Investment-grade silver with a minimum purity of 99.9% is exempt from GST in Singapore under the Investment Precious Metals (IPM) scheme, introduced in 2012 to attract bullion trade to the country.
Live Silver Market
999 Silver Price in Singapore Today (SGD)
Last updated: Oct 8, 2026, 06:51 PM UTC
Silver Spot Price · Singapore
S$75.77SGD
= $59.21 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 1.2797 SGD
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Silver Spot Price – Today
Intraday XAG/SGD spot price (SGD per troy ounce)
Silver Price Performance
| Period | Change (SGD) | Change (%) |
|---|---|---|
| Today | +S$0.00 | +0.00% |
| 30 Days | +S$2.88 | +3.80% |
| 6 Months | S$-1.59 | -2.10% |
| 1 Year | +S$16.22 | +21.40% |
| 5 Years | +S$48.65 | +64.20% |
| 20 Years | +S$236.86 | +312.60% |
Silver Price Summary — SGD per Troy Ounce
Open
S$75.77
High
S$75.77
Low
S$75.77
Close (Prev)
S$75.77
Bid
S$75.66
$59.12 USD
Ask
S$75.89
$59.30 USD
Change
+S$0.00
Change %
+0.00%
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Silver Price Chart (TradingView)
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24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC) · SGD per troy ounce
Sydney
Tokyo
London
New York
Silver Price History in Singapore — Monthly Averages (SGD)
Monthly average, high and low silver prices per troy ounce in SGD
| Month | Avg Price | Monthly High | Monthly Low | Change |
|---|---|---|---|---|
| October 2026 Current | S$75.77 | S$78.80 | S$72.74 | -3.20% |
| September 2026 | S$78.28 | S$81.41 | S$75.15 | +4.80% |
| August 2026 | S$74.69 | S$77.68 | S$71.70 | -1.80% |
| July 2026 | S$76.06 | S$79.10 | S$73.02 | +7.10% |
| June 2026 | S$71.02 | S$73.86 | S$68.18 | -2.40% |
| May 2026 | S$72.76 | S$75.68 | S$69.85 | +3.80% |
| April 2026 | S$70.10 | S$72.91 | S$67.30 | -5.10% |
| March 2026 | S$73.87 | S$76.82 | S$70.91 | +2.90% |
| February 2026 | S$71.79 | S$74.66 | S$68.92 | +1.50% |
| January 2026 | S$70.73 | S$73.55 | S$67.90 | -4.10% |
| December 2025 | S$73.75 | S$76.70 | S$70.80 | +6.20% |
| November 2025 | S$69.44 | S$72.22 | S$66.67 | — |
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | SGD | USD | GBP | EUR | AED | AUD | CAD | INR | JPY | HKD | CHF | SAR | MYR | TRY | IDR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +8.4% | +12.0% | +10.5% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +18.3% | +12.0% | +9.2% | +12.0% | +10.8% | +52.4% | +14.6% |
| 2024 | +19.2% | +21.4% | +24.8% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +38.4% | +21.4% | +18.6% | +21.4% | +18.3% | +68.2% | +24.1% |
| 2023 | -1.4% | +0.4% | +3.1% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | +9.6% | +0.4% | -3.8% | +0.4% | +2.6% | +44.8% | +3.2% |
| 2022 | -7.1% | -3.5% | +10.8% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | +14.2% | -3.5% | -3.1% | -3.5% | +1.8% | +112.4% | -0.8% |
| 2021 | -13.2% | -11.7% | -17.2% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -12.4% | -11.7% | -13.2% | -11.7% | -12.4% | +29.6% | -8.4% |
| 2020 | +41.3% | +47.9% | +41.6% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +34.2% | +47.9% | +41.2% | +47.9% | +44.3% | +96.4% | +52.1% |
| 2019 | +12.8% | +15.3% | +20.4% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +10.1% | +15.3% | +13.6% | +15.3% | +14.2% | +38.6% | +18.4% |
| 2018 | -11.4% | -8.5% | -3.8% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -9.6% | -8.5% | -8.8% | -8.5% | -6.4% | +48.2% | -2.4% |
