Market Calendar
The bullion desk

Bullion Premiums: Coins and Bars Relative to Spot, Month by Month, and What the Mint Sold

Every benchmark the Retail Premium Index tracks, the composite for each metal, what the United States Mint sold, and the stress readings built from the same monthly series.

Retail Premium Index silver composite, August 20263.4%below every prior month of its own historySilver premiums
Retail Premium Index gold composite, August 20262.3%19th percentile of its own historyGold premiums
Silver Eagle sales, June 2026260,000 oz260,000 coinsMint sales
Gold Eagle sales, June 20265,500 ozderived on this pageMint sales

bullion coin sales to Authorized Purchasers, not production, not retail demand

Bullion today

MetalSpot $/oz
Silver price, live chart and history
Gold price, live chart and history
Show:

The silver benchmarks, August 2026

ProductLatest monthPremium $/oz1-yr avgPercentile1M
Mexican Silver Libertad 1 oz20.3%$11.9120th
Austrian Silver Philharmonic 1 oz10.8%$7.176.2%24th+0.1
American Silver Eagle 1 oz9.0%$6.0611.8%1st-3.7
Australian Silver Kangaroo 1 oz7.9%$5.217.9%9th-1.6
Canadian Silver Maple Leaf 1 oz7.4%$4.878.0%4th-0.2
100 oz silver bar3.5%$2.253.1%29th+3.1
British Silver Britannia 1 oz3.3%$2.176.9%1st-0.5
Generic 1 oz silver round1.9%$1.255.4%lowest-4.2
10 oz silver bar1.3%$0.905.9%lowest-6.8
1 kilo silver bar0.9%$0.574.6%lowest-6.7
South African Silver Krugerrand 1 oz-0.7%-$0.467.3%lowest-12.1
90% junk silver ($1 face value)-3.6%-$2.21-2.3%3rd+0.6

See every silver benchmark, month by month

Supply and premiums

Show:

Wholesale stocks in London, month by month.

London vault holdings

monthly, million oz · as of August 2026, LBMA

total LBMA silver in vaults

900.0905.0910.0915.0Jun 2026Jul 2026Aug 2026880.0890.0900.0910.0920.0Mar 2026Apr 2026May 2026Jun 2026Jul 2026Aug 2026860.0870.0880.0890.0900.0910.0920.0Jan 2026Feb 2026Mar 2026Apr 2026May 2026Jun 2026Jul 2026Aug 2026750.0800.0850.0900.0950.0Sep 2025Nov 2025Jan 2026Mar 2026May 2026Jul 2026600.0800.01000.01200.01400.0Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026600.0800.01000.01200.01400.0Jul 2016Jun 2017May 2018Apr 2019Mar 2020Feb 2021Jan 2022Dec 2022Nov 2023Oct 2024Sep 2025Aug 2026
What these do and do not show

Registered stock is metal warranted for delivery; deliveries transfer warrants and are not metal leaving vaults.

Movers, July 2026 to August 2026

Change in each benchmark's premium over spot from July 2026 to August 2026, in points. A benchmark with very few sales in either month is left out.

Rose most

Fell most

The most recent months are refreshed at each publish; earlier months stand as recorded.

