South Africa Silver Price Calculator
Here’s a comprehensive table summarizing all you need to know about silver prices in South Africa:
| Aspect | Details |
|---|---|
| Current Price | R550.65 per ounce1 |
| Price per Gram | 17.87 ZAR3 |
| Price per Kilogram | 17,871.82 ZAR3 |
| 24K Silver Price per Gram | 17.84 ZAR2 |
| Sterling Silver (925) Price per Gram | 16.53 ZAR3 |
| Annual Price Change | Up 32.52% in the last year1 |
| Highest Price (Last Year) | R610.57 on October 22, 20241 |
| Lowest Price (Last Year) | R416.97 on November 10, 20231 |
| Average Price (Last Year) | R501.39 per ounce1 |
| Currency Used | South African Rand (ZAR) |
| Common Forms | Coins, bars, bullion |
| Popular Products | South African Silver Krugerrand Coin |
| VAT Consideration | 15% VAT applies to silver purchases6 |
| Key Price Drivers | Supply and demand, economic trends, inflation, USD value5 |
| Investment Options | Physical silver, ETFs, mining stocks |
| Storage Considerations | Safety deposit boxes, secure vaults |
| Market Volatility | Can be significant due to various factors |
| Buyback Policies | Vary by dealer, important to check before purchasing6 |
This table provides a comprehensive overview of silver prices in South Africa, including current rates, historical trends, investment options, and key considerations for investors. Remember that silver prices are subject to frequent changes due to market conditions and various economic factors.