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| Money Metals News Alert | September 8, 2025 – Metals prices moved higher last week, closing above key overhead resistance. Gold finished the week at a new all-time high of $3,586/oz, finally breaking out of the range where it had been capped at just under $3,500/oz.
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Silver broke past $40/oz and the charts don't show much resistance now until it approaches $50.
Activity picked up in the retail bullion markets with an increase in both buyers and sellers. The markets may be moving out of the summer doldrums. A weak employment report published Friday will add pressure for the Fed to resume rate cuts later this month.
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The S&P 500 ended the week essentially flat. The same is true for the Dollar Index, with the DXY ending up at 97.74 -- the lowest levels since early 2022. Bond prices rose with the yield on the 10-year Treasury finishing at 4.077%.
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 | Gold : Silver Ratio (as of Friday's closing prices) – 87.3 to 1 | | |
| 90% U.S. Coins: The Best Way to Buy Silver Right Now | | | |
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Bid and ask premiums for 90% silver U.S. coins are perhaps the most volatile of any among retail bullion products. At the recent peak of retail buying demand in 2023, ask premiums for these older, circulated dimes, quarters and half dollars went north of $15/oz over spot.
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Today, dealer inventories are overflowing, and those ask premiums are south of $1/oz.
For people planning to buy silver, those coins are worth a look. There are few good reasons to own some 90% silver, sometimes referred to as "junk" silver, or pre-1965 silver.
The best reason is the simplest. These coins are the cheapest way to buy silver at the moment. Investors can hardly go wrong buying at the lowest possible price per ounce.
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Another reason is that low premiums present an interesting opportunity to speculate on the premiums in addition to the metal itself. If and when there is another big surge in buying demand for these coins, premiums will invariably be higher.
Some savvy investors took advantage when premiums were sky high 2022 and 2023.
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They sold the 90% silver coins for as much as $9/oz in bid premium. They turned around and bought lower premium silver such as 100 oz or 1000 oz bars – increasing the number of ounces in their holding.
Silver dimes, quarters, and half-dollars might also help investors mitigate the risk of a correction in silver prices. Right now premiums are low because surging silver prices have resulted in more selling than buying. If there is a correction in the price, we are likely to see that trend reverse.
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The premiums on 90% silver are traditionally the quickest to bounce when demand outstrips supply. The silver price rose and fell during the COVID years. Rising premiums offset some or all of the drops in the metal's price during that time period.
It's also worth considering that the supply of 90% silver U.S. coins only shrinks over time. The U.S. Mint made the last of those coins 1964.
In recent months, these coins have been shipped to refiners to be melted. The silver can be converted into 1000 oz bars and sold at a profit.
The shrinking stock of these coins means there is an upward pressure on premiums over time – particularly when silver buying demand is strong.
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These coins will always be popular when people are buying silver. They are official, government-issue and that inspires trust. And they come in small units, which appeals to buyers who want something suitable for barter in their stash.
A silver dime, for example, is worth a little over $3. That could be the right size to trade for a gallon of milk or a loaf of bread, should the paper dollar collapse.
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Investors just need to know that 90% coins are often not beautiful. Many of the coins in a bag will be quite worn and others may be tarnished. Most other coins, rounds and bars will look like newly minted silver. The aesthetics of 90% coins are how they earned the moniker "junk" silver.
But for most people, the silver they buy is going into their safe. They aren't collectors, and they aren't planning to put the coins on display. These folks will likely be quite happy they decided to buy 90% silver when premiums were so low. | | |
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| This week's Market Update was authored by Money Metals Director Clint Siegner. | | |
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| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading "exchange" as defined by the CFTC and the SEC. | | |
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