The composites

Show:
0.0%10.0%20.0%30.0%40.0%50.0%20142015201620172018201920202021202220232024202520263.4%
Monthly silver composite premium, April 2013 to August 2026: the median across the metal's benchmark products of their ounce-weighted monthly averages. The silver composite is the median of the silver benchmarks reporting each month: 5 in April 2013, 12 in August 2026, never fewer than 5. The basket grows as products enter the series.
See the figures
Monthly composite premium, Silver
Month Silver Silver benchmarks
April 2013 16.0%5
September 2013 10.0%5
October 2013 9.5%6
November 2013 9.5%6
December 2013 8.1%7
January 2014 9.7%7
February 2014 8.5%5
March 2014 8.9%7
April 2014 9.2%7
May 2014 10.0%7
June 2014 10.0%7
July 2014 7.4%7
August 2014 8.5%8
September 2014 9.1%8
October 2014 12.8%8
November 2014 17.1%8
December 2014 15.9%8
January 2015 13.8%8
February 2015 14.1%8
March 2015 13.9%9
April 2015 13.8%9
May 2015 14.2%9
June 2015 14.7%9
July 2015 18.7%9
August 2015 19.4%9
September 2015 20.3%10
October 2015 17.1%8
November 2015 15.5%9
December 2015 15.9%10
January 2016 15.2%9
February 2016 14.2%9
March 2016 13.3%9
April 2016 13.8%10
May 2016 13.7%10
June 2016 12.5%10
July 2016 10.1%10
August 2016 11.0%10
September 2016 9.8%10
October 2016 11.1%11
November 2016 11.9%11
December 2016 11.4%11
January 2017 11.5%10
February 2017 8.9%10
March 2017 9.1%10
April 2017 10.9%11
May 2017 11.6%11
June 2017 11.2%11
July 2017 11.8%11
August 2017 10.9%11
September 2017 10.6%11
October 2017 8.1%10
November 2017 8.0%10
December 2017 7.7%10
January 2018 8.2%10
February 2018 6.3%10
March 2018 7.9%11
April 2018 11.2%11
May 2018 11.2%11
June 2018 10.5%9
July 2018 9.8%12
August 2018 10.4%12
September 2018 8.6%11
October 2018 12.8%12
November 2018 11.0%10
December 2018 12.3%10
January 2019 11.9%11
February 2019 11.8%12
March 2019 11.7%12
April 2019 11.2%12
May 2019 11.0%12
June 2019 10.6%12
July 2019 11.2%11
August 2019 10.2%12
September 2019 10.0%11
October 2019 9.0%11
November 2019 10.8%11
December 2019 8.5%11
January 2020 10.6%12
February 2020 10.1%12
March 2020 16.6%11
April 2020 38.8%11
May 2020 29.6%11
June 2020 17.8%11
July 2020 16.8%11
August 2020 15.8%12
September 2020 15.1%11
October 2020 13.8%11
November 2020 10.7%11
December 2020 9.3%12
January 2021 11.1%12
February 2021 20.1%11
March 2021 20.6%11
April 2021 22.9%11
May 2021 20.2%12
June 2021 18.8%12
July 2021 16.7%11
August 2021 16.1%11
September 2021 16.1%11
October 2021 17.2%11
November 2021 15.3%11
December 2021 17.8%12
January 2022 17.0%12
February 2022 16.9%12
March 2022 19.3%12
April 2022 24.8%12
May 2022 27.5%12
June 2022 24.6%11
July 2022 24.8%11
August 2022 25.8%12
September 2022 28.9%12
October 2022 31.9%12
November 2022 30.8%12
December 2022 17.9%12
January 2023 15.9%12
February 2023 15.5%12
March 2023 18.3%12
April 2023 20.4%12
May 2023 19.4%12
June 2023 17.5%11
July 2023 16.6%11
August 2023 16.8%11
September 2023 13.2%11
October 2023 14.0%11
November 2023 13.9%12
December 2023 14.8%12
January 2024 14.9%12
February 2024 14.1%12
March 2024 13.0%12
April 2024 10.6%12
May 2024 9.4%12
June 2024 10.4%12
July 2024 10.2%12
August 2024 9.6%12
September 2024 9.6%12
October 2024 9.4%12
November 2024 9.1%12
December 2024 9.6%12
January 2025 6.9%12
February 2025 6.8%12
March 2025 6.5%12
April 2025 7.7%12
May 2025 9.8%12
June 2025 6.9%12
July 2025 5.5%12
August 2025 6.1%12
September 2025 4.8%12
October 2025 7.8%12
November 2025 5.7%11
December 2025 5.9%12
January 2026 7.5%12
February 2026 10.9%12
March 2026 7.6%12
April 2026 6.0%11
May 2026 6.1%11
June 2026 3.5%11
July 2026 7.7%11
August 2026 3.4%12

Based on SD Bullion transaction data. Figures before March 2019 are historical estimates.

All bullion premiums · How these numbers are made

What the Mint sold

The United States Mint's monthly Silver Eagle sales to its Authorized Purchasers: the wholesale pipe behind the retail premium. When the Mint sells little, dealers are bidding for scarce coins and premiums have often widened; when it sells a lot, they have often eased. Often, not always: in March 2020 Mint sales and premiums jumped together.

