Falling prices and low premiums did prompt strong retail buying in the markets for physical bullion in the past week.
The market is presenting the best opportunity to buy popular products in a very long time. Spot prices are the lowest they have been since December, but premiums are the lowest they have EVER been in more than a decade.
Silver bottomed under $14/oz in 2015, but premiums on half dollars, silver dimes, and quarters were north of $5/oz at the time. Investors had to spend close to $19/oz to buy those coins. Today they can be purchased for well under $17/oz – only a few cents over spot for larger orders.
Silver Eagle premiums are at generational lows as well. The random year Silver Eagles are selling for as low as $2.05 over spot making this a great deal for anyone looking to stock up on Silver Eagles.
About the Author:
Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named "Best in the USA" by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals' brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.