UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institutes recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically dont make those figures public. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. 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? UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. Notice the very large difference in offer prices almost a $120.00 difference. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. Refining capability. Why are American Silver Eagle Premiums High? Theres a LOT of money to go around. This is why they need tampy tamp. 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. Does gold store energy? What you find from these dealers is that the US mint only makes so many eagles. As seen on the table which depicts the supply/demand situation in the last 10 years, it becomes clear that 2022 will be year with an epic physical market shortage. The percentage premium based on this dealer is now 29.57%. , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? that's a 255% 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. Stay tuned. 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. To anyone with a business education, it makes them look disgusting as they are manipulating facts. The next best deal is a 40-coin lot from Bullion Exchanges. In general, however, it is high because there is more demand for silver in the world than there is for gold. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. Why are silver premiums so high 2021. by. Plus, silver has the added advantage of being a widely used industrial metal. Companies involved in silver mining rarely do so as their main objective. Electric vehicles, solar panels, windmills, you name it. Support them. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. 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. By 1/19/21 (evening) it had moved back into the 19% range. Modern Coin Mart (MCM) is offering a price well below all other competitors. This represents about 15% of the $10,000 increase in their income. 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. A similar twenty-percent premium . This then goes to distributors who have a mark up, then get to the end dealer to sell. Many people with stakes in the stock market panicked and began moving their money into alternative investments. During the backwardation of September 2015, silver was trading . If you WANT to keep the pressure on, let the common Joe buy silver at $50 silver retail where you continue your pressure with PSLV, OneGold, Kinesis, and vaulting services buying 1,000 oz bars. Dont forget to follow us @INN_Resource for real-time news updates! Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? 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. The current premium has declined to 44.02%. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Events and Activities For The March School Holidays. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. 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. Published: Dec 19, 2022. Go down to a community college. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. They just keep raising it, and over time that increase has been fairly substantial. Eventually, gold prices softened and have remained unsettled ever since. Very interesting. Immediately, please stop reading. The increased demand has thus pushed silver premiums to higher levels. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. lowest cost dealer selling in quantities of over 10, 20-coin tubes. If you talk to some people who sell 1,000 oz bars theres no shortage of them. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . (Updated 2022). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. And gold bars, Maybe 5%. Then come back and talk to me here. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. So assume silver runs up to $50 and you run to the coin shop with silverware. The best price is MCM: $736.40 $36.82/coin (105 available). A generic 1 oz silver round is now selling for $5 over the spot price. "I actually saw someone the other day call for US$500 silver," he said. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). I just bought 25lbs of 90%. 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. The Physical Silver Percentage Premium has also dipped below 40%. Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. These dealers wereInheritance Precious Metals&Hannigan Coin. THIS WILL MAKE RETAIL PREMIUMS JACKED. Bullion dealers not charging 50% premium. As DEMAND rises, PRICE must move up in order to adjust to limited supply. 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. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. But Will It Last? The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. 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%. So, if the silver price does rise, how high will it go? As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. Why does it cost more to buy silver coins, rounds, and bars today? 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%. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). Scan this QR code to download the app now. 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. This premium can also be expressed as 20% over spot. What you and others can do if you are doxxed your rights online and with the law, Kinesis metals holdings as part of a LAYERED approach a USE CASE for Kinesis Monetary System, Follow Renaissancemen.org on WordPress.com, That the price point will then unlock supply, bringing this supply to market, That the refining capability exists to then process raw materials into finished products. The relatively high premiums from such a . To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. 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. This potentially is what is in store for gold and silver soon. So I quite like silver a lot.". 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. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. 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. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. There are no shortage at the timber level, but refining it into lumber is the bottleneck. fretboard, Feb 10, 2021. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. I see that ASE are about $32 wholesale and around $38-40 ask. Buy some. Privacy Policy. Why are silver premiums so incredibly high? "I'm not quite sure I'm at the level. Thats roughly a 35% premium. