How Much Is 1 Gram of Silver Worth in the UK?
Understanding silver prices per gram, purity factors, and how to get an accurate valuation for your silver items.
Quick Answer
The value of 1 gram of silver in the UK depends on three key factors: the live silver spot price, the purity of your silver (such as sterling silver at 92.5%), and whether your item is scrap or collectible.
Sterling silver (925) is worth approximately 92.5% of the pure silver price per gram. For an accurate valuation of your silver items, you can sell silver in the UK through a trusted dealer who will assess both weight and potential collector value.
Silver Price Per Gram Explained
Silver is traded globally in troy ounces, with one troy ounce equalling approximately 31.1 grams. To calculate the silver price per gram in the UK, you simply divide the current spot price per troy ounce by 31.1.
For example, if silver is trading at £24.00 per troy ounce, the price per gram would be approximately £0.77. However, dealers typically offer slightly below spot price to account for processing and refining costs.
Troy Ounce
The standard unit for precious metals trading, equal to 31.1035 grams.
Spot Price
The current market price for immediate delivery of silver.
Dealer Price
What buyers pay, typically 85-95% of spot for scrap silver.
If you're unsure about the current value of your silver, you can get a silver valuation from our expert team at no obligation.
Does Purity Affect the Price of 1g of Silver?
Yes, purity significantly affects how much your silver is worth per gram. Not all silver items contain the same percentage of pure silver.
| Silver Type | Purity | Common Uses | Value vs Pure |
|---|---|---|---|
| Fine Silver | 999 (99.9%) | Bullion bars, coins | 100% |
| Sterling Silver | 925 (92.5%) | Jewellery, flatware | ~92.5% |
| Coin Silver | 900 (90%) | Pre-1920 UK coins | ~90% |
| Britannia Silver | 958 (95.8%) | Antique silverware | ~95.8% |
Sterling silver (marked 925) is the most common type found in UK households. When calculating scrap silver price per gram, remember that sterling silver contains 7.5% copper alloy, so you receive 92.5% of the pure silver value.
If you have silver items you'd like valued, our silver valuation service can help you understand exactly what your pieces are worth.
Scrap Silver vs Collectible Silver
Most silver sold by members of the public is classified as scrap silver — items valued purely for their metal content. This includes broken jewellery, damaged flatware, and unmarked pieces.
However, some silver items may be worth significantly more than their scrap value. Antique pieces, designer jewellery, complete flatware sets, and items by renowned silversmiths can command premium prices.
A professional valuation ensures you don't accidentally sell a valuable antique for scrap prices. Request a silver quote to discover if your items have collector value.
Why the Value of Silver Changes Daily
Unlike fixed-price goods, silver is a commodity traded on global markets. Its value fluctuates throughout each trading day based on several factors:
- Market supply and demand — Industrial use, investment demand, and mining output all affect prices
- Economic conditions — Silver often rises during economic uncertainty as investors seek safe havens
- Currency movements — As silver is priced in US dollars, GBP/USD exchange rates affect UK prices
- Industrial demand — Silver's use in electronics, solar panels, and medical equipment influences prices
Important to Know
The price you see quoted online is the "spot price" — the wholesale rate for large quantities. Retail buyers and sellers typically transact at prices slightly above or below spot, depending on whether they're buying or selling.
How to Get an Accurate Silver Valuation
While online calculators can give you a rough estimate based on weight and purity, a professional valuation offers several advantages:
- Accurate purity testing — Professionals can verify hallmarks and test unmarked items
- Collector value assessment — Experts recognise pieces worth more than scrap
- Current market rates — Dealers offer prices based on live market conditions
- No obligation quotes — Reputable dealers provide free valuations
At Mozeris Fine Antiques, we provide transparent, no-obligation valuations for all types of silver. Whether you have a single piece or an entire collection, our experts will assess both the metal value and any potential collector premium.
Get Your Silver Valued Today
Understanding the true value of your silver doesn't have to be complicated. Our team of experts can provide you with an accurate, fair valuation based on current market prices.
We assess all types of silver including jewellery, flatware, coins, and decorative items. Our valuations are completely free and come with no obligation to sell.
Ready to find out what your silver is worth? Get a silver valuation or learn more about how to sell your silver with confidence.
Frequently Asked Questions
The value of 1 gram of silver changes daily based on market conditions. To calculate it, divide the current spot price per troy ounce by 31.1. For pure silver (999), this gives you the price per gram. For sterling silver (925), multiply that figure by 0.925. For an up-to-date quote on your silver items, request a free valuation.
Yes, sterling silver (925) is worth approximately 92.5% of the pure silver price because it contains 7.5% copper alloy. This makes it more durable for jewellery and flatware but slightly less valuable by weight. However, well-crafted sterling silver pieces may command premiums above their metal value.
Absolutely. Antique silverware, designer pieces, items by renowned silversmiths, and complete sets often sell for multiples of their scrap value. Factors like age, condition, maker, and rarity all influence collector value. This is why professional valuations are important — you could have something special without realising it.
The spot price is the wholesale rate for large quantities of refined silver. Dealers typically pay 85-95% of spot price for scrap silver to cover refining costs, testing, and business expenses. Reputable dealers are transparent about their pricing and will explain exactly how they calculate their offers.
Look for hallmarks such as "925", "Sterling", or the lion passant symbol (UK sterling mark). However, not all genuine silver is marked, especially older pieces. Professional dealers use acid tests and electronic testers to verify authenticity. If you're unsure, bring your items for a free assessment.
Ready to Value Your Silver?
Get an accurate, no-obligation valuation from our expert team. We'll assess your silver's weight, purity, and potential collector value.