Gold, Silver & Precious Metals Prices

Please Note

All products stored within Freeport Singapore under allocated and segregated vaulted storage solely under the clients name are completely free of all taxes.

Taxes are only applied on domestic deliveries and relates solely to the country or location in question.

 
Name
Weight
Taxable
Price
Price Per Gram
Price Per Ounce
Premium
Spread
Buy Back Price
  • 2oz Silver Queen's Beasts - Lion Year 2016
    62.2 grams
    Non-Taxable
    SGD 235.31
    SGD 3.78
    SGD 117.66
    156.66%%
    160.42%%
    SGD 90.36
  • 1 Oz Australian Year of the Tiger .999% Fine Silver Coin (2010) Series II
    31.1 grams
    Non-Taxable
    SGD 291.46
    SGD 9.37
    SGD 291.46
    535.82%%
    545.22%%
    SGD 45.17
  • Mongolia 500 Tögrög Year of the Rat 2008, Silver 1oz
    31.1 grams
    Taxable
    SGD 136.17
    SGD 4.38
    SGD 136.17
    197.05%%
    201.57%%
    SGD 45.15
  • 2009 Australia 1 oz Silver Year of the Ox BU
    31.1 grams
    Non-Taxable
    SGD 135.22
    SGD 4.35
    SGD 135.22
    194.98%%
    481.84%%
    SGD 23.24
  • 2008 Kookaburra Australian 1 oz .999 Fine BU Silver Coin
    31.1 grams
    Non-Taxable
    SGD 126.14
    SGD 4.06
    SGD 126.14
    175.17%%
    179.33%%
    SGD 45.16
  • 2 Oz Australian Year of the Tiger .999 Silver Coin (2010) Series II
    62.2 grams
    Non-Taxable
    SGD 382.24
    SGD 6.15
    SGD 191.12
    316.93%%
    323.19%%
    SGD 90.32
  • Australian Lunar Series II 2009 Coloured Ox 1oz Silver Uncirculated Coin
    31.1 grams
    Non-Taxable
    SGD 289.07
    SGD 9.29
    SGD 289.07
    530.61%%
    540.00%%
    SGD 45.17
  • 10 oz Silver Bar - RCM .9999 Fine
    311 grams
    Non-Taxable
    SGD 535.72
    SGD 1.72
    SGD 53.57
    16.87%%
    20.48%%
    SGD 444.65
  • 2oz Queen's Beast 2017 | The Red Dragon of Wales
    62.2 grams
    Non-Taxable
    SGD 199.47
    SGD 3.21
    SGD 99.74
    117.57%%
    180.35%%
    SGD 71.15
  • PAMP Suisse 1 Kilo Cast 999 Silver Bar
    1 KG
    Non-Taxable
    SGD 1,628.88
    SGD 1.63
    SGD 50.66
    10.51%%
    11.11%%
    SGD 1,465.99
  • Perth Mint Silver Cast Bar - 1 kg .999% Ag Good Delivery
    1 KG
    Non-Taxable
    SGD 1,607.31
    SGD 1.61
    SGD 49.99
    9.05%%
    11.98%%
    SGD 1,435.33
  • Silver 1,000 Ounce Cast Bar - Various .999% Purity LBMA
    31.1 KG
    Non-Taxable
    SGD 46,814.84
    SGD 1.51
    SGD 46.81
    2.12%%
    5.56%%
    SGD 44,347.70
  • The Queen's Beasts 2018 – Black Bull – 2 oz Silver Bullion Coin
    62.2 grams
    Non-Taxable
    SGD 253.23
    SGD 4.07
    SGD 126.62
    176.21%%
    180.35%%
    SGD 90.33
  • 1 oz Mexican Libertad .999% Fine Silver Coin 2013
    31.1 grams
    Non-Taxable
    SGD 61.16
    SGD 1.97
    SGD 61.16
    33.42%%
    35.43%%
    SGD 45.16
  • Indigo’s Bullion Gram Savings Plan SILVER - Full Metal Allocation
    1 grams
    Non-Taxable
