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The high premiums were indicative of strong demand and limited supply, causing a buying frenzy among people looking to invest in silver as a hedge against economic instability and inflation.
A Drastic Shift: December 2024
Fast forward to December 27, 2024, and the narrative surrounding 90% silver has shifted completely. As the year comes to a close, wholesalers are now selling 90% silver with no premium at all, and some coin shops are marking it down, with prices even going $1 below melt value. This is emblematic of a broader trend of decreasing demand, as many consumers pivot away from 90% silver in favor of pure forms of silver, which are perceived as more valuable or desirable.