| 2017 | -4.1% | -1.2% | -8.6% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -3.8% | -1.2% | -4.6% | -1.2% | -4.8% | +18.4% | +1.6% |
| 2016 | +12.1% | +15.3% | +31.2% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +5.9% | +15.3% | +14.2% | +15.3% | +22.4% | +38.8% | +22.6% |
| 2015 | -14.2% | -11.9% | -8.3% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -10.6% | -11.9% | -9.4% | -11.9% | -8.6% | +12.4% | -3.8% |
| 2014 | -22.1% | -19.8% | -18.4% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -11.2% | -19.8% | -16.2% | -19.8% | -21.4% | -8.6% | -14.2% |
| 2013 | -38.6% | -35.9% | -38.1% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -11.4% | -35.9% | -34.8% | -35.9% | -36.2% | -24.6% | -28.4% |
| 2012 | +6.1% | +8.4% | +7.8% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +3.8% | +8.4% | +6.8% | +8.4% | +7.2% | +14.6% | +12.4% |
| 2011 | +65.3% | +74.0% | +71.3% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +56.2% | +74.0% | +62.4% | +74.0% | +71.8% | +88.6% | +78.4% |
Gold-Silver Ratio Today
How many ounces of silver equal one ounce of gold — a key valuation signal
Current Ratio
85:1
1 oz gold = 85 oz silver
Silver (SGD/oz)
S$75.77
XAG/SGD spot
Gold (SGD/oz)
S$6,441
XAU/SGD approx.
Silver Cheap (High Ratio)+31% vs long-run avgSilver Expensive (Low Ratio)
0avg (65)130
| Period | Ratio | Note |
|---|---|---|
| Ancient Rome | 12:1 | Fixed by law |
| 19th Century | 15.5:1 | Bimetallic standard |
| 20th Cent. Avg | 47:1 | Post gold standard |
| 1980 Low | 17:1 | Hunt Bros. squeeze |
| 2020 High | 125:1 | COVID crash |
| Long-run avg | 65:1 | Historical mean |
A high ratio means silver is historically cheap relative to gold. Gold price shown is approximate.
Historical Silver Price Charts in Singapore
30 Days Silver Price in Singapore+1.1%
S$75.77
60 Days Silver Price in Singapore+3.2%
S$75.77
1 Year Silver Price in Singapore+3.2%
S$75.77
2 Years Silver Price in Singapore+1.4%
S$75.77
5 Years Silver Price in Singapore+4.7%
S$75.77
10 Years Silver Price in Singapore-2.2%
S$75.77
All Time Silver Price in Singapore-8.4%
S$75.77
Where to Buy Silver in Singapore
Trusted silver dealers, bullion shops, and markets in Singapore — prices quoted in SGD
🏦
Best for RetailBullionStar
Bullion Dealer
📍 45 New Bridge Road, Singapore 059398
Singapore's most prominent bullion dealer and vault operator. Wide range of GST-exempt silver bars and coins. Walk-in or online with secure vault storage.
🏦
Investment GradeThe Singapore Mint
Bullion Dealer
📍 249 Jalan Boon Lay, Singapore 619523
Official government mint selling commemorative and bullion silver coins. Collector-grade products with premium above spot.
🏛️
InstitutionalUOB Bullion
Bank
📍 UOB Plaza, 80 Raffles Place, Singapore 048624
United Overseas Bank offers silver bars and investment accounts. Institutional credibility with tighter spreads than retail jewellers.
🏦
Best for RetailGold Silver Central
Bullion Dealer
📍 Midpoint Orchard, 220 Orchard Road, Singapore
Retail bullion shop in Orchard Road. Stocks silver coins, bars and rounds with walk-in buying and selling. Competitive spot-linked pricing.
🏦
Best for RetailCoin Hub
Bullion Dealer
📍 Peninsula Shopping Centre, Singapore
Specialist coin and bullion dealer popular with collectors and investors. Good selection of world silver coins and small bars.
