Silver Premiums are CRASHING - Why That's GREAT NEWS!

[@SilverSeeker]

NOTE: When I show the data from the two local shops I marked it as Per OZT, but I was listing the Per $ price... the numbers themselves are accurate, just the "pet ozt" was the typo. My apologies.

[@briannorris6377]

@@SilverSeeker was just letting your viewers know that there are shops that sell at very good prices. What you post is spot on for an average.

[@SilverSeeker]

@@briannorris6377 Definitely... some shops way cheaper than others and you should always look around.

[@robertm2663]

Retail demand for silver bullion has plummeted.

[@briannorris6377]

A shop in Spring Hill, Florida has junk 90 at spot.

[@rtygrest]

Good people at that shop!

[@JOHNSMITH-if9jr]

is that the coin guy? hi from Australia.

[@briannorris6377]

​@JOHNSMITH-if9jr Hello, no Sir the other shop, always the best prices.

[@dronetestdaegan]

constitutional silver. NOT junk.

[@justsomeone6835]

So manny people Dumping silver and not much demand for it right now wholesalers and dealers overloaded

[@albing1397]

Checked my LCS today (In WI), just culls, no selection to browse.

[@singleandlooking8026]

​@@albing1397Because he has it in the back room, once silver goes up they will bring it out. Quite a few coin shops do that, especially in Chicago.

[@Walter-wo5sz]

The best thing about constitutional silver is no sales tax.

[@PHUCKyoutube689]

Not where I live unless traded on face value or you buy over $2000 at a time. If your paying over the face value of the coin you're supposed to be paying sales tax depending on the state. Some states aren't as greedy as others.

[@brogenkastl1809]

Here in Minnesota you’re charged tax to buy constitutional silver “sales tax” but if you buy generic silver [silver rounds or bars], it’s not taxed

[@Walter-wo5sz]

@@brogenkastl1809 wow, crazy.

[@Eric_A...]

love these reports from our man on the street; silver seeker!

[@noicue8078]

Thank you for the information.🙏👍

[@lrw51]

where?

[@daviniarobbins9298]

I been buying loads of British pre-1947 50% silver lately. Managed to get it for under spot off eBay including 1 rare 1838 fourpence containing about 1.9g of silver that is worth at least £18. 90% US silver is harder to come by here in the UK unless I pay the high shipping costs from the US. I probably got close to a kilo of silver in old coins.

[@cowhand6112]

Buy now or wait and buy cheaper later? I need a better crystal ball.

[@BigJ-y4i]

90% silver commemorative and modern proof coins are unpopular because they are harder to deal with and more time consuming to test or verify. Pre-65 you only have to check the date and that it is a real coin. I've hear of reports of counterfeit dimes and quarters, but I haven't seen them in person, so this may become more of a problem and 90% less popular in the future. Clad and silver proofs will have the same dates and mint marks. There is also the problem of some less reputable companies will sell silver plated clad coins.

[@SilverSeeker]

Great comment and good point, thank you.

[@Delasernafamily]

I just don't get it. I live in the d. F. W metroplex. Most of the l c s around Don't even have dimes and quarters. Few few half dollars. And few rounds and bars. Maybe. Because texas doesn't tax . And the prices are lower than most. Even though they're selling everything.

[@bigdaddyhoffman-vu6wh]

Not a good time for people to sell their gold and silver but that's what they're doing. I'm seeing mostly all sellers and very few buyers and it's likely to get much worse before it gets better. People are broke because of this wonderful economy. Just looked at my wholesale sheet, most all the silver buyback premiums have dropped to 90% of spot and they're selling many items at spot, some even less. Buckle up folks, it's going to be a bumpy ride. Life is good......God Bless

[@venusrise]

I was all worried about 50cent differences in premium in 2017 when spot was $15 dollars. Don’t be penny wise and pound foolish if it will delay your savings

[@Anthony-kn8cn]

It's hard to buy 3 ounces of silver for under $100 bucks no matter what the spot price is or premium is in my area.

[@kevinhickey4442]

Great video! Thank you Seeker. I went to the ol' LCS today to get some xmas gifts.

[@907Opa]

Good content, thank you. Buy buy buy!

[@hagbard72]

Not here in Canada.

[@23Keith23]

I've been wanting to sell a 10 oz silver bar and use the money for my ASE book I got but I just would like to wait for spot to get to a certain number before doing so

[@therealjasonbilyeu]

My local shop is at $5 over spot for a buffaloes and $10 over spot for silver Eagles.

[@alejotrd77]

Thats your signal to buy online

[@rtygrest]

Too high on each

[@therealjasonbilyeu]

@@rtygrest of course it is! I walked out and won’t return.

