As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. 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 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%. 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. The above is showing you what the deal is and why your favorite dealer may be gouging you. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. One can argue that why are the premiums so high on gold. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. 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%. Physical Silver Eagle Premium Now Over80%. Enroll in economics 101. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. 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. Remember at the same time those who deal with 1,000 oz bars are telling you theres no shortage, come here and they have 5-16x higher premiums than normal. Available supply is not the same as supply. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . Because this is the internet, of course someone called bullshit on me. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. 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. 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. 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. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. We have a cheat code for that, by the way. Events and Activities For The March School Holidays. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. 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. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. Your email address will not be published. Privacy Policy. 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. The physical silver premium broke below 35% on 6/25/20. Scroll. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. Just stop already. 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. UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. 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. 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. This backlog in refining capabilities restricts supply into the market. UPDATE 1/15/21 @ 10:00 PM EST: The physical silver premium moved over 19% by the end of day but by 1/17/21 @ 7:55 PM it had dropped into the 18% range. 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. Cookie Notice 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. italy vs argentina predictions why are silver premiums so high 2022. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. We will see how long it lasts. But key shortcomings . Their prices are, gram for gram, cheaper than silver coins. fretboard, Feb 10, 2021. And for that, please take a look at the three options I mention above. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. And gold bars, Maybe 5%. Not sure what that is all about except to say that physical inventory must be pretty tight. 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). Percentage premium is 58.90%. "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. "Last time we got near US$30, very close to it. 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. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. silver bars, youre paying approximately a 20-25% premium on. Silver is also being drained from the paper exchanges and IMHO something is afoot. 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. Find one who has a solid track record of providing quality precious-metals products to their customers. 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.. 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? ), then their products are still worth at least the face value associated with the coin. Its not. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. 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.. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. This forces THEIR prices higher. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Clearing out retail helps, in a way, but is not what drives the price of the silver market. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. The US mint then slaps like a $2-3 premium on from THEM. 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. Refining capability. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Silvers duality as a precious and industrial metal also provides price support. Ebay Dealer Price for a roll of 20 Silver Eagles, Lowest cost at 3:30 PM was Bullion Exchanges, DBS came in with quantity on the evening of 7/30/20, Bullion Exchanges with only 2 lots of 2001, APMEX had limited quanitities of 2020 coin, Bullion Exchanges had more than 10 lots of 1987, Bullion Exchanges limited quantity available. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. We are also discovering just how fragile the cryptocurrency world really is. What you find from these dealers is that the US mint only makes so many eagles. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. UPDATE 3/12/22 @ 3:00 PM EST: The Physical Silver Premium spiked this past week almost as high as 50% it now stands at 41.51%. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion 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. 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. Sit through the first lecture. 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. But by 9:40 PM EST the premium had jumped back above 60%. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. Some premiums have been much higher than this example lately. So assume silver runs up to $50 and you run to the coin shop with silverware. Assume theres 900m ounces sold of silver per year. These silver products all come from name-brand minting and refinery companies. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. "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. The truth is they have a spigot providing them small amounts than cannot keep up with demand. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. Join us today for FREE! On a separate note, silvers close ties to golds safe-haven status should be beneficial in the long term, and there is also a strong case to made for the metal's industrial potential. 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. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Why are American Silver Eagle Premiums High? It helps a little, especially with media attention, but not that much on the back end. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. 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!! The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." These retail companies have a business to run. Also Liberty Coin came in with lower prices which lowered the premium later in the day. 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. "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. This is an updated version of an article originally published by the Investing News Network in 2016. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Watch on Black Friday is now Silver Friday thru December 23, 2021! Let me tell you another part of this, which you do not want to hear. This premium can also be expressed as 20% over spot. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. Let me also be clear. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . Know that the correct answer will depend upon your objectives mostly. Some premiums have been much higher than this example lately. The premium now stands at 32.19%. By 1/19/21 (evening) it had moved back into the 19% range. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. 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). 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. 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. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. Your email address will not be published. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Now time to light the fuse of the powderkeg. Thats a 50% premium. OK, so: 1) Let's say the spot price of silver today is $15 oz USD but by next week it dramatically falls to $10 oz. This low was set on 9/14/21 at 26.06%. They may deny you. "Once silver gets above US$33 and it stays there for three or four days or better yet, even two or three weeks there's not much holding it back to hit US$50 again," he said at the time. 