100 oz Silver Bar Premiums Relative to Spot, Month by Month
In August 2026 the 100 oz silver bar carried 3.5% over spot, or $2.25 an ounce over the metal value, against 3.4% for the silver composite in the same month and the reading sits in the 29th percentile of the product's own history.
The year's range so far-0.4% in June 2026 to 7.4% in February 2026
captured 31 Aug 2026 · How these numbers are made
Month by month
See the figures
| Category | 100 oz silver bar | Silver composite |
|---|---|---|
| January 2013 | 3.3% | |
| February 2013 | 3.4% | |
| March 2013 | 21.1% | |
| April 2013 | 7.6% | 16.0% |
| May 2013 | 5.6% | |
| June 2013 | 5.6% | |
| August 2013 | 4.1% | |
| September 2013 | 6.0% | 10.0% |
| October 2013 | 5.3% | 9.5% |
| November 2013 | 5.6% | 9.5% |
| December 2013 | 5.4% | 8.1% |
| January 2014 | 4.0% | 9.7% |
| February 2014 | 3.1% | 8.5% |
| March 2014 | 4.7% | 8.9% |
| April 2014 | 3.9% | 9.2% |
| May 2014 | 3.2% | 10.0% |
| June 2014 | 3.3% | 10.0% |
| July 2014 | 3.9% | 7.4% |
| August 2014 | 3.4% | 8.5% |
| September 2014 | 3.5% | 9.1% |
| October 2014 | 4.3% | 12.8% |
| November 2014 | 5.3% | 17.1% |
| December 2014 | 4.9% | 15.9% |
| January 2015 | 4.5% | 13.8% |
| February 2015 | 3.3% | 14.1% |
| March 2015 | 4.6% | 13.9% |
| April 2015 | 4.7% | 13.8% |
| May 2015 | 4.5% | 14.2% |
| June 2015 | 4.6% | 14.7% |
| July 2015 | 5.8% | 18.7% |
| August 2015 | 6.9% | 19.4% |
| September 2015 | 6.7% | 20.3% |
| October 2015 | 5.8% | 17.1% |
| November 2015 | 5.1% | 15.5% |
| December 2015 | 5.8% | 15.9% |
| January 2016 | 5.9% | 15.2% |
| February 2016 | 4.6% | 14.2% |
| March 2016 | 4.8% | 13.3% |
| April 2016 | 4.2% | 13.8% |
| May 2016 | 3.8% | 13.7% |
| June 2016 | 3.8% | 12.5% |
| July 2016 | 2.6% | 10.1% |
| August 2016 | 3.3% | 11.0% |
| September 2016 | 3.2% | 9.8% |
| October 2016 | 3.7% | 11.1% |
| November 2016 | 2.9% | 11.9% |
| December 2016 | 2.9% | 11.4% |
| January 2017 | 3.2% | 11.5% |
| February 2017 | 3.3% | 8.9% |
| March 2017 | 3.4% | 9.1% |
| April 2017 | 3.3% | 10.9% |
| May 2017 | 3.3% | 11.6% |
| June 2017 | 3.2% | 11.2% |
| July 2017 | 3.4% | 11.8% |
| August 2017 | 3.7% | 10.9% |
| September 2017 | 2.8% | 10.6% |
| October 2017 | 3.5% | 8.1% |
| November 2017 | 2.9% | 8.0% |
| December 2017 | 3.3% | 7.7% |
| January 2018 | 3.4% | 8.2% |
| February 2018 | 3.5% | 6.3% |
| March 2018 | 3.8% | 7.9% |
| April 2018 | 4.0% | 11.2% |
| May 2018 | 3.8% | 11.2% |
| June 2018 | 3.0% | 10.5% |
| July 2018 | 3.6% | 9.8% |
| August 2018 | 4.0% | 10.4% |
| September 2018 | 4.6% | 8.6% |
| October 2018 | 4.6% | 12.8% |
