However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. 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%. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. 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. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. 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. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. The increased demand has thus pushed silver premiums to higher levels. Looks like the craziness has passed sort of for now. The current premium on American Silver Eagles is at historic levels. 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. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. DBS Coin is the lowest price dealer now. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. "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. The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. 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. The result is that the premium now stands at 44.00%. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. Current percentage premium is under 24%. Look at the drip above that is going to dealers. This is why they need tampy tamp. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. NOTE: Daily graph is updated once per day. 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. I believe gold kicks in the door, but silver moves faster and further. 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. I think not lets take a look at what it actually DOES store! 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 is for a few reasons. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. fretboard, Feb 10, 2021. "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022," Neumeyer said when giving a Q4 2022 overview for his company. 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. Go to your favorite online dealer. 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. These dealers wereInheritance Precious Metals&Hannigan Coin. The premium now stands at 32.19%. They can be physically held, traded person to person, and are virtually anonymous. What kind of a free market is that?". On 7/23/20 the physical silver premium went back into the 40% range. The US mint then slaps like a $2-3 premium on from THEM. Is there any justification for this? The silver squeeze will then be the blueprint for the gold squeeze. and new product arrivals. I had to go the second page of Ebay results to find the lowest cost. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. 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? On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. 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. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. But they do not give you much of the premium when you sell it back to them. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. 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. Hannigan is still steady at $729.98/tube. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. Your email address will not be published. Back in March of 2020 this BS started with the high premiums and they will continue onward until people say, NO, I'm not paying ridiculous prices for silver anymore!! Then they just give you spot. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. 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). The silver market and the premiums are a scam and have been for years. Inheritance has increased its price by more than $10.00/tube $727.21. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. At least this has been the case since I started to closely follow the Ebay market since last Spring. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. 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. Join us today for FREE! The relatively high premiums from such a . The premium now stands at 32.19%. Andrew Maguire talks about how silver in size is booked out until June 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. That's roughly a 35% premium. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. In other words, their investment dollars will never completely vanish. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. 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. Percentage premium is 58.90%. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. These retail companies have a business to run. If you want $100 and $200 silver, look at the chart above. One can argue that why are the premiums so high on gold. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. By 1/19/21 (evening) it had moved back into the 19% range. Does gold store energy? Posted on 07/11/2022 by 07/11/2022 by Sure, it has pretty much always cost more than spot price to buy silver in the retail market. The cheapest 500g coffee I can find is 6.75. Rollover Your IRA to Silver - LEARN MORE Gold and Silver - Why Every Prepper Must Own It Owning gold and silver as a Prepper can be the lifeblood of your survival. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. Clearly, the silver squeeze from earlier in the year is over at least for now. The above is showing you what the deal is and why your favorite dealer may be gouging you. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. I think I might actually buy some pretty soon . One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. Physical Silver Eagle Premium Hits Record 71.25%. 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