Physical Silver Goes “No Offer” Yet Again …

Updated 2/1/21 @ 11:50 AM EST

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:

NOTE: As of 11:50 AM EST on 2/1/21 there are no dealers on Ebay selling 20-coin tubes in quantities over 10. It appears, once again, that physical silver has gone “no offer.”

As was the case yesterday, there are many individuals selling 20-coin tubes, but dealer offers in any kind of quantity have all but vanished. I am still using the APMEX physical price to calculate percentage premium even though the company indicates limited supply.

LAST GRAPH UPDATE: 2/1/21 @ 11:50 AM EST.

Spot Silver Price (ounce) – $28.98

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $45.99.

Current Premium: $17.01/58.69%

APMEX is the lowest price dealer selling in limited quantities only.

Recent Updates

UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. Percentage premium is 58.90%.

UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. But by 9:40 PM EST the premium had jumped back above 60%.

UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay – the physical silver market has gone, essentially, “no offer.” I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%.

UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. The next best deal is a 40-coin lot from Bullion Exchanges. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. This is why the premium on physical silver declined from its 66.22% high earlier in the day.

UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. Current percentage premium is 44.63%. By 1:30 the premium had moved over 60%.

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