Silver Price in Euros Today
Track the live silver price in EUR per troy ounce and per gram. Real-time XAG/EUR conversion with the latest exchange rates from European markets.
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Silver Pricing in the European Market
The silver price in euros is derived from the international spot price (XAG/USD) divided by the EUR/USD exchange rate. Unlike gold, silver is subject to VAT in most EU countries, significantly impacting physical purchase costs.
- Standard VAT: 19-21% in most EU countries on physical silver
- German differential taxation (Differenzbesteuerung): VAT only on dealer margin (~5-7% effective)
- LBMA Silver Price: set daily at noon London time (global benchmark)
- Over 50% of silver demand comes from industrial applications (solar, electronics, EVs)
- Silver ETFs (PHAG, ISLN) avoid VAT since underlying metal is in institutional vaults
- Gold-to-silver ratio above 80 historically signals silver is undervalued relative to gold
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Frequently Asked Questions
How is the silver price in euros calculated?
The silver price in euros is calculated by taking the international spot price in US dollars (XAG/USD) and dividing it by the current EUR/USD exchange rate. For example, if silver is $30/oz and EUR/USD is 1.10, the price is approximately 27.27 EUR per ounce. The LBMA also publishes a daily benchmark that can be converted to euros.
Is there VAT on silver in Europe?
Yes, unlike investment gold which is VAT-exempt, physical silver is subject to standard VAT rates in most EU countries -- typically 19% in Germany, 20% in France, and 21% in Spain and Italy. This adds significantly to the cost of physical silver. Germany offers a 'differential taxation' scheme where VAT applies only to the dealer's profit margin, reducing the effective rate to approximately 5-7%.
What is differential taxation for silver?
Differential taxation (Differenzbesteuerung) is a German tax scheme that allows dealers to charge VAT only on their profit margin rather than the full sale price of silver. This means instead of paying 19% VAT on the total price, buyers pay 19% only on the dealer's markup, resulting in an effective tax rate of roughly 5-7%. Many European buyers purchase silver from German dealers to benefit from this lower tax.
How does EUR/USD affect silver prices in euros?
The EUR/USD exchange rate directly affects the silver price in euros. When the euro weakens against the dollar, silver becomes more expensive in euro terms even if the dollar price is unchanged. Conversely, a strengthening euro reduces the euro-denominated silver price. European silver investors therefore face both commodity price risk and currency risk.