Silver spot vs premium tracking thread

The roll of milky maples I got a hot minute ago looks like a good sell at +1.75.

Are the math formulas getting harder or just more creative?

@derryb said:

@blitzdude said:

Looks like those who recommended ASEs over other bullion choices in the past when premiums were close were correct in their call.

hang on , we still don't know who or what idiots are actually paying those premiums. Asking and getting are not the same thing

I was in a brick & morter the other day... and they were selling silver eagles at an 11.00 premium

'red screen of death' coming soon to a thread near you?

@blitzdude said:

@derryb said:

@coinkat said:
I was in a brick & morter the other day... and they were selling silver eagles at an 11.00 premium

and they were likely getting it.

They won't be getting it much longer. Type-2 will flood the market very soon. #shortage2021#over

I doubt this...

So much for tracking silver premiums over time. lol

@Azurescens said:

The mint themselves just released numbers that they've sold 0 ASE last month and are now struggling very badly due to "a worldwide silver shortage". They've shut down three times in the last year.

How many of those time were due to a silver shortage and how many of those time were due to the pandemic (worker shortage)?

There is no silver shortage. There is a shortage in cheap, available physical silver because of a rise in physical demand.

There is actually no less silver in existence this year than last year, the change is not in supply, it is in demand.

@cohodk said:
No reason to update if there are no changes. But alas, we finally have some changes.

Only change in silver prices at APMEX is a reduction on premiums for the Type 1 ASEs. Likely an effort to clear them out before the Type 2 arrives. Price of type 2 will indicate if premiums have actually dropped.

@cohodk said:
10 pz bars are much more representative of physical silver price anyway. Any changes?

You tell us. You're the one who started a tracking thread and failed to keep it updated.

yet you asked if there were any changes to data your are supposedly tracking. LOL.

@dcarr said:

@TwoSides2aCoin said:
Been getting more flatware in sterling , lately. The premiums are lower . Because , well.... spooning leads to forking.

How long before there is a knifing ?

As soon as they start forking somewhere else.

@cohodk said:
Idiot alert. No changes. LOL

big idiot alert. Spot increased by $1. Guess that means there is after all a change in premiums.

The COMEX "shorts" are trying hard to keep silver below $28 and gold below $1900. The more shorts they buy to accomplish this the more losses they will suffer. Premiums are telling us they will fail.

@MsMorrisine said:
shorts involve selling

so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.

@OPA said:

@derryb said:

@MsMorrisine said:
shorts involve selling

so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.

Of course, the reverse is true. It's called gambling

Apparently MsM did not understand this. But thanks for helping him to understand.

@MsMorrisine said:
Shorting involves selling high first and hopefully buying low second

shorting involves borrowing the asset at a fixed price (a debit) first.

@derryb said:
interesting, I would have guessed lower premiums on the big bars.

Premiums should be lower due to lower processing cost. I would think making 100 coins would be a lot more expensive than making one 100 oz bar.

Premiums have dropped on 2021 Eagles. There are enough type 1s. The wait times are down to a couple weeks. The type 2 SAE are the same old story. Demand exceeds supply so the premiums are a couple bucks higher. ($10-$$11 over spot) , whereas the type 1 is only $9-$10 over from my sources. And was told I'm looking at August 10 for delivery ( thereabouts). Others may have better and more accurate info.

Mine is from A-Mark and Dorado Trading desks.
Still about $4 over on other bullion products, which is double what I charged pre-pandemic in the retail store.

Yeah, in the old days I could buy Buffalo rounds by the thousands for $.65 over.