    SGD 1.51
    SGD 1.51
    SGD 46.96
    2.45%%
    4.17%%
    SGD 1.45
  • 1 Kilo JBR branded Cast Silver Bar, 999% Ag : LBMA Good Delivery
    1 KG
    Non-Taxable
    SGD 1,566.68
    SGD 1.57
    SGD 48.72
    6.29%%
    12.11%%
    SGD 1,397.48
  • 2oz Silver Queen's Beasts - The Griffin Year 2017
    62.4 grams
    Non-Taxable
    SGD 234.87
    SGD 3.76
    SGD 117.06
    155.36%%
    160.01%%
    SGD 90.33
  • 2oz Silver Queen's Beasts - The Yale Year 2019
    62.2 grams
    Non-Taxable
    SGD 210.23
    SGD 3.38
    SGD 105.12
    129.31%%
    132.77%%
    SGD 90.31
  • 2oz Silver Queen's Beasts - The Falcon Year 2019
    62.2 grams
    Non-Taxable
    SGD 210.23
    SGD 3.38
    SGD 105.12
    129.31%%
    132.75%%
    SGD 90.33
  • 100 oz Silver Bar - RCM .9999 Fine
    3.11 KG
    Non-Taxable
    SGD 4,788.32
    SGD 1.54
    SGD 47.88
    4.45%%
    7.35%%
    SGD 4,460.32
  • Valcambi Swiss 1 Kilo Cast 999 Silver Bar - LBMA
    1 KG
    Non-Taxable
    SGD 1,601.29
    SGD 1.60
    SGD 49.80
    8.64%%
    11.73%%
    SGD 1,433.15
  • LBMA 100 oz JBR / Baird Silver Cast Bar, 999% Ag
    3.11 KG
    Non-Taxable
    SGD 4,788.48
    SGD 1.54
    SGD 47.88
    4.45%%
    7.35%%
    SGD 4,460.47
  • 100 oz Silver Bar - Asahi Refining Bar .999 Fine
    3.11 KG
    Non-Taxable
    SGD 4,802.34
    SGD 1.54
    SGD 48.02
    4.75%%
    7.35%%
    SGD 4,473.38
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2021
    31.1 grams
    Non-Taxable
    SGD 55.87
    SGD 1.80
    SGD 55.87
    21.88%%
    21.58%%
    SGD 45.95
  • 1 oz South African Krugerrand .999% Fine Silver Coin BU 2020
    31.1 grams
    Non-Taxable
    SGD 61.73
    SGD 1.98
    SGD 61.73
    34.66%%
    38.50%%
    SGD 44.57
  • 1 kilo Asahi USA Silver Cast Bar
    1 KG
    Non-Taxable
    SGD 1,631.91
    SGD 1.63
    SGD 50.75
    10.72%%
    15.61%%
    SGD 1,411.60
  • 30 gram China Panda .999% Fine Silver Coin BU 2016 (In Capsule)
    30 grams
    Non-Taxable
    SGD 77.89
    SGD 2.60
    SGD 80.75
    76.15%%
    68.07%%
    SGD 46.34
  • 10 oz Heraeus Silver Cast Bar .9999 Purity (w/COA)
    311 grams
    Non-Taxable
    SGD 498.36
    SGD 1.60
    SGD 49.84
    8.72%%
    8.70%%
    SGD 458.49
  • Chinese Guardian Lions - 2 x 2oz Proof Coin Set (With Box & COA) | Indigo Precious Metals
    124.4 grams
    Taxable
    SGD 726.26
    SGD 5.84
    SGD 181.57
    296.08%%
    299.21%%
    SGD 181.93
  • 2021 Queen's Beasts 2 oz Silver BU 'Completer' Coin
    62.2 grams
    Non-Taxable
    SGD 541.42
    SGD 8.70
    SGD 270.71
    490.55%%
    433.05%%
    SGD 101.57
  • 1 Oz Canadian Maple Leaf Lunar Horse Privy .9999% Fine Silver Coin BU 2014
    31.1 grams
    Taxable
    SGD 80.10
    SGD 2.58
    SGD 80.10
    74.74%%
    99.32%%
    SGD 40.19
  • 1 kilo Heraeus HK Silver Cast Bar 999.0 Purity (w/COA)
    1 KG
    Non-Taxable
    SGD 1,602.80
    SGD 1.60
