by Steve St. Angelo
SRSRocco Report
Silver Eagle premiums have fallen from the highs over the past 4-6 weeks. However, 2020 Silver Eagle premiums from the leading online dealers are still averaging nearly $8 per coin. Thus, precious metals investors are still paying an average 45% premium over spot for the U.S. Mint 2020 Silver Eagles.
When the U.S. Federal and State Governments started shutting down the economy at the end of March, demand for silver bullion products surged to record highs not seen in more than five years. In just a few weeks, most of the online dealers saw their silver bullion inventories vanish. And then, with the shutdown of the U.S. Mint and the Royal Canadian Mint, availability of silver bullion products went from BAD to WORSE.