Physical Silver Eagle Premium Now Over 80%.

Updated 5/17/22 @ 1:15 PM EST

UPDATE 5/17/22 @ 2:45 PM EST: Bullion Exchanges came back into the market in large quantity so the Physical Silver Premium has come way back down to 68.36%.

UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. Current premium stands at $17.93/82.54%. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin.

Physical Silver Eagle Premium Hits Record – 71.25%

UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track (I started this website in April 2020). This premium is even higher than the one that occurred during the “silver squeeze” of late January/early February of 2021. The high point of that squeeze was 66.48% on 1/31/21. Today the premium hit 71.25%.

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

Physical Gold Premium Jumps to 7.82%

Updated 5/3/22 @ 7:00 PM EST

UPDATE 5/5/22 @ 7:30 AM EST: Maybe a false alarm? This morning the percentage premium has declined back to “normal” levels. Liberty Coin came in with coins in quantities over 10 and the physical premium is at 6.91%.

UPDATE 5/5/22 @ 2:00 PM EST: The physical gold premium is back up to 7.84%.


It might not sound like much of premium when it comes to physical gold but I think it is noteworthy for five reasons:

  1. The physical premium has not been consistently in the 7% range since December of 2021.
  2. For most of 2022 the physical premium meandered between 6-7%.
  3. This high 7% physical premium which began on 5/3/22 continues into 5/4/22.
  4. The spread between the lowest and second lowest cost dealer on Ebay has exploded to almost 2%.
Updated 5/3/22 @ 7:00 PM EST

5. The physical gold/silver ratio has remained steady in the mid 50’s area while the spot gold/silver ratio has jumped above 80. You can really see the change when you look at the following chart. Note the upward slope of the Spot vs. Physical spread.

Updated 5/3/22 @ 7:00 PM EST

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.

Physical Silver Eagle Premium Continues to Spike – It’s Now at 57.83%.

Updated 3/21/22 @ 1:00 PM EST

UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% – it now stands at 57.83%. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%.

By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%.


CURRENT UPDATE: 3/21/22 @ 1:00 PM EST.

Spot Silver Price (ounce) – $25.12

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $39.65. Pre-sales for future delivery are not counted.

Current Premium: $14.53/57.83%

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

Physical Silver Premium Spikes Up to 47.51%.

Updated 3/12/22 @ 3:00 PM EST

UPDATE 3/12/22 @ 3:00 PM EST: The Physical Silver Premium spiked this past week almost as high as 50% – it now stands at 47.51%. It has not been this high since the Summer of 2021. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%.

Updated 3/12/22 @ 3:00 PM EST

CURRENT UPDATE: 3/12/22 @ 3:00 PM EST.

Spot Silver Price (ounce) – $25.85

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $38.13. Pre-sales for future delivery are not counted.

Current Premium: $12.28/47.51%

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

Physical Silver Premium Has Been Trending Upward Since Mid-September

Updated 11/22/21 @ 7:45 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: http://www.didthesystemcollapse.org.


The physical silver premium dipped to the 26% handle back on September 13, 2021. Since then it has been steadily trending up. This trend was confirmed by the 30 day moving average (in red) which began moving upward by mid-October. In addition, since October 25 the dollar premium has remained in the high $9.00 range. Back in September it was mired below $7.00 for an extended period of time.

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: http://www.didthesystemcollapse.org.


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.

Physical Gold Price Breakout Signal?

The horizontal axis is the date from 4/20 to today.

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: http://www.didthesystemcollapse.org.


The chart which appears above shows how the Ebay (physical) price of gold differs between the lowest vs. the second-lowest cost dealer.

The 90 Period Moving Average (in red) may seem random but I noticed that there were certain times when this differential spiked up.

1/12/21 is a good example.

Right before this date, the percentage differential spiked up above 1.8% and then the moving average trended upward.

By 1/12/21 the physical gold premium moved above 10% by evening.

Interesting …

The gap you see in the chart is the result of a short period of time when there was only one Ebay dealer offering coins in quantities of at least 10.

I don’t claim that this is a definitive signal of a physical gold price breakout but when I see this type of action I take take note.

As of 10/3/21 @ 7:10 PM EST the percentage differential is: 1.68%

Physical Silver Premium Up More Than 20% Off Recent Low

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: http://www.didthesystemcollapse.org.


UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. This low was set on 9/14/21 at 26.06%. The premium now stands at 32.19%.


CURRENT UPDATE: 9/29/21 @ 4:15 PM EST

Spot Silver Price (ounce) – $21.54

Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $28.47. Pre-sales for future delivery are not counted.

Current Premium: $6.93/32.19%

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