Circulated, pre-1965, common date U.S., 90% silver dimes, quarters and half-dollars are referred to...
Reports of slowing inflation kept a floor under gold and silver prices last week, and precious metals remain steady as the U.S. dollar weakens. Anticipation that the Federal Reserve will soon end its series of interest rate hikes seems to be the culprit for dollar weakness.
The good news is that premiums on silver have been dropping recently, making now an opportune time to add to your position. When sentiment is negative, this actually provides the best opportunity to get in while premiums and spot prices are lower. As gold and silver seem to have bounced off the bottom of their most recent dip, sentiment may change before summer's end and the time to act is now before gold prices rebound to the $2,000 level or above. And when gold goes up, silver will not be far behind.
Many analysts are predicting that silver will touch $30 an ounce before the year's end. It rose 3% in 2022 and in 2023, we're expecting more. This current dip should be treated as a temporary short-term downturn before silver spot prices continue to stairstep their way upwards, in lockstep with gold, as this precious metals bull market continues. Many analysts are speculating that this current bull market for precious metals will show gains that far eclipse the previous bull market highs of $50 an ounce for silver. In the last bull market, silver rose about 1,000% from it's lows.
September silver futures surged 8.2% last week to $25.19 an ounce on Comex after the most-active contract rallied 1% on Friday. Silver dropped in May and June, after gaining 4.4% in April. It retreated 4.2% in the first half of the year after rising last year.
It's not possible to say for certain what the reminder of 2023 has in store, but we know the proven power of precious metals as a hedge against inflation and economic volatility is more necessary now than ever. Premiums on silver bullion bars and coins have finally started to ease a bit, so now is an opportune time to add to your position in silver.
Today, we're able to offer three choices for silver bars at very favorable premiums!
Give us a call at 1-800-831-0007 or email us to place your order today!
10 oz. Silver Bars
Just $2.29 over spot
Kilo Silver Bars
Just $1.99 over spot
100 oz. Silver Bars
Just $1.79 over spot!
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 100 oz. silver. Free shipping, handling, and insurance are available for silver purchases of 500 oz. or more. All bar selections are dealer's choice and based on availability. Bars pictured above are examples and may not be the available for this offer. Offer expires Friday, July 21, 2023, or while supplies last.