1Y3Y5YMax
02M4M6M8MJanuary 2013October 2014July 2016April 2018January 2020October 2021July 2023April 2025
Silver Eagle bullion coin sales in ounces, month by month, January 2013 to June 2026, on the same months as the premium chart above. December 2025 is shown as 0, assumed, not yet stated by the Mint; the figure is replaced when the Mint states it.
See the figures
American Silver Eagle 1 oz: the Mint's monthly sales beside the premium
MonthCoinsOuncesStatusPremium
June 2026260,000260,000 ozreported9.7%
May 202600 oz0 reported9.4%
April 2026380,500380,500 ozreported8.5%
March 20261,630,0001,630,000 ozreported14.2%
February 20261,733,5001,733,500 ozreported18.2%
January 20264,816,5004,816,500 ozreported12.8%
November 2025749,500749,500 ozreported11.4%
October 20251,425,0001,425,000 ozreported15.4%
September 2025575,000575,000 ozreported11.3%
August 2025430,000430,000 ozreported11.0%
July 2025305,000305,000 ozreported11.7%
June 2025315,000315,000 ozreported12.2%
May 2025775,000775,000 ozreported14.5%
April 20251,530,0001,530,000 ozreported15.0%
March 2025972,500972,500 ozreported14.1%
February 2025928,000928,000 ozreported13.4%
January 20253,563,0003,563,000 ozreported15.2%
December 20241,314,0001,314,000 ozreported16.1%
November 2024983,000983,000 ozreported17.3%
October 20242,469,0002,469,000 ozreported16.5%
September 20242,446,0002,446,000 ozreported17.1%
August 20241,700,0001,700,000 ozreported24.2%
July 20241,700,0001,700,000 ozreported21.3%
June 20241,700,0001,700,000 ozreported23.3%
Earlier months
American Silver Eagle 1 oz: the Mint's monthly sales beside the premium: earlier months
MonthCoinsOuncesStatusPremium
May 20241,748,0001,748,000 ozreported24.1%
April 20242,502,0002,502,000 ozreported25.0%
March 20241,700,0001,700,000 ozreported24.8%
February 20241,700,0001,700,000 ozreported20.0%
January 20244,900,0004,900,000 ozreported19.3%
December 2023525,000525,000 ozreported19.1%
November 20232,378,0002,378,000 ozreported22.0%
October 20233,938,0003,938,000 ozreported25.8%
September 20232,970,0002,970,000 ozreported24.8%
August 20233,124,0003,124,000 ozreported28.3%
July 20232,091,0002,091,000 ozreported42.2%
June 20231,482,0001,482,000 ozreported66.4%
May 20231,593,0001,593,000 ozreported76.0%
April 2023900,000900,000 ozreported73.3%
March 2023900,000900,000 ozreported56.9%
February 2023900,000900,000 ozreported44.6%
January 20233,949,0003,949,000 ozreported41.7%
December 202259,00059,000 ozreported51.4%
November 20221,407,0001,407,000 ozreported80.8%
October 20221,258,0001,258,000 ozreported93.9%
September 2022850,000850,000 ozreported74.1%
August 2022850,000850,000 ozreported69.5%
July 2022850,000850,000 ozreported67.9%
June 2022925,000925,000 ozreported60.4%
May 20221,350,0001,350,000 ozreported66.6%
April 2022850,000850,000 ozreported58.9%
March 20221,100,0001,100,000 ozreported51.0%
February 20221,500,0001,500,000 ozreported38.3%
January 20225,001,0005,001,000 ozreported38.4%
December 202100 oz0 reported39.5%
November 20211,523,5001,523,500 ozreported40.6%
October 20211,076,0001,076,000 ozreported47.0%
September 20212,735,0002,735,000 ozreported37.0%
August 20213,930,0003,930,000 ozreported36.9%
July 20213,104,0003,104,000 ozreported39.6%
June 20212,800,0002,800,000 ozreported49.9%
May 202100 oz0 reported46.6%
April 20211,053,0001,053,000 ozreported42.6%
March 20214,087,0004,087,000 ozreported42.5%
February 20213,191,5003,191,500 ozreported46.3%
January 20214,775,0004,775,000 ozreported16.8%
December 2020751,000751,000 ozreported13.8%
November 20204,805,0004,805,000 ozreported17.6%
October 20203,397,0003,397,000 ozreported19.9%
September 20202,958,5002,958,500 ozreported24.0%
August 20204,477,0004,477,000 ozreported31.8%
July 20201,084,5001,084,500 ozreported35.5%
June 20201,398,0001,398,000 ozreported40.8%
May 2020490,000490,000 ozreported60.9%
April 2020750,000750,000 ozreported60.6%
March 20205,482,5005,482,500 ozreported28.0%
