Silver Price in Switzerland (CHF): 999 Fine, 925 Sterling & 8.1% VAT Guide
Track the silver price per gram and kg in Swiss Francs (CHF). Full guide on 8.1% VAT, 999 fine silver, 925 Sterling, and duty-free vaults.
Key facts
- 999 Fine Silver
- Investment standard (bars and coins)
- Swiss VAT on Silver
- 8.1% VAT for individuals (Duty-free vault storage exempt)
- 925 Sterling Silver
- Jewelry standard (92.5% pure silver)
- Gold / Silver Ratio
- How many silver oz equal 1 gold oz
At a glancePhysical silver (*XAG*) is experiencing massive renewed demand in Switzerland. Often dubbed gold's volatile sibling, silver fulfills a dual economic role: a monetary store of value during currency debasement and a critical industrial raw material for solar photovoltaics, electric vehicles, and 5G telecommunications. However, Swiss taxation on silver differs substantially from gold.
Silver Fineness Grades and Benchmark Pricing in Switzerland
| Silver Grade | Fineness (‰) | Fine Content | Common Name | Typical Format | Indicative Value CHF/kg (2026) |
|---|---|---|---|---|---|
| Fine Silver 999 | 999.0‰ | 99.9% | Feinsilber / Pure Silver | 1 kg and 5 kg bars, Maple Leaf | CHF 950 – 1,250 /kg |
| Sterling Silver 925 | 925.0‰ | 92.5% | Sterling Silver | Fine jewelry, Swiss commemorative coins | CHF 850 – 1,150 /kg |
| Continental Silver 835 | 835.0‰ | 83.5% | Continental Grade | Vintage Swiss tableware, hollowware | CHF 750 – 1,020 /kg |
| Table Silver 800 | 800.0‰ | 80.0% | Altsilber | Estate flatware, plates, candlesticks | CHF 720 – 980 /kg |
The Swiss VAT Rule: Why Silver Incurs 8.1% VAT
Under Swiss law, silver is classified as an industrial commercial metal:
Swiss VAT on Silver Delivery: Any purchase of physical silver delivered inside Swiss territory is subject to standard 8.1% VAT.
The Solution: Tax-Free Bonded Storage (Zollfreilager)
To legally avoid the 8.1% VAT drag on silver, institutional and private investors store 1 kg, 5 kg, or 15 kg bars in Swiss Bonded Warehouses (Zollfreilager / Ports Francs) in Zurich or Geneva:
- Bars are purchased and held in duty-free transit with 0% VAT.
- VAT becomes payable only upon physical withdrawal to a domestic Swiss address.
- Re-selling inside the bonded facility takes place entirely VAT-free.
Selling Estate Silver Flatware (800 Silver)
- The knife blade trap: Silver knife blades are stainless steel, and the hollow silver handles are filled with plaster or resin. A 100g knife typically contains only 15 to 22 grams of actual 800 silver.
- Silver-plated cutlery: Items stamped '90', '100', '120', or 'EPNS' are electroplated base metals holding virtually zero scrap melt value.
Frequently Asked Questions: Silver Price in Switzerland
Do vintage Swiss 5 Francs coins contain silver? Only Swiss 5 Francs coins minted up to 1967 (and the 1969 commemorative) contain 835 silver (15g fine silver). From 1968 onwards, they are cupronickel.
Are 1-kilo bars more cost-effective than 1-ounce coins? Yes, 1 kg bars feature significantly lower manufacturing premiums than individual 1 oz silver coins.
Buy Investment Silver in High-Security Vaults
Buy and store physical gold in secure Zurich or Geneva vaults at direct live LBMA spot rates.
Scrap silver value
Scrap metal value
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