And perhaps go Palladium and hit $100-$200 silver beyond that. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. 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. The price of silver has had a solid 2023 so far, . Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. This was followed by a series of days in the high 90% range (8/5 8/9). 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. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. 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. We are also discovering just how fragile the cryptocurrency world really is. I see that ASE are about $32 wholesale and around $38-40 ask. This represents a $11.75/45.12% premium. 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. Its not. "I actually saw someone the other day call for US$500 silver," he said. This may have something to do with what is happening on the Robinhood platform. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. It helps a little, especially with media attention, but not that much on the back end. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. Economic Conditions Below, you will see your blueprint to get to $50 silver, and soon. UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. 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. Thank You! 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. Using estimated numbers here. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. 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. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. UPDATE 4/15/21 @ 7:20 AM EST: It appears that most of the lower-cost dealers are now out of the market and this is leading to an upward pressure on physical premium. The same cant be said for those who invest in stocks (remember Enron? The spot price has become the price for "paper" silver (ETFs and the like). These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . UPDATE: 4/23/21 @ 7:20 AM EST: Arlington Coins has increased its offer price by $20.00/tube which has led to an increase in the physical silver premium to over 46%. Silver has held the attention of humankind for at least 5,000 years. 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. Does gold store energy? By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. "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. I had to go the second page of Ebay results to find the lowest cost. Because this is the internet, of course someone called bullshit on me. ( 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. In my opinion, the demand for physical investment has by far been the biggest disruptor . Lets look at dealers. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. 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. 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. 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 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. Mints paying 5x premium to skip the line at the refineries. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. The bullion content is guaranteed by these longstanding names. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. Investing News Network websites or approved third-party tools use cookies. Don't be the last to know about the latest deals and new product arrivals. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. 4. 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. Some may mark up prices to prevent running out of inventory, or to capture profits. Are high premiums on silver justified? The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. One can argue that why are the premiums so high on gold. This is anticipating people wiping out their stocks. 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. by. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. Percentage premium is 58.90%. 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. And perhaps go Palladium and hit $100-$200 silver beyond that. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. However, premium changes vary by . While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. 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. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. Buy OneGold that says that it is allocated and a Sprott product. The physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. During other months, silver and gold prices tend to have more volatility. 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. Modern Coin Mart (MCM) is offering a price well below all other competitors. As a by-product metal, investors can also gain exposure to silver through some gold companies. Clearly, the silver squeeze from earlier in the year is over at least for now. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. Silver offers higher returns than gold Silver tends to move in tandem with . Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. Is something up, yet again, in the physical silver market? Get your shiny. 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