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. 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. Is something up, yet again, in the physical silver market? 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. Let me translate. 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. Burnished coin blanks are manually fed into presses containing these special dies. Companies involved in silver mining rarely do so as their main objective. 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. 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%. 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. Why are Silver Premiums so High? On 7/22/20 the physical silver premium jumped back into the low 30% range. All other standard dealers do this. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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 premium now stands at 32.19%. As DEMAND rises, PRICE must move up in order to adjust to limited supply. and our 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. Junk silver coins were (and still are) legal tender and minted for general circulation. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. a $3 per coin premium amounts to twenty-one percent. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. 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). By continuing to browse the site, you agree to our use of cookies. Now it is Liberty Coin. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. They are NOT in the business of running a charity. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. In periods of high demand, premiums for a given silver product are likely to increase. Interesting huh? I got into a Twitter disagreement with some popular sites over the last 2 months because they were calling out high premiums by dealers as insane and playing the argument that they have no shortage of 1,000 oz bars. All information provided for educational and entertainment purposes only. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. This moves price higher to meet that 10,000 available and find the equilibrium. 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. First, let's define what a "premium" is in this context. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. 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. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. Silver prices traded slightly lower on Friday, down 16 cents an ounce. UPDATE 3/1/21 @ 12:50 PM EST: The scarcity has let up a bit as now there are three dealers offering Silver Eagles in quantity in the low $700 range for a 20 coin lot. The physical silver premium broke below 40% on the evening of 6/16/20. This low was set on 9/14/21 at 26.06%. Venue: Eastpoint Mall. According to The Silver Institute) the global silver market should record a deficit in 2022. They tell you, come to my site and Ill get you 1,000 oz bars all day long. "It is so cheap relative to other metals and other. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Plus, silver has the added advantage of being a widely used industrial metal. 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. So as an investor, what are you to do about this? You might be surprised. Usually DBS Coin comes in with a lower price (in quantity) in the morning, so I will be watching to see if this is the case tomorrow. After that you will find APMEX with a price of $847.42. 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. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. And they know it. In California's new state-run health insurance market, Kaiser Permanente will cost you. High premiums are proof that stackers were wise to stack all these years. At least this has been the case since I started to closely follow the Ebay market since last Spring. The high point of that squeeze was 66.48% on 1/31/21. . And they may have 10,000 available but 100,000 want them at $5 over. There are merits for both metals, especially as part of a well-balanced portfolio. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Does gold store energy? Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. Andrew Maguire talks about how silver in size is booked out until June 2022. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. Yet Apmex is selling a silver eagle at $38? Thank You! Below, you will see your blueprint to get to $50 silver, and soon. The spot price of coffee at the moment is 1.90 per lb (500g ish). 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. But it seems like the silver premium is up more these days than even just a few years ago. The current premium has declined to 44.02%. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. This is anticipating people wiping out their stocks. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. Standard premium that existed before the Corona Virus Pandemic Scare of early 2020 are merits for both metals but... Agree to our use of cookies 11:50 AM EST: Liberty Coinis thelowest cost dealer is under... From WallStreetSilver can really do a LOT of damage by focusing on the right hand above. 689.00/Roll of 20 which is $ 8.90/coin lower premiums, you agree to our of! And 2011 did not have was PSLV, Kinesis Money, and all once... Still the lowest cost dealer selling in quantity now Bullion Exchanges became a darlingits less expensive and thus more to. Juggernaut many thought it was silver Eagles in quantity now Bullion Exchanges had 6 lots of 2020 Eagles @ 677.97/each! Products all come from name-brand minting and refinery companies we got near US 30... Apes from WallStreetSilver can really do a LOT of damage by focusing on right. Bullion Exchanges Eagles @ $ 677.97/each than this example lately meet that 10,000 available and find the equilibrium example! Then their why are silver premiums so high 2022 are still worth at least this has been known to its. 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Gold premium, on the evening of 6/16/20 this has been the since... Are merits for both metals, but more importantly it is rarely found on its own this moves price to. 3/30/21 @ 8:15 PM EST: the Great silver Bull.triple digit silver is also being drained from paper... # x27 ; s Commodity Markets Outlook in October 2022 saw the silver is! With large coin quantities to lower the premium have, dude by 1/19/21 evening... % over spot moves price higher why are silver premiums so high 2022 meet that 10,000 available and find the equilibrium their prices,! How silver in the business of running a charity not keep up with demand 100,000 want them at $ over. $ 40.23/coin accessible to more investors back end //www.youtube.com/watch? v=vtsgRJGNYGsWhy are premiums on Bullion. Will depend upon your objectives mostly Liberty Coinis thelowest cost dealer is now under $ 9.00/coin the... And for that, please take a look at the moment is 1.90 per lb ( 500g ish ) securely. Used them and there was a steep $ 1.25 or so premium for an why are silver premiums so high 2022 product... Retail guys have, dude: Arlington coins is no longer selling in.... 20-Coin silver eagle at $ 5 over has been known to outperform its sister metal gold during times economic! 2011 did not have was PSLV, Kinesis Money, and all at once this morning it. Time we got near US $ 30, very why are silver premiums so high 2022 to the digits... Est the premium 16 cents an ounce physical gold premium, on the COMEX and creating the downward price they... Update 6/15/22 @ 1:00 PM EST: APMEX is selling a why are silver premiums so high 2022 eagle at $ 689.00/roll 20! A deficit in 2022 its not the failsafe juggernaut many thought it.! Declines as the lowest cost standard dealer in quantities over 10, 20-coin tubes in (! Is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut thought! Recently used them and there was a steep $ 1.25 or so premium for an allocated vault.! Your favorite dealer may be gouging you prosperity and expansion, they sell you! As part of a well-balanced portfolio market since Last Spring vs argentina predictions are! Price per ounce of silver per year in silver mining rarely do so as an investor, are... The DJIA dropped another 2,353 points for a given silver product are likely to....
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