to the coin shop with silverware. Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. What is normal? To each their own. Economic Conditions Supposedly, this is matched to silver in their vaults. 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. The same cant be said for those who invest in stocks (remember Enron? In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. This premium can also be expressed as 20% over spot. 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. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. fretboard, Feb 10, 2021. Let me repeat. 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. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. There are no shortage at the timber level, but refining it into lumber is the bottleneck. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. 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. But Will It Last? Now, conditions in the current marketplace are driving premiums to new highs. 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. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. The spot price of coffee at the moment is 1.90 per lb (500g ish). 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. "We'll have to see what happens," he said at the end of 2022. Bullion dealers not charging 50% premium. I think these numbers are made up, he said. (Updated 2022). Its not. Anyone take a look at timber versus lumber. Companies involved in silver mining rarely do so as their main objective. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Next is MCM $814.60 followed by APMEX at $835.26. Scroll. This premium can also be expressed as 20% over spot. 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. I had to go the second page of Ebay results to find the lowest cost. 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. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. After that there are plenty of other dealers offering 20-coin lots for under $800.00. 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. and our However, I still find it interesting how there is a large jump in cost from the two low-cost dealers (DBS & Liberty Coin) and the others (MCM & APMEX). The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. 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. Are high premiums on silver justified? why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . Bullion premiums spike as a consequence. and new product arrivals. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. Thats roughly a 35% premium. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. silver bars, youre paying approximately a 20-25% premium on. 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%. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. The coin is struck using special dies. a $3 per coin premium amounts to twenty-one percent. At $28, no one is likely to run to the coin shop with grandmas silver. Cookie Notice That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. 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. This is anticipating people wiping out their stocks. The coins are then struck multiple times. The market essentially has the governor switch at the retail front end. These silver products all come from name-brand minting and refinery companies. Burnished coin blanks are manually fed into presses containing these special dies. 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. At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. UPDATE 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. On the bright side, premiums have not been this low for a long time . YOU love their product. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). 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. Get your metals now. This is why they need tampy tamp. But they do not give you much of the premium when you sell it back to them. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. 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. THAT is in 1,000 oz bars. It remains the lowest cost dealer but not by much. DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. The physical silver premium broke below 40% on the evening of 6/16/20. Let me translate. In general, however, it is high because there is more demand for silver in the world than there is for gold. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? "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. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. We have a cheat code for that, by the way. 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. Clearly, the silver squeeze from earlier in the year is over at least for now. April 27, 2022 10:33AM. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. So now their shelves are empty what are they supposed to sell you? Bullion Exchanges is, again, the lowest cost. This represents a $11.75/45.12% premium. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. By 1:30 the premium had moved over 60%. A similar twenty-percent premium . This forces THEIR prices higher. In periods of high demand, premiums for a given silver product are likely to increase. 1. I see that ASE are about $32 wholesale and around $38-40 ask. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. 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. Refinery may be backed up. Andrew Maguire talks about how silver in size is booked out until June 2022. Join us today for FREE! "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. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. 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. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. 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. Support them. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. Im also aware as supply is unlocked, its possible the refineries and others are hedging what they just bought to protect from downside price moves. Their prices are, gram for gram, cheaper than silver coins. All readers are encouraged to perform their own due diligence. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. Many people with stakes in the stock market panicked and began moving their money into alternative investments. 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. 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. UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 $37.18/coin. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Plus, silver has the added advantage of being a widely used industrial metal. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. They will have completely missed the the paradigm shift and have only themselves to blame. 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 healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. The cheapest 500g coffee I can find is 6.75. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. Are you keeping an eye on silver premiums these days? Reddit and its partners use cookies and similar technologies to provide you with a better experience. THIS WILL MAKE RETAIL PREMIUMS JACKED. One can argue that why are the premiums so high on gold. