Is there GST on silver in Singapore?
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.
Silver Price in Singapore Today
Interactive Silver Chart
Silver Price Performance
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | +$0.00 | +0.00% |
| 30 Days | +$3.38 | +3.80% |
| 6 Months | $-1.87 | -2.10% |
| 1 Year | +$19.06 | +21.40% |
| 5 Years | +$57.17 | +64.20% |
| 20 Years | +$278.38 | +312.60% |
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Silver Spot Price · Singapore
S$113.73SGD
= $89.05 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 1.2771 SGD
Silver Converter
SGD
S$113.73USD
$89.05Silver Spot Price – Today
Intraday XAG/USD spot price (USD per troy ounce)
Silver Price Chart (TradingView)
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Interactive Silver Chart
Silver Price per Unit
Updated: Mar 10, 2026, 07:25 PM| Unit | Price (SGD) | Price (USD) | Change |
|---|---|---|---|
| 1 Troy Ounce | S$113.73 | $89.05 | +0.00% |
| 1 Gram | S$3.66 | $2.86 | +0.00% |
| 1 Tola (11.66 g) | S$42.65 | $33.40 | +0.00% |
| 1 Kilogram | S$3,656.40 | $2,863.08 | +0.00% |
| 10 Ounces | S$1,137.27 | $890.52 | +0.00% |
| 100 Ounces | S$11,372.71 | $8,905.20 | +0.00% |
24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC)
Sydney
Tokyo
London
New York
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | SGD | USD | GBP | EUR | AED | AUD | CAD | INR | JPY |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | +8.4% | +12.0% | +10.5% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +18.3% |
| 2024 | +19.2% | +21.4% | +24.8% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +38.4% |
| 2023 | -1.4% | +0.4% | +3.1% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | +9.6% |
| 2022 | -7.1% | -3.5% | +10.8% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | +14.2% |
| 2021 | -13.2% | -11.7% | -17.2% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -12.4% |
| 2020 | +41.3% | +47.9% | +41.6% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +34.2% |
| 2019 | +12.8% | +15.3% | +20.4% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +10.1% |
| 2018 | -11.4% | -8.5% | -3.8% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -9.6% |
| 2017 | -4.1% | -1.2% | -8.6% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -3.8% |
| 2016 | +12.1% | +15.3% | +31.2% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +5.9% |
| 2015 | -14.2% | -11.9% | -8.3% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -10.6% |
| 2014 | -22.1% | -19.8% | -18.4% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -11.2% |
| 2013 | -38.6% | -35.9% | -38.1% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -11.4% |
| 2012 | +6.1% | +8.4% | +7.8% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +3.8% |
| 2011 | +65.3% | +74.0% | +71.3% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +56.2% |
Historical Silver Price Charts
30 Days+1.5%
$89.05
60 Days+1.9%
$89.05
1 Year+4.5%
$89.05
2 Years-1.9%
$89.05
5 Years+2.9%
$89.05
10 Years+3.8%
$89.05
All Time+7.5%
$89.05
What Moves Silver Price in Singapore?
Singapore is a major precious metals hub in Southeast Asia, home to the Singapore Bullion Market Association (SBMA). Investment-grade silver imported into Singapore is exempt from GST under the Investment Precious Metals (IPM) scheme, making it a popular destination for regional buyers. SGD-denominated prices reflect XAG/USD converted at the live SGD/USD rate. The Singapore Freeport also offers world-class secure storage for allocated silver holdings.
Frequently Asked Questions
Where can I buy silver in Singapore?
Silver is available from licensed bullion dealers, major banks like UOB and DBS, and online platforms. The Singapore Freeport also offers secure allocated storage for larger holdings without the need to clear customs.
How does the SGD/USD rate affect silver prices?
Since silver is priced globally in USD, the SGD/USD exchange rate directly impacts local prices. A stronger SGD lowers the cost of silver for Singapore buyers, while a weaker SGD raises it.
Silver Price Forecast & Prediction — Singapore
Technical analysis based price targets. Not financial advice.
Market SentimentNeutral
BearishNeutralBullish
Support
$83.71
Resistance
$94.40
Technical Indicators
50-Day MABullish
200-Day MABullish
RSI (14)Neutral
MACDBullish
StochasticOverbought
BollingerNeutral
Price Targets
| Period | Bear Target | Base (Current) | Bull Target | Range |
|---|---|---|---|---|
| 1 Week | $87.45S$111.68 SGD | $89.05S$113.73 SGD | $91.19S$116.46 SGD | ±2.1% |
| 1 Month | $85.04S$108.61 SGD | $89.05S$113.73 SGD | $94.57S$120.78 SGD | ±5.3% |
| 3 Months | $81.04S$103.49 SGD | $89.05S$113.73 SGD | $99.56S$127.15 SGD | ±10.4% |
| 6 Months | $77.03S$98.37 SGD | $89.05S$113.73 SGD | $105.44S$134.65 SGD | ±15.9% |
| 1 Year | $73.02S$93.26 SGD | $89.05S$113.73 SGD | $114.52S$146.25 SGD | ±23.3% |
↑ Bullish Factors
- Global central bank rate cut expectations support precious metals
- Industrial demand from solar panels and EV batteries rising
- USD weakness historically boosts XAG/USD spot prices
- Supply deficits as mining output lags industrial consumption
↓ Bearish Factors
- Higher-for-longer interest rates increase opportunity cost of holding silver
- Strong USD could weigh on dollar-denominated commodity prices
- Weak economic data may dampen industrial silver demand
- Profit-taking after recent rallies could trigger short-term pullbacks
Disclaimer: Price predictions are based on technical analysis and historical patterns only. They do not constitute financial advice. Silver markets are highly volatile — always do your own research before investing.
Silver Prices in Other Cities
Track current silver rates in SGD for investors and bullion buyers in Singapore. Investment-grade silver is GST-exempt in Singapore under the IPM scheme, making it one of the most tax-efficient places in Asia to buy physical silver.