How Are Silver And Gold Bullion Premiums Calculated? [INFOGRAPHIC]

The price paid for each ounce of bullion is composed of the metal’s spot price and the bullion premium.

Here’s the price composition of some common rounds:

• Silver Eagle: 80% spot price / 20% bullion premium
• Silver Canadian Maple Leaf: 84% spot price / 16% bullion premium
• Gold Eagle: 96% spot price / 4% bullion premium

How are these bullion premiums determined? How can bullion buyers take advantage of the lowest possible premiums?

H/T Visual Capitalist

How Are Silver And Gold Bullion Premiums Calculated?

Infograpahic source: JM Bullion