Silver premiums went to some of the highest levels in history towards the end of 2022. Although in the end of the year, and into 2023 they’ve dropped to the lowest levels since 2020 reports Andy Schectman of Miles Franklin.
While the premiums on the American silver eagles still remain elevated, the premiums on almost all of the other silver products have continued to stay low, even as sales volume has picked up over the past week.
Andy reports that the lowest of the premiums remains on the 10 and 100-ounce bars, and that’s what many of his customers who are just looking for the best deal have been gravitating towards.
He also talks about what’s entailed if people ever want to sell their metals back. Which is a question that doesn’t get talked about as much, but is good to be cognizant of. And to finish off the call, Andy talks about some of the larger macro flows in the gold and silver world on the COMEX and LBMA.
So to stay up to date with the physical silver market, click to watch this video now!