February 2020650,000650,000 ozreported13.7%
January 20203,846,0003,846,000 ozreported14.0%
December 201900 oz0 reported14.5%
November 2019463,000463,000 ozreported14.6%
October 20191,110,5001,110,500 ozreported14.3%
September 20191,021,0001,021,000 ozreported14.0%
August 20191,007,0001,007,000 ozreported14.2%
July 20191,240,0001,240,000 ozreported15.5%
June 20191,035,0001,035,000 ozreported16.5%
May 2019866,000866,000 ozreported16.9%
April 20191,196,0001,196,000 ozreported16.6%
March 2019850,000850,000 ozreported16.5%
February 20192,057,5002,057,500 ozreported16.0%
January 20194,017,5004,017,500 ozreported15.7%
December 2018490,000490,000 ozreported16.1%
November 20181,645,0001,645,000 ozreported16.5%
October 20181,430,0001,430,000 ozreported16.6%
September 20182,897,5002,897,500 ozreported18.4%
August 20181,530,0001,530,000 ozreported16.2%
July 2018885,000885,000 ozreported14.4%
June 2018435,000435,000 ozreported14.0%
May 2018380,000380,000 ozreported14.1%
April 2018915,000915,000 ozreported14.1%
March 2018915,000915,000 ozreported13.7%
February 2018942,500942,500 ozreported11.7%
January 20183,235,0003,235,000 ozreported13.0%
December 2017742,000742,000 ozreported14.6%
November 2017385,000385,000 ozreported12.8%
October 20171,040,0001,040,000 ozreported13.9%
September 2017320,000320,000 ozreported13.4%
August 20171,025,0001,025,000 ozreported14.2%
July 20172,320,0002,320,000 ozreported15.6%
June 2017986,000986,000 ozreported14.9%
May 20172,455,0002,455,000 ozreported14.2%
April 2017835,000835,000 ozreported13.5%
March 20171,615,0001,615,000 ozreported13.9%
February 20171,215,0001,215,000 ozreported13.5%
January 20175,127,5005,127,500 ozreported15.5%
December 2016240,000240,000 ozreported15.4%
November 20163,061,0003,061,000 ozreported14.7%
October 20163,825,0003,825,000 ozreported13.6%
September 20161,675,0001,675,000 ozreported12.5%
August 20161,280,0001,280,000 ozreported12.4%
July 20161,370,0001,370,000 ozreported11.7%
June 20162,837,5002,837,500 ozreported14.0%
May 20164,498,5004,498,500 ozreported14.4%
April 20164,072,0004,072,000 ozreported15.2%
March 20164,106,0004,106,000 ozreported17.4%
February 20164,782,0004,782,000 ozreported17.8%
January 20165,954,5005,954,500 ozreported19.3%
December 20152,333,5002,333,500 ozreported21.9%
November 20154,824,0004,824,000 ozreported19.1%
October 20153,788,0003,788,000 ozreported21.4%
September 20153,804,5003,804,500 ozreported29.6%
August 20154,935,0004,935,000 ozreported21.7%
July 20155,529,0005,529,000 ozreported20.8%
June 20154,840,0004,840,000 ozreported14.7%
May 20152,023,5002,023,500 ozreported14.2%
April 20152,851,5002,851,500 ozreported14.4%
March 20153,519,0003,519,000 ozreported14.5%
February 20153,022,0003,022,000 ozreported16.3%
January 20155,530,0005,530,000 ozreported15.5%
December 20142,459,0002,459,000 ozreported16.7%
November 20143,426,0003,426,000 ozreported19.1%
October 20145,790,0005,790,000 ozreported15.6%
September 20144,140,0004,140,000 ozreported13.6%
August 20142,087,5002,087,500 ozreported12.2%
July 20141,975,0001,975,000 ozreported12.0%
June 20142,692,0002,692,000 ozreported12.8%
May 20143,988,5003,988,500 ozreported13.4%
April 20143,569,0003,569,000 ozreported12.7%
March 20145,354,0005,354,000 ozreported13.6%
February 20143,750,0003,750,000 ozreported16.4%
January 20144,775,0004,775,000 ozreported17.0%
December 20131,200,0001,200,000 ozreported18.5%
November 20132,300,0002,300,000 ozreported18.3%
October 20133,087,0003,087,000 ozreported14.0%
September 20133,013,0003,013,000 ozreported12.8%
August 20133,625,0003,625,000 ozreported13.5%
July 20134,406,5004,406,500 ozreported17.2%
June 20133,275,0003,275,000 ozreported17.3%
May 20133,458,5003,458,500 ozreported15.4%
April 20134,087,0004,087,000 ozreported20.9%
March 20133,356,5003,356,500 ozreported18.3%
February 20133,368,5003,368,500 ozreported13.2%
January 20137,498,0007,498,000 ozreported14.3%

