Silver Market Update

Over the weekend of January 31st, the silver bullion market caught fire. In this Silver Market Update you’ll find the “reddit crowd”, the same folks that fueled the Gamestop stock frenzy shifted their attention to the silver bullion market. They went after the ETF for silver (SLV), and silver mining stocks.  As a result, the price of silver jumped 8% on Monday and many silver stocks surged as much as 40% in a day. Then, as quickly as it started, the price of silver subsided Monday evening into Tuesday. This was a direct result of the futures market raising margin requirements on silver contracts

Over the course of the week, the Silver price has since come down to levels before it started–as if nothing had happened.  SLV and silver stocks came back to their pre-frenzy levels, and it seemed like a flash in the pan.

The Roller Coaster Price of SLV

The price action in SLV and silver stocks was very short-lived. The effect on the physical silver coin and bullion market was definitive and absolute.  Over the same weekend Austin Rare Coins, along with every other bullion dealer in the country, witnessed a frenzy in online orders. The Silver Market Update has never seen a rush to silver like we recently witnessed. New and existing customers were scrambling to place orders for physical silver coins.  In fact, we had over 25X the normal number or orders over the weekend we normally see. 

As a result of 25X normal orders, on top of an already hot silver bullion market, all silver inventories across the country were vaporized. Silver premiums were forced higher, because everybody wanted it and nobody had it.

It is nearly impossible at this moment to get any silver for immediate delivery and for any less than $4 over the “paper silver” price.  Top-tier silver Eagles are selling for $8 to $10 over spot on a retail level and even 100 Oz. Bars cost nearly $4 over spot.

History repeating itself

Is history repeating itself? Well, the same thing happened back in 2008 and again in 2011! Physical buying went through the roof and premiums for real silver were far higher than the “paper price” illusion.  It happened because we are witnessing extraordinary times.

In this Silver Market Update one thing is for sure—it doesn’t take much interest from the retail public to dry up silver inventories! All around the world and we are left with the question, “What is silver REALLY worth?”

If you need some assistance buying silver today, call us at 1-800-928-6468. We are fortunate to have access to products that many dealers can’t find and we are constantly buying silver from our tens of thousands of clients. Many of them who have owned it since it was $5 an ounce.  Call us for up to the minute pricing and availability.

Here are our Best Silver Buys at the moment...

Important Metals Market Update

January 18th, 2021

We are posting this Important Metals Market Update to keep you in the loop. Gold and silver bullion we handle are taking longer and longer to acquire. In addition, there is not enough supply to meet demand. In other words, we need to tell you the truth. Something strange is happening within the gold and silver markets.

In recent weeks American Eagles and Canadian Maple Leafs have become quite scarce. Gold and silver bullion delays are building across the industry. Once readily popular bullion items are now taking 2-4 weeks, and sometimes more.

Bullion is normally available this time of year. World mints are issuing their new products en masse. However, we’re told that first allotments from the mint have already sold out! All because of an abundance of buying. Most importantly, this is even before they’re delivered to mint distributors.

This Precious Metals Report will hopefully make you more aware that something is very wrong with the physical metal’s market. Perhaps it is time to load up on all the precious metals you can find.

Shortages of gold & silver – Reasons

Safe-haven buying after the US elections could be one cause. Another cause could be the lack of individual selling. Above all, is the increase in overall demand. The fact remains, precious metals supply has dwindled.

Customer’s favorite coins are being delayed. Shortages could signal higher prices to come. We therefore advise everyone to place orders now. Do it while premiums are relatively reasonable. Silver and Gold American Eagles premiums have already gone up. You can expect them to go up on even more coins. In other words, regardless of the spot price.

We hope you’ve learned something from this Important Metals Market Update. Because, it is your money and your investments that are at stake. If you have any question about shortages of gold & silver please contact us. We are more than happy to help assist you in finding the coins you want!