Silver Price History UK
Today's and Yesterday's Silver Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-09-10 | 46.9968 (-2.63) | 1.51 (-0.09) |
| 2026-09-09 | 49.623 (+1.21) | 1.6 (+0.04) |
Past 10 Days Silver Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-09-10 | 46.9968 (-2.63) | 1.51 (-0.09) |
| 2026-09-09 | 49.623 (+1.21) | 1.6 (+0.04) |
| 2026-09-08 | 48.4134 (-0.51) | 1.56 (-0.01) |
| 2026-09-07 | 48.9192 (-0.06) | 1.57 (0.00) |
| 2026-09-06 | 48.9792 (+0.04) | 1.57 (0.00) |
| 2026-09-05 | 48.937 (0.00) | 1.57 (0.00) |
| 2026-09-04 | 48.937 (-0.51) | 1.57 (-0.02) |
| 2026-09-03 | 49.4471 (+0.99) | 1.59 (+0.03) |
| 2026-09-02 | 48.4544 (+1.03) | 1.56 (+0.04) |
| 2026-09-01 | 47.4277 (-1.63) | 1.52 (-0.06) |
Last 30 Days Silver Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-09-10 | 46.9968 (-2.63) | 1.51 (-0.09) |
| 2026-09-09 | 49.623 (+1.21) | 1.6 (+0.04) |
| 2026-09-08 | 48.4134 (-0.51) | 1.56 (-0.01) |
| 2026-09-07 | 48.9192 (-0.06) | 1.57 (0.00) |
| 2026-09-06 | 48.9792 (+0.04) | 1.57 (0.00) |
| 2026-09-05 | 48.937 (0.00) | 1.57 (0.00) |
| 2026-09-04 | 48.937 (-0.51) | 1.57 (-0.02) |
| 2026-09-03 | 49.4471 (+0.99) | 1.59 (+0.03) |
| 2026-09-02 | 48.4544 (+1.03) | 1.56 (+0.04) |
| 2026-09-01 | 47.4277 (-1.63) | 1.52 (-0.06) |
| 2026-08-31 | 49.0542 (-0.16) | 1.58 (0.00) |
| 2026-08-30 | 49.216 (+0.21) | 1.58 (0.00) |
| 2026-08-29 | 49.006 (0.00) | 1.58 (0.00) |
| 2026-08-28 | 49.006 (-1.99) | 1.58 (-0.06) |
| 2026-08-27 | 50.9917 (+0.46) | 1.64 (+0.02) |
| 2026-08-26 | 50.5318 (-0.01) | 1.62 (-0.01) |
| 2026-08-25 | 50.5448 (-0.19) | 1.63 (0.00) |
| 2026-08-24 | 50.7367 (+0.24) | 1.63 (+0.01) |
| 2026-08-23 | 50.4968 (-0.04) | 1.62 (0.00) |
| 2026-08-22 | 50.533 (0.00) | 1.62 (0.00) |
| 2026-08-21 | 50.533 (+0.45) | 1.62 (+0.01) |
| 2026-08-20 | 50.0869 (+0.89) | 1.61 (+0.03) |
| 2026-08-19 | 49.2012 (+2.49) | 1.58 (+0.08) |
| 2026-08-18 | 46.716 (-1.75) | 1.5 (-0.06) |
| 2026-08-17 | 48.4704 (+0.39) | 1.56 (+0.01) |
| 2026-08-16 | 48.0845 (+0.29) | 1.55 (+0.01) |
| 2026-08-15 | 47.795 (0.00) | 1.54 (0.00) |
| 2026-08-14 | 47.795 (+0.07) | 1.54 (+0.01) |
| 2026-08-13 | 47.7276 (-0.5) | 1.53 (-0.02) |
| 2026-08-12 | 48.2234 (+0.28) | 1.55 (+0.01) |
Note: Some dates may be missing due to market closures or other anomalies.
Last 3 Months Silver Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Last 6 Months Silver Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
1 Year Silver Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Overview of Silver Price Trends
Silver prices change over the years. Sometimes they rise slowly, and sometimes they rise quickly. Other times, they drop without warning. Many people follow these changes to understand how silver behaves over time. Collectors look at past silver prices to estimate the value of old coins. Investors study long-term silver price history to spot patterns and plan.
For example, between 2004 and 2011, the price of silver in the UK rose from around £3 to nearly £30 per ounce. This shows the change in the price of silver through the years.
Historical Price Milestones
1980 Peak: In early 1980, silver prices reached a record high in the UK, following a global surge driven by heavy silver buying in the United States. The price rose from around £3 to nearly £24 per ounce. This rapid rise was linked to the Hunt brothers buying large amounts of silver, which created a global shortage. Soon after, changes in trading rules led to a fast sell-off, causing silver prices to crash. This event became known as “Silver Thursday” and caused a sharp fall in value within days.
2011 Surge: In 2011, silver prices in the UK climbed again due to worries about government debt and inflation. Many investors turned to silver as a safer choice. By April 2011, the price reached close to £30 per ounce. Although it dropped afterwards, the price stayed well above the levels seen in the years before the surge.
Recent Trends: Over the last few years, silver prices in the UK have gone through ups and downs. In 2020, the price dipped during the early stages of the pandemic, then quickly recovered. Since then, silver has mostly traded between £16 and £22 per ounce. By the end of 2024, it remained steady, often sitting in the mid to high £20s depending on market conditions.
Factors Influencing Silver Prices
Economic Indicators: Silver prices often change based on the overall state of the economy. When inflation is high or people worry about the economy, more investors buy silver to protect their money. This usually pushes prices up. On the other hand, when interest rates go up, people often choose savings or bonds instead, which can lower silver prices. A strong United States dollar can also bring silver prices down, since it takes fewer dollars to buy the same amount of silver.
Industrial Demand: Many industries use silver in their products. It is important in electronics and solar panels. For example, silver helps in making circuit boards and solar cells. When factories need more silver for these items, demand goes up and prices usually rise.
Market Speculation: Silver prices can also change because of investor behaviour. The silver market is smaller than the gold market, so a few big trades can cause quick changes. If investors feel nervous or excited, they might buy or sell large amounts fast, which can make prices jump or drop even if nothing else has changed.
FAQs
What was the highest recorded silver price in the UK?
The highest recorded silver price in the UK was in 2011, when it reached around £30 per ounce. This spike happened during a period of global economic concern, especially around government debt and inflation, which led many investors to move towards precious metals like silver.
What factors contribute to silver price fluctuations?
Silver prices rise and fall due to several reasons. These include inflation, interest rates, and the strength of the US dollar. Industrial demand also plays a big role, especially from the electronics and solar industries. Investor behaviour and large trades in the market can also cause quick price changes.
How does silver compare to gold as an investment?
Silver and gold both offer value during uncertain times, but they behave differently. Silver is more affordable and widely used in industries, which adds to its demand. However, it is also more volatile than gold. Gold is often more stable and is considered a long-term store of value, while silver may offer more short-term movement and opportunities.
Where can I find reliable silver buyers?
You can find reliable silver buyers by visiting local jewellery shops, coin dealers, and bullion specialists. Many trusted online platforms also buy silver and provide current rates. Always check reviews, compare offers, and make sure the buyer is reputable before selling your silver.
Is silver a good investment during economic uncertainty?
Yes, silver is often viewed as a good investment when the economy is unstable. It tends to hold its value well during times of inflation, market drops, or currency weakness. Because it is used in many industries, silver also benefits from long-term demand, making it a useful asset in a mixed investment portfolio.