The U.S. Mint did not report a figure for December 2025.

December is usually the Mint’s slowest month for bullion sales, about a third of a typical month for the one-ounce coins since 2013, and in some years the Mint reports no December sales at all. The Mint’s practice is to shift production to the next year’s coins late in the year; its file states no reason for any month.

bullion coin sales to Authorized Purchasers, not production, not retail demand

Source: United States Mint. Updated after each of the Mint's monthly postings; latest month June 2026.

Stress gauges

Readings built from the benchmark series above, for both metals. Each is a plain subtraction or a ranking against its own history: no model, no smoothing.

Eagle-generic spread

-20.0%0.0%20.0%40.0%60.0%80.0%September 2013June 2015February 2017October 2018June 2020February 2022October 2023June 2025
See the figures
Eagle-generic spread, by month
CategoryEagle-generic spread
September 20137.3%
October 20139.1%
November 201312.3%
December 201312.5%
January 20149.4%
March 20145.0%
April 20147.5%
May 20147.2%
June 20147.8%
July 20146.7%
August 20146.8%
September 20148.1%
October 20149.6%
November 201412.9%
December 20149.7%
January 20157.2%
February 20157.4%
March 20157.9%
April 20157.6%
May 20158.5%
June 20158.1%
July 201513.4%
August 20159.0%
September 201512.5%
October 20157.5%
November 201510.7%
December 201512.2%
January 201612.7%
February 201612.8%
March 201612.6%
April 201610.4%
May 20169.5%
June 201610.0%
July 20168.0%
August 20168.3%
September 20169.2%
October 20169.2%
November 201610.4%
December 201611.8%
January 201711.8%
February 20179.8%
March 20179.6%
April 20179.0%
May 20179.8%
June 201711.8%
July 201711.9%
August 201710.1%
September 201710.0%
October 201710.7%
November 201710.1%
December 201711.4%
January 20189.8%
February 20187.9%
March 201810.2%
April 201810.6%
May 201810.8%
June 201811.0%
July 201811.2%
August 201812.5%
September 201814.3%
October 201812.3%
November 201811.4%
December 201810.4%
January 201910.7%
February 201911.2%
March 201911.4%
April 201911.3%
May 201911.4%
June 201911.9%
July 201910.5%
August 20199.9%
September 20199.7%
October 201910.3%
November 201910.1%
December 20199.7%
January 20209.5%
February 20208.9%
March 202011.3%
April 202037.0%
May 202043.1%
June 202026.7%
July 202023.0%
August 202019.5%
September 202012.5%
October 202011.3%
November 20209.2%
December 20205.9%
January 20218.3%
February 202126.0%
March 202123.4%
April 202123.5%
May 202129.9%
June 202134.3%
July 202125.1%
August 202125.6%
September 202123.9%
October 202133.4%
November 202127.1%
December 202124.1%
January 202224.3%
February 202224.7%
March 202235.7%
April 202239.9%
May 202245.8%
June 202243.6%
July 202245.7%
August 202248.0%
September 202253.3%
October 202266.4%
November 202260.8%
December 202234.2%
January 202331.6%
February 202332.0%
March 202340.2%
April 202354.7%
May 202359.1%
June 202351.5%
July 202330.0%
August 202318.6%
September 202316.0%
October 202317.1%
November 202314.2%
December 202312.0%
January 202411.6%
February 202414.2%
March 202417.5%
April 202416.5%
May 202418.9%
June 202418.6%
July 202416.4%
August 202419.2%
September 202412.2%
October 202410.6%
November 202412.6%
December 20248.4%
January 202510.4%
February 20258.4%
March 20259.9%
April 20259.8%
May 20258.7%
June 20257.9%
July 20257.4%
August 20256.5%
September 20256.9%
October 20259.4%
November 20256.5%
December 20254.9%
January 20266.4%
February 20269.6%
March 20267.8%
April 20262.7%
May 20263.3%
June 20266.6%
July 20266.6%
August 20267.1%
The gap between the American Silver Eagle premium and the generic round premium: when it widens, buyers are paying up for the brand, not the metal.

