While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. On 7/23/20 the physical silver premium went back into the 40% range. 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. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. And then trying to lecture me that theres no shortage. To anyone with a business education, it makes them look disgusting as they are manipulating facts. I believe gold kicks in the door, but silver moves faster and further. 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. Sit through the first lecture. make money in the event you clean them out and they have no products to sell for weeks or months. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. In periods of high demand, premiums for a given silver product are likely to increase. Go down to a community college. "Price gauging should not be allowed. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? 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. 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. And then they have to wait weeks or months in order to get more product from the distributors. 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. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Their prices are, gram for gram, cheaper than silver coins. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. DBS Coin is the lowest price dealer now. 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. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . The physical premium percentage moved over 45% while the Spot price declined under $24.00. UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. All these technologies require silver That's a pretty big (supply) deficit.". Silver dropped to $16.20 and premiums remained at just under $4 per ounce. 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. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Let me also be clear. They will have completely missed the the paradigm shift and have only themselves to blame. UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. Why are silver premiums so incredibly high? Is there any justification for this? 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. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. 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. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. Using estimated numbers here. It is now above 20%. But imagine Monique's surprise when her renewal notice showed that her after-subsidy premium would be going from $0/month in 2021 to $226/month in 2022. 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. (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? If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. 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. "I'm not quite sure I'm at the level. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). Enroll in economics 101. This moves price higher to meet that 10,000 available and find the equilibrium. Now time to light the fuse of the powderkeg. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. Dont forget to follow us @INN_Resource for real-time news updates! MCM has 48, 20-coin lots for sale @ $747.80/each (2015), 16, 20-coin lots @ $752.80/each (2013) and 19, 20-coin lots @ $764.00/each (2016). Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. I know that we are a tiny segment of the overall silver market, but if it is industrial demand driving the high premiums, then again why isnt spot reflecting this? The current premium on American Silver Eagles is at historic levels. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. Current percentage premium is 44.63%. 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. 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. They can be physically held, traded person to person, and are virtually anonymous. The premium hike will put more than a dent in the newly . 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. 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. On the bright side, premiums have not been this low for a long time . UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Required fields are marked *. 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. The best price is MCM: $736.40 $36.82/coin (105 available). The premium now stands at 32.19%. Notice the very large difference in offer prices almost a $120.00 difference. UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track I started this website in April 2020. 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. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. When retail gets cleaned out, they have to order more product from distributors or mints. 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. Stuntman, Arganto, dikefalos and 1 other. The supply cannot keep up with demand due to refining constraints. Bullion premiums spike as a consequence. Eventually, gold prices softened and have remained unsettled ever since. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. The cheapest 500g coffee I can find is 6.75. Silver has held the attention of humankind for at least 5,000 years. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Inheritance has increased its price by more than $10.00/tube $727.21. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. 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. Then come back and talk to me here. Refinery may be backed up. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. 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. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). Thats a 50% premium. 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 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. At least since the spring of 2020, when the COVID pandemic rocked the world and the economy as we knew it came to a grinding standstill for a few months. Which led to the latest series of days over 100% (from 8/19 through 8/23). UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. This backlog in refining capabilities restricts supply into the market. Also Liberty Coin came in with lower prices which lowered the premium later in the day. "Last time we got near US$30, very close to it. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. ), cryptocurrency (dont forget FTX! With silver at $14 oz. 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. The Physical Silver Percentage Premium has also dipped below 40%. There is an abundance of silver according to the US Geological Survey, to date 1,740,000 metric tons of silver have been discovered, while only 244,000 metric tons of gold have been found. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Enter your email address to subscribe to this blog and receive notifications of new posts by email. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. In order to glean a better understanding of the precious metals chances of trading around the US$100 range, its important to examine the elements that could push it to that level or pull it further away. In this article, we explain a few reasons as to why . Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. The coin is struck using special dies. We have a cheat code for that, by the way. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. This low was set on 9/14/21 at 26.06%. Time for me to start leaving silver behind in favor of gold. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. 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. 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. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. 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 common mistake is just trying to go after retail. 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.. 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. 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. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. This premium can also be expressed as 20% over spot. Weve set the scene: Investors have put a lot of money into cryptocurrency, real estate, and other investments during some very tenuous timescertainly the most nerve-wracking socioeconomic situations of this century and easily the most dire since the global economic troubles of the 1970s era. As DEMAND rises, PRICE must move up in order to adjust to limited supply. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. Yet Apmex is selling a silver eagle at $38? MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. 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. 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