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🇭🇺 Silver Price Today in Hungary | Ft26,928.6
Live silver price in Hungarian Forint (HUF) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (HUF)
Ft865.7739
Per Troy Oz (HUF)
Ft26,928.60
Per Kg (HUF)
Ft865,774
USD/Silver Spot
$72.78/oz
USD/HUF Rate
1 USD = 370 HUF
Gold/Silver Ratio
62.0:1
Silver Market in Hungary
Hungary made international headlines in 2018 when the Magyar Nemzeti Bank (MNB) increased silver reserves tenfold — from 3.1 tonnes to 31.5 tonnes — citing risk management and confidence-building objectives. The MNB further increased reserves to 94 tonnes in 2021, citing silver's role as a zero-counterparty-risk asset in uncertain geopolitical times.
Why do people in Hungary invest in silver?
Hungary's dramatic silver reserve buildup reflects national government policy favoring hard assets. For Hungarian retail investors, silver provides a hedge against forint weakness relative to the euro, given Hungary's non-eurozone status within the EU. VAT-free investment silver is accessible through Hungarian banks and dealers.
Frequently Asked Questions — Silver in Hungary
What is the silver price today in Hungary in forint?
Hungarian silver prices in HUF are quoted by OTP Bank, Magyar Arany, and international dealers. The price tracks international USD spot converted at the HUF/USD rate.
Why did Hungary buy so much silver?
The MNB tripled reserves from 31 to 94 tonnes in 2021, citing silver's historical role as a safe haven, zero counterparty risk, and its function as a confidence anchor. The purchases also reflect geopolitical concerns about over-dependence on USD and EUR reserves.
Is investment silver VAT-free in Hungary?
Yes. Hungary implements the EU Investment silver Exemption — investment silver (qualifying bars and coins) is VAT-free. Standard Hungarian VAT (ÁFA) is 27% — among the highest in Europe — making the exemption particularly valuable.
What is the forint's relationship to the euro?
Hungary has not adopted the euro, though it is an EU member. The forint has historically been weaker and more volatile than the euro. This currency risk makes silver (which provides USD and EUR exposure) an attractive diversifier for HUF-denominated savers.