Pre lockdown what were silver premiums like?

[Arongoldprog]

I'm new to the precious metals game having only started buying end of May.

I've read and watched videos were people mention the high premiums on silver due to covid lockdowns etc but if that's the case why aren't gold premiums as high? The cheapest I've seen silver for is 30%-40% over spot and this includes big units like 1kg....and this is on EU sites where there is no VAT.

This all leads me to wonder what was considered reasonable premium on non numi bullion or generic rounds silver before covid?

 

 

 

[ChrisF]

Cheapest silver I purchased from BS.BE was £12.80 in Nov 2018.  Its now £17.46.

 

[richatthecroft]

In the last 3 to 4 years: 

On release- Brits, Maples & ASE’s £14 to £16 per oz and premium coins such as QB’s, Libertads & Elephants £16 to £18.  

Secondary market up to £21 for specific dates a year or two after release- some ‘key’ or desirable coins- for example 2007 Britannia up to £30 each. 

Recent premiums paid due to FOMO? and speculation? that Silver is ‘going to the moon’.  
I do hope so for all here who have been drawn into this extraordinary market and those who hold. 

Personally speaking and off topic from the question asked:  I’m continuing to buy/hold Gold and buying only Silver I like, but not in any kind of quantity. 

Do your own research and invest accordingly. 
 

[Martlet]

Premiums were as low as 20% for popular silver in February. 

[silverdocket]

I think true market value has started to show itself....

[firestacker]

This is going to be subjective as the spot prices moves but in my opinion spot ranged around £12.50 a lot and your standard one ounce Britannia would cost £16.50 on here. That's a 24% premium.

Premiums on this stuff have definitely widened since covid. Lots of people asking £24 Oz on things which are not that special.

[silverdocket]

38 minutes ago, firestacker said:

Lots of people asking £24 Oz on things which are not that special

If you don't mind me asking what would you normally get for £24 that is special? 

[firestacker]

1 minute ago, silverdocket said:

If you don't mind me asking what would you normally get for £24 that is special? 

Before covid the only thing I paid £24oz was for a pamp 1oz bar. I think I paid too much for it at the time. I wouldn't call it special either.

All my other premium stuff maxed at £23oz but mostly were £21oz. Premium stuff are things like Geiger, Scottsdale, Mk Barz etc.

[Robda1986]

I was picking up silver 1kg bars in December and January for between 5 and 5 1/2 paid 650 for tombstone 1kg their now selling for around the 6-700 mark and I've seen some sell as high as 720 per kg 

[Moi]

Think it's supply and demand too, hopefully once the supply side is undamned prices can ease. But there are all kinds of reasons it will keep higher.