Silver coins demand soaring and premiums falling as 2023 opens. Because only 25% of all silver mined goes into silver coins and bullion, as demands increase premiums usually increase because the supply of silver cant increase due to the heavy industrial uses of silver. However, in 2023, the demand for silver coins is soaring, and premiums are falling. This is because new technologies have enabled the recycling of existing silver into coins and bullion. This has allowed the supply of silver coins to increase, meeting the increased demand. This increase in supply has also been aided by the fact that many countries have been selling off their silver reserves to meet the increased demand. This has helped to keep the prices of silver coins lower, while still allowing the demand to be met. The falling silver premiums are also a result of decreased demand for silver coins in other areas, such as jewelry. As people look to diversify their investments, they are opting to invest in silver coins rather than jewelry. This has caused the demand for jewelry-grade silver to drop, which has in turn lowered the premiums of silver coins. Overall, it appears that the increase in demand for silver coins and the availability of recycled silver have been the main drivers for the falling premiums in 2023. This is good news for investors looking to diversify their portfolios and invest in silver.

The demand for silver coins has been steadily increasing over the past few years. This is likely due to the current macroeconomic environment and the low interest rate environment. With many investors looking for a safe haven to store their wealth, silver coins have become an attractive option. Furthermore, many investors also consider silver coins to be a hedge against inflation, as silver is a precious metal that is not subject to the same inflationary pressures that currency is.

Additionally, silver coins are often seen as a hedge against currency depreciation. As a result, many investors are turning to silver coins as a way to preserve their wealth in the face of global uncertainty. As the demand for silver coins increases, the premiums associated with them have been falling. This is due to the fact that more silver coins are being produced and the supply is increasing. This increased supply has resulted in decreased premiums, making silver coins more accessible to investors.

Overall, the demand for silver coins is soaring and premiums are falling as 2023 begins. This is likely due to macroeconomic factors and the low interest rate environment. Investors are increasingly turning to silver coins as a hedge against currency depreciation and inflation. As the demand increases, the supply has also increased, resulting in lower premiums and making silver coins more accessible.