    SGD 49.85
    8.74%%
    11.73%%
    SGD 1,434.51
  • 1 oz China Panda .999% Fine Silver Coin BU 2013 (In Capsule)
    31.1 grams
    Non-Taxable
    SGD 81.23
    SGD 2.61
    SGD 81.23
    77.20%%
    79.86%%
    SGD 45.16
  • JBR UK Silver 100 Toz bar LBMA Good Delivery
    3.11 KG
    Non-Taxable
    SGD 4,835.04
    SGD 1.55
    SGD 48.35
    5.47%%
    7.35%%
    SGD 4,503.84
  • 100 Toz Heraeus Silver Cast Bar 999.9% Purity (w/COA)
    3.11 KG
    Non-Taxable
    SGD 4,788.32
    SGD 1.54
    SGD 47.88
    4.45%%
    7.35%%
    SGD 4,460.32
  • 100 oz Nadir Refinery Silver Bar .999 Fine
    3.11 KG
    Non-Taxable
    SGD 4,788.32
    SGD 1.54
    SGD 47.88
    4.45%%
    7.35%%
    SGD 4,460.32
  • 1 Oz UK Britannia Silver QE II Coin 2022
    31.1 grams
    Non-Taxable
    SGD 57.94
    SGD 1.86
    SGD 57.94
    26.40%%
    14.29%%
    SGD 50.70
  • 1 Oz Canadian Maple Leaf .9999% Fine Silver Coin BU 2022
    31.1 grams
    Non-Taxable
    SGD 51.81
    SGD 1.67
    SGD 51.81
    13.02%%
    21.95%%
    SGD 42.48
  • 1 oz RCM Wildlife Series - Grizzly Bear .9999% Fine Silver Coin 2011
    31.1 grams
    Non-Taxable
    SGD 85.05
    SGD 2.73
    SGD 85.05
    85.54%%
    88.32%%
    SGD 45.16
  • 1 Kilo Metalor Silver Cast Bar .999 Purity
    1 KG
    Non-Taxable
    SGD 1,585.07
    SGD 1.59
    SGD 49.30
    7.54%%
    9.89%%
    SGD 1,442.41
  • 1 Oz Perth Mint Year 2010 Koala Silver Coin | IPM Bullion
    31.1 grams
    Non-Taxable
    SGD 54.95
    SGD 1.77
    SGD 54.95
    19.87%%
    143.31%%
    SGD 22.58
  • 1 Oz Australian Kookaburra Silver Coin Year 2010
    31.1 grams
    Non-Taxable
    SGD 109.89
    SGD 3.53
    SGD 109.89
    139.73%%
    143.31%%
    SGD 45.16
  • 1 oz 2021 Perth Mint Dragon Silver Rectangular Coin
    31.1 grams
    Non-Taxable
    SGD 76.60
    SGD 2.46
    SGD 76.60
    67.10%%
    68.42%%
    SGD 45.48
  • 1 Oz Canadian Timber Wolf .9999% Fine Silver Coin 2011
    31.1 grams
    Non-Taxable
    SGD 105.12
    SGD 3.38
    SGD 105.12
    129.32%%
    132.72%%
    SGD 45.17
  • 1 Oz PAMP Suisse Lunar Tiger .999% Fine Silver Bar (With Assay Card)
    31.1 grams
    Non-Taxable
    SGD 86.94
    SGD 2.80
    SGD 86.94
    89.66%%
    100.40%%
    SGD 43.38
  • 1 Kilo Heraeus Cast Silver Bar 999.9% (Germany production)
    1 KG
    Non-Taxable
    SGD 1,625.86
    SGD 1.63
    SGD 50.56
    10.31%%
    15.61%%
    SGD 1,406.37
  • 1 Oz Australian Kangaroo .9999% Fine Silver Coin 2022
    31.1 grams
    Non-Taxable
    SGD 50.55
    SGD 1.63
    SGD 50.55
    10.27%%
    20.24%%
    SGD 42.04
  • 1 Oz Colorized Maple Leaf Silver Coin (Various Years)
    31.1 grams
    Taxable
    SGD 119.45
    SGD 3.84
    SGD 119.45
    160.58%%
    164.48%%
    SGD 45.16
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2023
    31.1 grams
    Non-Taxable
    SGD 53.51
    SGD 1.72
    SGD 53.51
    16.73%%
