The silver price is set by the London Bullion Market Association (LBMA), which publishes an official reference price twice daily: the LBMA Silver Price, established at 12:00 GMT. This fixing involves the world’s largest banking institutions and serves as the benchmark for all international silver market transactions. The price is expressed in US dollars per troy ounce, then converted into euros for the European market. This spot price forms the basis for our silver buyback calculation at Sellgold in Brussels.

Silver is significantly more volatile than gold because of its dual nature: it is both a precious metal and an industrial raw material. Its price is therefore influenced by macroeconomic factors (inflation, interest rates, the US dollar) as well as industrial demand (solar panels, electronics, electric vehicles). During the fixing, if buy orders exceed sell orders, the price rises — and vice versa. This heightened sensitivity explains why silver can move 5–10% within days, as seen in early 2026 when the ounce nearly reached €100.

The silver price per gram is calculated from the troy ounce (symbol: ozt), the international unit of measurement for precious metals. One troy ounce equals exactly 31.1035 grams. If the silver spot price is, for example, €70 per ounce, the price per gram is approximately €2.25. This per-gram value is what we use as the basis for evaluating your jewellery, cutlery, coins or silver bars during your free valuation at Sellgold in Brussels.

Silver is traditionally considered a hedge against inflation, much like gold. When the purchasing power of currency falls, investors turn to precious metals as a store of value, increasing demand and therefore the price. Silver has the additional advantage of being in strong industrial demand during periods of economic growth, which can amplify price increases. This is one of the reasons why the silver price doubled in 2025 and remains at historically high levels in 2026.

Unlike gold, silver is essential to many industrial sectors: it is used in the manufacture of photovoltaic solar panels, electronic circuits, electric vehicles, medical equipment and batteries. Approximately 50% of global silver demand comes from industry. With the rise of the energy transition and artificial intelligence, this demand continues to grow while global mining production stagnates. This structural supply-demand imbalance provides strong long-term support for the silver price.

The silver price is quoted in US dollars on global markets (COMEX, LBMA). For European buyers and sellers, the euro/dollar exchange rate therefore plays a direct role: a weak euro against the dollar mechanically increases the silver price in euros, and vice versa. This is why the euro price displayed on our page can fluctuate even on days when the dollar spot price remains stable. We update our buyback prices daily to reflect these movements.

Silver has experienced spectacular growth in recent years. Long stable around $15–20 per ounce, it surpassed $50 in 2025 for the first time since the 1980s, driven by industrial demand, inflation and the rush to safe-haven assets. In January 2026, the ounce nearly reached €100 before correcting. Major financial institutions (HSBC, Bank of America, UBS) agree on a sustained bullish trend, supported by the energy transition and growing scarcity of the metal. This makes it a particularly favourable time to sell your silver.

This is one of the great advantages of selling your silver in Belgium rather than France. In Belgium, there is no flat-rate tax on precious metals such as silver. In France, this tax can reach up to 11.5% of the sale price. By selling at Sellgold in Brussels, you keep the full buyback price with no additional tax deduction. Our clients coming from France, Luxembourg and other neighbouring countries therefore make a significant net saving compared to selling in their home country.

No, no certificate is required to sell your silver at Sellgold. Our experts have all the tools needed to test and authenticate your silver on the spot: acid tests, X-ray fluorescence (XRF) scanner and hallmark verification. A certificate or recognised hallmark (925, 800, 999) can however speed up and simplify the valuation, particularly for LBMA-certified bars. For rare collectible coins, a certificate may also enhance the numismatic premium.

To follow the live silver price, you can visit our dedicated page on Sellgold.be, updated daily. Specialist sites such as Kitco, Gold.fr and Or.fr also publish real-time quotes. We recommend monitoring the price over several days before selling, to identify a favourable moment. Feel free to contact us directly by phone or WhatsApp for today’s buyback price — our experts respond immediately.