UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. 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? The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. 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. On the bright side, premiums have not been this low for a long time . Join us today for FREE! When price is low, youd think people would scoop this up. 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. That's roughly a 35% premium. Immediately, please stop reading. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. Not sure what that is all about except to say that physical inventory must be pretty tight. 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. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. They can be physically held, traded person to person, and are virtually anonymous. This premium can also be expressed as 20% over spot. 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). This moves price higher to meet that 10,000 available and find the equilibrium. As a by-product metal, investors can also gain exposure to silver through some gold companies. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. 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). (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . 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. Its not. We are also discovering just how fragile the cryptocurrency world really is. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. 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%. 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. 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. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. 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. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). This is an updated version of an article originally published by the Investing News Network in 2016. I made a point yesterday to call out a popular bullion site because they also claimed no shortage. Some premiums have been much higher than this example lately. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. italy vs argentina predictions why are silver premiums so high 2022. Because this is the internet, of course someone called bullshit on me. 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. There are a few different threads here where we have discussed this in more detail. Latest Offers, Straight To Your Inbox. Consider whats happening over the last several months, though. But Will It Last? UPDATE 3/12/21 @ 2:10 PM EST: Silver Eagles are getting a bit harder to source as Liberty Coin no longer has any offers and MCM has only one offer. 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 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%. 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. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Bullion dealers not charging 50% premium. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coins came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. 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. After that initial move is complete, further fallout related to the. Cookie Notice Lets look at dealers. In the past this would have been unheard of. 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. High premiums are proof that stackers were wise to stack all these years. But it seems like the silver premium is up more these days than even just a few years ago. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. In periods of high demand, premiums for a given silver product are likely to increase. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. I see that ASE are about $32 wholesale and around $38-40 ask. Is something up, yet again, in the physical silver market? The result is that the premium now stands at 44.00%. Your email address will not be published. Notice the very large difference in offer prices almost a $120.00 difference. I cant blame them. 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. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. There are merits for both metals, especially as part of a well-balanced portfolio. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. Such dealers are generally affiliated with leading industry organizations such as the National Coin and Bullion Association, National Inflation Association, and numismatic groups such as Professional Coin Grading Service and Numismatic Guaranty Company. More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. Premiums represent a combination of factors. So, if the silver price does rise, how high will it go? Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. In this article, we explain a few reasons as to why . "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. The current premium has declined to 44.02%. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. 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. DBS had lowest cost in quantity until the afternoon of 6/3/20. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. Go to your favorite online dealer. Many of these products are available in attractive designs and some are collected on their aesthetic merits. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. The BIG problem which you are not grasping is that the underlying silver market is NOT going to move price points by you clearing out retail. by. Watch on Black Friday is now Silver Friday thru December 23, 2021! Is there any justification for this? Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. Below, you will see your blueprint to get to $50 silver, and soon. UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay the physical silver market has gone, essentially, no offer. I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%. We will see how long it lasts. 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. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. 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. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. and new product arrivals. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. The price of silver had dropped to around the $17 mark, and demand for all metals was increasing and premiums were barely under $4 per coin (per troy ounce). Then they just give you spot. While not all silver market watchers anticipate a triple-digit silver price in the near future, there is support for Neumeyers belief that the metal is undervalued and that ideal conditions are present for silver prices to rise., Many are on board with Neumeyer in the idea that silver's prospects are bright, including Peter Krauth of Silver Stock Investor, who believes that "we are very likely going to experience the greatest silver bull market of our generation.". 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. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Know that the correct answer will depend upon your objectives mostly. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Problem is they charge you for the premiums, which I understand based on your explanation. 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. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. The massive amount of available silver has not been met with heightened demand, which has kept prices low. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. What is normal? I had to go the second page of Ebay results to find the lowest cost. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. When Palladium broke the tampy tamp, then it went nuts. Does gold store energy? UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. So, in the next few months and years, silver price will increase. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. 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.. UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. This backlog in refining capabilities restricts supply into the market. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. Why are Silver Premiums so High? APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. If you look at the spot price of silver at this moment, its somewhere around $28. Their prices are, gram for gram, cheaper than silver coins. Thats a 50% premium. I believe gold kicks in the door, but silver moves faster and further. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. "Last time we got near US$30, very close to it. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. 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. Many people with stakes in the stock market panicked and began moving their money into alternative investments. The percentage premium has skyrocketed up to 25%. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. I think I might actually buy some pretty soon . You might be surprised. 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. The silver squeeze will then be the blueprint for the gold squeeze. Posted September 13, 2022. Posted on 07/11/2022 by 07/11/2022 by 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 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Using estimated numbers here. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. Yet Apmex is selling a silver eagle at $38? And then they have to wait weeks or months in order to get more product from the distributors. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. 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. First, let's define what a "premium" is in this context. Time for me to start leaving silver behind in favor of gold. silver bars, youre paying approximately a 20-25% premium on. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. Currently, they are able to increase their spread by five to ten times, Hug said. All other standard dealers do this. 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. This is for a few reasons. 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. There are a variety of ways to get into the silver market. And perhaps go Palladium and hit $100-$200 silver beyond that. But in advance of these, you see premiums go sky high. This accounts for yet another spike in physical silver premiums to almost 60%. 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. Enroll in economics 101. Will they feel better when silver is at $75/oz and the premiums are back to "normal"? This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? 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. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. So now their shelves are empty what are they supposed to sell you? The common mistake is just trying to go after retail. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. I wouldnt trust them at all.. The increased demand has thus pushed silver premiums to higher levels. The primary reason that silver is sold at a significant discount to gold is supply and demand. The price was WAY higher than I had bought at previously. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. There are no shortage at the timber level, but refining it into lumber is the bottleneck. 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? Buy some. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. 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