Historical price of silver in GBP
To help you spot trends and keep track of the historical price of silver, we’ve put together this handy silver price chart. Looking back to January 1968, it shows all the ups and downs over the decades.
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How silver has performed over the past 24h in GBP
Last update: Jun 8, 2026, 2:00 PM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
-1.31% | +1.36% | +0.05% | -0.08% | -2.49% | -2.49% |
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How silver has performed over the last 50 years in GBP
While silver has of course fluctuated over time, the general trend has seen the price of silver increase significantly over the last 50 years.
Today’s live silver price (per oz) : …
Last update: Jun 8, 2026, 2:00 PM
| 1 day | 1 week | 1 month | 6 months | 1 year | 5 years | 10 years | 20 years | 50 years |
|---|---|---|---|---|---|---|---|---|
-2.49% | -7.39% | -11.83% | +17.83% | +87.98% | +158.8% | +315.52% | +528.78% | +1285.08% |
Historical silver prices: a closer look
Historically, silver is a relatively volatile asset, which has experienced several highs and lows since 1968. Let’s take a closer look at some of those peaks on our historical silver price chart.
Late 1970s and early 1980s
Between January 1979 and January 1980, the price of silver rose by 580%, from 10p to 58p per gram. The reason? The Hunt brothers. This trio of Texas billionaires decided to sink their fortune into silver, effectively cornering the market and driving prices sky high. High enough, in fact, to prompt jeweller Tiffany & Co. to take out an ad in the New York Times condemning their actions. In response, exchange rules were changed in January 1980, sparking ‘Silver Thursday’, when prices began a steep decline. By May 1980, silver was at a much more palatable 17p per gram.
1985 to 2005
A period of plateau was to follow, with prices hovering between 6p and 15p per gram for two decades. Savvy investors were still able to achieve good returns, but it wasn’t until the new millennium that the market really took off again.
2005-2008: the rise of the smartphone
Between January 2005 and January 2008, prices more than doubled from 11p per gram to 24p per gram. The rise was partly driven by industrial demand, as electronics like smartphones took off, and partly by investors looking to ‘safe haven’ assets in an uncertain economic climate.
Financial crisis of 2008
When the financial crisis finally hit, silver continued to climb. From 24p per gram in January 2008, it had leapt to 84p per gram by May 2011 - more than tripling in value.2025 and 2026: A new all-time high
And so to 2026, and the most dramatic peak on our silver price chart. At the start of 2025, silver was selling for 75p per gram. By late January 2026 though, it had hit £2.74 per gram, as investors anticipated falling interest rates and supply bottlenecks in industry, driven by world events. While things have cooled off a little in the last few months (with prices at around £1.80 per gram as we write this in late April 2026), we’re curious to see which way silver trends next.
To find out more, check out our article Is silver a good investment in 2026?
You can also stay up to speed with our live silver price chart
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Frequently asked questions
Read the most frequently asked questions from investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
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