How Much Is 1 oz of Silver Worth in the UK Today? | Mozeris Fine Antiques

How Much Is 1 oz of Silver Worth in the UK Today?

The value of 1 troy ounce of silver in GBP changes daily based on the international spot price. Here's what you need to know.

Get a Free Valuation Call 01376 334482
Quick Answer • 2-minute read

What Is 1 oz of Silver Worth Today?

1 troy ounce of silver is currently worth approximately £82 in the UK (January 2026). This is the spot price for pure silver (999 fine). The price fluctuates throughout the day based on global markets.

~£24.00
per troy ounce (999 fine silver)
Loading live price...

Key facts:

  • 1 troy ounce = 31.1035 grams (not 28.35g like a regular ounce)
  • Sterling silver (925) is worth approximately 92.5% of the pure silver price
  • The price is based on the XAG/GBP exchange rate
Quick formula:
Spot price per troy oz ÷ 31.1035 = price per gram (pure)
Price per gram × 0.925 = sterling silver per gram

Live Silver Prices

Current spot prices updated from global markets

Silver price trading chart

Live silver market prices updated continuously

Per Troy Ounce
£24.00
XAG/GBP Spot
Per Gram
£0.77
999 Fine Silver

Prices shown are indicative spot prices. Actual offers depend on item condition, purity, and weight.

Get a Free Silver Valuation

Send us photos of your silver items and we'll provide a no-obligation valuation, typically within 2 hours during business hours.

Hallmarks close-up
Full item photo
Any stamps or marks
Approximate weight (if known)

Home Collection

We come to you across the UK

Post Your Items

Insured Royal Mail service

Book Appointment

Mayfair or Braintree

No obligation Fast response Transparent pricing

Troy Ounce vs Standard Ounce

Precious metals are always measured in troy ounces, not regular (avoirdupois) ounces.

Troy Ounce

31.1035g
Used for precious metals

Standard Ounce

28.3495g
Used for everyday items

A troy ounce is about 10% heavier than a standard ounce. When checking silver prices, always confirm whether the quote is per troy ounce or per gram.

Live Silver Price Chart (XAG/GBP)

XAGGBP quote by TradingView

What Could You Get Paid For Your Silver?

Enter your silver weight below to see an estimated payout range.

Silver Payment Calculator

Don't know the weight? No problem — we can weigh your items for free.

Final offer depends on testing, purity verification, and item type. Antique or collectable silver may be worth more than scrap value.

What Affects the 1 oz Silver Price in GBP?

Factors affecting silver prices

Global factors influencing silver market prices

USD Price + Exchange Rate

Silver is priced internationally in US dollars. The GBP price depends on both the dollar silver price and the current GBP/USD exchange rate.

Market Demand & Supply

Industrial demand (electronics, solar panels), investment demand, and mining output all affect the global silver price.

Volatility & Timing

Silver prices can move significantly within a single day. The price you see now may differ from the price at which you sell.

Is It Worth Selling Scrap Silver Today?

Silver items for selling

Various silver items can be sold for their metal value

Sterling jewellery or flatware

Damaged, broken, or unwanted sterling silver items are ideal for selling as scrap. The value is based on weight and purity.

Antique or collectable silver

Items with historical significance, rare hallmarks, or by notable makers may be worth considerably more than their scrap value. Get a proper valuation before deciding.

Silver plate

Silver-plated items (EPNS, Sheffield Plate) have little to no scrap value as the silver layer is very thin. However, antique plated items may have collector value.

Related Silver Guides

Learn more about silver valuations and selling options

Silver valuation guides

Comprehensive silver valuation resources

Sell Your Silver (Main Hub) What Is the Value of Scrap Silver? How Much Is 1g of Silver Worth? How Much Is 1kg of Silver Worth? Silver Price & Valuation Guide Sell Your Albert Chain

Frequently Asked Questions About Silver Prices

FAQ about silver pricing

Common questions about buying and selling silver

The current price is shown live at the top of this page. 1 troy ounce of silver fluctuates throughout the day based on international markets. Sterling silver (925) is worth about 92.5% of the pure silver price. Check our live price display for the most up-to-date value.
Silver is traded on global commodity exchanges 24 hours a day. Prices respond to factors like currency movements, industrial demand, investment flows, and economic news. The GBP price also depends on the pound/dollar exchange rate.
No. Sterling silver (925) contains 92.5% pure silver and 7.5% other metals (usually copper). Its scrap value is therefore about 92.5% of the pure silver price. For example, if pure silver is £24/oz, sterling would be approximately £22/oz on a metal-value basis.
A troy ounce (31.1035 grams) is about 10% heavier than a standard avoirdupois ounce (28.3495 grams). Precious metals like gold and silver are always priced per troy ounce. This historical system dates back to medieval trading.
Silver-plated items (marked EPNS, A1, or similar) have minimal scrap value because the silver coating is extremely thin. However, antique or high-quality Sheffield Plate items may have collector value beyond their metal content. We can assess both scenarios.
If you have broken, damaged, or unwanted sterling silver, selling as scrap can be worthwhile—especially when silver prices are favourable. However, antique pieces, items by notable makers, or pieces with historical significance may be worth considerably more than their scrap value. We recommend getting a professional valuation before deciding.
Check for hallmarks: British sterling silver will have a lion passant (walking lion) mark along with a date letter and maker's mark. Silver plate is often marked "EPNS" (Electroplated Nickel Silver), "A1", or "Silver Plate". If unsure, we offer free identification as part of our valuation service.
Get your silver valued professionally

Professional silver valuation at Mozeris

Ready to Sell Your Silver?

Get a free, no-obligation valuation from our experts. Same-day responses during business hours.

Get Your Free Valuation WhatsApp Us