Premiums are expected to rise quickly, according to Apmex, which said itâs seeing significant increases in costs and warned it likely needs an additional day or two to fill orders. On Saturday alone, it added as many new customers as it usually adds in a week.
Premiums on American Eagle silver coins have risen to close to $5 from a normal level of $2 over the past three days, according to Everett Millman at Gainesville Coins in Florida. His companyâs website has a notice saying orders are taking longer than normal to fulfill.
âThat absolutely motivates more people not only to jump on the bandwagon with the Redditors,â Millman said by phone. It also âreinforces the bias that holding physical silver is a safer investment as opposed to speculating on the stock market.â
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