Silver prices in the UK: compare bullion dealers

Today a troy ounce of silver costs £40.55 at the spot price. A 1 oz Silver Britannia starts at £42.50 at Gold.co.uk. A 1 kg bar starts at £1,605.00 at Gold.co.uk. Updated 29 Oct 2026, 01:19 GMT.

Live prices for silver bars and coins at 7 UK bullion dealers, cheapest first.

Updated

1 oz bar: dealer prices
Dealer Buy Sell back Over spot vs cheapest Link
The Royal Mint Loki 1oz Silver Minted Bullion Bar £55.74 – +37.47% Lowest View
Chards Germania Mint 1 oz Silver Cast Bullion Bar £67.85 – +67.33% +21.73% View
Physical Gold Best Value 1oz Silver Bar £66.20 – +63.26% Sold out View

Investment gold is VAT-free in the UK. Silver carries 20% VAT; we only compare silver bars at VAT-inclusive prices, while silver coin prices are shown as each dealer lists them, so check at checkout whether VAT is added. “Over spot” is the premium over the value of the pure metal at the live spot price. Dealers that do not publish buyback prices show “–”. How we compare.

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Tax on silver in the UK

Silver carries 20% VAT in the UK. We compare silver bars only at VAT-inclusive prices; silver coin prices are shown as each dealer lists them, so check at checkout whether VAT is added.

Frequently asked questions

How much does silver cost today in the UK?

The table on this page shows the prices of silver bars and coins at the UK dealers, updated every 30 minutes.

Is there VAT on silver?

Yes. Silver carries 20% VAT in the UK. We compare silver bars only at VAT-inclusive prices; silver coin prices are shown as each dealer lists them.

Why is the premium on silver higher than on gold?

Minting, storage and delivery cost about the same per ounce whatever the metal, but an ounce of silver is worth far less than an ounce of gold, so the costs weigh more, and VAT adds 20%.