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Latvia Silver Prices and Trends

 Latvia Silver Prices and Trends

As of early March 2026, silver prices in Latvia have experienced significant volatility following a historic rally in 2025. While the market has cooled from the extreme highs seen earlier this year, silver remains at a much higher price floor than in previous years.

Current Silver Prices in Latvia

Prices in Latvia are generally based on the global spot price, converted to Euro (EUR).

WeightCurrent Price (Approx. EUR)
1 Gram€2.30 – €2.40
1 Ounce (oz)€72.00 – €78.00
1 Kilogram (kg)€2,300 – €2,450

Note: Retail prices for physical silver (coins and bars) at Latvian dealers like Tavex or Florinus will include a premium (usually 10-30%) and 21% VAT unless purchasing specific VAT-free investment products.

Recent Trends and 2026 Outlook

The silver market is currently navigating a period of "price discovery" after a massive breakout.

  • The 2025 Surge: Silver was one of the top-performing assets of 2025, rising over 130% due to a combination of high industrial demand (AI hardware and solar panels) and a global supply deficit.

  • Early 2026 Volatility: In January 2026, silver briefly spiked toward record levels (touching near $100/oz internationally) before a sharp correction in February.

  • Geopolitical Impact: Recent escalations in the Middle East (early March 2026) have caused sudden "safe-haven" spikes, with prices jumping nearly 8% in a single day as investors move away from riskier assets.

  • Industrial Demand: Latvia's electronics and green-tech sectors contribute to the broader trend where silver is increasingly viewed as a "critical mineral" rather than just a precious metal.

Investment Sentiment in Latvia

Local market sentiment remains cautiously bullish. Analysts suggest that while the "explosive" gains of 2025 may be over, silver has established a new support level.

  • Institutional Forecasts: Most major banks (J.P. Morgan, BofA) expect silver to average between $50 and $80/oz for the remainder of 2026.

  • The Gold-Silver Ratio: This ratio has compressed significantly, currently sitting near 60:1, suggesting silver is gaining strength relative to gold.

Local Tip: If you are buying physical silver in Latvia, check for "Margin Scheme" silver coins. These are often sold by dealers in a way that reduces the effective VAT burden compared to silver bars, making them more cost-effective for private investors.