{"id":21781,"date":"2026-10-16T07:19:06","date_gmt":"2026-10-16T06:19:06","guid":{"rendered":"https:\/\/metalsradar.com\/?post_type=blog&#038;p=21781"},"modified":"2026-10-16T07:19:06","modified_gmt":"2026-10-16T06:19:06","slug":"silver-investment-singapore","status":"publish","type":"blog","link":"https:\/\/metalsradar.com\/sg\/blog\/silver-investment-singapore\/","title":{"rendered":"Why You Should Consider Silver Investment in Singapore"},"content":{"rendered":"<div class=\"mrf-takeaways\">\n<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Worth a look:<\/strong> silver investment gives you a hard asset for under S$100 an ounce, and qualifying coins and bars are exempt from GST in Singapore.<\/li>\n<li><strong>Price today:<\/strong> silver spot was S$74.08 per troy ounce on 16 October 2026, 7.0% higher than a year earlier, according to the Metals Radar price service.<\/li>\n<li><strong>Big swings:<\/strong> in the last 12 months silver rose from S$60.60 to S$147.81 and then lost about half of that peak. Gold moved far less.<\/li>\n<li><strong>Premiums vary a lot:<\/strong> the cheapest 1 oz silver coin in our Singapore comparison cost 4.6% over spot, the most expensive one 20.7%.<\/li>\n<li><strong>GST rule:<\/strong> silver must be at least 99.9% pure and meet the IRAS criteria for Investment Precious Metals (IPM). Otherwise you pay 9% GST.<\/li>\n<\/ul>\n<\/div>\n<p>Most people in Singapore think of gold first when they want to hold precious metals. Silver investment gets less attention, even though it is cheaper per ounce, GST-exempt in the right form and sold by the same local dealers.<\/p>\n<p>Is it a good fit for you? This guide looks at the reasons to buy silver, the risks that come with it, how the GST exemption works and what you actually pay in Singapore today. Our numbers come from the <a href=\"\/sg\/charts\/silver-price\/\">silver price chart in SGD<\/a> and our <a href=\"\/sg\/categories\/silver-investment\/\">silver price comparison<\/a>.<\/p>\n<h2>What Is Silver Investment?<\/h2>\n<p>Silver investment means buying silver for its metal value rather than for use or decoration. The price of investment silver follows the <a href=\"\/sg\/glossary\/spot-price\/\">spot price<\/a>, which is the current market price for one troy ounce (31.1 grams) of pure silver.<\/p>\n<p>There are two broad ways to do it:<\/p>\n<ul>\n<li>physical silver: bullion coins and bars that you own and can hold, store at home or keep in a vault,<\/li>\n<li>paper silver: exchange-traded funds, futures, mining shares or bank accounts that track the price without giving you metal.<\/li>\n<\/ul>\n<p>This article focuses on physical silver, because that is where your choice of product, dealer and tax treatment makes the biggest difference. What do you actually get for your money? With <a href=\"\/sg\/glossary\/bullion\/\">bullion<\/a>, you get a weighed and stamped piece of metal whose value moves with the market.<\/p>\n<h3>Silver bullion vs silver jewellery<\/h3>\n<p>Silver jewellery and cutlery are usually sterling silver (92.5% pure) and carry a large mark-up for design and labour. They are pleasant to own, but they rarely sell back for much more than their metal content. Bullion is priced close to spot, which makes it the better tool for investment.<\/p>\n<h2>6 Reasons to Consider Silver Investment<\/h2>\n<p>Why do investors in Singapore add silver to their savings? Here are the main arguments, each with the facts behind it.<\/p>\n<h3>1. A low entry price<\/h3>\n<p>On 16 October 2026, one troy ounce of silver cost S$74.08 at spot, while one ounce of gold cost S$5,352.98. That works out to about S$2.38 per gram of silver, or roughly S$2,382 for a kilogram at spot.<\/p>\n<p>So what does this mean in practice? You can start with a single coin and build a position month by month, without committing thousands of dollars at once.