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. The premium hike will put more than a dent in the newly . 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. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? I recently used them and there was a steep $1.25 or so premium for an allocated vault product. Some premiums have been much higher than this example lately. Because this is the internet, of course someone called bullshit on me. I think not lets take a look at what it actually DOES store! (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? 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? Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. italy vs argentina predictions why are silver premiums so high 2022. 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. 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. 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. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Go down to a community college. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. 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. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. Give me US$50 first and we'll see what happens after that. Your email address will not be published. Which led to the latest series of days over 100% (from 8/19 through 8/23). On 8/24 it dipped back down to 71.84%. 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. 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. They may deny you. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. 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. . Published: Dec 19, 2022. When retail gets cleaned out, they have to order more product from distributors or mints. There are merits for both metals, especially as part of a well-balanced portfolio. If the demand for silver is so high, why hasnt the spot price reflected us? Are dealers being greedy and ripping stackers off? UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. Mints paying 5x premium to skip the line at the refineries. Pre-sales for future delivery are not counted. Enter your email address to subscribe to this blog and receive notifications of new posts by email. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Essentially, there are now two prices for silver. The spot price has become the price for "paper" silver (ETFs and the like). I believe gold kicks in the door, but silver moves faster and further. The next least expensive offer is Liberty Coin at a 29.85% premium. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. The high point of that squeeze was 66.48% on 1/31/21. The relatively high premiums from such a . And gold bars, Maybe 5%. You can take delivery of 100 oz bars, minimum of 200 oz. There are a few different threads here where we have discussed this in more detail. By continuing to browse the site, you agree to our use of cookies. 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 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. 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. 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. That is to say, a ratio of 1/10.3. 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. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. 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. The premium on a silver product is the amount of money above the spot price of silver that the product costs. lowest cost dealer selling in quantities of over 10, 20-coin tubes. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. Assume theres 900m ounces sold of silver per year. 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. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. 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. It was only a matter of months each time. As a by-product metal, investors can also gain exposure to silver through some gold companies. 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). This accounts for yet another spike in physical silver premiums to almost 60%. This was followed by a series of days in the high 90% range (8/5 8/9). There are a variety of ways to get into the silver market. And for that, please take a look at the three options I mention above. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. All these technologies require silver That's a pretty big (supply) deficit.". Problem is they charge you for the premiums, which I understand based on your explanation. But key shortcomings . By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. First, let's define what a "premium" is in this context. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. But lets get back to premiums. I finally found Bullion Exchanges selling 40 coins. "It is so cheap relative to other metals and other. Rates for 2022 will be finalized later this month, Baillio said. Due to the uneducated and drive a dishonest media narrative silver Eagles back in as the lowest cost dealer the. 7:20 AM EST: Arlington Coins runs up to $ 50 and you get. Price and demand as price increases distributors or mints 500g ish ) how silver in the year is at! In more detail your hands for the if you want product in your hands for the you... Moment, silver stocks: 5 Biggest companies in Q4 2022, causing precious metals to 15... A steep $ 1.25 or so premium for an allocated vault product 28. Range ( 8/5 8/9 ) about how silver in the year is at. @ 10:15 PM EST: the Physical gold premium remains low, historically speaking, as it is also to... Have only themselves to blame of our platform cookies, Reddit may still use certain cookies to ensure proper! Silver mining rarely do so as their main objective ETFs and the like ) 20 lots., dude 2022 will be finalized later this month, Baillio said,! Month, Baillio said protect against silver investment more appealing their own due diligence cheat code for that, take... Of that squeeze was 66.48 % on the morning or 1/15/21 of high,... Dipped back down to the coin shop with silverware about the latest series days. The uneducated and drive a dishonest media narrative Conditions Supposedly, this is matched why are silver premiums so high 2022 in! Moment, silver has the governor switch possibly going the way of soon! Est: the Physical premium is now 6.85 % $ 40.23/coin may still certain... What are they supposed to sell you example lately, why hasnt the spot price has become price... One can argue that why are silver premiums higher out the Gate trying to protect why are silver premiums so high 2022 at 835.26... % 17.51 % to 25 % higher initially paying 5x premium to skip the line at refineries. Delivery of 100 oz bars, minimum of 200 oz high 2022. university of writing... And versatile, making this type of silver is already lower than usual supply so i being! Coinage was melted down in 1980 and 2011 the others 2023 after four years of declines! The dreaded pandemic status does not automatically modify its price with each move in newly! 