| November 2018 | 4.6% | 11.0% |
| December 2018 | 4.4% | 12.3% |
| January 2019 | 4.2% | 11.9% |
| February 2019 | 3.8% | 11.8% |
| March 2019 | 4.0% | 11.7% |
| April 2019 | 3.7% | 11.2% |
| May 2019 | 3.8% | 11.0% |
| June 2019 | 3.6% | 10.6% |
| July 2019 | 3.3% | 11.2% |
| August 2019 | 2.9% | 10.2% |
| September 2019 | 3.3% | 10.0% |
| October 2019 | 3.8% | 9.0% |
| November 2019 | 3.5% | 10.8% |
| December 2019 | 3.6% | 8.5% |
| January 2020 | 3.3% | 10.6% |
| February 2020 | 3.9% | 10.1% |
| March 2020 | 11.9% | 16.6% |
| April 2020 | 24.8% | 38.8% |
| May 2020 | 29.6% | 29.6% |
| June 2020 | 23.1% | 17.8% |
| July 2020 | 19.6% | 16.8% |
| August 2020 | 15.3% | 15.8% |
| September 2020 | 10.1% | 15.1% |
| October 2020 | 8.7% | 13.8% |
| November 2020 | 8.4% | 10.7% |
| December 2020 | 7.2% | 9.3% |
| January 2021 | 6.4% | 11.1% |
| February 2021 | 18.0% | 20.1% |
| March 2021 | 20.4% | 20.6% |
| April 2021 | 20.6% | 22.9% |
| May 2021 | 15.5% | 20.2% |
| June 2021 | 15.4% | 18.8% |
| July 2021 | 12.2% | 16.7% |
| August 2021 | 11.4% | 16.1% |
| September 2021 | 10.9% | 16.1% |
| October 2021 | 12.6% | 17.2% |
| November 2021 | 13.6% | 15.3% |
| December 2021 | 14.3% | 17.8% |
| January 2022 | 13.4% | 17.0% |
| February 2022 | 12.2% | 16.9% |
| March 2022 | 14.3% | 19.3% |
| April 2022 | 12.9% | 24.8% |
| May 2022 | 15.3% | 27.5% |
| June 2022 | 14.2% | 24.6% |
| July 2022 | 15.7% | 24.8% |
| August 2022 | 14.9% | 25.8% |
| September 2022 | 15.1% | 28.9% |
| October 2022 | 22.1% | 31.9% |
| November 2022 | 12.2% | 30.8% |
| December 2022 | 9.2% | 17.9% |
| January 2023 | 8.3% | 15.9% |
| February 2023 | 8.4% | 15.5% |
| March 2023 | 10.9% | 18.3% |
| April 2023 | 13.8% | 20.4% |
| May 2023 | 12.2% | 19.4% |
| June 2023 | 9.0% | 17.5% |
| July 2023 | 7.2% | 16.6% |
| August 2023 | 8.2% | 16.8% |
| September 2023 | 7.5% | 13.2% |
| October 2023 | 5.8% | 14.0% |
| November 2023 | 7.0% | 13.9% |
| December 2023 | 5.7% | 14.8% |
| January 2024 | 4.6% | 14.9% |
| February 2024 | 7.0% | 14.1% |
| March 2024 | 5.5% | 13.0% |
| April 2024 | 5.3% | 10.6% |
| May 2024 | 3.0% | 9.4% |
| June 2024 | 5.3% | 10.4% |
| July 2024 | 3.0% | 10.2% |
| August 2024 | 4.6% | 9.6% |
| September 2024 | 4.8% | 9.6% |
| October 2024 | 4.9% | 9.4% |
| November 2024 | 5.3% | 9.1% |
| December 2024 | 4.6% | 9.6% |
| January 2025 | 4.4% | 6.9% |
| February 2025 | 3.6% | 6.8% |
| March 2025 | 3.0% | 6.5% |
| April 2025 | 4.7% | 7.7% |
| May 2025 | 4.0% | 9.8% |
| June 2025 | 1.4% | 6.9% |
| July 2025 | 1.2% | 5.5% |
| August 2025 | 3.0% | 6.1% |
| September 2025 | 2.4% | 4.8% |