<\/p>\n<h3>2. GST exemption for investment-grade silver<\/h3>\n<p>Since 1 October 2012, Singapore has exempted Investment Precious Metals from GST. Silver qualifies when it is at least 99.9% pure and meets the other IRAS conditions. We explain them in detail further down.<\/p>\n<h3>3. Industrial demand<\/h3>\n<p>Silver is a working metal as much as a store of value. It conducts electricity and heat better than any other metal, which is why it is used in electronics, solar panels and cars. The Silver Institute reported in its World Silver Survey 2025 (April 2025) that industrial demand reached a record 680.5 million ounces.<\/p>\n<p>In April 2026, the Silver Institute published a release headlined &#8220;Silver Market in a Deficit for Fifth Straight Year&#8221;. A deficit means that demand exceeded supply in that year. It does not guarantee higher prices, but it explains why many investors follow silver closely.<\/p>\n<h3>4. Diversification next to gold<\/h3>\n<p>Silver and gold often move in the same direction, but not always at the same speed. Over the 12 months to 16 October 2026, silver gained 7.0% in Singapore dollars while gold lost 3.1%, according to our price data. Holding both spreads your exposure across two markets with different drivers.<\/p>\n<h3>5. No counterparty risk when you hold it<\/h3>\n<p>A silver coin in your safe does not depend on a bank, a fund manager or a company keeping its promise. That is the main difference from paper silver, where you own a claim rather than the metal. The trade-off is that you are responsible for storage and insurance.<\/p>\n<h3>6. The gold to silver ratio<\/h3>\n<p>The gold to silver ratio shows how many ounces of silver you need to buy one ounce of gold. On 16 October 2026 it stood at 72.3. Over the previous 12 months it ranged from 46.2 (27 January 2026) to 84.9 (27 October 2025), based on our SGD spot data.<\/p>\n<p>Some investors buy silver when the ratio is high and switch towards gold when it falls. It is a rule of thumb, not a forecast. You can follow it on our <a href=\"\/sg\/charts\/gold-silver-ratio\/\">gold to silver ratio chart<\/a>.<\/p>\n<h2>Silver Price in Singapore: The Last 12 Months<\/h2>\n<p>The numbers below show why silver is often called gold&#8217;s restless cousin. Over the 12 months to 16 October 2026, the silver spot price in SGD went through a full boom and bust.<\/p>\n<figure class=\"mrf-chart\">\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 720 320\" role=\"img\" aria-labelledby=\"sgsilv\" style=\"width:100%;height:auto;font-family:inherit\">\n<title id=\"sgsilv\">Silver spot price in Singapore dollars per troy ounce, 16 October 2025 to 16 October 2026<\/title>\n<line x1=\"60\" x2=\"700\" y1=\"260.0\" y2=\"260.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"264.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">S$40<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"202.5\" y2=\"202.5\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"206.5\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">S$70<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"145.0\" y2=\"145.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"149.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">S$100<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"87.5\" y2=\"87.5\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"91.5\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">S$130<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"30.0\" y2=\"30.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"34.