Junk-silver premium percentile

3rd percentile of its own history

-20.0%0.0%20.0%40.0%60.0%80.0%January 2013October 2014July 2016April 2018January 2020October 2021July 2023April 2025
See the figures
Junk-silver premium percentile, by month
Category90% junk silver ($1 face value)
January 20139.1%
February 201312.1%
March 20138.4%
April 201316.7%
May 201324.7%
June 201314.6%
July 201318.0%
August 201313.3%
September 20138.4%
October 20138.7%
November 20138.8%
December 20138.1%
January 20149.7%
February 20148.5%
March 20148.9%
April 20149.2%
May 201411.2%
June 201410.0%
July 20147.4%
August 20147.2%
September 20147.0%
October 201412.7%
November 201417.0%
December 201415.7%
January 201516.0%
February 201517.3%
March 201518.0%
April 201513.8%
May 201515.5%
June 201515.8%
July 201520.8%
August 201545.9%
September 201569.9%
October 201535.6%
November 201522.2%
December 201529.0%
January 201629.2%
February 201623.8%
March 201627.1%
April 201616.6%
May 201614.4%
June 201612.4%
July 20168.4%
August 20167.3%
September 20169.2%
October 201611.1%
November 201613.8%
December 201614.4%
January 201712.5%
February 20177.8%
March 20177.6%
April 20177.0%
May 20179.5%
June 20178.5%
July 20178.0%
August 20176.0%
September 20174.2%
October 20173.6%
November 20173.5%
December 20173.8%
January 20183.4%
February 20181.9%
March 20183.3%
April 20182.8%
May 20182.7%
June 20183.2%
July 20183.5%
August 20184.0%
September 20185.9%
October 20187.0%
November 20185.7%
December 20185.8%
January 20195.0%
February 20195.1%
March 20195.2%
April 20194.3%
May 20194.4%
June 20194.9%
July 20194.6%
August 20194.3%
September 20194.3%
October 20192.9%
November 20193.0%
December 20193.3%
January 20203.0%
February 20202.7%
March 202023.2%
April 202046.1%
May 202023.9%
June 202017.7%
July 202015.9%
August 202015.2%
September 20209.7%
October 20209.1%
November 20208.2%
December 20205.2%
January 20217.8%
February 202126.8%
March 202131.0%
April 202133.1%
May 202126.2%
June 202121.0%
July 202119.6%
August 202119.0%
September 202124.5%
October 202133.5%
November 202130.6%
December 202131.7%
January 202231.6%
February 202227.8%
March 202227.4%
April 202234.4%
May 202239.8%
June 202240.3%
July 202245.8%
August 202245.8%
September 202249.4%
October 202262.4%
November 202253.9%
December 202231.5%
January 202327.3%
February 202323.2%
March 202330.0%
April 202358.4%
May 202357.2%
June 202341.1%
July 202327.7%
August 202316.8%
September 202319.9%
October 202320.4%
November 202313.5%
December 202318.2%
January 202415.6%
February 202411.5%
March 202410.4%
April 20246.5%
May 20247.0%
June 20245.8%
July 20244.8%
August 20249.8%
September 20249.2%
October 20246.6%
November 20247.5%
December 20248.0%
January 20255.1%
February 20254.5%
March 20255.9%
April 20254.2%
May 20251.4%
June 20254.4%
July 20251.3%
August 20250.6%
September 20250.6%
October 20250.7%
November 20250.3%
December 20250.4%
January 20260.1%
February 20260.6%
March 2026-7.9%
April 2026-6.0%
May 2026-1.4%
June 2026-7.5%
July 2026-4.1%
August 2026-3.6%
Where today’s 90% junk silver premium sits against its own history: the classic shortage siren, because no new supply is ever minted.

