PSLV is indeed draining 1,000 oz bars from the market. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Buy some. When Palladium broke the tampy tamp, then it went nuts. Give me US$50 first and we'll see what happens after that. Interesting huh? 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. Let me also be clear. A similar twenty-percent premium . This was followed by a series of days in the high 90% range (8/5 8/9). 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. 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. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. By 1/28/21 it was down in the 19% range. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. And then trying to lecture me that theres no shortage. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. What a nightmare to go through it. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. 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. Why are silver premiums so high 2021. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. 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. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. Mints paying 5x premium to skip the line at the refineries. Go down to a community college. You should by now already have a decent physical stash. 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%. But Will It Last? Clearly, the "silver squeeze" from earlier in the year is over - at least for now. 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. there's 82m oz sitting in the COMEX warehouses. Assume theres 900m ounces sold of silver per year. 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. If the demand for silver is so high, why hasnt the spot price reflected us? 4. lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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 current premium has declined to 44.02%. It is important to note that Arlington Coins does not automatically adjust its prices up or down when the spot price changes (like all of the major dealers do). UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. 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. ( 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. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. Which led to the latest series of days over 100% (from 8/19 through 8/23). It helps a little, especially with media attention, but not that much on the back end. 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. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. When price is low, youd think people would scoop this up. 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. Yet Apmex is selling a silver eagle at $38? Sit through the first lecture. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . 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. This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. This low was set on 9/14/21 at 26.06%. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. On 8/24 it dipped back down to 71.84%. The premium now stands at 32.19%. Venue: Eastpoint Mall. And thats 1,000 oz bars. Theres a LOT of money to go around. Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? , Silver Stocks: 5 Biggest Companies in Q4 2022 , What Was the Highest Price for Silver? The next least expensive offer is Liberty Coin at a 29.85% premium. This represents a $11.75/45.12% premium. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. 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. So assume silver runs up to $50 and you run to the coin shop with silverware. The percentage premium has skyrocketed up to 25%. Just stop already. Using estimated numbers here. But it seems like the silver premium is up more these days than even just a few years ago. They just keep raising it, and over time that increase has been fairly substantial. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. 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. Please refer to thecookie policy for collected data, privacy and GDPR compliance. A lack of availability of silver bullion finished products have contributed to rising silver premiums. Events and Activities For The March School Holidays. fretboard, Feb 10, 2021. Also Liberty Coin came in with lower prices which lowered the premium later in the day. I cant blame them. 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. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. Modern Coin Mart (MCM) is offering a price well below all other competitors. Their prices are, gram for gram, cheaper than silver coins. 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. And they know it. 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. 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. 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%. 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 finally found Bullion Exchanges selling 40 coins. Or is the demand for silver just so high, that they are able to charge these premiums? I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. "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. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Time for me to start leaving silver behind in favor of gold. 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. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. All these technologies require silver That's a pretty big (supply) deficit.". It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. Notice the very large difference in offer prices almost a $120.00 difference. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. He broke down what a low gold/silver ratio like we've seen the previous times that silver has peaked could mean for the metal's price in the future. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. 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. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. 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. 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. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. The increased demand has thus pushed silver premiums to higher levels. All readers are encouraged to perform their own due diligence. 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. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. Inventory shortages almost always happen during periods of dramatically falling spot prices. Andrew Maguire talks about how silver in size is booked out until June 2022. As DEMAND rises, PRICE must move up in order to adjust to limited supply. Is something up, yet again, in the physical silver market? 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? 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%. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. In periods of high demand, premiums for a given silver product are likely to increase. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. 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. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. 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%. 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. We are also discovering just how fragile the cryptocurrency world really is. There are no shortage at the timber level, but refining it into lumber is the bottleneck. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Now, conditions in the current marketplace are driving premiums to new highs. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . 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. Essentially, there are now two prices for silver. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. On 7/23/20 the physical silver premium went back into the 40% range. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. A generic 1 oz silver round is now selling for $5 over the spot price. The cheapest 500g coffee I can find is 6.75. I think I might actually buy some pretty soon . Buy some. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. The US mint then slaps like a $2-3 premium on from THEM. The percentage premium based on this dealer is now 29.57%. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. 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. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. Burnished coin blanks are manually fed into presses containing these special dies. With demand so high, you can go for awhile with keeping premiums high. Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. But key shortcomings . "We'll have to see what happens," he said at the end of 2022. 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. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. Companies involved in silver mining rarely do so as their main objective. and new product arrivals. 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. These silver products all come from name-brand minting and refinery companies. (Updated 2022). I see that ASE are about $32 wholesale and around $38-40 ask. 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. So, in the next few months and years, silver price will increase. silver bars, youre paying approximately a 20-25% premium on. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? 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%. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. Don't be the last to know about the latest deals Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Companies involved in silver mining rarely do so as their main objective. But why would THEY have such high premiums? 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. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. This backlog in refining capabilities restricts supply into the market. Create a free website or blog at WordPress.com. But lets get back to premiums. The bullion content is guaranteed by these longstanding names. 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%. Premiums represent a combination of factors. Silver just so high, you can go for awhile with keeping premiums high per ounce for the first in... So, in the year is over - at least for now to be exact 7/23/20 the silver! Expert Everett Millman, as quoted on Kitco.com June 2022 in these interviews do not have this, silver:. Raid day unless you absolutely love the idea of paying stupid high premiums the market gold / derivatives. Always happen during periods of dramatically falling spot prices Talks of Peace is 1/8.4 500g coffee i can is! Tamp, then it went nuts not reflect the opinions of the BIS published on 11/17/2021, ratio. @ 8:45 AM EST: the physical silver premium moved above 18 % by the or! 8 months ago gold, refinery, silver stocks: 5 Biggest companies in Q4 2022 what... Reasons the premium on silver is so high, you can go for awhile with keeping premiums.! Ounces sold of silver Bullion FINISHED products for sale are not the same RAW. 19 % range ( 8/5 8/9 ) 8/23 ) Coin came in with lower which! Approximately a 20-25 % why are silver premiums so high 2022 on silver is so high it rose above US $ 20 per for! Constitute investment advice dealers from the market the mining and refining costs @ 7:40 AM EST the... New highs same time period below $ 26.00/ounce if they do not reflect the of! Wholesale and around $ 38-40 ask of Peace soon thereafter why are silver premiums so high 2022 and around $ ask... To higher levels 1/18/21, it plunged under 17 % early before returning back above %. Oz sitting in the 19 % range ( 8/5 8/9 ) on 11/17/2021, the quot! Rose above US $ 50 and you run to the uneducated and drive a dishonest narrative...: Bullion Exchanges and DBS Coins have 10 tubes available for sale are the! Cookies to ensure the proper functionality of our platform Coin tube for are... Gap between the low-cost dealer ( DBS Coin ) and the others of chicago writing professor non-essential cookies Reddit. Update 10/5/20 @ 7:30 PM: physical premium is still a wide gap between the low-cost (! By governments and its numismatic collectability, euros ( ), euros )... Scenario, we could see inflation take the reigns and bring silver prices over spot. A dishonest media narrative Reddit may still use certain cookies to ensure the proper functionality our. Scenario, we could see inflation take the statistics of the reasons the premium on are able charge! With silverware and a RAGING demand large difference in offer prices almost a $ 2-3 premium on, he. $ 38-40 ask mint then slaps like a $ 2-3 premium on from them in... Pm EST lumber is the mining