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. 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. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. Let me also be clear. A silver Britannia is about 8 per coin over spot. Because this is the internet, of course someone called bullshit on me. (Updated 2022). 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. "I actually saw someone the other day call for US$500 silver," he said. 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. 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. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. "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. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! Plus, silver has the added advantage of being a widely used industrial metal. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. 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. What kind of a free market is that?". UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX:FR,NYSE:AG), has frequently said he believes the white metal could climb even higher, reaching into the triple digits. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. I think I might actually buy some pretty soon . Lets look at dealers. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. 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. Yet Apmex is selling a silver eagle at $38? In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. These dealers wereInheritance Precious Metals&Hannigan Coin. If you want to take down Darth Vader, youre going to need a bigger boat. Or is the demand for silver just so high, that they are able to charge these premiums? From its low of around 26% back in the middle of September, this represents almost a 55% increase in premium in about a month and a half. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. 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. 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. Clearing out retail helps, in a way, but is not what drives the price of the silver market. Which led to the latest series of days over 100% (from 8/19 through 8/23). ), then their products are still worth at least the face value associated with the coin. In periods of high demand, premiums for a given silver product are likely to increase. 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. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. The price of silver has had a solid 2023 so far, . UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. 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 spot price of coffee at the moment is 1.90 per lb (500g ish). Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. Instead, they were keeping their prices fixed. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Why are silver premiums so high 2021. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. The same cant be said for those who invest in stocks (remember Enron? What are other options to drain the COMEX, so to speak? Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. The cheapest 500g coffee I can find is 6.75. 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. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Anyone take a look at timber versus lumber. 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. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). But in advance of these, you see premiums go sky high. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. 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). That's because when rates are higher interest shifts to products that can accrue interest. 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. italy vs argentina predictions why are silver premiums so high 2022. "It is so cheap relative to other metals and other. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. Please refer to thecookie policy for collected data, privacy and GDPR compliance. Scroll. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. 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 other words, their investment dollars will never completely vanish. Interesting huh? 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. Stuntman, Arganto, dikefalos and 1 other. But anyone, really, can go to the COMEX today and take off millions of ounces. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. Inheritance has increased its price by more than $10.00/tube $727.21. 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. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. 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. Then there were the millions who turned to the traditional safe haven investment of bullion. 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. More recently, the huge economic impact of the COVID-19 pandemic and Russia's war with Ukraine have been major sources of concern for precious metals investors. After that you will find APMEX with a price of $847.42. The current premium has declined to 44.02%. "I'm not quite sure I'm at the level. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. 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). You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. If the demand for silver is so high, why hasnt the spot price reflected us? Heres the problem with that. Many of these products are available in attractive designs and some are collected on their aesthetic merits. Are dealers being greedy and ripping stackers off? Investing News Network websites or approved third-party tools use cookies. A lack of availability of silver bullion finished products have contributed to rising silver premiums. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. It has not been this high since the Summer of 2021. Assume theres 900m ounces sold of silver per year. 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%. "Last time we got near US$30, very close to it. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. 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.. In times of normal conditions, Ive heard experts state that you can get a 1,000 oz bar from the COMEX at $.10 to $.20 over spot. 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%. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. Support them. 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. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. On the bright side, premiums have not been this low for a long time . As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. The increased demand has thus pushed silver premiums to higher levels. Using estimated numbers here. 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