| October 2025 | 5.5% | 7.8% |
| November 2025 | 3.5% | 5.7% |
| December 2025 | 2.0% | 5.9% |
| January 2026 | 5.7% | 7.5% |
| February 2026 | 7.4% | 10.9% |
| March 2026 | 2.4% | 7.6% |
| April 2026 | 1.7% | 6.0% |
| May 2026 | 3.5% | 6.1% |
| June 2026 | -0.4% | 3.5% |
| July 2026 | 0.4% | 7.7% |
| August 2026 | 3.5% | 3.4% |
See the figures
| Category | 100 oz silver bar | 10 oz silver bar |
|---|---|---|
| January 2013 | 3.3% | 7.1% |
| February 2013 | 3.4% | 11.9% |
| March 2013 | 21.1% | 6.2% |
| April 2013 | 7.6% | 6.8% |
| May 2013 | 5.6% | 11.5% |
| June 2013 | 5.6% | 8.1% |
| July 2013 | 6.6% | |
| August 2013 | 4.1% | 6.4% |
| September 2013 | 6.0% | 6.2% |
| October 2013 | 5.3% | 4.1% |
| November 2013 | 5.6% | 4.5% |
| December 2013 | 5.4% | 4.4% |
| January 2014 | 4.0% | 5.1% |
| February 2014 | 3.1% | 5.8% |
| March 2014 | 4.7% | 5.6% |
| April 2014 | 3.9% | 5.2% |
| May 2014 | 3.2% | 5.4% |
| June 2014 | 3.3% | 4.5% |
| July 2014 | 3.9% | 4.9% |
| August 2014 | 3.4% | 5.3% |
| September 2014 | 3.5% | 4.9% |
| October 2014 | 4.3% | 7.1% |
| November 2014 | 5.3% | 7.8% |
| December 2014 | 4.9% | 7.1% |
| January 2015 | 4.5% | 7.8% |
| February 2015 | 3.3% | 7.9% |
| March 2015 | 4.6% | 6.4% |
| April 2015 | 4.7% | 7.1% |
| May 2015 | 4.5% | 8.1% |
| June 2015 | 4.6% | 6.2% |
| July 2015 | 5.8% | 7.0% |
| August 2015 | 6.9% | 11.7% |
| September 2015 | 6.7% | 11.2% |
| October 2015 | 5.8% | 10.9% |
| November 2015 | 5.1% | 8.8% |
| December 2015 | 5.8% | 9.6% |
| January 2016 | 5.9% | 8.2% |
| February 2016 | 4.6% | 9.1% |
| March 2016 | 4.8% | 6.3% |
| April 2016 | 4.2% | 6.9% |
| May 2016 | 3.8% | 6.7% |
| June 2016 | 3.8% | 6.1% |
| July 2016 | 2.6% | 6.1% |
| August 2016 | 3.3% | 4.8% |
| September 2016 | 3.2% | 5.4% |
| October 2016 | 3.7% | 5.7% |
| November 2016 | 2.9% | 5.9% |
| December 2016 | 2.9% | 5.4% |
| January 2017 | 3.2% | 6.3% |
| February 2017 | 3.3% | 5.8% |
| March 2017 | 3.4% | 6.1% |
| April 2017 | 3.3% | 5.3% |
| May 2017 | 3.3% | 5.2% |
| June 2017 | 3.2% | 5.8% |
| July 2017 | 3.4% | 5.7% |
| August 2017 | 3.7% | 5.4% |
| September 2017 | 2.8% | 5.1% |
| October 2017 | 3.5% | 5.3% |
| November 2017 | 2.9% | 5.3% |
| December 2017 | 3.3% | 4.8% |
| January 2018 | 3.4% | 5.9% |
| February 2018 | 3.5% | 5.1% |
| March 2018 | 3.8% | 5.8% |
| April 2018 | 4.0% | 5.5% |
| May 2018 | 3.8% | 5.2% |
| June 2018 | 3.0% | 5.7% |
| July 2018 | 3.6% | 4.3% |
| August 2018 | 4.0% | 5.1% |
| September 2018 | 4.6% | 4.9% |
| October 2018 | 4.6% | 4.8% |
| November 2018 | 4.6% | 6.5% |
| December 2018 | 4.4% | 6.9% |
