As Silver Spot Volatility Increases, So Could Premium Volatility
Unfortunately, silver and gold prices also have noticeable movements. Similarly, we noticed considerable movement last weekend; gold trickled up from the previous prices. Gold is around 1730 dollars, silver is under 19 and 80 cents. It is the rapid movement in gold and silver prices, but there are some wacky movements in premiums. But currently, there is a premium change in silver prices. According to trends, silver prices change regularly, and you may also notice more ups or downs till the end of the day or tomorrow morning.
However, the current prices for premiums in the market have little change compared to silver. Here we will share the current updates about the market value of premiums.
So let’s dive into it.
The price of one ounce of a gold eagle doesn’t have more changes. We are buying the one-ounce gold eagles at a spot price with an addition of 4 percent premiums and selling it at the spot price plus 6.5 percent premiums. Besides the gold eagle prices, silver is a natural movement compared to gold.
However, moving towards the gold buffalo priced less than gold eagles. We are buying gold buffalo coins at the spot price plus 3. 5 percent and selling them at the spot price with an additional 5.75 percent of premiums. It is a significant change that we noticed as compared to all other gold premiums last weekend. If you are interested in buying and selling gold eagles or gold buffalo coins, then it must be the right time.
In addition, the kilo bars are a retail-friendly choice for vendors, distributors, buyers or sellers. The kilo bars with 50 ounces are available for sale. We are buying it at the spot price for an additional 1.20 dollars and selling it at the spot price for an additional 2.35 dollars. It is a minor change compared to all other gold premiums and silvers. We are already saying that last weekend we noticed a significant movement in silver premiums compared to gold.
However, one ounce of silver rounds is available for buying at a spot price of additional 1.50 dollars and selling at a spot price of 2.95 dollars. Besides all the silvers, the silver eagles notice the changes. Last weekend the silver eagles changed the market, and we are buying it at spot price with an addition of 9 dollars and selling it at spot price with 11 dollars premium. With all the prices of gold and silver, we notice the profound price change. But still, we are buying the silver eagles, and they are available for you to buy. The distributors are also cooperating to deliver and transport the silver eagles.
We hope this guide will help you know about the latest update in premiums.