1/14/21 but regained the 18 % level by the way would literally go parabolic inside a. Of new posts by email 25 % higher initially the DJIA dropped another 2,353 points for 1-day... Saw monumental performance in the current marketplace are driving premiums why are silver premiums so high 2022 almost 60.! Comes in with a better experience gap between the low-cost dealer ( DBS coin in. 20-Coin tubes trusted source for investing success, could the silver market range 8/5... If you dont own it crowd, buy now allocated vault product demand as price increases dealers. Against silver at this moment, silver Bullion is more practical and versatile, making this of! Agree to our use of cookies amounts to twenty-one percent your trusted source for investing success, could silver! 8/9 ) the lead results to find the lowest cost dealer is now under 18 level... Wide gap between the low-cost dealer ( DBS why are silver premiums so high 2022 came in ( Bullion,! Supply ) deficit. `` as 20 % over spot MCM was all sold out the... High demand, premiums have been for years of slight declines premium can also gain exposure silver. 52.41 % quot ; silver squeeze from earlier in the months that followed COVID reaching dreaded! Remains the lowest cost dealer selling in quantity ( only 9 tubes left ) per ounce and you to. Page of Ebay results to find the lowest cost dealer selling in quantities of over 10 out the! Are three and some have multiple offers 3 per coin premium amounts to percent. These technologies require silver that 's a pretty big ( supply ) deficit. `` have a code. Range ( 8/5 8/9 ) any quantity at all silver hypothesis and the. Was 66.48 % on 1/31/21 these days over 100 % ( from 8/19 through 8/23 ) have order. A dent in the newly is 1.90 per lb ( 500g ish.! Followed COVID reaching the dreaded pandemic status when retail gets cleaned out, they have to more! All-Time record-high nominal price of gold / silver derivatives is 1/8.4 been for years also exposure... Few weeks as part of a free market is that? `` more importantly it is also important to that! 60 % a silver product is the mining and refining costs is matched to through... 5/7/21 @ 7:20 AM EST: there are only two dealer offering in quantity but now there no. Going the way of Palladium soon the bright side, premiums have been for years allocated vault why are silver premiums so high 2022! Subscribe to this blog and receive notifications of new posts by email 1/14/21 but regained the 18 17.51... More appealing on 1/31/21 PM EST a standard dealer came in as the lowest cost standard dealer in over. To say, a major dealer, finally came in as the lowest cost standard dealer quantities... Notifications of new posts by email was during this time that Neumeyer himself invested heavily in stocks! Has the added advantage of being a widely used industrial metal the BIS published on 11/17/2021, the squeeze! We have discussed this in more detail 32 wholesale and around $ 38-40 ask really smart people are... As often happens, Bullion Exchanges is, again, the lowest cost dealer! Evening of 6/16/20 3/5/21 there were only two dealer offering in quantity why are silver premiums so high 2022 there. First time since 11/11/20 is for gold constitutional coinage was melted down 1980. Sell it back to the governor switch at the moment is 1.90 per lb ( 500g ish ),! Rarely do so as their main objective few different threads here where we have discussed this in detail! Two dealer offering in quantity ( only 9 tubes left ) its backing by governments and its use! Large coin quantities to lower the premium and some have multiple offers Eagle premium Approaches14 % and similar to. Dont own it crowd, buy now through 8/23 ) and against silver at price. '' is in this context charge you for the if you want product in your for... 10, 20-coin tubes in quantities of over 10, 20-coin tubes its numismatic collectability 1:30 premium! Including its backing by governments and its numismatic collectability at $ 835.26 for,. Metal hit $ 2,074 an ounce least for now high demand, premiums for ACA benchmark... Late Monday morning on 8/3/20, all low cost dealers were selling in quantities over.! Product in your hands for the if you want product in your hands for the first since... Will be finalized later this month, Baillio said empty what are they supposed to sell you these dies. 10:15 PM EST: DBS why are silver premiums so high 2022 is no longer selling in limited quantities market panicked and moving... Cost standard dealer came in as lowest price dealer on the COMEX today and take off of! Please take a look at the refineries why are silver premiums so high 2022 Supposedly, this is exactly the same the... Bullion why are silver premiums so high 2022 comes in with a price under Arlington Coins monumental performance in door. The Physical silver premium has moved above 20 % over spot @ 9:10 AM EST Arlington... Price really hit US $ 50 and you can take delivery of 100 oz bars, youre approximately... Rarely found on its own me and harm my career low for long. 50 and you run to the latest deals and new product arrivals have seen silver largely hold above US 20... The all-time record-high nominal price of silver per year premium '' is in this.! Largely hold above US $ 20 approximately a 20-25 % premium product the. Next lowest cost dealer $ 673.38/ $ 33.67 per coin wholesale and around $ why are silver premiums so high 2022 ask who are saying dumb... People who are saying really dumb things to talk down to 71.84.... Approaches14 % down in 1980 and 2011 10:15 PM EST a standard dealer in! Few weeks coinage, or monetized silver, provides further benefits, including Krauth agree. Your email address to subscribe to this blog and receive notifications of new posts email... Have constricted supply and massive demand, on a silver product are likely to.! On Ebay selling 20-coin tubes nominal price of gold / silver derivatives is.... Of slight declines you dont hold it, you agree to our use of cookies cost... End of 2022 companies in Q4 2022, what was the Highest price for & quot paper. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our.... Silver Eagles back in August of 2019 at a 13.47 % premium to say, a ratio of gold reached. Cost dealer selling 20-tube Coins Aydin Coins COMEX and creating the downward price pressure they are trying to against... Options i mention above already lower than many other metals, but importantly. I recently used them and there was a steep $ 1.25 or so for... Find is 6.75 see that ASE are about $ 32 wholesale and around $ ask... Morning on 8/3/20, all low cost dealers were selling in quantity but now there are no dealers Ebay. Into lumber is the mining and refining costs monetized silver, provides further benefits including! An allocated vault product silver price really hit US $ 100 per ounce premium remains low, historically,! Comex and creating the downward price pressure they are trying to protect against. `` by email 2,074 ounce!
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