    19.33%%
    SGD 44.84
  • 2011 Australia 2 oz Silver Year of the Rabbit BU (Series II)
    62.2 grams
    Non-Taxable
    SGD 200.68
    SGD 3.23
    SGD 100.34
    118.89%%
    122.17%%
    SGD 90.33
  • 2 oz Australian Lunar Rabbit (Series III) Silver Coin 2023
    62.2 grams
    Non-Taxable
    SGD 114.67
    SGD 1.84
    SGD 57.34
    25.08%%
    26.95%%
    SGD 90.33
  • 1 Oz Canadian Maple Leaf .9999% Fine Silver Coin 2023
    31.1 grams
    Non-Taxable
    SGD 51.81
    SGD 1.67
    SGD 51.81
    13.02%%
    23.46%%
    SGD 41.97
  • 1 Oz UK Britannia Silver Coin 2023 King Charles III
    31.1 grams
    Non-Taxable
    SGD 50.94
    SGD 1.64
    SGD 50.94
    11.13%%
    15.61%%
    SGD 44.06
  • (Sold in tubes of 25) Year 2011 1 oz Canadian Maple Leaf Silver Coin
    777.6 grams
    Non-Taxable
    SGD 1,261.58
    SGD 1.62
    SGD 50.46
    10.07%%
    20.48%%
    SGD 1,047.11
  • (Sold in tubes of 25) Year 2012 1 oz Canadian Maple Leaf Silver Coin
    777.6 grams
    Non-Taxable
    SGD 1,261.58
    SGD 1.62
    SGD 50.46
    10.07%%
    20.48%%
    SGD 1,047.11
  • 15 kg Nadir Refinery Silver Bar
    15 KG
    Non-Taxable
    SGD 23,311.34
    SGD 1.55
    SGD 48.33
    5.44%%
    7.64%%
    SGD 21,656.23
  • 1 Oz 2023 Mythical Merlin Silver Coin
    31.1 grams
    Non-Taxable
    SGD 61.96
    SGD 1.99
    SGD 61.96
    35.17%%
    37.17%%
    SGD 45.17
  • 2oz Silver Queen's Beasts - White Greyhound Year 2021
    62.2 grams
    Non-Taxable
    SGD 229.34
    SGD 3.69
    SGD 114.67
    150.15%%
    153.90%%
    SGD 90.33
  • 1 oz USA Eagle .999% Fine Silver Coin 2013
    31.1 grams
    Non-Taxable
    SGD 55.46
    SGD 1.78
    SGD 55.46
    20.99%%
    32.28%%
    SGD 41.93
  • 1oz Canadian Wildlife Series Moose Silver Coin 2012
    31.1 grams
    Non-Taxable
    SGD 81.23
    SGD 2.61
    SGD 81.23
    77.20%%
    79.86%%
    SGD 45.16
  • 1 Oz The Coronation Britannia Silver Coin 2023 King Charles III
    31.1 grams
    Non-Taxable
    SGD 57.82
    SGD 1.86
    SGD 57.82
    26.13%%
    40.69%%
    SGD 41.10
  • 10 Oz Tudor Beasts - The Bull of Clarence Silver BU Coin 2023
    311 grams
    Non-Taxable
    SGD 659.36
    SGD 2.12
    SGD 65.94
    43.84%%
    45.99%%
    SGD 451.66
  • 2 Oz Tudor Beasts - The Bull of Clarence Silver BU Coin 2023
    62.2 grams
    Non-Taxable
    SGD 114.67
    SGD 1.84
    SGD 57.34
    25.08%%
    26.95%%
    SGD 90.33
  • 10 Oz Tudor Beasts - The Yale of Beaufort Silver BU Coin 2023
    311 grams
    Non-Taxable
    SGD 659.36
    SGD 2.12
    SGD 65.94
    43.84%%
    45.99%%
    SGD 451.66
  • 1 kg Nadir Refinery Silver Bar
    1 KG
    Non-Taxable
    SGD 1,609.24
    SGD 1.61
    SGD 50.05
    9.18%%
    12.36%%
    SGD 1,432.22
  • 1 Oz 2024 Britannia Silver Coin King Charles III
    31.1 grams
    Non-Taxable
    SGD 50.91
    SGD 1.64
    SGD 50.91
    11.06%%
    12.36%%
