The silver price is the basis for the price of our silver coins and bars
The current silver price is the basis for the selling price of our silver coins and bars. The prices of physical silver are almost always slightly more expensive than just the spot price of the silver. This is because the manufacturers use a so-called premium to make the products. Transport costs, insurance costs and a sales margin are also included in the price.
Because silver is seen as an industrial product, you have to take into account 21% VAT when purchasing silver bars. That is why we advise private individuals to opt for silver coins. These fall under the margin scheme. As a result, you only pay VAT on our profit margin, which is already included in the price. As a result, you often only pay 0.5% instead of 21% VAT, which is many times cheaper.
Business customers may reclaim the VAT on the silver bars from the tax authorities. Making silver bars more favorable already investments in physical silver.
Silver price per kilo
Do you want to see the silver price in troy ounces (31.101 grams) or per kilo? Then choose 'troy ounce' or kilo' at the top left of the chart. This gives you a good indication of the value of your silver.
Disclaimer
The charts module is currently in beta. No rights can be derived from the displayed prices/rates.