Physical Silver Premium Now Over 40%

Updated 10/29/21 @ 2:50 PM 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:

As the above chart illustrates, the Physical Silver Premium hit a recent low on 9/14/21 of 26%. Since then you can see that the premium has steadily and relentlessly crept up. It has now surpassed the 40% mark. Besides a very brief spike in late August, the last time it was this high was way back at the end of July 2021.

We will see if this trend has legs.

2 thoughts on “Physical Silver Premium Now Over 40%

  1. Thanks for your work. For those of us who are not as knowledgable as some, (well – me anyway) I’d appreciate your comments about what these movements mean and your analysis of trends.


    1. Thanks for your comment. I actually try to avoid posting any analysis/opinion on my site – just the data as I collect it. However, I do have thoughts about what my data & graphs mean. The physical gold premium is real and, although it has recently declined, it is still elevated from pre-corona days. The same is true of the physical silver premium. I would be shocked if we ever went back to a situation where silver premiums were in the single digits.

      In fact, when I look at my chart for silver, I am amazed at how cheap I used to be able to buy it at a mere $2.00 over spot. I even remember my rule back then not to pay more than $400.00 for a 20-coin tube on Ebay. Those days are long gone.

      Bottom Line: I am not sure that my charts say anything more than that there is a continuing tightness in the precious metals market. I also think that they are helpful in keeping tabs on this tightness on a daily basis. Unfortunately, I have found no way to use them to trade the metals in any consistent way.

      My opinion is that this tightness is a signal of the instability of the current monetary system. When I see the physical premium elevated for an extended period of time, this will be a sign for me that the breaking point is near.

      Did the system collapse? We clearly aren’t there yet.

      As a result, I believe that a core part of a portfolio should contain gold/silver to be held long-term because as the dollar’s value erodes, their prices will increase. I am also of the opinion that precious metals miners will benefit from this situation and so serious money can be made in them.

      Hope that helps somewhat.


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