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">S$160<\/text>\n<polyline points=\"60.0,203.9 61.8,204.9 63.5,207.7 65.3,207.7 67.0,207.1 68.8,212.2 70.5,215.9 72.3,214.8 74.0,215.8 75.8,215.5 77.5,215.6 79.3,218.6 81.0,220.5 82.8,217.8 84.5,216.4 86.3,214.7 88.1,215.2 89.8,215.2 91.6,215.2 93.3,217.3 95.1,216.8 96.8,215.8 98.6,215.5 100.3,215.9 102.1,215.9 103.8,212.1 105.6,209.4 107.3,206.2 109.1,203.6 110.8,207.0 112.6,210.4 114.4,210.4 116.1,210.0 117.9,211.0 119.6,208.1 121.4,208.9 123.1,211.7 124.9,211.2 126.6,211.1 128.4,210.5 130.1,208.4 131.9,206.0 133.6,204.1 135.4,200.5 137.2,196.2 138.9,196.2 140.7,193.6 142.4,193.4 144.2,191.6 145.9,193.8 147.7,192.4 149.4,191.7 151.2,191.7 152.9,192.0 154.7,189.6 156.4,184.7 158.2,181.0 159.9,180.3 161.7,183.2 163.5,183.2 165.2,179.9 167.0,180.0 168.7,173.4 170.5,173.3 172.2,172.6 174.0,170.2 175.7,170.1 177.5,166.3 179.2,163.9 181.0,159.4 182.7,159.3 184.5,150.1 186.2,141.2 188.0,140.8 189.8,151.8 191.5,151.4 193.3,158.5 195.0,159.9 196.8,156.0 198.5,157.0 200.3,157.0 202.0,149.2 203.8,141.1 205.5,142.3 207.3,148.5 209.0,143.5 210.8,139.4 212.5,139.3 214.3,128.4 216.1,123.4 217.8,111.9 219.6,113.1 221.3,113.8 223.1,113.7 224.8,113.6 226.6,105.7 228.3,104.3 230.1,105.2 231.8,104.3 233.6,91.7 235.3,83.3 237.1,83.2 238.8,71.6 240.6,69.0 242.4,60.3 244.1,53.4 245.9,94.0 247.6,128.9 249.4,129.4 251.1,141.8 252.9,128.4 254.6,121.5 256.4,147.2 258.1,154.3 259.9,146.4 261.6,146.2 263.4,137.7 265.2,138.6 266.9,134.2 268.7,141.0 270.4,148.7 272.2,148.8 273.9,148.9 275.7,151.2 277.4,156.7 279.2,152.1 280.9,146.8 282.7,139.8 284.4,130.5 286.2,130.3 287.9,125.0 289.7,124.0 291.5,118.1 293.2,123.1 295.0,115.1 296.7,108.8 298.5,108.7 300.2,111.2 302.0,128.7 303.7,129.9 305.5,132.8 307.2,130.7 309.0,129.0 310.7,129.4 312.5,129.7 314.2,120.0 316.0,124.9 317.8,127.6 319.5,133.7 321.3,138.5 323.0,138.7 324.8,139.6 326.5,139.5 328.3,145.7 330.0,158.3 331.8,161.9 333.5,170.0 335.3,169.8 337.0,170.9 338.8,166.7 340.5,158.1 342.3,166.3 344.1,165.4 345.8,164.3 347.6,164.6 349.3,162.7 351.1,155.0 352.8,152.1 354.6,158.5 356.3,156.5 358.1,156.5 359.8,156.7 361.6,157.2 363.3,158.1 365.1,150.8 366.8,153.8 368.6,151.0 370.4,150.9 372.1,151.4 373.9,153.8 375.6,146.1 377.4,142.9 379.1,142.9 380.9,140.8 382.6,139.3 384.4,139.6 386.1,141.8 387.9,145.8 389.6,146.3 391.4,150.5 393.2,151.5 394.9,151.0 396.7,151.2 398.4,151.9 400.2,156.5 401.9,158.9 403.7,157.0 405.4,153.4 407.2,151.7 408.9,151.6 410.7,155.6 412.4,157.2 414.2,150.3 415.9,143.9 417.7,141.4 419.5,141.2 421.2,141.3 423.0,134.5 424.7,128.2 426.5,123.5 428.2,127.0 430.0,144.6 431.7,150.0 433.5,149.9 435.2,149.1 437.0,151.3 438.7,151.8 440.5,150.7 442.2,150.0 444.0,151.1 445.8,150.6 447.5,145.6 449.3,148.9 451.0,152.1 452.8,154.5 454.5,151.2 456.3,151.9 458.0,152.0 459.8,152.0 461.5,150.9 463.3,154.5 465.0,155.2 466.8,162.1 468.5,169.4 470.3,169.4 472.1,168.6 473.8,171.1 475.6,177.9 477.3,176.6 479.1,170.8 480.8,169.0 482.6,168.6 484.3,163.4 486.1,164.3 487.8,165.0 489.6,169.7 491.3,176.2 493.1,175.9 494.8,175.9 496.6,173.3 498.4,181.4 500.1,188.0 501.9,193.2 503.6,192.0 505.4,189.6 507.1,189.8 508.9,191.8 510.6,190.8 512.4,190.4 514.1,186.7 515.9,182.2 517.6,182.0 519.4,181.9 521.2,182.6 522.9,185.7 524.7,189.9 526.4,189.4 528.2,188.2 529.9,188.2 531.7,188.4 533.4,192.4 535.2,191.9 536.9,192.5 538.7,197.0 540.4,198.7 542.2,198.0 543.9,198.0 545.7,196.1 547.5,191.7 549.2,188.7 551.0,191.7 552.7,192.6 554.5,192.4 556.2,192.1 558.0,190.5 559.7,194.4 561.5,193.6 563.2,192.3 565.0,194.0 566.7,195.0 568.5,194.9 570.2,193.9 572.0,190.7 573.8,185.1 575.5,184.6 577.3,180.8 579.0,180.2 580.8,180.2 582.5,178.2 584.3,176.6 586.0,175.3 587.8,177.1 589.5,178.0 591.3,177.7 593.0,177.7 594.8,175.6 596.5,178.1 598.3,178.5 600.1,172.3 601.8,168.1 603.6,168.6 605.3,168.6 607.1,168.4 608.8,169.7 610.6,169.5 612.3,168.5 614.1,169.2 615.8,174.7 617.6,174.7 619.3,174.0 621.1,177.0 622.8,178.9 624.6,175.1 626.4,175.0 628.1,175.6 629.9,175.6 631.6,176.2 633.4,175.6 635.1,174.3 636.9,177.4 638.6,180.6 640.4,179.7 642.1,179.7 643.9,181.9 645.6,181.8 