[@ericreen6168]

The reason you can buy proofs in the at the same prices because the wholesalers really don't want them the pre-64 is classified on its own therefore the wholesalers do not want to pick through and pull out the modern stuff they need to for whatever reason have it pre 64 are my LCS said that the wholesaler claimed it cost them more time and money to sort and melt why I have no idea . I actually just bought some from my LCS looking to sell them on eBay hoping to make a couple extra bucks on it so I can in turn buy some more constitutional

[@billspaid9]

Does everyone remember the Silver Squeeze. I did my part back then, and bought Silvertowne 10 oz. Silver bars for $320 ea. I bought in bulk as a investment. Just thought I'd share. No regrets , ok maybe just a few......K's.....

[@mikenelson7894]

Ouch 😮

[@darylhabrle8552]

Deals are for first time customers and maximum I deal per house hold. Another commercial. Prices have gone up. Just ate the premium

[@ravenfox7752]

What site had them rounds?

[@michaelwallace1345]

Sharing my local coin shop. It’s the only place I buy from. Another great video!

[@Hengsha]

The modern commemorate stuff sells for less because refiners don't want it grouped in with the pre 64 silver, Vermillion Enterprises actually talked about this in his video today serendipitous!

[@natelee6985]

I’m hoping it hits 29 or lower and then I’m buying more. I’m only stacking to help save money if you can’t buy for 32 an ounce after tax and premium in a few years you will be well off

[@Stax-ht9md]

High premiums are why I backed away from silver. The good news is that I backed into buying gold and it has shown steady growth since I've been buying. Great video!!

[@M.RInvestorChannel]

Awesome

[@go4it764]

Me too! I’m at 97/3 gold to silver now. Silver just spins it’s wheels

[@PHUCKyoutube689]

@@go4it764 Silver is a vehicle to gold ownership. Ratios matter. Right now silver is the better buy. I think both are coming back down and will sit for a few years with gold between 2100 and 2500 and silver $20-$28.

[@grasscutter1963]

What are your thoughts on buying silver bars 1 ounce 5 ounce and even 10 ounce is it easy to resell those at a local dealer if it comes to that is a bad choice or a good choice pros and cons please thank you

[@asabovesobelow7200]

Stick with cheap one ounce rounds , low premium 😊

[@Broke_Stacker]

@Silver Seeker, do I have to pay shipping if I sell to an online company?

[@rtygrest]

most likely yes

[@nomadkeller8612]

Is the 90% for 21.91 face with free shipping if buying $100 face??? or does the shipping then push it closer to 23 x face?

[@CoralTheWitch2023]

Thank you for the info!

[@ACMaddocks]

What's the best bang for the buck - buying from local dealer or online?

[@petpaupetpau]

This is the reason why I only buy Libertads. Case Moneda de Mexico figured that out in 1982. Limited mintage is the best way to stack and if silver gets cheaper id rather buy paper $SLV. Glad I dumped those heavy paper weights 13yrs ago and kept all the Tatas. 🤣 Don't get me wrong I like silver and I consider it an important part of my portfolio.

[@M.RInvestorChannel]

Interesting 🤔

[@cuppacheese]

Why do you think retail demand is so low? What would improve it?

[@rtygrest]

many waiting for inauguration, and also many have sold products to meet bills and supply on the market has increased.

[@cuppacheese]

@ so you think metals will spike after inauguration?

[@venusrise]

Recession starts after inauguration and Trump euphoria wears off

[@cuppacheese]

@@venusrise don’t metals normally fall during recessions? People have less money to put aside in metals, industrial demand weakens, etc.?

[@venusrise]

@@cuppacheese yup

[@roylewis1022]

My problem is my local doesn't carry a lot of new and what I buy is stuff he purchased from customers.

[@StephenKozlowski]

Thanks for sharing

[@Musicman-y7v]

Gee, i never lost money buying or selling silver. And once it gets below 30 , I'll be buying again. Because I don't have any plans on selling it in the near future and its better than hanging on to cash that drops in value or you might have a tendency to grab a little here and there and before you know it its all gone.

[@LarsLarsen77]

Silver drops in value too. The all time high in real dollar terms was in 1981. It's been going down since then when you account for inflation.

[@paulmetz4546]

In the netherlands the cheapest silver is the kangaroo, or the britannia 33,28 a troyonce.

[@robk1310]

Not the Philharmonic?

