Every eighth Pole has already bought investment silver. Following spectacular price increases, a correction in product prices is now underway. As observed by Mennica Skarbowa, more and more clients are betting on a rebound in the price of this metal.
Silver is ceasing to be merely gold’s “younger brother.” According to the latest ARC Rynek i Opinia survey, commissioned by Mennica Skarbowa, 12% of Poles already declare having bought investment silver in the form of bars or coins. While it remains less popular than gold, which was bought by 18% of respondents, interest in silver is clearly growing. At the same time, over the past several months silver has been one of the most profitable investment assets in the world. The price of silver investment products is currently falling, but as representatives of Mennica Skarbowa observe, more and more clients are appearing on the market who are willing to buy this metal in the hope of a price increase.
According to the ARC Rynek i Opinia survey, 12% of Poles have bought investment silver. Men decide to buy it considerably more often than women (16% versus 8%). In terms of place of residence, residents of towns with 50,000 to 99,000 inhabitants stand out, where the share of buyers reaches 20%. Rural residents buy silver least often (10%). Moreover, more than half of gold buyers (55%) declare that they have also invested in silver, which shows that both metals are often treated as part of the same investment strategy. The survey also indicates that silver is chosen more often by people who already have experience in the precious metals market.
Silver has earned investors more than most popular assets
The past several months have been exceptionally successful for investors holding silver. As recently as spring 2025, an ounce of silver cost around $32–33, while by the end of the year prices exceeded $50, occasionally reaching as much as $75 per ounce. This represents an increase measured in tens of percent, and depending on the comparison period, even more than 70%.
– „For years, investors’ attention was focused mainly on gold. Meanwhile, silver has recently shown that it can generate very attractive rates of return. We’re seeing growing interest from clients who are looking for an alternative to traditional forms of saving and want to diversify their investment portfolio. Our research shows that one in eight Poles has already bought silver coins or bars. Interestingly, silver products are usually bought by people who previously invested in gold. And the current correction in silver prices is attracting new clients who are counting on prices rebounding to a higher level, especially since silver products such as coins or bars are considerably cheaper than their gold equivalents.” – says Adam Stroniawski, member of the Management Board of Mennica Skarbowa.
At the same time, the market is seeing a correction in gold prices following the historic highs reached in recent months. Many investors view the current declines as a buying opportunity and expect prices to return to their previous record levels. Corrections following periods of dynamic growth are a natural part of how the precious metals market functions. However, growing interest in both gold and silver means that the authenticity of the metal being purchased is becoming increasingly important. Experts emphasize that investors should use only verified sources of purchase and pay attention to certificates and the origin of products.
– „The more popular precious metals become, the more active dishonest sellers become. That’s why it’s crucial to buy from reputable dealers and to have basic knowledge that allows you to verify a product’s authenticity. In the case of silver, there are several simple methods that can even be used at home” – adds Adam Stroniawski.
How to check whether silver is genuine?
Experts point to several simple methods for making an initial assessment of the authenticity of silver coins and bars:
- Magnet test – silver is not a ferromagnetic metal. A strong neodymium magnet should not attract the coin or bar. At the same time, when sliding across the surface of silver, the magnet should move noticeably more slowly than it would on an ordinary metal.
- Weight and dimension measurement – reputable coins and bars have precisely defined weight and dimensions. Even small deviations can indicate a forgery.
- Sound test – silver produces a characteristic, long-ringing high-pitched sound when lightly struck. Base-metal alloys sound much duller.
- Marking check – an investor should check the silver fineness, manufacturer’s marks, and serial numbers found on bars.
- Thermal conductivity test – silver conducts heat very quickly. An ice cube placed on a silver bar melts noticeably faster than on most other metals.
Experts stress, however, that home tests are only indicative in nature. Full certainty is provided only by professional equipment used by precious metals dealers.
The ARC Rynek i Opinia survey was conducted in March 2026 using the CAWI method on a representative sample of 1,020 Poles aged 18–65.
Mennica Skarbowa is the largest distributor of investment gold and other precious metals in Poland. The company is listed on NewConnect, the alternative market of the Warsaw Stock Exchange. The company’s main area of business is the sale of investment gold (bars and bullion coins), as well as other precious metals, diamonds, and collectible products. Products from Mennica Skarbowa’s offer can be purchased at 16 branches: in Białystok, Bydgoszcz, Częstochowa, Gdańsk, Kalisz, Katowice, Kielce, Kraków, Lublin, Łódź, Poznań, Rzeszów, Szczecin, Warsaw, Wrocław, and Zielona Góra, as well as via the website: mennicaskarbowa.pl.
