![](https://www.theexeterdaily.co.uk/sites/default/files/styles/content_area_cover/public/field/image/pexels-rethaferguson-3621104_2.jpg?itok=AJHDtSso)
Silver investing: Who wins Euro 2024?
With the Euros well underway and the quarter-finals shaping up nicely, we share data from precious metal investing platform BullionVault which looks at which country tops the leaderboard when it comes to silver investing, the results may surprise you!
Hungary tops the leaderboard for average holdings per investor
When looking at the data per investor Hungary tops the leaderboard with Portugal and Switzerland coming second and third respectively. Interestingly based on the data some of the larger nations in Europe (Spain, England, Italy, France, etc) fall behind some of the ‘smaller’ nations in terms of population size.
The data taken from BullionVault’s membership base shows that there is plenty of demand for silver investment and despite gold taking most of the headlines in 2024. Silver is actually up 23.9% for UK investors since the New Year outperforming gold that has risen 12.7% since 2024 began.
How much silver is in the trophy?
Whilst many will be looking to get their hands on the trophy, it may not necessarily be for the silver content! Below BullionVault summarise how the trophy compares to some of the other major trophies in football:
“The current Henri Delaunay trophy – named after the first General Secretary of UEFA – was made by London jewellers Asprey in 2008. Made from 8 kilograms of Sterling silver, the cup contains £5,468 of bullion at today's prices. While it represents one of the world's most coveted trophies, it is lighter than the Premier League trophy (9.5kg without its base) but slightly heavier than the UEFA Champions League trophy (7.5kg) or FA Cup (6.3kg).
Altogether, users of BullionVault today own 1,164 tonnes of silver – worth £866 million today, and enough to make 157,380 Euro trophies – all stored and insured inside high-security vaults. More than half of it is held in Switzerland (53.9%), one third in London (37.5%), plus a little in Singapore (6.4%) and Toronto (2.1%).”
What are England's hopes?
Despite England’s high demand for precious metal investing, when looking at the data for individual investors they fall well short. Interestingly when looking at the data on a national scale England is well ahead of the nearest competitor Germany. We will see if they fare as well in the final 8 of the competition.