Eagle/Buffalo spread

-4.0%-2.0%0.0%2.0%4.0%6.0%January 2014June 2016December 2017June 2019December 2020June 2022December 2023June 2025
See the figures
Eagle/Buffalo spread, by month
CategoryEagle/Buffalo spread
January 2014-0.3%
July 2014-1.0%
August 2014-0.5%
September 2014-1.0%
October 2014-0.4%
February 2015-0.6%
March 2015-0.4%
June 2015-0.9%
July 2015-0.7%
August 2015-0.7%
September 2015-0.1%
November 2015-0.1%
December 20150.2%
January 2016-0.1%
February 20160.2%
March 2016-0.7%
April 2016-0.1%
May 2016-0.2%
June 20160.0%
July 2016-0.1%
August 2016-0.3%
September 20160.0%
October 20160.1%
November 20160.2%
December 20160.7%
January 20170.5%
February 2017-0.5%
March 2017-0.1%
April 20170.1%
May 2017-0.4%
June 2017-0.3%
July 2017-0.1%
August 2017-0.7%
September 2017-0.8%
October 2017-0.1%
November 2017-0.9%
December 2017-1.0%
January 2018-1.1%
February 2018-1.9%
March 2018-2.0%
April 2018-1.5%
May 2018-1.0%
June 2018-1.3%
July 2018-0.5%
August 20180.3%
September 20180.7%
October 20180.3%
November 20180.0%
December 2018-0.3%
January 2019-0.4%
February 2019-0.5%
March 2019-0.8%
April 2019-0.8%
May 2019-1.4%
June 2019-1.2%
July 2019-2.2%
August 2019-1.4%
September 2019-0.9%
October 2019-0.3%
November 2019-0.9%
December 20190.1%
January 2020-0.2%
February 2020-0.3%
March 2020-0.4%
April 2020-0.2%
May 2020-1.0%
June 2020-0.1%
July 2020-0.2%
August 20200.1%
September 2020-0.2%
October 2020-0.1%
November 2020-0.3%
December 2020-0.5%
January 2021-0.3%
February 2021-1.1%
March 2021-0.5%
April 20210.7%
May 2021-0.4%
June 20212.4%
July 20211.2%
August 20210.1%
September 20210.0%
October 20210.3%
November 20210.7%
December 2021-0.1%
January 20220.2%
February 2022-0.1%
March 20220.3%
April 20220.5%
May 20220.5%
June 2022-0.1%
July 20220.5%
August 20221.7%
September 20222.1%
October 20220.4%
November 20224.0%
December 20220.7%
January 2023-2.1%
February 20230.6%
March 20230.6%
April 20230.4%
May 2023-0.4%
June 2023-0.1%
July 2023-0.4%
August 2023-1.0%
September 2023-0.6%
October 2023-1.0%
November 2023-0.7%
December 2023-0.9%
January 20240.0%
February 2024-0.4%
March 2024-1.1%
April 2024-0.6%
May 20240.8%
June 20240.4%
July 2024-0.9%
August 20240.2%
September 20240.9%
October 2024-0.4%
November 20240.0%
December 2024-0.5%
January 2025-0.5%
February 2025-0.7%
March 2025-0.9%
April 2025-1.1%
May 2025-1.9%
June 2025-2.3%
July 2025-2.8%
August 2025-1.2%
September 2025-1.6%
October 2025-2.4%
November 2025-2.6%
December 2025-1.2%
January 2026-0.8%
February 2026-1.8%
March 2026-1.6%
April 2026-2.9%
May 2026-2.1%
June 20261.8%
July 2026-2.8%
August 2026-3.2%
The premium gap between the two US Mint 1 oz gold coins has tended to widen when demand for the purer coin ran ahead of demand for the Eagle.

