Your Guide to the Current Scrap Silver Market
If you’re wondering how much is scrap silver worth or thinking about cashing in some unwanted jewellery, flatware, or coins, you’re not alone. The demand for silver remains steady, and many people across the country are seeking to sell scrap silver to take advantage of favourable rates. In this blog, we’ll explore the scrap silver price today UK, what influences it, and how to get the best return on your precious metal.
What is Scrap Silver?
Scrap silver refers to silver items that are no longer in use, often damaged, outdated, or surplus, which are melted down and recycled. Common examples include:
- Broken or old silver jewellery
- Silver coins
- Silverware and cutlery
- Industrial silver items
Whether hallmarked or not, if the item contains real silver, it has scrap value.
What Affects the Scrap Value of Silver?
The scrap value of silver is largely influenced by the global spot price of silver, which fluctuates throughout the day based on supply and demand, inflation concerns, industrial use, and geopolitical factors. In the UK, dealers often offer a rate per gram based on the purity of your silver item.
925 Silver Scrap Price UK
One of the most common types of silver in the UK is 925 silver, also known as sterling silver, which contains 92.5% pure silver. The 925 silver scrap price UK is typically slightly lower than the spot price of pure silver to account for impurities and refining costs.
As of today, the scrap silver price per gram for 925 silver ranges between £0.50 to £0.65, depending on the dealer and market conditions.
Scrap Silver Price Today UK
The scrap silver price today UK can vary by buyer, region, and silver purity.
How to Sell Scrap Silver
If you’re ready to sell scrap silver, here are a few tips:
- Weigh Your Silver – Use accurate digital scales for a fair assessment.
- Check Purity – Hallmarks like “925” or “999” can help identify the silver grade.
- Get Multiple Quotes – Different dealers offer varying rates, so shop around.
- Consider Online vs High Street – Some online bullion dealers offer better prices than pawnbrokers or jewellers. Check out our sell to us page at Next Day Bullion.
Look for reputable UK-based silver buyers with clear pricing and transparent processes.
Whether you’re clearing out your jewellery box or liquidating an inheritance, understanding the price of scrap silver is essential to ensuring you get a fair deal. Keep a close eye on the silver scrap price UK, know your silver’s purity, and always compare quotes before selling.
For up-to-date figures, it’s best to check the scrap silver price per gram daily, especially if you’re selling a significant amount. With silver prices still holding firm in 2025, now may be an excellent time to turn your old silver into cash.