🏦
InstitutionalSharps Pixley Singapore
Bullion Dealer
📍 One Raffles Place, Singapore 048616
Singapore arm of the London bullion house. LBMA-linked pricing, allocated storage and institutional-grade silver products.
Always verify current prices directly with dealers. Retail prices include dealer premiums above spot.
Frequently Asked Questions
Silver Prices in Other Cities
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Use our free calculators to value your silver, track profits, plan investments, and size your trades — all with live spot prices.
What Moves Silver Price in Singapore?
Singapore's Silver Market: Asia's Tax-Efficient Bullion Hub
Singapore has grown into Asia's premier precious metals trading centre over the past two decades. The Singapore Bullion Market Association (SBMA), founded in 1993, provides the industry framework for the city-state's bullion market and promotes Singapore as a global trading hub. Singapore's strategic position between the major demand centres of China and India — combined with its free port status, world-class financial infrastructure, and favourable tax environment — makes it a natural hub for regional silver flows. International refiners, banks, and investment funds maintain precious metals operations here, drawn by the combination of regulatory quality and fiscal efficiency.
GST Exemption Under the IPM Scheme
The most distinctive feature of Singapore's silver market is the GST exemption for investment-grade silver under the Investment Precious Metals (IPM) scheme, introduced in 2012. Physical silver products with a minimum purity of 99.9% are exempt from Singapore's 9% GST, provided they meet requirements set by the Inland Revenue Authority of Singapore (IRAS). This exemption significantly reduces the cost of buying physical silver compared to most other Asian markets. The Singapore Freeport houses billions of dollars in allocated precious metals for regional clients and serves as one of the world's premier silver custody locations, on par with London and Zurich.
SGD Silver Prices and Exchange Rate Dynamics
The Singapore Dollar is a managed float currency, guided by the Monetary Authority of Singapore (MAS) within a trade-weighted exchange rate band. Because silver is priced globally in USD, the SGD/USD exchange rate determines the local cost of silver for Singapore buyers. The MAS has historically maintained a policy of gradual SGD appreciation against the USD, which means the SGD silver price tends to rise more slowly than the USD price during bull markets — providing a partial natural hedge for Singapore-based buyers. Conversely, in USD bear markets, Singapore buyers pay less than the full dollar appreciation suggests.
Where to Buy Silver in Singapore
Singapore offers institutional and retail buyers a range of options. BullionStar on New Bridge Road is one of Singapore's most prominent bullion dealers, offering competitive premiums on PAMP and Valcambi bars as well as coins. Major banks including UOB and DBS offer silver savings accounts and investment products. The Singapore Freeport, operated by Le Freeport Singapore, provides the highest security allocated storage available in Southeast Asia. Online platforms such as GoldSilver Central and Silver Bullion serve the retail market with home delivery and vault storage options.
What Drives Silver Prices in Singapore
Global XAG/USD spot price movements are the primary driver of Singapore silver prices, with the SGD/USD exchange rate as a secondary factor. Singapore is also uniquely sensitive to Chinese economic conditions — as a regional gateway for mainland Chinese institutional demand, periods of strong Chinese industrial activity in solar, electronics, and automotive manufacturing create upward pressure on physical silver premiums in Singapore above global spot levels. US Federal Reserve monetary policy and COMEX positioning by large speculative funds flow through to Singapore prices in real time through the continuous global silver market.
Silver Investment in Singapore
Singapore's tax environment is highly favourable for silver investors. There is no capital gains tax, meaning profits on silver sales are entirely tax-free. Combined with the GST exemption for investment-grade silver under the IPM scheme, this makes Singapore one of the lowest-friction environments in the world for precious metals ownership. The city's political stability, strong rule of law, geographic position at the centre of Asia's fastest-growing economies, and world-class vaulting infrastructure also make it a preferred jurisdiction for long-term allocated silver storage — particularly for investors from higher-risk jurisdictions seeking secure, geopolitically stable custody for their precious metals holdings.
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