What Drives Silver Prices?
Silver prices are influenced by global supply and demand, industrial usage in electronics and solar panels, investment demand, inflation expectations, US dollar strength, and central bank monetary policies.
Welcome to Silver Price Today UK, the most comprehensive free resource for tracking the live silver spot price in British pounds. Whether you are an experienced precious metal investor monitoring daily fluctuations or a newcomer researching your first silver purchase, our interactive tools provide everything you need in one place. The silver market operates nearly around the clock on global commodity exchanges, and the price you see above reflects the latest available quote from Yahoo Finance, converted to GBP using the real-time exchange rate.
Silver holds a unique position among commodities: it is both an industrial metal essential to modern technology and a time-tested store of value. In February 2026, demand from solar panel manufacturing, electronics, and electric vehicle production continues to underpin prices, while macroeconomic uncertainty drives investment interest. Use our interactive chart, unit price table, and weight converter below to stay fully informed about the UK silver market.
Silver Price Chart
Silver Price Per Unit
| Unit | Price (GBP) | Price (USD) |
|---|---|---|
| Per Troy Ounce | — | — |
| Per Gram | — | — |
| Per Kilogram | — | — |
Silver Price Converter
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Understanding Silver Prices
Silver as an Investment
Silver serves as both an industrial commodity and a store of value. It is often considered a hedge against inflation and currency devaluation. In the UK, physical silver is subject to 20% VAT, unlike gold bullion which is VAT-exempt.
Silver Price in the UK
Silver is traded internationally in US dollars per troy ounce. The price in British pounds depends on the GBP/USD exchange rate. A weakening pound makes silver more expensive for UK buyers even if the dollar price stays flat.
Industrial Demand
Over 50% of silver demand comes from industrial applications. Silver is critical for electronics, solar photovoltaic cells, medical instruments, and water purification. Growing renewable energy adoption is increasing industrial silver demand.
Troy Ounce vs Regular Ounce
Precious metals are measured in troy ounces (31.1035g), not standard avoirdupois ounces (28.35g). A troy ounce is about 10% heavier. When you see "per ounce" for silver, it always means troy ounce.
February 2026 Market Context
Silver prices in early 2026 reflect ongoing global economic shifts, central bank rate decisions, and sustained industrial demand from the renewable energy sector. The gold-to-silver ratio remains a key indicator watched by investors.
User Guide & Frequently Asked Questions
How to use this silver price tracker: The live price banner at the top of this page shows the current silver spot price in both GBP and USD, refreshed automatically every five minutes. Use the interactive chart to analyse historical trends over periods from 7 days to 12 months, and toggle between pounds and dollars. The unit price table breaks down the cost per troy ounce, gram, and kilogram, while the converter lets you calculate the value of any weight of silver instantly. All data is sourced from Yahoo Finance commodity futures (SI=F) and converted using the live GBP/USD exchange rate.
For deeper insight into the silver market, explore our blog where we publish regular articles on silver investment strategies, tax implications for UK buyers, and market analysis. Below you will find answers to the most common questions about silver prices and investing in the United Kingdom.
The silver price is updated every 5 minutes on this page. Silver is traded globally in US dollars per troy ounce, and we convert it to GBP using the latest exchange rate. Check the price banner at the top of this page for the live price in both GBP and USD. You can also view the price per gram and per kilogram in our unit price table.
Silver prices are influenced by several factors: supply and demand dynamics, industrial usage (electronics, solar panels, medical devices), investment demand (ETFs, physical bullion), currency fluctuations (especially the US dollar), inflation rates, central bank monetary policies, geopolitical events, and global mining output. The gold-to-silver ratio is also closely watched by traders. Read our in-depth guide to the gold-to-silver ratio to learn more.
A troy ounce weighs approximately 31.1035 grams, while a regular (avoirdupois) ounce weighs approximately 28.35 grams. This means a troy ounce is roughly 10% heavier. All precious metals, including silver and gold, are measured and traded in troy ounces worldwide.
Yes, physical silver bullion (bars and coins) is subject to 20% VAT in the United Kingdom. This is unlike gold bullion, which is VAT-exempt when purchased as investment-grade gold. Some investors choose silver ETFs or allocated storage schemes to avoid paying VAT on physical silver. For a full breakdown, see our guide to silver VAT in the UK.
The live silver price on this page is refreshed automatically every 5 minutes via our server-side connection to Yahoo Finance market data. Historical chart data is updated daily via an automated process. Silver trades nearly 24 hours a day on global commodity exchanges from Sunday evening to Friday afternoon (UK time).
Common ways to buy silver in the UK include purchasing physical bullion (bars and coins) from reputable dealers, investing through silver ETFs on the London Stock Exchange, buying shares in silver mining companies, or using allocated storage services. Each method has different costs, risks, and tax implications. Physical silver is subject to 20% VAT, while ETFs and mining shares are not. Read our complete guide to buying silver in the UK for step-by-step advice.
Disclaimer: The information provided on silver-price-today.co.uk is for informational purposes only and does not constitute financial advice. Silver prices are sourced from Yahoo Finance and may be delayed. Always consult a qualified financial adviser before making investment decisions. Past performance is not indicative of future results.
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