After a Spike to 60% in Late July/Early August, Physical Silver Remains Stuck in the Low 30% Range Now.

Written by Gregory Monte.

For graphs showing the physical gold & silver premiums as well as the current physical gold/silver ratios compared to spot, please go to my website:

This chart shows the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10). The first data point is my last purchase of a 20 roll of Silver Eagles back in August of 2019 when the premium was only 13.47%.

Current Premium (8/12/20 @ 7:50 PM): $8.65/33.75%

Bullion Exchanges is lowest price dealer selling in quantities of more than 10.

UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. DBS Coin is the lowest price dealer now.

UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. MCM has 48, 20-coin lots for sale @ $747.80/each (2015), 16, 20-coin lots @ $752.80/each (2013) and 19, 20-coin lots @ $764.00/each (2016). After that there are plenty of other dealers offering 20-coin lots for under $800.00.

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). We will see how long it lasts. 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). After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10.

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