What is the LBMA Silver Price?
The LBMA Silver Price is a daily benchmark set by electronic auction in London. It is published at noon GMT and is used globally as the reference price for silver contracts, mining royalties, and physical settlement.
Silver Price in London Today
Interactive Silver Chart
Silver Price Performance
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | +$0.00 | +0.00% |
| 30 Days | +$3.38 | +3.80% |
| 6 Months | $-1.87 | -2.10% |
| 1 Year | +$19.06 | +21.40% |
| 5 Years | +$57.17 | +64.20% |
| 20 Years | +$278.38 | +312.60% |
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Silver Spot Price · London
£66.53GBP
= $89.05 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 0.7471 GBP
Silver Converter
GBP
£66.53USD
$89.05Silver Spot Price – Today
Intraday XAG/USD spot price (USD per troy ounce)
Silver Price Chart (TradingView)
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Interactive Silver Chart
Silver Price per Unit
Updated: Mar 10, 2026, 07:25 PM| Unit | Price (GBP) | Price (USD) | Change |
|---|---|---|---|
| 1 Troy Ounce | £66.53 | $89.05 | +0.00% |
| 1 Gram | £2.14 | $2.86 | +0.00% |
| 1 Tola (11.66 g) | £24.95 | $33.40 | +0.00% |
| 1 Kilogram | £2,139.09 | $2,863.08 | +0.00% |
| 10 Ounces | £665.33 | $890.52 | +0.00% |
| 100 Ounces | £6,653.33 | $8,905.20 | +0.00% |
24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC)
Sydney
Tokyo
London
New York
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | GBP | USD | EUR | AED | AUD | CAD | INR | SGD | JPY |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | +10.5% | +12.0% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +8.4% | +18.3% |
| 2024 | +24.8% | +21.4% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +19.2% | +38.4% |
| 2023 | +3.1% | +0.4% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | -1.4% | +9.6% |
| 2022 | +10.8% | -3.5% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | -7.1% | +14.2% |
| 2021 | -17.2% | -11.7% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -13.2% | -12.4% |
| 2020 | +41.6% | +47.9% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +41.3% | +34.2% |
| 2019 | +20.4% | +15.3% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +12.8% | +10.1% |
| 2018 | -3.8% | -8.5% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -11.4% | -9.6% |
| 2017 | -8.6% | -1.2% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -4.1% | -3.8% |
| 2016 | +31.2% | +15.3% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +12.1% | +5.9% |
| 2015 | -8.3% | -11.9% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -14.2% | -10.6% |
| 2014 | -18.4% | -19.8% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -22.1% | -11.2% |
| 2013 | -38.1% | -35.9% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -38.6% | -11.4% |
| 2012 | +7.8% | +8.4% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +6.1% | +3.8% |
| 2011 | +71.3% | +74.0% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +65.3% | +56.2% |
Historical Silver Price Charts
30 Days+1.5%
$89.05
60 Days+1.9%
$89.05
1 Year+4.5%
$89.05
2 Years-1.9%
$89.05
5 Years+2.9%
$89.05
10 Years+3.8%
$89.05
All Time+7.5%
$89.05
What Moves Silver Price in London?
London is home to the London Bullion Market Association (LBMA), the global benchmark setter for silver prices. The LBMA Silver Price auction sets the daily reference rate used by banks, miners, and refiners worldwide. Local GBP rates mirror XAG/USD adjusted for the live GBP/USD exchange rate. Note that unlike gold, silver bullion in the UK is subject to 20% VAT, which significantly affects the retail purchase price above the quoted spot.
Frequently Asked Questions
Is VAT charged on silver in the UK?
Yes. Unlike gold which is VAT-exempt in the UK, silver bullion is subject to 20% VAT. This makes the actual retail price significantly higher than the quoted spot rate.
How is the GBP silver price calculated?
UK silver prices are quoted in GBP per troy ounce. The price is derived from the USD spot price converted at the prevailing live GBP/USD exchange rate at the time of calculation.
Silver Price Forecast & Prediction — London
Technical analysis based price targets. Not financial advice.
Market SentimentNeutral
BearishNeutralBullish
Support
$83.71
Resistance
$94.40
Technical Indicators
50-Day MABullish
200-Day MABullish
RSI (14)Neutral
MACDBullish
StochasticOverbought
BollingerNeutral
Price Targets
| Period | Bear Target | Base (Current) | Bull Target | Range |
|---|---|---|---|---|
| 1 Week | $87.45£65.34 GBP | $89.05£66.53 GBP | $91.19£68.13 GBP | ±2.1% |
| 1 Month | $85.04£63.54 GBP | $89.05£66.53 GBP | $94.57£70.66 GBP | ±5.3% |
| 3 Months | $81.04£60.55 GBP | $89.05£66.53 GBP | $99.56£74.38 GBP | ±10.4% |
| 6 Months | $77.03£57.55 GBP | $89.05£66.53 GBP | $105.44£78.78 GBP | ±15.9% |
| 1 Year | $73.02£54.56 GBP | $89.05£66.53 GBP | $114.52£85.56 GBP | ±23.3% |
↑ Bullish Factors
- Global central bank rate cut expectations support precious metals
- Industrial demand from solar panels and EV batteries rising
- USD weakness historically boosts XAG/USD spot prices
- Supply deficits as mining output lags industrial consumption
↓ Bearish Factors
- Higher-for-longer interest rates increase opportunity cost of holding silver
- Strong USD could weigh on dollar-denominated commodity prices
- Weak economic data may dampen industrial silver demand
- Profit-taking after recent rallies could trigger short-term pullbacks
Disclaimer: Price predictions are based on technical analysis and historical patterns only. They do not constitute financial advice. Silver markets are highly volatile — always do your own research before investing.
Silver Prices in Other Cities
Track live silver spot rates in GBP for investors, jewelers, and bullion dealers in the United Kingdom. London hosts the LBMA — the global benchmark setter for silver — making it the most important silver pricing centre in the world.