Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. If the demand for silver is so high, why hasnt the spot price reflected us? 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. 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. In my opinion, the demand for physical investment has by far been the biggest disruptor . Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . On 8/24 it dipped back down to 71.84%. 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. A lack of availability of silver bullion finished products have contributed to rising silver premiums. What I had heard from 2011 was that they had to stop taking things like constitutional and silverware because refineries were backed up for 2 months. Their prices are, gram for gram, cheaper than silver coins. 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 Physical Gold Premium, on the other hand, still remains quite low at 6.75%. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. That's due to all the great technologies, all the newfangled gadgets that we're consuming. I think I might actually buy some pretty soon . The percentage premium has skyrocketed up to 25%. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Supposedly, this is matched to silver in their vaults. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. This low was set on 9/14/21 at 26.06%. 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. The truth is they have a spigot providing them small amounts than cannot keep up with demand. Silvers duality as a precious and industrial metal also provides price support. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. And these can be delayed for a long time. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. 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. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. 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. 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 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%. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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. Published: Dec 19, 2022. 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. Inventory shortages almost always happen during periods of dramatically falling spot prices. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. 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. On 7/22/20 the physical silver premium jumped back into the low 30% range. Inheritance has increased its price by more than $10.00/tube $727.21. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Also Liberty Coin came in with lower prices which lowered the premium later in the day. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. 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. This low was set on 9/14/21 at 26.06%. Let me translate. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. The coins are then struck multiple times. 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. "And we will be dealing with the costs for many years to come.". Electric vehicles, solar panels, windmills, you name it. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. 1. 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). Consider whats happening over the last several months, though. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. A few weeks ago, I saw price at $27 and the price of eagles at $41. 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. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. With demand so high, you can go for awhile with keeping premiums high. 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. High premiums are proof that stackers were wise to stack all these years. 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. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. Yet Apmex is selling a silver eagle at $38? Buy OneGold that says that it is allocated and a Sprott product. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. Know that the correct answer will depend upon your objectives mostly. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. 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. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. The next least expensive offer is Liberty Coin at a 29.85% premium. Don't be the last to know about the latest deals In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. 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. Why is silver trading so high? Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. All information provided for educational and entertainment purposes only. Time for me to start leaving silver behind in favor of gold. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. 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. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. Because this is the internet, of course someone called bullshit on me. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. The increased demand has thus pushed silver premiums to higher levels. Anyone take a look at timber versus lumber. But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. 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 premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. 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