    SGD 45.31
  • 1 Oz UK Britannia Silver Coin 2017
    31.1 grams
    Non-Taxable
    SGD 50.43
    SGD 1.62
    SGD 50.43
    10.01%%
    19.43%%
    SGD 42.23
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2012
    31.1 grams
    Non-Taxable
    SGD 56.05
    SGD 1.80
    SGD 56.05
    22.27%%
    24.12%%
    SGD 45.16
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2013
    31.1 grams
    Non-Taxable
    SGD 53.57
    SGD 1.72
    SGD 53.57
    16.86%%
    20.19%%
    SGD 44.57
  • 1 Oz UK Britannia Silver Coin 2015
    31.1 grams
    Non-Taxable
    SGD 50.38
    SGD 1.62
    SGD 50.38
    9.90%%
    22.16%%
    SGD 41.24
  • 1 oz USA Eagle .999% Fine Silver Coin 2020
    31.1 grams
    Non-Taxable
    SGD 55.47
    SGD 1.78
    SGD 55.47
    21.01%%
    36.48%%
    SGD 40.64
  • 1 Oz Australia Koala .999% Fine Silver Coin BU 2012
    31.1 grams
    Non-Taxable
    SGD 54.25
    SGD 1.74
    SGD 54.25
    18.35%%
    25.00%%
    SGD 43.40
  • 1 Oz Australia Koala .999% Fine Silver Coin BU 2013
    31.1 grams
    Non-Taxable
    SGD 54.25
    SGD 1.74
    SGD 54.25
    18.35%%
    25.00%%
    SGD 43.40
  • 2014 Australia 1 kilo Silver Kookaburra Coin
    1 KG
    Non-Taxable
    SGD 1,766.78
    SGD 1.77
    SGD 54.95
    19.87%%
    26.58%%
    SGD 1,395.76
  • 1 kg RMC Silver Cast Bar
    1 KG
    Non-Taxable
    SGD 1,610.75
    SGD 1.61
    SGD 50.09
    9.28%%
    12.36%%
    SGD 1,433.57
  • 1/2 oz Australian Koala Silver Coin 2013
    15.6 grams
    Non-Taxable
    SGD 44.34
    SGD 2.84
    SGD 88.40
    92.84%%
    105.76%%
    SGD 21.55
  • 10 Oz Perth Mint Year 2010 Koala Silver Coin
    311 grams
    Non-Taxable
    SGD 668.92
    SGD 2.15
    SGD 66.89
    45.92%%
    36.99%%
    SGD 488.31
  • 10 Oz Perth Mint Year 2012 Koala Silver Coin
    311 grams
    Non-Taxable
    SGD 645.03
    SGD 2.07
    SGD 64.50
    40.71%%
    30.09%%
    SGD 495.83
  • 10 oz RMC Silver Bar
    311 grams
    Non-Taxable
    SGD 494.83
    SGD 1.59
    SGD 49.48
    7.95%%
    11.11%%
    SGD 445.35
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2014
    31.1 grams
    Non-Taxable
    SGD 53.57
    SGD 1.72
    SGD 53.57
    16.86%%
    20.19%%
    SGD 44.57
  • 1 Oz Austrian Philharmonic .999% Fine Silver Coin 2009
    31.1 grams
    Non-Taxable
    SGD 56.14
    SGD 1.81
    SGD 56.14
    22.47%%
    24.12%%
    SGD 45.23
  • 1oz 2024 Perth Mint Dragon Silver Rectangular Coin
    31.1 grams
    Non-Taxable
    SGD 60.47
    SGD 1.94
    SGD 60.47
    31.92%%
    32.96%%
    SGD 45.48
  • 1 Oz PAMP Suisse Lady Fortuna Silver Minted Bar
    31.1 grams
    Non-Taxable
    SGD 74.49
    SGD 2.40
    SGD 74.49
    62.50%%
    63.78%%
    SGD 45.48
  • 1 Oz Canadian Maple Leaf Lunar Snake Privy .9999% Fine Silver Coin 2013
    31.1 grams
    Taxable
    SGD 85.31
    SGD 2.74
    SGD 85.31
    86.10%%
    99.32%%
    SGD 42.80
