shopper approved
    2165.34
    -0.81
    25.11
    -0.07
    916.55
    -8.93
    1036.67
    -19.46

    Silver Spot Price & Charts in British Pounds

    UK Silver Prices Per Ounce, Gram & Kilo in GBP

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    Silver Prices in British Pounds

    Although silver is a dollar denominated commodity, the white metal may be bought, sold and quoted in various currencies including the British pound. If you are a resident of the U.K., for example, you would likely buy and sell silver in Pounds rather than dollars.

    The Great British Pound is one of the most widely used and recognized currencies on the planet, and even when the U.K. was a member of the EU the nation still used its own currency.

    In a historic vote in June 2016, the U.K. elected to leave the European Union. The British Pound saw massive declines in value, and has thus far not recovered much lost ground. The currency could potentially remain under pressure as the nation tries to renegotiate trade agreements and work through the process of leaving the union.

    Given many of the economic and geopolitical unknowns surrounding “Brexit,” silver could potentially see increasing buying interest from those in the region. Silver, like gold, is often viewed as a potential hedge against declining currency values, inflation and other economic issues. If the Pound continues to decline in value, it could potentially fuel more interest in silver and gold.

    The U.K. will be announcing its Brexit plans in the near future, and although many concerns remain about the nation’s economic future, some analysts believe that the nation will prosper. The exact effects of Brexit may not be known for some time, however, as the entire process is likely to take several years.

    The move by Great Britain to leave the EU could call into question the strength of the union. Sovereign debt issues have been a major issue in the EU for years now. Greece was on the verge of total collapse in recent years, and only through a massive bailout did the nation survive. Spain and Italy have also had numerous issues, and many economists in the region have struggled with deflationary forces for some time. Italian banks are once again a source of concern, as many bad loans could potentially necessitate a bailout.

    Silver Pricing in the U.K.

    Like gold, silver prices used to be fixed by the London silver fix. This practice came to an end in recent years, and now the daily LBMA silver price auction is operated by CME Group and administered by Thomson Reuters. The price is set each day in U.S. Dollars per ounce at 12 noon local London time. Silver prices in Sterling and Euros are also available but are used for settlement only.

    Royal Mint Silver Bullion

    The world-renowned Royal Mint has been around for over 100 years, and during that time the mint has tracked the history of Great Britain through many significant pieces of its history including wars, different monarchs, economic progress and technological breakthroughs.

    The Royal Mint is in charge of all U.K. coinage, and also produces commemorative coins and medals. The mint even produces coinage and medals for many other countries as well.

    The Royal Mint has a focus on British history and pride, and many of its products look to celebrate Britain. The mint has produced coins in honor of Her Majesty Queen Elizabeth, Sir Winston Churchill and others. The mint has also produced coinage in honor of significant pieces of Great Britain’s history, including coins commemorating the First World War and the Battle of Hastings.

    The silver Britannia is one of the most popular silver coins produced by the Royal Mint. This silver coin debuted in 1997 and features the same obverse and reverse designs as the gold Britannia. From 1997 to 2012, the silver Britannia contained .958 percent fine silver. Since 2013, the silver Britannia has been made with .999 percent fine silver.

    The coin’s obverse features the portrait of Her Majesty Queen Elizabeth II, and the design is the handiwork of Jody Clark and debuted in 2016. The coin’s reverse features the depiction of goddess Britannia, the guardian of Britain.

    The one ounce silver Britannia carries a face value of 2 GBP.

    If you are looking for British silver coins that are widely recognized and produced by a mint known for its quality and attention to detail, the Britannia may be a great choice and can make a great addition to any coin collection.

    World Silver Prices