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Silver has had quite a run lately—up 7% just today and sitting at 160%+ for the year so far. Over the past six months alone, prices jumped from $36 per ounce to $76, marking a stunning 100%+ surge.
But here's what matters if you're actually thinking about accumulating physical silver: the premium above spot price is real. American Silver Eagle 1-ounce coins are trading around $84 right now, and generic silver bars? You're looking at similar premiums on top of the spot rate.
The gap between paper prices and what you actually pay for physical metal is worth paying attention to. Market enthusiasm is one thing; execution cost is another.