[@robertclark9]

I use a local dealer that keeps his premiums pretty much the same whatever the spot price. He’s only about 5 percent more than on line dealers to begin with. I’ll gladly pay that. Because I get service, I get what I pay for, and I walk out the door with it. Besides, the place is like a barber shop. Meaning you can get all the 411 if you hang out a little while. 😂

[@lrw51]

where?

[@nickshomeandlawncare6116]

Only coin shops can buy from wholesalers, right? Whats the name of a well known wholesaler? Thanks!

[@davidfaria6194]

Yeah, and California has sales tax

[@mikenelson7894]

What if your 90% halves are uncirculated? I bet there not at spot.

[@rtygrest]

maybe slightly over, but not a lot

[@gruenpunkt]

64 probably spot. Franklin's and Walker's slightly more

[@sswwiinnccee]

You don’t see these sort of low premiums when buying from the mints.

[@MrDGoldchains]

I am confused - you are showing Constitutional Silver being offered at $23 an ounce that is way below spot and you are saying it’s $2.50 over spot please clarify

[@jbarkley5154]

$23 face value

[@mikec8320]

It takes $1.40 face value of constitution silver to equal 1 oz of pure or spot price.

[@daviniarobbins9298]

Scrap value vs. spot?

[@robk1310]

23 dollars times the face value of the constitutional. Not $24 an ounce. Four 90% silver quarters ($1 face value) would cost you $23.

[@PHUCKyoutube689]

It's basically $23 for .715 OZT.

[@go4it764]

The dealers near me aren’t paying above spot Often 99% of spot. Just spot for ML and ASE. “It’s a seller’s market “ is what they say

[@mikenelson7894]

I’d be buying eagles at 1.99 over spot once once the price goes below 26.50

[@kourtneytannis4319]

I bout silver at 27 dollar in 2012 15 years ago still holding it 😢

[@dronetestdaegan]

@@kourtneytannis4319 2012 was not 15 years ago.

[@rustyshackleford4761]

What website is he on that gives cost per ox like that?

[@williamthompson252]

Alas, in my region of the land, premiums have barely dropped at all. Still too high.

[@seeky907]

Pretty incredible. I was looking to buy some 10 oz bars from Costco last October when there was a dip down to $30.40 or so. The premium was $4.10/oz, so the bars were $345 each, so I passed. I just checked Costco's website and they've got 100 oz PAMP bars for $.02 over spot.

[@dannyminer33]

Great information!

[@havocmaverick]

Awesome I just sold my silver for a nice profit.

[@menasouliman6252]

What’s the website for spot junk silver please please

[@SilverSeeker]

As I said in the video this is a wholesaler my friend

[@GhostDiZ]

Constitutional junk 90 all day everyday

[@4th20thMech]

Good!

[@Hawkeye2001]

Silver's On Sale / time to add to the stack

[@M.RInvestorChannel]

💯

[@thereignofthezero225]

After 4 years of buying silver, I'd say it was a mistake. Maybe that will change someday though. Gold is a different story

[@robertclark9]

If you bought 4 years ago, it was probably under $20oz spot price then. I bought silver in march 2023 for $20.50oz. How can you say that’s a mistake?

[@thereignofthezero225]

@@robertclark9 i was just speaking for myself and what I paid on average

[@thereignofthezero225]

@@robertclark9 ... Versus the current price and market

[@frum58]

Nice!

[@michaelminauro4180]

Good stuff

[@daniels1485]

Does anyone know who the wholesaler is that he's showing?

[@dronetestdaegan]

Those who know certainly won''t say. Not a smart business move.

[@johngalt5166]

I wish I was more liquid right now, I would be buying tons of silver.

[@troygriffin748]

I can find better deals than that all day long. Even two local shops have better prices than that.

[@rtygrest]

shop local

[@WalterZarzycki]

I stack 90% dimes why don't you give prices for individual coins not by the oz.

[@rtygrest]

most don't sell single dimes, but in stacks of 50 or 100 dimes.

[@brucejedwabny3473]

$1.40 face of 90% =1 Oz silver.

[@PHUCKyoutube689]

You use the OZT price to compare against other bullion and coins which are usually OZT. He gives the dollar face valuewhich is how it's sold so just divide that by 10 to figure out the individual price. $23 is $2.30 a dime, $5.75 per quarter and $11.50 per half or $23.00 per .715 OZT.

[@christianwitness]

Seriously, DEI engravers may not be competent. Just saying, who hired thhem?

[@grants169]

Is everyone broke, can't afford silver right now?

[@MalaysianGoldSilverStacker]

Naw, they are all waiting for Trump to be sworn in. Everyone's betting gold and silver will pull back after Jan 20th

[@danolson2323]

Times are tough, and Trump won, both factors have gutted the retail demand.

