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Silver has recovered to preStayatHomeOrder levels. Will the premiums return to normal?
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<p>[QUOTE="myownprivy, post: 4515551, member: 84588"]At the beginning of March, Silver was about $17.50 per ounce. In March states began issuing Covid19 guidelines. </p><p>In March/April/Beginning of May, silver traded at very low levels and shortages resulted in massive premiums and high order minimums from major online bullion dealers. It hit its low of $11.64 during this time.</p><p><br /></p><p>Silver is now back to trading at its preCovid levels. The question is: how long until the premiums return to normal levels of a few percent over spot?</p><p><br /></p><p>Looking at the JMBullion homepage I see 2020 Britannias are $4.19 over spot (that's a disgusting 23% premium). </p><p>A random year American Silver Ealge is $26.81 (spot is $17.61). That's more than 33% over spot. My head is going to explode.</p><p><br /></p><p>It looks like the big dealers still think you're a bunch of idiots.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4515551, member: 84588"]At the beginning of March, Silver was about $17.50 per ounce. In March states began issuing Covid19 guidelines. In March/April/Beginning of May, silver traded at very low levels and shortages resulted in massive premiums and high order minimums from major online bullion dealers. It hit its low of $11.64 during this time. Silver is now back to trading at its preCovid levels. The question is: how long until the premiums return to normal levels of a few percent over spot? Looking at the JMBullion homepage I see 2020 Britannias are $4.19 over spot (that's a disgusting 23% premium). A random year American Silver Ealge is $26.81 (spot is $17.61). That's more than 33% over spot. My head is going to explode. It looks like the big dealers still think you're a bunch of idiots.[/QUOTE]
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Silver has recovered to preStayatHomeOrder levels. Will the premiums return to normal?
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