Physical Silver Premium Skyrockets to Over 25%

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:

UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20 coin tubes in quantities over 10 – Aydin Coins. This is a dealer that I have never seen in the rankings since I started this website. Using this dealer puts the percentage premium at almost 30%.

UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. I finally found Bullion Exchanges selling 40 coins. The percentage premium has skyrocketed up to 25%. This may have something to do with what is happening on the Robinhood platform.

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 @ 9:45 PM EST.

Spot Silver Price (ounce) – $27.00

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $33.82 – There are no 20 coin tubes available on Ebay at any reasonable price so I had to use a 40 coin sale

Current Premium: $6.82/25.26%

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

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