Guest Post: "Physical Silver Shortage Explodes", by The Doc at SilverDoctors

Wed, Jul 8, 2015 - 3:54pm

Lots of anecdotal evidence out there regarding physical silver shortages. Most noteworthy was yesterday's news that the U.S. Mint would not be accepting additional orders for Silver Eagles until August. The Doc just emailed this new link and summary and offered to have it posted here at TFMR, as well. Please read and consider.

Physical Silver Shortage EXPLODES! “We Are Looking at the Potential of 2008 Style PM Premiums”

by, The Doc at

Everything has changed in the past 48 hours…

Tuesday morning we warned that physical shortages and BIG jumps in physical silver premiums were imminent after 90% silver premiums had doubled in the past 48 hours.

Below is an update of the physical precious metals markets over the past 48 hours:

90% premiums skyrocketed over the weekend after the Greek Referendum vote with availability nearly nill- wholesalers/distributors are now offering 90% silver in volume at up to $3 over spot, and supplies are rapidly vanishing

Just before noon Tuesday, the US Mint advised Authorized Primary Dealers it had SOLD OUT of all Silver Eagle coins, and would be taking no further orders until approximately August, at which point it would begin rationing coins to Authorized Dealers.

Silver Eagle premiums instantly skyrocketed across the market, with premiums rising as high as $3.25 over spot/oz WHOLESALE / IN BULK

Between 4pm EST and 5pm EST on Tuesday 7/7, one of the largest Authorized Dealers sold through 250,000 Silver Eagles and raised premiums .50/oz further!

SDBullion broke all-time sales records Tuesday for order volume as well as total ounces sold- with demand FAR OUTPACING the Nov 5th 2014 bottom for gold and silver which had previously held both records.

Later in the afternoon, premiums began surging on Silver Maples and silver rounds and bars, and Authorized Dealers are advising that a production and premium hike announcement is expected imminently from the Royal Canadian Mint.

Wholesale premiums on many silver rounds and 10 and 100 oz bars HAVE DOUBLED in 48 hours.

SDBullion received a wholesale quote from one of the largest Authorized Dealers Wednesday for nearly $5/oz over spot for 5,000 oz of current year America The Beautiful Coins- a premium spike of over 100% in less than 24 hours!

Tuesday, the Sunshine Mint rounds and bars went from immediately available to production completely sold through August 13th in under 4 hours!

In many cases, physical silver is now MORE EXPENSIVE to acquire (on both a wholesale as well as retail level) after a $1/oz paper smash than it was prior to this week’s trip down the proverbial mine-shaft!

Wednesday the shortage began to spread to GOLD products.

Back dated gold Eagles and Maples are now NON EXISTENT on the US wholesale market.

Current year gold coins are now 2 weeks out at most of the Authorized Dealers. This type of gold shortage did not occur even when gold dipped to $1130 last November.

While spot/paper prices have stabilized today, if any further weakness materializes in the paper futures markets for gold and silver, we are looking at the very real potential of 2008 style physical premiums to acquire precious metals.

We will keep you updated as the precious metals shortage situation progresses.


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Jul 9, 2015 - 2:10pm

Thanks Mel....chatted with Border Gold coin

shop. Yeah just had a chat . Good guy. I am stuck on Vancouver island so to deal with Border gold i have to get on a ferry boat for 1.5 hours.....and $60 each way!

But, i can take my box of 25 "machine parts" to Fedexand they will send it on prepaid

Border gold will buy silver Eagle,today, for ~ $20.50 - $1/ each oz for shipping/insurance then walk across street and deposit cash in a branch of my bank. S/A becomes less on 100 ounces sale.

Dyna mo hum
Jul 9, 2015 - 1:16pm
Joseph Warren
Jul 9, 2015 - 12:45pm

SD warned of the impending 7.62x39 ammo 'shortage'

a little while ago. Cited intel sources that no one else confirmed.

SD sells PMs, ammo, and other stuff

A shortage of such ammo never happened. And you can still by top rate Russian 7.62x39 today.

So, I look at this story with skepticism, . . . at least for now.

Jul 9, 2015 - 10:15am

@ Willsilvaa

You might want to check out Border Gold in White Rock.

Dr. P. Metals
Jul 9, 2015 - 9:29am

ha, well, i'm out of fiat

LOL all converted to Ag for now.

Sir Peter Latterman Fortenton
Jul 9, 2015 - 3:20am
Sir Peter Latterman Fortenton
Jul 9, 2015 - 3:18am

out of 1 oz bars

for what it's worth, ATS bullion, (a central london dealer) is out of 1 oz bars

Jul 9, 2015 - 12:42am


Someone asked the question, "How much of the market are silver coins?" This is a good question. The 2015 World Silver Survey stated there was a total of 196 million oz (Moz) of silver bar and coin investment in 2014. It was broke down the following way:

2014 Physical Silver Investment

Official Coin = 108 Moz

Silver Bar = 88 Moz

Total = 196 Moz

Now, this does not include all physical silver. I would imagine a lot of the smaller bars such as 5-10 oz bars are not included in these figures as well as silver rounds--sold by private mints, such as the Sunshine Mint. No silver rounds are included in the World Silver Surveys.

If we are seeing the same kind of buying as we were last year, then for every 10 oz of Official Silver Coins, there are 8 0z of silver bar being purchased. However, from the folks I have been chatting with, we are seeing a great deal more silver bar buying. I also believe India is importing more silver bar than ever.

Indians purchased 63 Moz of silver bar in 2014. So, it makes perfect sense that they will surpass that figure in 2015 by a wide margin.

Moreover, the United States imported 375 metric tons more silver than we did last year and demand was flat or lower. So, someone is acquiring silver bar at a hefty rate. I would imagine this has picked up significantly in the past 2-3 weeks.

I think we are experiencing the BEGINNING STAGES OF A GLOBAL RUN ON SILVER. This is not just retail, but wholesale as well. We did not experience this sort of silver market buying in 2008 or even last year.


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Jul 8, 2015 - 10:22pm

Not until October 12

Not until October 12

Jul 8, 2015 - 10:19pm

LCS Courtenay BC Canada

Spot Silver drops to $15~, buddy drops his buy price a dollar! to $18. But the the ask is still the same about $24.80 if you want to buy an oz. Maples and Eagles might even be over $25 each

I sold 4 eagles last week,got $19.50 each.Next time i will use the line of credit,it is 8.1% "~"

I know they have to make some profit,i am just bitter.....less than$20 an ounce just seems wrong.

At least i got some work on the go......marine mechanic.I do get some joy making boaters safer on the water......

Thanks every one ,great learning place.....that reminds me when does my yearly subscription expire?

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