| January 2019 | 4.2% | 7.2% |
| February 2019 | 3.8% | 6.8% |
| March 2019 | 4.0% | 6.3% |
| April 2019 | 3.7% | 7.2% |
| May 2019 | 3.8% | 6.7% |
| June 2019 | 3.6% | 5.7% |
| July 2019 | 3.3% | 5.0% |
| August 2019 | 2.9% | 4.9% |
| September 2019 | 3.3% | 4.6% |
| October 2019 | 3.8% | 4.5% |
| November 2019 | 3.5% | 6.0% |
| December 2019 | 3.6% | 5.4% |
| January 2020 | 3.3% | 4.7% |
| February 2020 | 3.9% | 5.0% |
| March 2020 | 11.9% | 11.0% |
| April 2020 | 24.8% | 28.1% |
| May 2020 | 29.6% | 20.1% |
| June 2020 | 23.1% | 17.8% |
| July 2020 | 19.6% | 16.4% |
| August 2020 | 15.3% | 16.3% |
| September 2020 | 10.1% | 11.8% |
| October 2020 | 8.7% | 10.1% |
| November 2020 | 8.4% | 10.7% |
| December 2020 | 7.2% | 7.9% |
| January 2021 | 6.4% | 9.3% |
| February 2021 | 18.0% | 20.1% |
| March 2021 | 20.4% | 24.0% |
| April 2021 | 20.6% | 25.1% |
| May 2021 | 15.5% | 18.6% |
| June 2021 | 15.4% | 17.0% |
| July 2021 | 12.2% | 13.8% |
| August 2021 | 11.4% | 12.0% |
| September 2021 | 10.9% | 13.9% |
| October 2021 | 12.6% | 14.2% |
| November 2021 | 13.6% | 15.3% |
| December 2021 | 14.3% | 16.6% |
| January 2022 | 13.4% | 13.5% |
| February 2022 | 12.2% | 13.2% |
| March 2022 | 14.3% | 14.6% |
| April 2022 | 12.9% | 20.3% |
| May 2022 | 15.3% | 16.5% |
| June 2022 | 14.2% | 19.1% |
| July 2022 | 15.7% | 18.9% |
| August 2022 | 14.9% | 17.4% |
| September 2022 | 15.1% | 19.0% |
| October 2022 | 22.1% | 23.2% |
| November 2022 | 12.2% | 17.9% |
| December 2022 | 9.2% | 13.9% |
| January 2023 | 8.3% | 11.9% |
| February 2023 | 8.4% | 12.4% |
| March 2023 | 10.9% | 15.8% |
| April 2023 | 13.8% | 19.6% |
| May 2023 | 12.2% | 19.1% |
| June 2023 | 9.0% | 15.9% |
| July 2023 | 7.2% | 11.4% |
| August 2023 | 8.2% | 10.4% |
| September 2023 | 7.5% | 10.6% |
| October 2023 | 5.8% | 10.1% |
| November 2023 | 7.0% | 8.7% |
| December 2023 | 5.7% | 9.1% |
| January 2024 | 4.6% | 10.4% |
| February 2024 | 7.0% | 6.8% |
| March 2024 | 5.5% | 10.4% |
| April 2024 | 5.3% | 8.1% |
| May 2024 | 3.0% | 7.6% |
| June 2024 | 5.3% | 7.0% |
| July 2024 | 3.0% | 5.0% |
| August 2024 | 4.6% | 6.4% |
| September 2024 | 4.8% | 6.9% |
| October 2024 | 4.9% | 4.6% |
| November 2024 | 5.3% | 5.9% |
| December 2024 | 4.6% | 6.0% |
| January 2025 | 4.4% | 6.7% |
| February 2025 | 3.6% | 6.5% |
| March 2025 | 3.0% | 4.2% |
| April 2025 | 4.7% | 7.5% |
| May 2025 | 4.0% | 6.6% |
| June 2025 | 1.4% | 4.8% |
| July 2025 | 1.2% | 3.6% |
| August 2025 | 3.0% | 5.3% |
| September 2025 | 2.4% | 5.3% |
| October 2025 | 5.5% | 6.2% |
| November 2025 | 3.5% | 4.3% |
