How much is 1 ounce of silver worth in South Africa today?
As of Tuesday, February 3, 2026, the spot price for 1 ounce (troy ounce) of silver in South Africa is approximately:
R1,375.00 – R1,830.00 ZAR
The value can vary slightly depending on the live exchange rate and the specific source you use, as precious metal markets fluctuate by the minute.
Price Breakdown
[!NOTE] Spot Price vs. Retail Price: The figures above represent the "spot price" (the raw market value). If you are buying physical silver—such as a 1 oz Silver Krugerrand—you should expect to pay a premium (often 10% to 30% higher) to cover minting, shipping, and dealer margins. Retail prices for 1 oz silver coins in South Africa are currently reaching between R1,700 and R1,900.
Recent Performance
Silver has seen significant volatility recently. In the last year, the price in Rand has increased by over 100%, largely driven by global demand and shifts in the value of the South African Rand against the US Dollar.