647.4,179.9 649.2,178.3 650.9,173.8 652.7,174.2 654.4,174.2 656.2,174.5 657.9,174.7 659.7,176.4 661.4,179.9 663.2,179.2 664.9,178.9 666.7,179.0 668.4,185.8 670.2,187.0 671.9,187.7 673.7,186.2 675.5,188.3 677.2,188.3 679.0,187.6 680.7,186.7 682.5,186.1 684.2,189.7 686.0,190.1 687.7,187.1 689.5,187.1 691.2,186.7 693.0,188.4 694.7,191.7 696.5,199.6 698.2,195.7 700.0,194.7\" fill=\"none\" stroke=\"#56637a\" stroke-width=\"2\"\/>\n<text x=\"60.0\" y=\"280\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Oct 2025<\/text>\n<text x=\"195.0\" y=\"280\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Jan 2026<\/text>\n<text x=\"352.8\" y=\"280\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Apr 2026<\/text>\n<text x=\"512.4\" y=\"280\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Jul 2026<\/text>\n<text x=\"673.7\" y=\"280\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Oct 2026<\/text>\n<circle cx=\"81.0\" cy=\"220.5\" r=\"5\" fill=\"#b8860b\"\/><text x=\"81.0\" y=\"242.5\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">S$60.60 (28 Oct 2025)<\/text>\n<circle cx=\"244.1\" cy=\"53.4\" r=\"5\" fill=\"#b8860b\"\/><text x=\"244.1\" y=\"43.4\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">S$147.81 (29 Jan 2026)<\/text>\n<circle cx=\"700.0\" cy=\"194.7\" r=\"5\" fill=\"#b8860b\"\/><text x=\"692.0\" y=\"182.7\" text-anchor=\"end\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">S$74.08 today<\/text>\n<text x=\"60\" y=\"308\" font-size=\"12\" fill=\"#56637a\">Silver spot, S$ per troy ounce, daily<\/text>\n<\/svg><figcaption>Silver spot price in Singapore dollars per troy ounce, daily, 16 October 2025 to 16 October 2026. Source: Metals Radar price service.<\/figcaption><\/figure>\n<p>Here is what happened, step by step:<\/p>\n<ul>\n<li>the low came on 28 October 2025 at S$60.60 per ounce,<\/li>\n<li>by 29 January 2026 silver had climbed to S$147.81, a gain of about 144%,<\/li>\n<li>on the next two days the price fell by 14.3% and then by another 14.4%,<\/li>\n<li>on 16 October 2026 silver stood at S$74.08, about 50% below the January peak.<\/li>\n<\/ul>\n<p>Would gold have given you the same ride? No, and the table shows the difference.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Measure (SGD, per troy ounce)<\/th>\n<th>Silver<\/th>\n<th>Gold<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Spot price, 16 October 2026<\/td>\n<td>S$74.08<\/td>\n<td>S$5,352.98<\/td>\n<\/tr>\n<tr>\n<td>Spot price, 16 October 2025<\/td>\n<td>S$69.25<\/td>\n<td>S$5,522.45<\/td>\n<\/tr>\n<tr>\n<td>Change over 12 months<\/td>\n<td>+7.0%<\/td>\n<td>-3.1%<\/td>\n<\/tr>\n<tr>\n<td>Change since 31 December 2025<\/td>\n<td>-20.3%<\/td>\n<td>-3.8%<\/td>\n<\/tr>\n<tr>\n<td>12-month high<\/td>\n<td>S$147.81 (29 January 2026)<\/td>\n<td>S$6,901.39 (29 January 2026)<\/td>\n<\/tr>\n<tr>\n<td>Days with a move of more than 3%<\/td>\n<td>67 of 365<\/td>\n<td>10 of 365<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Daily spot readings in SGD, 16 October 2025 to 16 October 2026. Source: Metals Radar price service.<\/figcaption><\/figure>\n<p>The lesson is simple. Silver can reward patience, but timing matters far more than with gold, and short-term holders can get hurt.<\/p>\n<h2>The Downsides: What Silver Investors Should Know<\/h2>\n<p>A fair look at silver investment has to include the costs. These are the points most first-time buyers underestimate:<\/p>\n<ul>\n<li>volatility: as the table above shows, silver moved more than 3% in a day almost seven times as often as gold,<\/li>\n<li>higher premiums: minting and handling cost roughly the same per coin, so they weigh more heavily on a cheap silver ounce,<\/li>\n<li>bulk: S$10,000 buys about 58 grams of gold at spot, but about 4.2 kg of silver, which needs far more storage space,<\/li>\n<li>a wider <a href=\"\/sg\/glossary\/bid-ask-spread\/\">bid-ask spread<\/a>: the gap between what a dealer charges and what it pays back is usually larger for silver.