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. The bullion content is guaranteed by these longstanding names. Let me know down in the comments below!Great prices on silver bullion at SD Bullion https://shrsl.com/3dyunFollow me on Twitter https://twitter.com/stacksmarterFollow me on Instagram https://instagram.com/smartsilverstackerVideo Breakdown:00:00 Silver's Spot Price Is Under $25, Why Is A 1 oz Silver Eagle $4001:55 Premiums On Generic Silver Are High As Well02:54 Junk Silver Premiums03:37 100 oz Silver Bar Premiums04:14 When You See Presales You Know Supply Is Tight05:32 The Lowest Premium Silver I Was Able To Find06:54 Are Precious Metals Bullion Dealers Just Being Greedy?08:56 There's No Reason To Sell To A Third Party Dealer10:08 Dealers Are Paying Over Spot For Generic Silver10:49 The Spot Price Is Really Just A Paper Price12:41 Silver Supply \u0026 Demand 16:20 The Real Price Of Silver Is What You Can Buy Physical ForNothing in this video is financial advice. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. In periods of high demand, premiums for a given silver product are likely to increase. Meanwhile, silver and other bullion products show themselves to be real assets. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. See above. "It's not a small thing, and it's not going away. Instead, they were keeping their prices fixed. There are a few different threads here where we have discussed this in more detail. silver bars, youre paying approximately a 20-25% premium on. Let me repeat. Don't be the last to know about the latest deals and new product arrivals. 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. The premium on a silver product is the amount of money above the spot price of silver that the product costs. And for that, please take a look at the three options I mention above. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. With silver at $14 oz. But anyone, really, can go to the COMEX today and take off millions of ounces. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. 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. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Current percentage premium is under 24%. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. 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. ), cryptocurrency (dont forget FTX! The coins are then struck multiple times. 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. Are dealers being greedy and ripping stackers off? The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. I do NOT work in the silver bullion industry. This low was set on 9/14/21 at 26.06%. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. "It is so cheap relative to other metals and other. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. Physical Silver Eagle Premium Hits Record 71.25%. 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. On 8/24 it dipped back down to 71.84%. Lets look at dealers. Assume theres 900m ounces sold of silver per year. Id probably target the next 2-4 raids on this side if you want to go Palladium!! ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. 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. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. 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. If the demand for silver is so high, why hasnt the spot price reflected us? 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. Watch on Black Friday is now Silver Friday thru December 23, 2021! This represents a $11.75/45.12% premium. Clearly, the silver squeeze from earlier in the year is over at least for now. Sit through the first lecture. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. Get your metals now. 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). I think these numbers are made up, he said. If you want $100 and $200 silver, look at the chart above. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. 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. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. Is something up, yet again, in the physical silver market? The $3 was seen as the cost to mint the coins. 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. For more information, please see our This accounts for yet another spike in physical silver premiums to almost 60%. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. If you are new, buy a little on the left side when premiums drop. 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. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. American Silver Eagles' premiums are high for one main reason: demand. Silver and gold are the types of things that as price rises, people pile into it. First, a proof coin is simply more expensive to make. Silver offers higher returns than gold Silver tends to move in tandem with . 4. This is exactly what happened today. By 1/28/21 it was down in the 19% range. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . The problems are twofold with this statement: When I have been doing my metrics guides up, you look for refiners being backed up months. That's because when rates are higher interest shifts to products that can accrue interest. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. The price was WAY higher than I had bought at previously. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. If you want to take down Darth Vader, youre going to need a bigger boat. Current percentage premium is 44.63%. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. "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. All readers are encouraged to perform their own due diligence. The next least expensive offer is Liberty Coin at a 29.85% premium. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Then there were the millions who turned to the traditional safe haven investment of bullion. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. To perform their own due diligence to other avenues to buy Commodity Futures Trading ). 29.85 % premium on a 20-coin tube why are silver premiums so high 2022 Ebay ): $ 736.40 $ 36.82/coin ( 105 available.... A 60 % premium on this side if you want to take down Darth Vader, youre approximately... Network does not guarantee the accuracy or thoroughness of the information reported in year... 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