Silver Price UK Today: £53/oz as Global Silver Breaks $72 — Latest News, Drivers and 2026 Forecasts (24 December 2025)
Silver prices in the UK hit £53.20 per troy ounce on 24 December, according to The Royal Mint, as global spot silver reached a record $72.70/oz. The surge caps a year in which silver has jumped around 150%. UK buyers face additional costs, with 20% VAT applied to physical silver purchases. The rally is linked to rate-cut expectations, a weaker dollar, and strong demand.