Live Silver Spot Price & Historic Silver Price Chart
(in GBP, EUR, USD & CHF currencies)
View the live silver spot price and historic silver price charts using institutional-grade market data in British Pounds (£GBP), Euros (€EUR), US Dollars ($USD) and Swiss Francs (₣CHF).
Silver Price FAQs
The price of silver is dynamic and liquidity is high. A globally recognised benchmark price is set once each business day through the LBMA Silver Price auction, which establishes a reference price for valuation and settlement.
Alongside this benchmark, live silver prices are formed continuously through real-time trading on global markets, meaning the price moves throughout the day as transactions occur. The actual price a buyer or seller sees depends on market spreads, higher volatility, hedging, vaulting, potential VAT on delivery, and operational costs, with prices closest to institutional trading venues typically offering the tightest spreads.
Silver prices are primarily influenced by industrial demand, economic growth, inflation expectations, currency movements, and investor demand.
What is the live silver price?
The live silver price is the continuously updating market price formed through real-time trading on global precious-metals markets.
How is the silver price set each day?
The benchmark silver price is set once each business day through the LBMA Silver Price auction, which provides a reference price for valuation and settlement.
What is the LBMA silver price?
The LBMA Silver Price is the main global benchmark for silver, set once daily in London through an electronic auction and used for valuation and settlement.
Is the live silver price different from the LBMA price?
Yes. The benchmark is set once daily, while the live silver price moves continuously throughout the trading day.
Why is silver more volatile than gold?
Silver has a smaller market and strong industrial demand, which makes its price more sensitive to changes in economic conditions.
Why does the silver price change throughout the day?
Silver is actively traded worldwide, so prices move as buyers and sellers respond to economic data, currency movements, and industrial demand.
Why is the silver price shown in GBP different from USD?
Silver is priced globally in US dollars and converted into GBP using live foreign-exchange rates, so currency movements affect the UK price.
Why is my silver buy price higher than the spot price?
The buy price reflects market spreads, higher volatility, hedging, vaulting, potential VAT on delivery, and operational costs.
Is the silver price the same worldwide?
The underlying silver price is global, but the local price varies due to currency exchange rates, VAT, and dealer spreads.
Is silver subject to VAT in the UK?
Silver is subject to 20% VAT if it is delivered into the UK, but no VAT is charged while it is held in bonded warehouse or tax-warehouse storage. VAT only becomes payable if the metal is withdrawn into free circulation.
What is the live silver price in GBP?
The live silver price in GBP shows the real-time market value of silver converted into pounds sterling using live FX rates.
Where does the UK live silver price come from?
The live silver price in GBP shows the real-time market value of silver converted into pounds sterling using live FX rates.