Had a long conversation with close friend who is a long time bullion dealer. The silver eagle wholesalers are now calling around to distributors trying to unload silver eagles. The premium per coin is $4. and up depending on who you are talking to. My friend believes that they are just trying to gauge the market. Last year they were happy to make ~ $.20 per coin he believe they are now trying to make $2.00 per.

This may not mean anything, but we may see a shrinking premium if supply suddenly meets demand.

He also indicated that the public is not selling silver eagles. They will sell just about any other form, but not silver eagles. He has been hearing complaints from customers that buy bids are really dropping from the small shops. I can understand this, as they are probably seeing very low volume at this time.
Just thought I’d pass it on.