| December 2025 | 2.0% | 3.5% |
| January 2026 | 5.7% | 7.8% |
| February 2026 | 7.4% | 9.7% |
| March 2026 | 2.4% | 4.9% |
| April 2026 | 1.7% | 6.1% |
| May 2026 | 3.5% | 6.6% |
| June 2026 | -0.4% | 7.0% |
| July 2026 | 0.4% | 8.1% |
| August 2026 | 3.5% | 1.3% |
See the figures
| Category | 100 oz silver bar | 1 kilo silver bar |
|---|---|---|
| January 2013 | 3.3% | |
| February 2013 | 3.4% | |
| March 2013 | 21.1% | |
| April 2013 | 7.6% | |
| May 2013 | 5.6% | |
| June 2013 | 5.6% | |
| August 2013 | 4.1% | |
| September 2013 | 6.0% | |
| October 2013 | 5.3% | |
| November 2013 | 5.6% | |
| December 2013 | 5.4% | |
| January 2014 | 4.0% | |
| February 2014 | 3.1% | |
| March 2014 | 4.7% | |
| April 2014 | 3.9% | |
| May 2014 | 3.2% | |
| June 2014 | 3.3% | |
| July 2014 | 3.9% | |
| August 2014 | 3.4% | |
| September 2014 | 3.5% | |
| October 2014 | 4.3% | |
| November 2014 | 5.3% | |
| December 2014 | 4.9% | |
| January 2015 | 4.5% | |
| February 2015 | 3.3% | |
| March 2015 | 4.6% | |
| April 2015 | 4.7% | |
| May 2015 | 4.5% | |
| June 2015 | 4.6% | |
| July 2015 | 5.8% | |
| August 2015 | 6.9% | |
| September 2015 | 6.7% | |
| October 2015 | 5.8% | |
| November 2015 | 5.1% | |
| December 2015 | 5.8% | |
| January 2016 | 5.9% | |
| February 2016 | 4.6% | |
| March 2016 | 4.8% | |
| April 2016 | 4.2% | |
| May 2016 | 3.8% | |
| June 2016 | 3.8% | |
| July 2016 | 2.6% | |
| August 2016 | 3.3% | |
| September 2016 | 3.2% | |
| October 2016 | 3.7% | 4.3% |
| November 2016 | 2.9% | 4.3% |
| December 2016 | 2.9% | 5.3% |
| January 2017 | 3.2% | 5.4% |
| February 2017 | 3.3% | 4.5% |
| March 2017 | 3.4% | 4.9% |
| April 2017 | 3.3% | 4.6% |
| May 2017 | 3.3% | 5.1% |
| June 2017 | 3.2% | 5.1% |
| July 2017 | 3.4% | 4.9% |
| August 2017 | 3.7% | 5.2% |
| September 2017 | 2.8% | 6.3% |
| October 2017 | 3.5% | 4.9% |
| November 2017 | 2.9% | 5.6% |
| December 2017 | 3.3% | 5.6% |
| January 2018 | 3.4% | 4.9% |
| February 2018 | 3.5% | 4.8% |
| March 2018 | 3.8% | 5.0% |
| April 2018 | 4.0% | 4.4% |
| May 2018 | 3.8% | 5.1% |
| June 2018 | 3.0% | 3.9% |
| July 2018 | 3.6% | 4.3% |
| August 2018 | 4.0% | 4.2% |
| September 2018 | 4.6% | 4.7% |
| October 2018 | 4.6% | 5.3% |
| November 2018 | 4.6% | 6.3% |
| December 2018 | 4.4% | |
| January 2019 | 4.2% | 5.7% |
| February 2019 | 3.8% | 5.7% |
| March 2019 | 4.0% | 6.4% |
| April 2019 | 3.7% | 6.7% |
| May 2019 | 3.8% | 4.4% |
| June 2019 | 3.6% | 4.9% |
| July 2019 | 3.3% | 4.3% |
| August 2019 | 2.9% | 5.6% |
| September 2019 | 3.3% | 4.7% |
| October 2019 | 3.8% | 5.6% |
| November 2019 | 3.5% | 5.0% |