1/10 oz fractional premium

-20.0%0.0%20.0%40.0%60.0%March 2013December 2014September 2016June 2018March 2020December 2021September 2023June 2025
See the figures
1/10 oz fractional premium, by month
CategoryAmerican Gold Eagle 1/10 ozAmerican Gold Eagle 1 oz
March 201317.5%6.5%
April 20135.9%
May 20134.6%
June 20134.1%
July 20134.6%
August 201311.8%4.4%
September 201313.2%1.0%
October 201312.9%4.2%
November 201313.1%4.1%
December 201314.4%4.4%
January 201413.6%4.4%
February 201412.9%4.2%
March 201413.8%4.3%
April 201412.9%4.6%
May 201412.8%4.6%
June 201413.0%4.0%
July 201413.2%3.1%
August 201412.4%3.8%
September 201413.9%3.7%
October 201413.4%4.2%
November 201414.4%4.6%
December 201413.1%4.2%
January 201513.0%4.4%
February 201514.0%4.0%
March 201514.0%4.4%
April 201514.0%4.2%
May 201513.5%4.1%
June 201512.0%4.2%
July 201513.6%4.8%
August 201513.7%4.4%
September 201513.8%4.7%
October 201513.8%4.8%
November 201514.2%4.4%
December 201514.2%4.7%
January 201613.9%4.1%
February 201613.3%4.4%
March 201614.2%4.2%
April 201613.1%4.2%
May 201614.6%4.3%
June 201613.1%4.0%
July 201615.5%4.0%
August 201612.8%4.2%
September 201614.2%4.1%
October 201613.5%4.3%
November 201614.6%4.4%
December 201614.2%5.3%
January 201712.4%4.9%
February 201713.0%4.2%
March 201712.1%4.3%
April 201713.9%4.5%
May 201713.8%4.2%
June 201712.6%3.8%
July 201712.9%4.2%
August 201714.9%2.5%
September 201711.8%2.8%
October 201712.7%3.5%
November 201713.0%3.9%
December 201712.0%3.5%
January 201812.8%2.8%
February 201814.5%2.0%
March 201813.7%2.2%
April 201811.4%2.4%
May 201813.0%2.6%
June 201811.4%2.8%
July 201811.9%3.3%
August 201811.9%3.6%
September 201811.8%4.1%
October 201810.8%4.3%
November 201811.4%4.0%
December 201811.2%3.9%
January 201911.0%3.7%
February 201911.1%3.6%
March 201910.8%3.2%
April 201911.0%3.2%
May 201910.9%2.7%
June 201912.3%2.1%
July 201911.3%1.2%
August 201912.0%1.6%
September 201911.5%2.0%
October 201910.8%2.3%
November 201911.9%2.7%
December 201912.3%3.1%
January 202011.6%3.2%
February 20209.5%2.8%
March 202015.5%6.6%
April 202028.7%9.8%
May 202030.5%7.2%
June 202022.1%6.0%
July 202035.6%5.4%
August 202035.9%5.4%
September 202017.7%5.3%
October 202016.4%5.2%
November 202014.6%5.1%
December 202015.2%4.9%
January 202119.8%5.2%
February 202133.9%8.3%
March 202148.2%10.1%
April 202134.4%10.4%
May 202149.2%10.1%
June 202132.0%10.2%
July 202130.9%8.0%
August 202130.0%5.9%
September 202122.0%5.8%
October 202124.9%6.4%
November 202126.6%6.2%
December 202126.7%5.4%
January 202216.7%5.3%
February 202220.0%5.1%
March 202220.9%5.7%
April 202223.0%6.0%
May 202223.6%6.1%
June 202224.9%5.7%
July 202226.4%7.2%
August 202234.3%8.8%
September 202233.5%9.5%
October 202246.5%11.9%
November 202232.1%11.0%
December 202231.0%8.9%
January 202326.6%6.1%
February 202324.9%7.2%
March 202329.1%8.0%
April 202341.0%8.6%
May 202347.6%8.0%
June 202341.4%7.0%
July 202329.9%5.8%
August 202323.0%5.9%
September 202323.2%5.8%
October 202323.6%5.2%
November 202324.0%5.4%
December 202321.6%5.6%
January 202422.2%4.9%
February 202419.6%4.6%
March 202418.1%3.8%
April 202420.1%3.8%
May 202422.9%4.5%
June 202425.3%4.4%
July 202429.8%4.0%
August 202425.7%3.9%
September 202424.0%4.6%
October 202429.6%4.3%
November 202427.1%5.0%
December 202427.4%4.4%
January 202515.8%3.5%
February 202517.1%3.0%
March 202517.0%3.9%
April 202518.4%3.6%
May 202518.0%2.6%
June 202515.0%2.0%
July 202516.0%1.2%
August 202513.4%2.8%
September 202512.5%2.9%
October 202513.4%4.5%
November 202515.1%3.4%
December 202515.5%3.4%
January 202615.7%4.2%
February 202611.0%3.9%
March 202611.1%3.2%
April 202614.5%2.7%
May 202614.4%3.0%
June 202615.3%3.2%
July 202615.8%3.3%
August 202616.2%2.3%
When the fractional premium detaches from the 1 oz series, small buyers are paying up, a retail-stress tell.

What this page was built from

  • Premium history, stamped 31 Aug 2026, sequence 2.
  • United States Mint bullion sales, stamped 2026-09-06.

The Retail Premium Index is a free public resource published for educational purposes only. It is compiled from real transaction records and from market data we license, using the methods described on the methodology page, and we correct it when we find errors. It is not a price quote, an offer to buy or sell, or investment advice, and it may not match figures compiled by other dealers or from other sources, whose products, pricing and methods differ from ours. The methods, the products covered and the period covered may change over time; nothing about the continuation, consistency or method of the index is guaranteed, and any figure may be revised or withdrawn. Past premiums do not indicate future premiums. The figures come from one retailer's own records of completed orders, and for the months before March 2019 from estimates of what the metal was worth at the time of each sale.

How these numbers are made