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🇬🇧 Silver Price Today in United Kingdom | £57.5
Live silver price in British Pound (GBP) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (GBP)
£1.8485
Per Troy Oz (GBP)
£57.50
Per Kg (GBP)
£1,849
USD/Silver Spot
$72.78/oz
USD/GBP Rate
1 USD = 0.79 GBP
Gold/Silver Ratio
62.0:1
Silver Market in United Kingdom
London is the world's most important silver trading hub, with the LBMA (London Bullion Market Association) setting the globally recognized silver fixing price twice daily. The Bank of England holds one of the world's largest silver reserves. The Royal Mint produces the Britannia silver coin, a popular bullion investment product.
Why do people in United Kingdom invest in silver?
UK investors buy silver to hedge against sterling depreciation and economic uncertainty. silver is free from Capital Gains Tax (CGT) when buying UK legal tender silver coins like Sovereigns and Britannias — making them particularly tax-efficient investments for British investors.
Frequently Asked Questions — Silver in United Kingdom
Is silver CGT-free in the UK?
Yes — UK legal tender silver coins including the silver Sovereign and silver Britannia are exempt from Capital Gains Tax. This is because they are considered legal tender currency. silver bars, however, are subject to CGT.
What is the silver price today in British Pounds?
The GBP silver price is calculated from the international USD spot price divided by the GBP/USD exchange rate. London is also home to the LBMA silver price, set twice daily and used as the global benchmark.
Is VAT charged on silver in the UK?
Investment silver (bars and coins meeting minimum purity standards) is exempt from VAT in the UK under the Investment silver Exemption. Jewellery and collectibles do attract VAT at 20%.
Which silver coins are most popular in the UK?
The silver Sovereign and silver Britannia are the most popular UK bullion coins. Sovereigns weigh 7.32 grams (22K) and Britannias weigh 31.1 grams (24K). Both are CGT-free for UK residents.