Moldova Silver Prices and Trends
Silver prices in Moldova have experienced a significant rally through 2025 and into 2026, driven by global industrial demand and shifting monetary policies. The market is currently characterized by high volatility but a strong upward trend compared to previous years.
Current Silver Prices (February 2026)
Prices in Moldova are typically quoted in Moldovan Leu (MDL) per gram or troy ounce, based on the daily rates set by the National Bank of Moldova (BNM).
Note: The National Bank of Moldova determines these prices daily for bookkeeping and commemorative coin pricing; however, commercial banks and private dealers may apply their own spreads and commissions.
Recent Trends and 2026 Outlook
The silver market has undergone a dramatic transformation over the last 14 months:
The 2025 Surge: Silver prices rose by more than 130% in 2025, starting the year near $29/oz and ending above $70/oz.
This was fueled by a persistent global supply deficit and increased industrial use in "green" technologies. The 2026 "Fast Horse": Early 2026 has seen silver continue to outperform gold in terms of percentage gains. Analysts from institutions like J.P. Morgan and Citigroup suggest that silver could average between $50 and $81 per ounce throughout 2026, with some bullish forecasts reaching as high as $100/oz.
Industrial Drivers: In Moldova and globally, the demand for silver is being propped up by the AI infrastructure boom (data centers) and the solar energy sector, both of which require silver's high electrical conductivity.
Local Market Context
Availability: Investment-grade silver (coins and bars) is primarily available through specialized numismatic shops or international platforms that ship to Moldova.
Commemorative Coins: The National Bank of Moldova regularly issues silver commemorative coins.
These often carry a "numismatic premium" over the raw silver spot price. Volatility Warning: Silver is nicknamed "the devil’s metal" due to its extreme price swings.
While the trend is currently upward, rapid drawdowns are common.