[@davidmccarthy5568]

It's Christmas.

[@jaimhaas5170]

Snapping up silver under 28....anyone else? SLV ETF

[@joshuaduitsman9553]

Generic 🙏🙏❤️❤️

[@ItsEverythingElse]

Silver is going under $30 for awhile once Trump gets in. I would not be buying right now.

[@theonewhoisthere4559]

@@ItsEverythingElse I cant wait

[@SmartChannel01]

I see the opposite

[@miaque6460]

@@ItsEverythingElse Haha, that’s exactly the time to buy

[@daviddavey1727]

Amen, on the sideline for a while

[@daviddavey1727]

$4.49 for ASEs over spot, cheap???

[@jdoggwhitetrash]

Now we wait and see if spot price drops

[@jaimhaas5170]

Down about a buck in just a week.

[@LocalCoinReview]

Hypothetically, if silver hit $50 an ounce, how long would it stay there ,2 days? and then drop to $10 an ounce? Silver makes me nervous. I feel it's artificial market. I appreciate silver coinage and numismatics but stacking big silver is roulette. In my opinion. Of course. I am a nobody.

[@PHUCKyoutube689]

It won't drop to $10 an ounce unless gold drops to $1000. They will not produce silver once it drops below a certain price. It is not worth the cost to process the silver below a certain point, last I heard it was around $15 but energy and refining material costs at the time play a roll. It is an industrial metal and the cut in production would cause the price to shoot back up to being profitable to process. I would bet it is coming back down but I don't see it dropping below $20 except maybe a brief dip here and there.

[@danhoran9881]

Great video. Thx.

[@shawnangie1]

Go gold or go nowhere.

[@christianwitness]

In my opinion the modern designs do not require the skill of the classic ones... The artists are not so much 😂😂😂

[@hetasaputra4598]

When economy declines, silver declines....its an industrial metal unlike gold

[@TheMostSlyFox]

Now the price needs to as well

[@kourtneytannis4319]

Bitcoin is 108000 silver will soon be free for us 😂

[@NickelNationCoinsMore]

👍

[@albing1397]

Back up the truck now. In 2-6 months when the Reverse Repo fund is drained and the Fed starts printing (QE) again, silver premiums will skyrocket as the dollar collapses. See Rafi Farber, End Game Investor.

[@TheDeltalima21]

Silver is going to be controlled no matter what. So sick of this stupid investment. Clown world needs clown investments.

[@LarsLarsen77]

Have you heard of fartcoin?

[@KG-xt4oq]

@@LarsLarsen77 No, but I did smell it...

[@robertdalin]

First!!

[@Stax-ht9md]

Congrats!!!

[@ItsEverythingElse]

You get excited when silver goes down. You get excited when silver goes up. Make up your mind :)

[@SilverSeeker]

Actually I don't get super excited when it goes up, I get way more excited when it goes down.

[@ItsEverythingElse]

@@SilverSeeker Same here. We'll preserve more of our wealth in the long term by having larger stacks, not smaller ones.

[@SilverSeeker]

@@ItsEverythingElse 100%

[@brucejeric6701]

I see your charts. Price is $21.91??? Spot prices I’d much higher. Guess I don’t understand you video? These dealers aren’t selling for 20cents over spot. They are selling for $9-10 under spot in my world 12/16/24

[@SilverSeeker]

That's pre $ face value... there isn't a full ounce of Silver in $1 of face value, there's only 0.715 ozt

[@rainymctrixie1]

​@@SilverSeekerBut you have ozt posted.

[@asabovesobelow7200]

Amateurs 😂

[@rtygrest]

@@rainymctrixie1 typo

[@SilverSeeker]

@@rainymctrixie1 on the two local shops, you're right... that was a typo. My apologies

[@MegaHitman666]

Your si.ver 90% in US sucks .

[@michaelfranks341]

Okay. I guess your country is sooo much better....

[@WilliamBrwn]

@@michaelfranks341 His country is exceptional too! More than yours! lol

[@michaelfranks341]

@WilliamBrwn i guess you're still in kindergarten mentally in life... Got it

[@wtpwtp]

Why?

[@Nikolak44_AJ_Epic]

Bitcoin is the new gold

[@SilverSeeker]

Lol

[@Teno-z5m]

I like to buy when is high. And sale when is low 😂😂😂😂

[@mikehygj9221]

Silver and gold going down under Trump presidency. Stronger dollar = lower prices. Many ppl are selling PM’s and dumping in the markets and crypto . I wouldn’t be shocked if silver went back down to mid twenties for bit , but long term gold and silver will be huge winners

[@M.RInvestorChannel]

👍