<\/li>\n<\/ul>\n<h3>How much over spot do you pay in Singapore?<\/h3>\n<p>The <a href=\"\/sg\/glossary\/premium-over-spot\/\">premium over spot<\/a> is the difference between the price you pay and the metal value of the coin. The formula is: premium % = (price paid \u2212 spot value) \/ spot value \u00d7 100.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>1 oz coin<\/th>\n<th>Metal<\/th>\n<th>Price in Singapore<\/th>\n<th>Premium over spot<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Krugerrand (random year)<\/td>\n<td>Gold<\/td>\n<td>S$5,528.12<\/td>\n<td>3.3%<\/td>\n<\/tr>\n<tr>\n<td>Kangaroo 2025<\/td>\n<td>Gold<\/td>\n<td>S$5,543.66<\/td>\n<td>3.6%<\/td>\n<\/tr>\n<tr>\n<td>Britannia 2025<\/td>\n<td>Silver<\/td>\n<td>S$77.48<\/td>\n<td>4.6%<\/td>\n<\/tr>\n<tr>\n<td>Kangaroo 2025<\/td>\n<td>Silver<\/td>\n<td>S$80.38<\/td>\n<td>8.5%<\/td>\n<\/tr>\n<tr>\n<td>American Eagle 2023<\/td>\n<td>Silver<\/td>\n<td>S$86.19<\/td>\n<td>16.4%<\/td>\n<\/tr>\n<tr>\n<td>Mexican Libertad 2013<\/td>\n<td>Silver<\/td>\n<td>S$89.39<\/td>\n<td>20.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Cheapest current offer per coin at Singapore dealers tracked by Metals Radar (Silver Bullion), before delivery. Spot: S$74.08 (silver) and S$5,352.98 (gold) per ounce. Source: Metals Radar price service, 16 October 2026.<\/figcaption><\/figure>\n<figure class=\"mrf-chart\">\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 720 320\" role=\"img\" aria-labelledby=\"sgprem\" style=\"width:100%;height:auto;font-family:inherit\">\n<title id=\"sgprem\">Premium over spot for 1 oz gold and silver bullion coins in Singapore, 16 October 2026<\/title>\n<line x1=\"60\" x2=\"700\" y1=\"250.0\" y2=\"250.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"254.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">0%<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"206.0\" y2=\"206.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"210.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">5%<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"162.0\" y2=\"162.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"166.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">10%<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"118.0\" y2=\"118.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"122.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">15%<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"74.0\" y2=\"74.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"78.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">20%<\/text>\n<line x1=\"60\" x2=\"700\" y1=\"30.0\" y2=\"30.0\" stroke=\"#e5e9f0\"\/><text x=\"52\" y=\"34.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">25%<\/text>\n<rect x=\"86.7\" y=\"221.0\" width=\"53.3\" height=\"29.0\" rx=\"3\" fill=\"#b8860b\"\/><text x=\"113.3\" y=\"214.0\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">3.3%<\/text><text x=\"113.3\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Krugerrand gold<\/text>\n<rect x=\"193.3\" y=\"218.3\" width=\"53.3\" height=\"31.7\" rx=\"3\" fill=\"#b8860b\"\/><text x=\"220.0\" y=\"211.3\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">3.6%<\/text><text x=\"220.0\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Kangaroo gold<\/text>\n<rect x=\"300.0\" y=\"209.5\" width=\"53.3\" height=\"40.5\" rx=\"3\" fill=\"#56637a\"\/><text x=\"326.7\" y=\"202.5\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">4.6%<\/text><text x=\"326.7\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Britannia silver<\/text>\n<rect x=\"406.7\" y=\"175.2\" width=\"53.3\" height=\"74.8\" rx=\"3\" fill=\"#56637a\"\/><text