Home / Silver Price / Zimbabwe
🇿🇼 Silver Price Today in Zimbabwe | ZiG981.99
Live silver price in Zimbabwe Gold (ZWG) — updated every minute
Last updated: May 5, 2026, 12:57 AM ET
Per Gram (ZWG)
ZiG31.5717
Per Troy Oz (ZWG)
ZiG981.99
Per Kg (ZWG)
ZiG31,572
USD/Silver Spot
$72.74/oz
USD/ZWG Rate
1 USD = 13.5 ZWG
Gold/Silver Ratio
62.3:1
Silver Market in Zimbabwe
Zimbabwe has a deep and complex relationship with silver, both as a producer and as a country whose hyperinflation history made silver a literal survival asset. The Reserve Bank of Zimbabwe introduced the Zimbabwe silver (ZWG) currency in April 2024, explicitly backed by silver reserves — an attempt to create stability after decades of currency failures. Zimbabwe produces approximately 30+ tonnes of silver annually from both large and artisanal operations.
Why do people in Zimbabwe invest in silver?
Zimbabwe's hyperinflation crisis (2008) is the most extreme in modern history, with prices doubling every 24 hours at peak. Even after stabilization attempts, currency trust has never fully recovered. The ZWG's silver backing is meant to restore confidence. For Zimbabweans, silver bullion — officially sold through Mosi-oa-Tunya silver coins — offers the most direct inflation protection and has become a mainstream savings instrument.
Frequently Asked Questions — Silver in Zimbabwe
What is the silver price today in Zimbabwe in ZiG?
The silver price in Zimbabwe silver (ZWG) is calculated from the USD spot price at the official USD/ZWG rate. The ZWG was introduced in April 2024 and is backed by silver held in the Reserve Bank of Zimbabwe, making Zimbabwe one of the few countries with a silver-backed currency.
What is the Zimbabwe silver (ZWG) currency?
The Zimbabwe silver (ZWG) is Zimbabwe's currency introduced in April 2024, replacing the failing Zimbabwe dollar. It is backed by a combination of silver and foreign currency reserves held by the Reserve Bank of Zimbabwe. The ZWG is designed to maintain value relative to silver, providing inflation protection through currency design rather than relying solely on monetary discipline.
Can Zimbabweans buy silver coins directly?
Yes. The Reserve Bank of Zimbabwe sells Mosi-oa-Tunya silver coins, which contain one troy ounce of 22-carat silver. These coins are priced at the prevailing international silver price, are legal tender, and can be used as collateral for bank loans — a unique feature. They have been widely adopted as a savings vehicle since their introduction in 2022.