Current silver price

View the current and historical silver price here. The silver price is updated in real time and shows you the most current price of silver.

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How is the current silver price determined?

The current silver price, like the gold price, is determined by supply and demand. When demand for silver rises in combination with limited supply, the silver price increases. If demand falls or supply increases significantly, the price comes under pressure.

An important difference with gold is that, in addition to its role as a precious metal, silver also has many industrial applications, such as in electronics, solar panels, medical instruments and batteries. This makes the silver price more sensitive to developments in the global economy and industrial demand.

In addition, exchange rate fluctuations between the US dollar and the euro play a role, as silver, like gold, is usually traded in dollars. Factors such as inflation, geopolitical tensions and the interest rate policy of central banks also influence the silver price.

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What is the historical price of silver?

The historical price of silver shows that silver can fluctuate greatly in value over the years. Silver is often referred to as the 'volatile brother of gold': in times of economic uncertainty, its price often rises in line with gold, but usually by a greater percentage.

Around 1995, silver was worth approximately £0.13 per gram, and now the price of silver is around £1.22 per gram. That represents an increase of more than 600%.

The silver price saw notable peaks in 1980 (due to the "Silver Squeeze")[1] , after the credit crisis in 2011 and again in 2020 (during the coronavirus pandemic). Since then, the price of silver has been clearly on the rise, partly due to growing demand for silver for industrial applications and a physical silver shortage.

In 2025, the price of silver reached record levels once again, with the price per kilogram exceeding £1,450 for the first time.

Period

Annual return on silver

Last 30 years

12-13% per year

Last 20 years

9% per year

Last 10 years

10-11% per year

Although silver increases in value in the long term, the fluctuations are greater than with gold. This makes silver interesting for investors who benefit from price movements, but at the same time more risky in the short term.

What is the outlook for the price of silver?

Analysts expect the price of silver to rise further in 2025 and 2026 due to a combination of increasing industrial demand (especially in the production of solar panels and electric vehicles) and economic uncertainties.

In October 2025, the price of silver peaked at over approximately £1,450 per kilogramme of silver. This means that the price of silver in 2025 had already risen by almost 50% compared to the beginning of this year.

‍According to the World Silver Institute and banks such as UBS and Goldman Sachs, the outlook is positive. The global energy transition in particular is creating additional demand for silver. How the silver price will develop further in 2025 and 2026 depends heavily on factors such as: inflation trendscentral bank interest ratesindustrial growth in Asiageopolitical stabilityAs a result, silver is increasingly regarded as a combination of a stable precious metal investment and a strategic raw material for industry.

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Frequently asked questions

Is buying gold a wise choice?

Buying gold can be a wise choice, especially in times of economic uncertainty or inflation. Historically, gold has retained its value well and offers protection against declining currency purchasing power. In addition, physical gold is a tangible asset that you can keep outside the financial system...

What should I look out for when buying physical gold?

At GoldRepublic, you can buy whole gold bars or become a co-owner of a bar. If you become a co-owner, you pay NO bar reservation fees and you may be allocated anew bar every day. Legally, this makes no difference. You are still the(co-)owner of physical gold. The gold is delivered to you. You still know which bar you own (based on the bar number). Only in the event that, due to extreme circumstances, GoldRepublic is no longer able to provide its services, will you have to agree with the co-owners on what to do with the bar (sell or melt it down). If you reserve your own bar, this is not the case.

Are gold bars exempt from VAT?

Yes, investment gold is exempt from VAT in the United Kingdom and throughout the European Union. This exemption applies to gold bars with a purity of at least99.5% (24 carats). All gold bars you purchase through GoldRepublic must meet these conditions and are therefore exempt from VAT.

Do I have to declare gold as an asset to the tax authorities?

In the Netherlands, you must declare physical gold that you own as assets in box 3 of your tax return. The reference date used for this is 1 January of the tax year for which you are filing your return. This means you declare the value of your gold on 1 January, based on the gold price on that day. However, always check with your tax adviser to see what applies to your personal situation.

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