Silver Spot Price In Relation To Premiums On Bullion?

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Author	Replies: 5 / Views: 1,724
ACWhammy Valued Member United States 119 Posts	Posted 11/02/2018 9:31 pm Hi all, I'm kind of new to the silver bullion market so I haven't yet seen what kind of pricing trends happen when spot goes up and down. With spot hovering around $14.50-$15, I've noticed that a lot of the newer date Silver 1 oz bullion can be had for $17-19. Some of the back dates sell for a premium at $25-28+ and of course much more for the lower mintage dates. Now I realize if Silver were to go up to $20 very quickly, the newer date 1 oz bullion would probably sell for $21-$23. My question is this - will the premium silver bullion also increase as spot increases? Would a $25 silver 1 oz today go for $30 when spot goes up to $20? Or do the premium pieces wait until the Silver spot "catches up?" I hope my question is clear. Thank you, AC Report this Post to the Staff

SpaceMaNy0 Valued Member United States 343 Posts	Posted 11/02/2018 9:50 pm I feel they bump the premiums a bit when spot is lower. To answer your question, yes, in my opinion the higher premiums always stay higher. On the buying side of course. Probably opposite on the selling side. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 11/03/2018 6:07 pm You'd be better off playing the paper game if for profit. No physical metals needed. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
Silvercoin2011 New Member Canada 20 Posts	Posted 11/04/2018 5:29 pm Premium is higher when spot price is lower. But for semi numi they doaconnect from the spot. Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 11/04/2018 5:39 pm Depends. When silver was nearly $50/oz I had a hard time finding a dealer willing to purchase several hundred dollars face of US 90% silver coins. I think I had to settle for the equivalent of $40-something per oz. Most dealers did not want to touch it at that time. Report this Post to the Staff
ACWhammy Valued Member United States 119 Posts	Posted 11/05/2018 9:30 pm Ok, I guess it's pretty random. I was just thinking about waiting for spot price to go up before getting the higher end 1 oz bullions (pandas, etc.) because I was hoping it wouldn't push the premiums up higher. I bought a 2015 panda today for $10 over spot, and it just seems easier to justify buying it at $25 when spot is $20 Thanks for the 2 cents from everyone! AC Report this Post to the Staff
	Replies: 5 / Views: 1,724

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