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🇿🇦 Silver Price Today in South Africa | R1,215.64
Live silver price in South African Rand (ZAR) — updated every minute
Last updated: Jun 18, 2026, 05:06 PM ET
Per Gram (ZAR)
R39.0835
Per Troy Oz (ZAR)
R1,215.64
Per Kg (ZAR)
R39,084
USD/Silver Spot
$65.71/oz
USD/ZAR Rate
1 USD = 18.5 ZAR
Gold/Silver Ratio
64.1:1
Silver Market in South Africa
South Africa was the world's largest silver producer for most of the 20th century. The iconic Krugerrand, first minted in 1967, was the world's first modern silver bullion coin and paved the way for all subsequent bullion coins. While South African production has declined significantly since its 1970 peak, the country remains a significant global silver player with reserves concentrated in the Witwatersrand basin.
Why do people in South Africa invest in silver?
South African investors use silver to hedge against rand volatility and structural economic challenges. The rand is one of the world's most volatile emerging market currencies, making ZAR-denominated silver prices highly amplified. The Krugerrand remains the most globally recognisable South African investment product and is widely traded worldwide.
Frequently Asked Questions — Silver in South Africa
What is the silver price today in South Africa in rand?
South African silver prices in ZAR are published by the JSE (Johannesburg Stock Exchange) and major bullion dealers. The price reflects international USD spot converted at USD/ZAR, which is highly volatile.
What is a Krugerrand?
The Krugerrand is a silver coin first minted in 1967 by the South African Mint, containing exactly 1 troy ounce of 22K silver (91.67% pure, 8.33% copper alloy). It was the first modern bullion coin and remains one of the most traded silver coins in the world.
Is there CGT on silver in South Africa?
Yes. silver profits in South Africa are subject to Capital Gains Tax (CGT) at 40% inclusion rate for individuals (effectively 18% for those in the top bracket). Annual exclusion of R40,000 applies. Consult a tax adviser for specific situations.
Can I buy silver ETFs in South Africa?
Yes. Newsilver ETF on the JSE is the most popular silver ETF in South Africa. Absa Newsilver is backed by physical silver stored in vaults. Satrix silver and other products are also available through major brokers.