x=\"433.3\" y=\"168.2\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">8.5%<\/text><text x=\"433.3\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Kangaroo silver<\/text>\n<rect x=\"513.3\" y=\"105.7\" width=\"53.3\" height=\"144.3\" rx=\"3\" fill=\"#56637a\"\/><text x=\"540.0\" y=\"98.7\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">16.4%<\/text><text x=\"540.0\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Silver Eagle<\/text>\n<rect x=\"620.0\" y=\"67.8\" width=\"53.3\" height=\"182.2\" rx=\"3\" fill=\"#56637a\"\/><text x=\"646.7\" y=\"60.8\" text-anchor=\"middle\" font-size=\"13\" font-weight=\"600\" fill=\"#0d1726\">20.7%<\/text><text x=\"646.7\" y=\"270\" text-anchor=\"middle\" font-size=\"12\" fill=\"#0d1726\">Libertad silver<\/text>\n<text x=\"60\" y=\"308\" font-size=\"12\" fill=\"#56637a\">Gold coins in gold colour, silver coins in grey. All 1 oz, cheapest offer per coin.<\/text>\n<\/svg><figcaption>Premium over spot for 1 oz bullion coins in Singapore. Source: Metals Radar price service, 16 October 2026.<\/figcaption><\/figure>\n<p>Look at the spread between silver coins. The same ounce of silver cost S$77.48 as a Britannia and S$89.39 as a Libertad, a difference of S$11.91 on a single coin. Across a tube of 25 coins, that adds up to almost S$300.<\/p>\n<p>Read also: <a href=\"\/sg\/blog\/cheapest-way-to-buy-gold-singapore\/\">What Is the Cheapest Way to Buy Gold in Singapore?<\/a><\/p>\n<h2>Is Silver GST-Free in Singapore?<\/h2>\n<p>Yes, if it qualifies as Investment Precious Metal. The <a href=\"https:\/\/www.iras.gov.sg\/media\/docs\/default-source\/e-tax\/gst-guide-on-exemption-of-investment-precious-metals7f0062ff-780a-4a53-90fa-e1f3b1e25770.pdf\" rel=\"noopener\" target=\"_blank\">IRAS e-Tax Guide on the exemption of IPM<\/a> (Twentieth Edition, published 30 January 2026) sets out the conditions. Silver that does not qualify is subject to GST at the standard rate of 9%.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Form<\/th>\n<th>IRAS condition for silver<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Purity<\/td>\n<td>At least 99.9% silver<\/td>\n<\/tr>\n<tr>\n<td>Bars, ingots, wafers<\/td>\n<td>Capable of being traded on the international bullion market, for example made by a refiner on the current or former LBMA Good Delivery list<\/td>\n<\/tr>\n<tr>\n<td>Coins<\/td>\n<td>At least 99.9% silver, legal tender (now or in the past) in the country of origin, and on the prescribed list<\/td>\n<\/tr>\n<tr>\n<td>Proof and collector versions<\/td>\n<td>Excluded from the list of qualifying coins<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: IRAS, GST: Guide on Exemption of Investment Precious Metals (IPM), Twentieth Edition, 30 January 2026.<\/figcaption><\/figure>\n<p>Which silver coins are on the IRAS list? It includes the American Eagle, Australian Kookaburra, Koala, Lunar and Kangaroo, the Austrian Philharmonic, the Canadian Maple Leaf, the China Panda, the Mexican Libertad and the UK Britannia, among others. For Britannia silver coins, the guide notes that coins minted from 2013 onwards meet the 99.9% purity requirement.<\/p>\n<p>For bars, check the refiner on the <a href=\"https:\/\/www.lbma.org.uk\/good-delivery\/silver-current-list\" rel=\"noopener\" target=\"_blank\">LBMA silver Good Delivery list<\/a>. Our <a href=\"\/sg\/glossary\/investment-precious-metals-gst\/\">IPM glossary entry<\/a> and the page on <a href=\"\/sg\/gst-on-gold-singapore\/\">GST on gold in Singapore<\/a> cover the rules in more detail.<\/p>\n<h2>Silver Coins or Silver Bars?<\/h2>\n<p>Both are valid ways to hold silver. The right choice depends on how much you invest and how you plan to sell.