90% junk premiums are crazy high

[68Camaro]

Again, it won't matter what spot is, if the premium is $5 and spot is $19, the price will be almost twice what it was in early 2020. Not a super bargain. But if you're going to buy, yes, you should at least do it when it is down. I'm hoping the dip continues for a couple more weeks as the summer FUN show is second week of July and it would be nice to find a deal or.two there.

[Cu Penny Hoarder]

Again, it won't matter what spot is, if the premium is $5 and spot is $19, the price will be almost twice what it was in early 2020. Not a super bargain. But if you're going to buy, yes, you should at least do it when it is down. I'm hoping the dip continues for a couple more weeks as the summer FUN show is second week of July and it would be nice to find a deal or.two there.

Early 2020 may have been the Ag buying opportunity of a lifetime. It was a rare event, but I think there is a good chance of it happening again.

I've said this a few times before and it hasn't happened yet, but I still believe the stock market will have another huge smashdown like it did in Feb/March of 2020 (for whatever reason) and ppl will be able to get some great deals, but you have to be QUICK and buy before dealers have a chance to raise premiums. Best timing for this would be Sunday night when the futures market opens at 6pm EST.

Recently the premiums have been dropping with the spot price declining, which is unusual, but premiums were already too high due to FOMO caused by the regional banking failures. Once the FOMO buying dried up dealers were forced to lower the premiums.

[Cu Penny Hoarder]

All the way back down to $2.99 over spot.

SD bullion...
https://sdbullion.com/90-percent-silver-100-dollar-face-value-bag

What about the buyers that FOMO'd during the regional bank failures and paid $17 over spot?

[Robarons]

Premiums from the local show:

90% was 18x for dimes and Quarters.

.999 Silver could be bought in any quantity for $2 over. 10 oz bars and Kilos. $2.50 for generic rounds

[Lemon Thrower]

Silver with a nice rebound today.

[Cu Penny Hoarder]

Silver with a nice rebound today.

Probably due to the BRICS thing.

Still in a huge trading range.

Wake me up when it breaks out above $30. It should get back to $50 relatively quickly after that happens.

[Lemon Thrower]

Silver with a nice rebound today.

Probably due to the BRICS thing.

No, interest rates spiked earlier in the week, perhaps due to BRICS but more likely the Fed. Then they spiked back down, causing PMs to rally.

[Cu Penny Hoarder]

90% bags now all the way back down to $2.99 over spot on Apmex.

Imagine how the FOMO dummies feel now who paid $15-17 over spot back in April

https://www.apmex.com/product/27/90-silver-coins-100-face-value-bag

[Cu Penny Hoarder]

Just a few hours ago... Apmex 90% $100 FV bags now$1.49 over spot!
https://www.apmex.com/product/27/90-silver-coins-100-face-value-bag

It's now a good time to buy 90%, especially if you've been fence sitting.

Apmex (and all other dealers) are up to their gills in inventory these days. Same for my neighborhood LCSs. People need cash and are liquidating things they own to pay their bills.

I'm still amazed how high the premiums were back in April and May of this year... and ppl were actually FOMO buying it at those inflated prices - ouch. A HUGE drop since then.

[pmbug]

It would be very cool if someone were charting this over time.