Selling silver via GoldRepublic

Have you purchased silver through GoldRepublic? Then you can sell it back to us at any time.

There are various reasons why you might want to do this. Perhaps you want to take profit after a rise in the price of silver. Or you expect the price to fall in the short term and you choose to create temporary liquidity. It may also be that you want to change the composition of your portfolio and switch between different precious metals.

Whatever your reason, at GoldRepublic you always benefit from a buy-back guarantee on the silver you have purchased through us.

Always a buyback guarantee on silver purchased through GoldRepublic

Sell directly at the current international silver price

No hidden costs: you know exactly how much you will receive in advance

Open your free account

How does selling silver to GoldRepublic work?

Selling silver at GoldRepublic is easy and completely transparent. Thanks to our buyback guarantee, you can always sell the silver you purchased from us at the current silver market price.

Step 01

Step 02

Select the amount of gold you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

After the transaction, you can deposit the amount into your account.

Different types of orders.

When you sell silver through GoldRepublic, you have the option to place different types of orders.

Market order: With a market order, you sell your silver immediately at the current market price. This means that the transaction is executed immediately at the best available price at that moment. This is the fastest and most direct way to sell your silver.
Limit order: With a limit order, you determine the minimum price at which you want to sell. The order will only be executed once the silver price reaches or exceeds the limit you have entered. This allows you to remain in control, but it may mean that your order will not be executed immediately if the silver market price does not meet your conditions.
Amount-based order: You can choose to set a sell order for a specific amount of money. In that case, the platform automatically calculates how much silver needs to be sold at that moment to achieve the specified amount, based on the current silver price.
Order based on bar volume: It is also possible to place an order based on a specific volume of silver, for example a number of kilograms or specific silver bars. This is particularly useful if you want to sell a specific part of your silver position, regardless of the proceeds.

Costs of selling silver

Are you selling your silver back to GoldRepublic? Then you will receive the current silver bid price for it. The bid price is slightly lower than the current market price.

You also pay 1% transaction costs on your sold silver. This amount is automatically deducted and the remaining amount is paid into your GoldRepublic account. You can then (or later) reinvest this in another precious metal via GoldRepublic or simply transfer it back to your bank account.

What people say about us.

How is the selling price of silver determined?

The selling price of silver at GoldRepublic continuously follows the international silver markets. This price fluctuates constantly under the influence of supply and demand. We use completely transparent pricing, so you always receive a fair price.

However, as with gold, there is a difference between the purchase and selling price of silver (bid and ask price).

This difference is called the spread and is caused by the margin applied by suppliers and providers and the market dynamics of supply and demand.

That is why you receive slightly less than the current price when you sell and pay slightly more when you buy.

Have you purchased gold and/or platinum through GoldRepublic in addition to gold? The buyback guarantee also applies to the sale of gold and platinum, provided that you purchased these precious metals through GoldRepublic.

Frequently asked questions

What is the difference between platinum and palladium?

Both are precious metals from the Platinum Group Metals (PGM) and are used for automotive and industrial catalysts. Platinum has a higher density, is rare and has a wider range of applications, including jewellery and medical instruments. Palladium is subject to greater price volatility due to more erratic global production.

How scarce is platinum?

Approximately 180 tonnes of platinum are mined worldwide each year, compared to over 3,500 tonnes of gold and 25,000 tonnes of silver. Platinum reserves are highly concentrated in South Africa and Russia, which creates supply risks.

How does the buy-back guarantee work for platinum?

You can easily sell your platinum back to GoldRepublic via your account at the current platinum price. The settlement is fast, transparent and without hidden costs.

Is platinum exempt from VAT?

Normally, you pay 21% VAT on the purchase of platinum. However, because your platinum is stored in Switzerland via GoldRepublic, you do not pay VAT on your platinum purchase.