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th><\/th>\n<th>Silver coins<\/th>\n<th>Silver bars<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Typical sizes<\/td>\n<td>1 oz, sometimes smaller<\/td>\n<td>1 oz to 1 kg and larger<\/td>\n<\/tr>\n<tr>\n<td>Premium<\/td>\n<td>Higher per ounce, wide range between coin types<\/td>\n<td>Usually lower per ounce on large bars<\/td>\n<\/tr>\n<tr>\n<td>Selling in parts<\/td>\n<td>Easy, one coin at a time<\/td>\n<td>A 1 kg bar is sold whole<\/td>\n<\/tr>\n<tr>\n<td>Recognition<\/td>\n<td>Government mints, legal tender<\/td>\n<td>Depends on the refiner<\/td>\n<\/tr>\n<tr>\n<td>GST in Singapore<\/td>\n<td>Exempt if on the IRAS list<\/td>\n<td>Exempt if 99.9% and from an accepted refiner<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>General comparison based on the IRAS IPM guide and offers tracked by Metals Radar, 16 October 2026.<\/figcaption><\/figure>\n<p>Choose coins if:<\/p>\n<ul>\n<li>you invest smaller amounts at a time,<\/li>\n<li>you want to sell part of your holding without breaking a bar,<\/li>\n<li>you value a government-minted product that any dealer recognises.<\/li>\n<\/ul>\n<p>Choose bars if:<\/p>\n<ul>\n<li>you buy several kilograms and want the lowest cost per ounce,<\/li>\n<li>you plan to hold for many years and store the metal in a vault.<\/li>\n<\/ul>\n<p>On 16 October 2026, we had no current offers for <a href=\"\/sg\/categories\/silver-bars\/\">silver bars in Singapore<\/a>, so we cannot show bar premiums today. Check the <a href=\"\/sg\/categories\/1-kilo-silver-bars\/\">1 kg silver bar comparison<\/a> again before you buy.<\/p>\n<h2>How to Invest in Silver in Singapore: Step by Step<\/h2>\n<p>Ready to start? These five steps keep the costs and the risks under control.<\/p>\n<h3>Step 1: Decide how much silver fits your savings<\/h3>\n<p>Think about the share of your savings you could see fall by half without needing to sell. In the last 12 months silver did exactly that from its peak, so plan for it.<\/p>\n<h3>Step 2: Pick a GST-exempt product<\/h3>\n<p>Choose a coin on the IRAS list or a 99.9% bar from an accepted refiner. Avoid proof and collector versions if your goal is investment, because IRAS excludes them from the list of qualifying coins and they cost more.<\/p>\n<h3>Step 3: Compare premiums, not prices<\/h3>\n<p>Two 1 oz coins can differ by more than S$10 while containing the same silver. Compare the premium over spot and the total including delivery. Our <a href=\"\/sg\/cheapest-silver-coins\/\">cheapest silver coins ranking<\/a> does this every day.<\/p>\n<h3>Step 4: Buy from a dealer you can check<\/h3>\n<p>Look for a physical address, clear buyback terms and published prices. You can see the dealers we track and the checks they passed on our <a href=\"\/sg\/dealers\/\">list of dealers in Singapore<\/a>. Our guide on <a href=\"\/sg\/how-to-spot-fake-coins\/\">how to spot fake coins<\/a> helps when buying second hand.<\/p>\n<h3>Step 5: Plan storage before you buy<\/h3>\n<p>Silver takes up space. A few tubes of coins fit in a home safe, but several kilograms may be better kept in a professional vault. Count storage and insurance as part of your cost.<\/p>\n<h2>Is Silver a Good Investment for You?<\/h2>\n<p>Silver suits some investors better than others. Ask yourself how you would react to a 14% drop in a single day, because silver delivered two of those in a row in January 2026.<\/p>\n<p>Silver may suit you if:<\/p>\n<ul>\n<li>you want physical metal but start with a small budget,<\/li>\n<li>you already hold gold and want a second metal with different drivers,<\/li>\n<li>you can hold for several years and ignore short-term swings.<\/li>\n<\/ul>\n<p>Gold may suit you better if:<\/p>\n<ul>\n<li>you want the steadier of the two metals,<\/li>\n<li>you prefer lower premiums and less storage space per dollar,<\/li>\n<li>you might need to sell within a short time.<\/li>\n<\/ul>\n<p>Many investors hold both. Read also: <a href=\"\/sg\/categories\/gold-investment\/\">gold investment options in Singapore<\/a>.