Pursuits
U.S. Silver-Coin Premium Jumps to 12-Month High, Integrated Says
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The premium for U.S. silver coins over spot metal is at the highest in more than a year after the nation’s Mint suspended sales, said Frank McGhee, the head dealer at Integrated Brokerage Services LLC.
For 2015 1-ounce coins, wholesalers this week are charging 22 percent above the price of silver for immediate delivery, compared with about 13 percent earlier this month, according to McGhee, who has been a precious-metals trader for more than 30 years.