  • 1 Oz Pamp Suisse Lunar Dragon Silver Minted Bar (2012)
    31.1 grams
    Non-Taxable
    SGD 164.48
    SGD 5.29
    SGD 164.48
    258.81%%
    263.64%%
    SGD 45.23
  • 1 Oz Australian Lunar Year of the Goat Silver Coin (2015)
    31.1 grams
    Non-Taxable
    SGD 74.06
    SGD 2.38
    SGD 74.06
    61.56%%
    62.84%%
    SGD 45.48
  • 1 Oz UK Britannia Silver Coin 2016
    31.1 grams
    Non-Taxable
    SGD 50.43
    SGD 1.62
    SGD 50.43
    10.01%%
    11.11%%
    SGD 45.39
  • 1 oz USA Eagle .999% Fine Silver Coin 2016
    31.1 grams
    Non-Taxable
    SGD 53.66
    SGD 1.73
    SGD 53.66
    17.06%%
    35.23%%
    SGD 39.68
  • 2011 Australia 1 Kilo Silver Koala Coin BU
    1 KG
    Non-Taxable
    SGD 1,766.78
    SGD 1.77
    SGD 54.95
    19.87%%
    25.00%%
    SGD 1,413.42
  • 1 oz USA Eagle .999% Fine Silver Coin 2015
    31.1 grams
    Non-Taxable
    SGD 53.66
    SGD 1.73
    SGD 53.66
    17.06%%
    35.23%%
    SGD 39.68
  • 1 Oz Canadian Maple Leaf .9999% Fine Silver Coin 2016
    31.1 grams
    Non-Taxable
    SGD 50.58
    SGD 1.63
    SGD 50.58
    10.34%%
    10.16%%
    SGD 45.92
  • 1 Oz Canadian Maple Leaf .9999% Fine Silver Coin 2015
    31.1 grams
    Non-Taxable
    SGD 50.58
    SGD 1.63
    SGD 50.58
    10.34%%
    10.16%%
    SGD 45.92
  • 1 Oz UK Britannia Silver Coin 2014
    31.1 grams
    Non-Taxable
    SGD 50.48
    SGD 1.62
    SGD 50.48
    10.12%%
    22.16%%
    SGD 41.32
  • 1 oz China Panda .999% Fine Silver Coin BU 2015 (In Capsule)
    31.1 grams
    Non-Taxable
    SGD 81.23
    SGD 2.61
    SGD 81.23
    77.20%%
    79.86%%
    SGD 45.16
  • 30 gram China Panda .999% Fine Silver Coin 2020 (In Capsule)
    30 grams
    Non-Taxable
    SGD 77.89
    SGD 2.60
    SGD 80.75
    76.15%%
    68.07%%
    SGD 46.34
  • 30 gram China Panda .999% Fine Silver Coin 2018 (In Capsule)
    30 grams
    Non-Taxable
    SGD 77.89
    SGD 2.60
    SGD 80.75
    76.15%%
    68.07%%
    SGD 46.34
  • 30 gram China Panda .999% Fine Silver Coin 2017 (In Capsule)
    30 grams
    Non-Taxable
    SGD 77.89
    SGD 2.60
    SGD 80.75
    76.15%%
    68.07%%
    SGD 46.34
  • 1 oz China Panda .999% Fine Silver Coin BU 2011 (In Capsule)
    31.1 grams
    Non-Taxable
    SGD 81.23
    SGD 2.61
    SGD 81.23
    77.20%%
    79.86%%
    SGD 45.16
  • 1 Oz Australian Lunar Series "Year of the Snake" Silver Coin (2025)
    31.1 grams
    Non-Taxable
    SGD 61.42
    SGD 1.97
    SGD 61.42
    33.99%%
    35.04%%
    SGD 45.48
  • 100 oz Perth Mint Silver Cast Bar
    3.11 KG
    Non-Taxable
    SGD 4,815.03
    SGD 1.55
    SGD 48.15
    5.04%%
    7.35%%
    SGD 4,485.20
  • 250 gram Public Silver Cast Bar
    250 grams
    Taxable
    SGD 434.42
    SGD 1.74
    SGD 54.04
    17.89%%
    18.82%%
    SGD 365.61
  • 1 Oz PAMP Suisse Lunar Year of the Snake Silver Minted Bar (In Assay CertiCard)
    31.1 grams
    Non-Taxable