<\/p>\n<h2>Summary: Silver Investment in Singapore<\/h2>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Question<\/th>\n<th>Answer (16 October 2026)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Silver spot price<\/td>\n<td>S$74.08 per troy ounce<\/td>\n<\/tr>\n<tr>\n<td>12-month change<\/td>\n<td>+7.0% (gold: -3.1%)<\/td>\n<\/tr>\n<tr>\n<td>12-month range<\/td>\n<td>S$60.60 to S$147.81<\/td>\n<\/tr>\n<tr>\n<td>Cheapest 1 oz silver coin<\/td>\n<td>Britannia, S$77.48, 4.6% over spot<\/td>\n<\/tr>\n<tr>\n<td>GST<\/td>\n<td>Exempt for IPM (99.9% silver, IRAS criteria), otherwise 9%<\/td>\n<\/tr>\n<tr>\n<td>Gold to silver ratio<\/td>\n<td>72.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Sources: Metals Radar price service and IRAS IPM guide, 16 October 2026.<\/figcaption><\/figure>\n<h2>FAQ: Silver Investment in Singapore<\/h2>\n<h3>Is silver a good investment in Singapore?<\/h3>\n<p>Silver can be a good addition to savings if you accept large price swings and hold for years. Qualifying coins and bars are GST-exempt, which keeps the cost of entry low.<\/p>\n<h3>Is there GST on silver in Singapore?<\/h3>\n<p>No, not on silver that qualifies as Investment Precious Metal under the IRAS rules. Silver that does not meet the criteria, such as sterling silver or proof coins, is subject to 9% GST.<\/p>\n<h3>What is the silver price in Singapore today?<\/h3>\n<p>On 16 October 2026 the silver spot price was S$74.08 per troy ounce, according to the Metals Radar price service. Coins cost more than spot because of the premium.<\/p>\n<h3>Is it better to buy silver coins or silver bars?<\/h3>\n<p>Coins are easier to sell in small amounts and are widely recognised, while large bars usually cost less per ounce. Many investors start with coins and add bars later.<\/p>\n<h3>Why are silver premiums higher than gold premiums?<\/h3>\n<p>Minting, handling and dealer costs are similar per coin, but a silver ounce is worth far less than a gold ounce. The fixed costs therefore make up a bigger share of the silver price.<\/p>\n<h3>How much silver should I buy?<\/h3>\n<p>There is no single answer, because it depends on your savings and goals. A sensible rule is to buy only an amount you could hold through a 50% fall without being forced to sell.<\/p>\n<h2>Compare Silver Prices Before You Buy<\/h2>\n<p>Silver premiums in Singapore range from a few percent to more than 20% over spot, so the coin you choose can matter as much as the day you buy. Metals Radar compares offers from dealers in Singapore and shows each premium in one place.<\/p>\n<p>Start with our <a href=\"\/sg\/categories\/silver-coins\/\">silver coin price comparison<\/a>, check the <a href=\"\/sg\/categories\/britannia-silver-coin\/\">Britannia silver coin prices<\/a> or follow the <a href=\"\/sg\/charts\/silver-price\/silver-price-per-gram\/\">silver price per gram in SGD<\/a>.<\/p>\n<p class=\"mrf-disclaimer\"><em>This article is for informational purposes only and is not investment or tax advice.<\/em><\/p>\n","protected":false},"featured_media":21771,"template":"","format":"standard","meta":{"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0},"class_list":["post-21781","blog","type-blog","status-publish","format-standard","has-post-thumbnail","hentry"],"taxonomy_info":[],"featured_image_src_large":["https:\/\/metalsradar.com\/wp-content\/uploads\/2026\/10\/silver-investment-singapore-1024x576.webp",1024,576,true],"author_info":[],"comment_info":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/blog\/21781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/types\/blog"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/media\/21771"}],"wp:attachment":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/media?parent=21781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}