Physical Silver Premium Increases to Almost 30%.

Posted 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:

When the market closed on Friday (1/29/21) the physical silver premium was about 19%. It now stands at over 29%. This represents a 50% increase in one day. Something is certainly brewing in the silver market.

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%. The red line shows the 90-period moving average of the percentage premium.

LAST GRAPH UPDATE: 1/30/21 @ 10:15 PM EST.

Spot Silver Price (ounce) – $27.00

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $34.98

Current Premium: $7.98/29.57%

Aydin Coins is the lowest price dealer selling in quantities of more than 10.

UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins – Aydin Coins. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. The percentage premium based on this dealer is now 29.57%.

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