| December 2019 | 3.6% | 4.1% |
| January 2020 | 3.3% | 4.8% |
| February 2020 | 3.9% | 5.1% |
| March 2020 | 11.9% | 10.1% |
| April 2020 | 24.8% | 29.1% |
| May 2020 | 29.6% | 36.2% |
| June 2020 | 23.1% | 16.5% |
| July 2020 | 19.6% | 15.8% |
| August 2020 | 15.3% | 13.3% |
| September 2020 | 10.1% | 10.6% |
| October 2020 | 8.7% | 9.9% |
| November 2020 | 8.4% | 9.7% |
| December 2020 | 7.2% | 8.7% |
| January 2021 | 6.4% | 10.8% |
| February 2021 | 18.0% | 17.6% |
| March 2021 | 20.4% | 19.7% |
| April 2021 | 20.6% | 20.9% |
| May 2021 | 15.5% | 21.1% |
| June 2021 | 15.4% | 16.2% |
| July 2021 | 12.2% | 14.2% |
| August 2021 | 11.4% | 11.9% |
| September 2021 | 10.9% | 12.0% |
| October 2021 | 12.6% | 13.5% |
| November 2021 | 13.6% | 8.8% |
| December 2021 | 14.3% | 13.9% |
| January 2022 | 13.4% | 11.8% |
| February 2022 | 12.2% | 12.3% |
| March 2022 | 14.3% | 12.6% |
| April 2022 | 12.9% | 11.6% |
| May 2022 | 15.3% | 16.8% |
| June 2022 | 14.2% | 13.7% |
| July 2022 | 15.7% | 15.3% |
| August 2022 | 14.9% | 14.2% |
| September 2022 | 15.1% | 14.6% |
| October 2022 | 22.1% | 19.2% |
| November 2022 | 12.2% | 14.1% |
| December 2022 | 9.2% | 8.8% |
| January 2023 | 8.3% | 9.7% |
| February 2023 | 8.4% | 8.7% |
| March 2023 | 10.9% | 11.3% |
| April 2023 | 13.8% | 14.1% |
| May 2023 | 12.2% | 9.7% |
| June 2023 | 9.0% | 9.2% |
| July 2023 | 7.2% | 8.8% |
| August 2023 | 8.2% | 7.3% |
| September 2023 | 7.5% | 7.6% |
| October 2023 | 5.8% | 7.1% |
| November 2023 | 7.0% | 5.1% |
| December 2023 | 5.7% | 6.5% |
| January 2024 | 4.6% | 5.3% |
| February 2024 | 7.0% | 4.7% |
| March 2024 | 5.5% | 4.5% |
| April 2024 | 5.3% | 4.5% |
| May 2024 | 3.0% | 4.1% |
| June 2024 | 5.3% | 3.8% |
| July 2024 | 3.0% | 3.8% |
| August 2024 | 4.6% | 4.5% |
| September 2024 | 4.8% | 3.7% |
| October 2024 | 4.9% | 5.1% |
| November 2024 | 5.3% | 6.8% |
| December 2024 | 4.6% | 5.4% |
| January 2025 | 4.4% | 7.2% |
| February 2025 | 3.6% | 4.4% |
| March 2025 | 3.0% | 4.6% |
| April 2025 | 4.7% | 6.2% |
| May 2025 | 4.0% | 6.6% |
| June 2025 | 1.4% | 3.2% |
| July 2025 | 1.2% | 2.7% |
| August 2025 | 3.0% | 3.7% |
| September 2025 | 2.4% | 2.9% |
| October 2025 | 5.5% | 5.4% |
| November 2025 | 3.5% | 5.7% |
| December 2025 | 2.0% | 3.7% |
| January 2026 | 5.7% | 6.0% |
| February 2026 | 7.4% | 9.0% |
| March 2026 | 2.4% | 5.1% |
| April 2026 | 1.7% | 6.0% |
| May 2026 | 3.5% | 1.1% |
| June 2026 | -0.4% | 1.8% |
| July 2026 | 0.4% | 7.6% |
| August 2026 | 3.5% | 0.9% |
Based on SD Bullion transaction data. Figures before March 2019 are historical estimates.
