Why Does the Physical Silver Eagle Premium Continue to Remain Elevated?

If you think I have an answer to the question posed in the title of this post, I am going to disappoint you. All I do here at my website is closely monitor the situation in the physical precious metals markets. But when I see a situation like the present premium in physical silver, I feel inclined to upload a blog post so that readers know that something unusual is going on.

The fact that the physical silver eagle premium has not been this high since the summer of 2021 makes me think that something may be going on in the silver market.

Could it have something to do with the Ukraine/Russian war?

It’s possible, but it could also have something to do with a strain in physical inventories. After all, did you see the situation in the nickel market when it spiked and the metal stopped trading?

Whatever the case may be, I will keep updating my charts so that readers can get a handle on what is going on.

CURRENT UPDATE: 3/22/22 @ 2:30 PM EST.

Spot Silver Price (ounce) – $24.86

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $37.91. Pre-sales for future delivery are not counted.

Current Premium: $13.05/52.51%

Bullion Exchanges is the lowest price dealer selling in quantities of over 10, 20-coin tubes.

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