Why Are Premiums Over Spot Getting So High!?

Quite simple , no one has any to sell right now !
If you want cheap silver you need to buy a silver contract
or play the silver options market , not for the faint of heart .

Sometimes things are less expensive if you think outside of coins and rounds. I picked up 4 oz of sterling flatware yesterday for $17 an ounce, and $7 an ounce after using ebay bucks. I see these deals from time to time, though most sellers are careful about underpricing. Make sure you buy solid pieces.

It's a pattern I like, and I'll use them on the table. It's claimed that sterling has health benefits, though this is probably an urban legend. Another thing you can't do with rounds.

This disconnect of paper price vs physical is nothing new, it's happened in the past.

It seems dealers would make more money selling by volume at lower premiums than selling at high premiums but selling fewer. Maybe that way of thinking doesn't apply to metals, I dunno...

@TheForce, dealers don't have the volume available to sell.

Before the shut down, my LCS could not get any more silver (at the new lower spot price) from their suppliers.

When time were normal, their profit per ounce was about $1.0. They will be losing money by selling their small amount of old stock at a lower premium.

In my opinion (not worth much), I think that the current price is still getting accustomed to the new market. Not until we have some normalization will we see a stable "real" price. I can't understand why people want to buy silver when there are way bigger priorities to take care of right now. I wanted to buy metals back in early to mid-March and even then nobody had stock. Like everything else you can buy in this world, you had to stock up months before and not in the heat of a panic. There are tons of products on backorder and restrictions per family (e.g. limiting quantities for hot commodities). The places where I buy you have to put in your order and just wait for them to get a shipment so they can ship it to you. Another place just doesn't have any. Other places jack up the price because they don't know when they're getting their next shipment. Same with basically every general store right now. Has anyone bartered with metals here before?

You guys remember April 2013, I think it was? This was right after the all-time high. Price went from $48 to $36 and bounced around for months, then to about $27ish but rounds were being sold at $32-$34 because of sudden dips. Unless you're plugged into the electronic market these prices make no actual sense. You can't force a person to sell their metals to you just because you want them now.

Here's under $20, almost $19 if you buy 20.

https://silvergoldbull.com/1-oz-sil...silver-round