Some months of this series were revised at the latest publish. See Revisions
Look up a month
- The month's premium
- 3.3%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.4%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 21.1%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 7.6%
- 2013 range
- 5.4%-7.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.6%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.6%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.1%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 6.0%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.3%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.6%
- 2013 range
- 5.4%-7.6%
Very few sales this month: it is left out of the averages and the high.
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.4%
- 2013 range
- 5.4%-7.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.0%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.1%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.7%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.9%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.2%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.9%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.4%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.5%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.3%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.3%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.9%
- 2014 range
- 3.1%-5.3%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.5%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.7%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.5%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.8%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 6.9%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 6.7%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.8%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.1%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.8%
- 2015 range
- 3.3%-6.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 5.9%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.8%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.2%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.8%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.8%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 2.6%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.2%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.7%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 2.9%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 2.9%
- 2016 range
- 2.6%-5.9%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.2%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.4%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.2%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.4%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.7%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 2.8%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.5%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 2.9%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.3%
- 2017 range
- 2.8%-3.7%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.4%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.5%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.8%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.0%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.8%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.0%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.6%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.0%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.6%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.4%
- 2018 range
- 3.0%-4.6%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.2%
- 2019 range
- 2.9%-4.2%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 3.8%
- 2019 range
- 2.9%-4.2%
Percent only for this month: the dollar figure is not published for the estimated years.
- The month's premium
- 4.0% · $0.61/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.7% · $0.56/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.8% · $0.55/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.6% · $0.55/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.3% · $0.53/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 2.9% · $0.51/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.3% · $0.60/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.8% · $0.67/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.5% · $0.60/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.6% · $0.61/oz
- 2019 range
- 2.9%-4.2%
- The month's premium
- 3.3% · $0.60/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 3.9% · $0.69/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 11.9% · $1.78/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 24.8% · $3.78/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 29.6% · $4.78/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 23.1% · $4.11/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 19.6% · $4.16/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 15.3% · $4.07/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 10.1% · $2.60/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 8.7% · $2.11/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 8.4% · $2.01/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 7.2% · $1.85/oz
- 2020 range
- 3.3%-29.6%
- The month's premium
- 6.4% · $1.68/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 18.0% · $4.95/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 20.4% · $5.22/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 20.6% · $5.34/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 15.5% · $4.25/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 15.4% · $4.19/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 12.2% · $3.11/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 11.4% · $2.73/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 10.9% · $2.51/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 12.6% · $2.97/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 13.6% · $3.32/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 14.3% · $3.23/oz
- 2021 range
- 6.4%-20.6%
- The month's premium
