Silver Premiums Start to Ease

Silver, as well as gold, has taken a bit of a dip recently, after touching the highest levels seen in over a year at the beginning of May. Gold and silver slipped early Monday as the dollar strengthened while investors await the Fed meeting coming up this Wednesday.

The Fed is anticipated to take a pause in its series of interest rate increases at the June meeting, which would be considered bullish or neutral for precious metals. 

Right now, there's a major opportunity in silver. Silver demand has been consistently high, and premiums have been high for quite some time as a result. Recently though, we've observed the premiums on silver bullion start to come back down a bit. Between the dip as investors await the Fed meeting and the lowering of silver premiums on many bullion products, there's an opportunity for silver afoot.

The Silver Institute reported in April that, "Physical silver investment rose for the fifth consecutive year to a high of 332.9 million ounces..."

Silver's recent demand and popularity can also be attributed to the lower entry point for investors who want to invest in precious metals, but are finding rising gold spot prices somewhat inaccessible. Silver spot prices tend to lag behind gold, but then catch up and surpass it explosively, leaving a little more opportunity for profit.

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 fluctuation 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.

It's not possible to say for certain what 2023 has in store, but we know the proven power of precious metals as a hedge against inflation and economic volatility is be more necessary now than ever. For that reason, we're offering 1 oz. sovereign silver coins. 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.

Give us a call at 1-800-831-0007 or email us to place your order today!

2023 1 oz. Silver Austrian Philharmonic Coins
Just $2.99 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 300 oz. or more. Offer expires Friday, June 16, 2023, or while supplies last.