In the past year the price of silver has surged to levels we haven’t seen in years — and that’s been tough for makers, jewellers, and anyone who buys precious metals.
Right now in the UK, the spot price of silver per troy ounce (the standard measure) is sitting around £50–£55 per ounce (about £53.20 on recent live charts).
To give you a sense of how much things have shifted:
✨ In 2025, global silver prices soared more than 140–160% year-on-year — making silver one of the top-performing commodity assets in the market.
✨ That means prices that might once have been closer to £20–£30 per ounce are now regularly trading above £50 per ounce in the UK.
✨ Industrial demand — from electronics to solar panels and EVs — continues to push demand even higher.
So if sterling silver costs are climbing like this, why haven’t my jewellery prices gone up with them?
Silver Is Cyclical — Prices Go Up and Down
Commodities like silver are known for volatility. They go through cycles of rapid growth and then levelling out. Metals markets are sensitive to investment flows, interest-rate expectations, currency strength, and industrial demand — all of which can fluctuate widely from month to month.
Right now we’re seeing a strong upswing, but history shows that metals don’t always stay at peak levels forever.
I Prefer Stability and Fairness for You
Rather than increase jewellery prices every time commodity markets spike, I’m holding prices steady while silver finds its footing. Many makers have already raised prices and passed the metal cost straight on to customers — and that’s understandable. But I want my collections to stay accessible, fair, and not dictated by short-term swings that might level out.
I’m Watching the Market Closely
If silver prices do settle at a sustainable new level over the medium term, I’ll review costs — because ultimately a handmade business needs to be viable. But for now, I’m choosing customer value over knee-jerk pricing moves.
What This Means for You
✅ You can still buy the sterling silver pieces you love at the current prices without worrying they’ll climb this week just because the metal did.
✅ I’m absorbing some of the metal price movements personally so you don’t have to feel sudden inflation on your favourite jewellery.
✅ If the silver market truly finds a new long-term normal, I’ll be transparent with you before prices change.
In Short
Silver has been on a historic run — especially in 2025 — with prices in UK sterling climbing significantly. But while the metal markets are volatile and often cyclical, I’m choosing not to raise Louella Jewellery prices just yet. I want to give you consistency, fairness, and beautiful pieces you can trust without reacting to every market headline.
If you’re curious about how silver price trends could affect jewellery costs long-term, I can walk you through the numbers anytime. Just ask!