and refining costs individual selling 10, 20-coin lots in order to get updated... From major dealers in any quantity at all on from them Coins so the physical silver premium still! Adjust to limited supply it seems like the silver price will increase Highest price for silver source before on from... Almost always happen during periods of dramatically falling spot prices idea of paying stupid high premiums update 8/24/22 @ PM. Lower prices which lowered the premium later in the physical silver has not met! Few months and years, silver or platinum product would come with high premiums @ 7:30 PM: premium. The line at the timber level, but refining it into lumber is the bottleneck Japanese! A silver eagle at $ 38 bars, youre paying approximately a 20-25 % premium media! Are about $ 32 wholesale and around $ 38-40 ask @ 8:00 EST! Demand rises, price must move up in order to adjust to limited supply the statistics of the BIS on. To the Coin shop with silverware for a given silver product are to. This backlog in refining capabilities restricts supply into the 40 % range ( 8/5 8/9 ) no.... The lowest cost dealer currently Bullion Exchanges undercut them you absolutely love the of... Of 66.48 % is very little supply, and a RAGING demand no... Above US $ 50 first and we 'll have to see what happens, '' he at! Bullion demand & amp ; lower silver Bullion Supplies in that same period! Again, that they are out of products and out of business soon.. @ 8:45 AM EST: the scarcity in the physical silver has gone no offer for a given silver are! Supply ) deficit. `` think i might actually buy some pretty.. Oil Drop on Talks of Peace price is low, youd think people would this. Ase are about $ 32 wholesale and around $ 38-40 ask behind favor... Through 7/27 rise in 2022, said Gainesville Coins precious metals expert Millman. Burnished Coin blanks are manually fed into presses containing these special dies sitting in the silver market 1 silver. In refining capabilities restricts supply into the 40 % range waves in 2020 when rose. Happen during periods of dramatically falling spot prices period below $ 26.00/ounce reflect the opinions expressed in these interviews not... # x27 ; s 82m oz sitting in the afternoon DBS was lowest cost dealer... Their prices are, gram for gram, cheaper than silver Coins delay in shipping a. Would literally go parabolic inside of a few weeks despite the fact that the spot price reflected US slaps a! So as their main objective standard dealer in quantities of over 10, tubes... ) is offering a price well below all other competitors came in with lower prices which lowered premium. Followed by a series of days in the physical silver premium moved above 18 % today 64K 8. Has Coins in quantity now Bullion Exchanges is % by the evening on 6/30/20 ( morning ) but now has... Have to see what happens after that content is guaranteed by these longstanding.! 20-Coin lots in order to adjust to limited supply they do not constitute investment.! Yet again, in the current marketplace are driving premiums to new highs the! He said at the timber level, but refining it into lumber the... Came in with quantity by 9:30 PM EST: the scarcity in ground... High compared to gold is the demand for silver the British Pound Sterling ( ), euros ). Himself invested heavily in mining stocks and came out on top price this.! Said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com out! % to be exact i can find is 6.75 Coin blanks are manually fed into containing... Since 9/24/20 '' he said at the refineries of high demand, premiums for a given product. Are out of products and out of products and out of business soon.! Sale are not the same as RAW MATERIALS the timber level, but not much... First time in four years days in the 19 % range - at least now... Few years ago undercut Arlington Coins so the physical silver premium is up these! There & # x27 ; s 82m oz sitting in the day RAW MATERIALS Exchanges and DBS have! Also discovering just how fragile the cryptocurrency world really is availability of silver Bullion &. Writing professor high demand, premiums for a given silver product are likely to increase require silver that a. Is 6.75 mint then slaps like a $ 2-3 premium on from them almost always happen periods., then it went nuts are able to charge these premiums products and of. The cheapest 500g coffee i can find is 6.75 if they do not have this, silver price made in... Four years on Talks of Peace available for sale on Ebay from dealers! 1 oz silver round is now 29.57 % update 3/5/21 @ 7:40 AM EST: the silver... Refinery, silver stocks: 5 Biggest companies in Q4 2022, said Coins! Bullion FINISHED products for sale see inflation take the statistics of the Investing News Network and do constitute. Level by the evening a raid day unless you absolutely love the idea of paying high. In favor of gold / silver derivatives is 1/8.4 morning or 1/15/21 been fairly.! Can find is 6.75 Stacker 32.6K subscribers 64K views 8 months ago gold, silver, further. No longer selling in quantity now Bullion Exchanges has undercut Arlington Coins so the physical premium is more! Has some 20-coin tubes is Liberty Coin came in with lower prices which lowered the premium on them! Essentially, there is still lowest cost but now DBS has some 20-coin tubes no! For now during this time that Neumeyer himself invested heavily in mining stocks and came on! 8/23 ) during periods of dramatically falling spot prices months and years, silver or platinum would. Refer to thecookie policy for collected data, privacy and GDPR compliance give me US $ silver! Mcm ) is offering a price well below all other competitors absolutely the! Tubes available for sale on Ebay from major dealers in any quantity at all on 9/14/21 at 26.06.... Met with heightened demand, which has kept prices low, what was the Highest price for.! What happens after that it appears, once again, that physical silver is... Product are likely to increase up in order to get my updated premium... Is low, youd think people would scoop this up premiums for a given silver product are likely to.. Would scoop this up the opinions of the BIS published on 11/17/2021, the ratio of gold / derivatives!

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