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Money Metals News Alert
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September 8, 2025
– Metals prices moved higher last week, closing above key overhead
resistance. Gold finished the week at a new all-time high of $3,586/oz, finally
breaking out of the range where it had been capped at just under $3,500/oz.
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Silver broke past $40/oz
and the charts don???t show much resistance now until it approaches $50.
Activity picked up in the
retail bullion markets with an increase in both buyers and sellers. The markets
may be moving out of the summer doldrums. A weak employment report published
Friday will add pressure for the Fed to resume rate cuts later this month.
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The S&P 500 ended the week essentially
flat. The same is true for the Dollar Index, with the DXY ending up at 97.74 --
the lowest levels since early 2022. Bond prices rose with the yield on the 10-year
Treasury finishing at 4.077%.
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Gold : Silver Ratio (as of
Friday's closing prices) – 87.3 to
1
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90% U.S. Coins: The Best Way to Buy Silver
Right Now
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Bid and ask premiums for 90% silver
U.S. coins are perhaps the most volatile of any among retail bullion products. At
the recent peak of retail buying demand in 2023, ask premiums for these older,
circulated dimes, quarters and half dollars went north of $15/oz over spot.
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Today, dealer inventories
are overflowing, and those ask premiums are south of $1/oz.
For people planning to buy
silver, those coins are worth a look. There are few good reasons to own some 90%
silver, sometimes referred to as ???junk???
silver, or pre-1965 silver.
The best reason is the
simplest. These coins are the cheapest way to buy silver at the moment. Investors
can hardly go wrong buying at the lowest possible price per ounce.
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Another reason is that low premiums
present an interesting opportunity to speculate on the premiums in addition to the
metal itself. If and when there is another big surge in buying demand for these
coins, premiums will invariably be higher.
Some savvy investors took advantage
when premiums were sky high 2022 and 2023.
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They sold the 90% silver
coins for as much as $9/oz in bid premium. They turned around and bought lower
premium silver such as 100 oz or 1000 oz bars – increasing the number of
ounces in their holding.
Silver
dimes, quarters,
and half-dollars
might also help investors mitigate the risk of a correction in silver prices.
Right now premiums are low because surging silver prices have resulted in more
selling than buying. If there is a correction in the price, we are likely to see
that trend reverse.
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The premiums on 90% silver are
traditionally the quickest to bounce when demand outstrips supply. The silver
price rose and fell during the COVID years. Rising premiums offset some or all of
the drops in the metal???s price during that time period.
It???s also worth considering that the
supply of 90% silver U.S. coins only shrinks over time. The U.S. Mint made the
last of those coins 1964.
In recent months, these coins have
been shipped to refiners to be melted. The silver can be converted into 1000 oz
bars and sold at a profit.
The shrinking stock of these coins
means there is an upward pressure on premiums over time – particularly when
silver buying demand is strong.
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These coins will always be
popular when people are buying silver. They are official, government-issue and
that inspires trust. And they come in small units, which appeals to buyers who
want something suitable for barter in their stash.
A silver dime, for
example, is worth a little over $3. That could be the right size to trade for a
gallon of milk or a loaf of bread, should the paper dollar collapse.
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Investors just need to know that 90%
coins are often not beautiful. Many of the coins in a bag will be quite worn and
others may be tarnished. Most other coins, rounds and bars will look like newly
minted silver. The aesthetics of 90% coins are how they earned the moniker ???junk???
silver.
But for most people, the silver they
buy is going into their safe. They aren???t collectors, and they aren???t planning to
put the coins on display. These folks will likely be quite happy they decided to
buy 90% silver when premiums were so low.
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This week's Market Update was
authored by Money Metals Director Clint Siegner.
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
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to international orders. The information presented here is for general educational
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investment advisors. Nor do we advocate the purchase or sale of any regulated
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record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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