- 13.4% · $3.10/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 12.2% · $2.90/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 14.3% · $3.67/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 12.9% · $3.16/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 15.3% · $3.38/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 14.2% · $3.08/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 15.7% · $3.04/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 14.9% · $2.91/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 15.1% · $2.87/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 22.1% · $4.30/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 12.2% · $2.61/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 9.2% · $2.16/oz
- 2022 range
- 9.2%-22.1%
- The month's premium
- 8.3% · $1.98/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 8.4% · $1.86/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 10.9% · $2.41/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 13.8% · $3.49/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 12.2% · $3.00/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 9.0% · $2.12/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 7.2% · $1.76/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 8.2% · $1.91/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 7.5% · $1.72/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 5.8% · $1.29/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 7.0% · $1.65/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 5.7% · $1.38/oz
- 2023 range
- 5.7%-13.8%
- The month's premium
- 4.6% · $1.06/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 7.0% · $1.59/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 5.5% · $1.34/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 5.3% · $1.45/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 3.0% · $0.91/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 5.3% · $1.59/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 3.0% · $0.88/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 4.6% · $1.30/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 4.8% · $1.46/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 4.9% · $1.63/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 5.3% · $1.66/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 4.6% · $1.38/oz
- 2024 range
- 3.0%-7.0%
- The month's premium
- 4.4% · $1.33/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 3.6% · $1.16/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 3.0% · $1.00/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 4.7% · $1.48/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 4.0% · $1.30/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 1.4% · $0.51/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 1.2% · $0.43/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 3.0% · $1.14/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 2.4% · $1.05/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 5.5% · $2.77/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 3.5% · $1.88/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 2.0% · $1.38/oz
- 2025 range
- 1.2%-5.5%
- The month's premium
- 5.7% · $5.45/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 7.4% · $6.07/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 2.4% · $1.90/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 1.7% · $1.34/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 3.5% · $2.76/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- -0.4% · -$0.24/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 0.4% · $0.26/oz
- 2026 range
- -0.4%-7.4%
- The month's premium
- 3.5% · $2.25/oz
- 2026 range
- -0.4%-7.4%
What moves this premium
The large-format retail bar, .999 fine from LBMA-listed and other recognised refiners. In most months its per-ounce premium is among the lowest of any retail silver product; in normal markets it reads as the cost of fabrication and shipping alone. The benchmark is a size class: standard 100 oz bars of every refiner, cast or minted; themed and collector designs and graded pieces are left out where they can be identified.
What miners pay to produce an ounce is the other half of the picture: see what the tracked producers spend against the metal price.Miner margins
About the 100 oz silver bar
- Manufacturer
- Various private and government refiners
- Product type
- Bullion bar
- Silver content
- 100 troy oz
- Fineness
- .999, typically
- Legal tender
- No
- Face value
- None
- Form
- Cast or minted, varies by refiner
Premium benchmark: standard 100 oz silver bars of every refiner, cast and minted; themed and collector designs and graded pieces are left out where they can be identified.
Questions buyers ask
Why is the 100 oz silver bar premium so low?
Fabrication is spread over a hundred ounces and the bar is plain, so there is little in the premium beyond making the bar and moving it. In most months the large bars carry the lowest premiums of any retail silver product in this index.
What moves the 100 oz silver bar premium?
A 100 oz bar sits close to a wholesale unit, so its premium tends to stay quiet while coin premiums swing. The physical squeezes of recent years are the exception: even plain large bars widened out.
Is a 100 oz silver bar harder to sell than smaller silver?
It is one large unit, so the pool of buyers for a single piece is smaller and a seller cannot part with half of it. Dealers have normally bid readily for recognised large bars because the trade uses them, but a holder who needs to raise part of a position has to move the whole bar. That is the trade-off that comes with the lower premium.
How to read this page
The Retail Premium Index publishes the average premium paid on retail orders at SD Bullion, month by month, for each benchmark bullion product. A premium is what a buyer pays above the metal value of the piece, as a share of that value; a dollar figure is shown only where the record carries it. It includes the mint's and the distributor's charges as well as the dealer's, so it is not a measure of dealer margin.
A premium can also be negative: when the metal price moves very fast, some products have sold for less than the metal in them, and the series shows that as it happened.
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.
Market commentary.
- If Bonds Break 7%, Gold Likely Begins RACING HIGHER! -Stewart Thomson
- Silver Mania Still Ahead! -Peter Krauth
- Peter Schiff Issues Bond Market Warning: The Vigilantes Are Here!
- GERALD CELENTE WARNS “THE CRASH IS COMING”!
- Jim Rickards Reveals CHINA’S HIDDEN GOLD
- “THIS COULD CRASH THE MARKET!”: BONDS ARE SUDDENLY THREATENING STOCKS! - Larry McDonald
- Are Bond Yields About to COLLAPSE!?
- FT Goes Sweet on Miners!?
- Kevin Warsh Takes Aim at the Fed’s Economic Orthodoxy
- Don Durrett is NOT Taking Profits on Gold & Silver Stocks Yet!