Seriously, what are you guys paying in custodian fees for your physical silver IRAs? Mine feel high.

• •I also had to pay an initial setup fee of $50, which wasn't a huge deal, but still.
• •I've been seeing some ads lately claiming much lower custodian fees, like $195 or even $150 sometimes, and it's making me scratch my head.
• •Are those marketing fluff, or are some of you actually getting rates like that?

Okay, so I've been with my current Gold IRA custodian for a few years now, and while I haven't had any real issues, I'm starting to wonder if I'm getting fleeced on the annual custodian fees. My account is holding mostly 100oz silver bars right now, probably sitting around $300k-$320k depending on the day, and my annual fee is something like $275. I also had to pay an initial setup fee of $50, which wasn't a huge deal, but still.

My financial advisor, who I trust with my life (and my money here in SLC), initially recommended them because of their excellent storage facilities and reputation. He’s usually pretty good about getting me solid rates, and I know gold/silver IRAs have higher admin costs than a regular brokerage account, but still. I've been seeing some ads lately claiming much lower custodian fees, like $195 or even $150 sometimes, and it's making me scratch my head. Are those marketing fluff, or are some of you actually getting rates like that?

I guess I'm trying to gauge if it's worth the hassle of potentially moving my account for a savings of, say, $100 a year. On a $300k account, that's not a huge percentage, but over 10-15 years, it adds up. Plus, the thought of moving physical silver just feels like a major headache. Anyone gone through the process of switching custodians? Was it a nightmare or relatively smooth? What are your annual custodian fees looking like for similar account sizes and silver bar holdings? Any recommendations for custodians with competitive fees and a solid reputation? I definitely don't want to compromise on the security of my holdings just to save a few bucks.