Demand for silver doubles year-on-year
Gold Bank, one of the UK’s leading buyers and sellers of gold and silver, reports that the company has witnessed more than a 100% increase in the amount of silver purchased by customers over the last 12 months, September 2024 to August 2025.
The latest insights released by Gold Bank London also show that over 71% of silver purchases from Gold Bank London last month were made by first time buyers of silver.
In addition, silver is mainly purchased online and less so in-store, which highlights a slight difference in buying behaviours in relation to gold which is often purchased online but also in person in-store with Gold Bank.
Consumers continue to invest in gold more, but the appreciation potential of silver is attracting new investors, with silver coins currently more popular than silver bars. The silver products in highest demand right now are the iconic Queen’s Beasts coins, minted by The Royal Mint.
Commenting on the UK investment market relating to silver specifically, Gold Bank London’s founder and managing director, Faisel Ali, said, “Investment trends are showing that silver is a highly attractive proposition right now, and especially for first time investors, even though silver prices are continuing to surge.
“Traditional investment-grade coins that are widely recognised, highly liquid, and trusted for resale are immensely popular – and coin collecting is definitely making a comeback, but in a modern way.
“Investors still lean towards bullion coins, but we are seeing more and more interest in themed and commemorative coins, so things that actually mean something to the buyer; Marvel, royal anniversaries, or cultural symbols. Coins carry both emotional and intrinsic value and can be resold. Silver’s popularity is likely to keep increasing, along with the demand for silver coins for investment and keepsake purposes.”