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The Evolution of 90% Silver: A Market Analysis from 2023 to 2024

In the last two years, the landscape of 90% silver — comprising dimes, quarters, and half dollars — has transformed dramatically. Reflecting on where the market stood in May 2023 compared to the end of December 2024 reveals key changes in demand, pricing, and consumer sentiment.

The Hike in Premiums: May 2023

In May 2023, premiums for 90% silver were at record highs, with sellers charging as much as $14.20 per ounce over the spot price. For instance, when purchasing $7 face value of 90% silver (approximately 5 ounces), buyers were shelling out an astounding $196, resulting in a per-ounce cost of nearly $39.20. This was a significant jump from the spot price range of approximately $25 during that period.