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Abstract The silver‐fluorine phase diagram has been scrutinized as a function of external pressure using theoretical methods. Our results indicate that two novel stoichiometries containing Ag⁺and Ag²⁺cations (Ag₃F₄and Ag₂F₃) are thermodynamically stable at ambient and low pressure. Both are computed to be magnetic semiconductors under ambient pressure conditions. For Ag₂F₅, containing both Ag²⁺and Ag³⁺, we find that strong 1D antiferromagnetic coupling is retained throughout the pressure‐induced phase transition sequence up to 65 GPa. Our calculations show that throughout the entire pressure range of their stability the mixed‐valence fluorides preserve a finite band gap at the Fermi level. We also confirm the possibility of synthesizing AgF₄as a paramagnetic compound at high pressure. Our results indicate that this compound is metallic in its thermodynamic stability region. Finally, we present general considerations on the thermodynamic stability of mixed‐valence compounds of silver at high pressure.