    SGD 87.23
    SGD 2.80
    SGD 87.23
    90.29%%
    91.79%%
    SGD 45.48
  • 1 Oz Canadian Maple Leaf .9999% Fine Silver Coin BU 2017
    31.1 grams
    Non-Taxable
    SGD 52.06
    SGD 1.67
    SGD 52.06
    13.57%%
    23.46%%
    SGD 42.17
  • 1 kilo Heraeus HK Silver Cast Bar 999.9 Purity (w/COA)
    1 KG
    Non-Taxable
    SGD 1,608.82
    SGD 1.61
    SGD 50.03
    9.15%%
    11.73%%
    SGD 1,439.89

Silver Value in Singapore

The silver market in Singapore is a crucial part of the precious metals landscape, reflecting both global trends and local demand. Understanding silver prices is vital for investors and consumers alike, as silver is used in various industrial applications and as a store of value. The current silver market in Singapore is dynamic, with prices influenced by a range of factors, making it essential to stay informed about the latest trends and movements.

Factors Influencing Silver Prices

Global Economic Conditions: The global economy significantly impacts silver prices. Unlike gold, silver's price is heavily influenced by its industrial demand. During economic expansions, the demand for silver in manufacturing, electronics, and renewable energy projects increases, driving up prices. Conversely, economic slowdowns can reduce industrial demand, leading to lower silver prices.

Geopolitical Events: Geopolitical events can cause volatility in silver prices, though the effect is often more nuanced than with gold. For example, trade tensions or disruptions in major silver-producing countries can lead to supply shortages, pushing prices higher. Additionally, silver, like gold, benefits from its status as a safe-haven asset during times of political instability.

Inflation and Interest Rates: Silver prices react to inflation and interest rate changes, albeit differently from gold. High inflation erodes purchasing power, increasing the appeal of silver as a hedge. However, since silver is more affordable than gold, it is more accessible to retail investors during inflationary periods. Lower interest rates reduce the opportunity cost of holding non-yielding assets like silver, potentially driving up demand.

Supply and Demand: Silver supply and demand dynamics are crucial in determining prices. Silver mining production, recycling rates, and industrial demand all play roles. For instance, technological advancements in solar energy and electronics increase demand for silver, impacting its price per gram. Conversely, a surge in mining output without a corresponding increase in demand can lead to price drops.

Currency Fluctuations: Currency fluctuations, particularly of the US dollar, influence silver prices. A weaker US dollar typically makes silver cheaper for foreign buyers, increasing demand and pushing up prices. In Singapore, the strength of the Singapore dollar (SGD) against the US dollar can similarly affect local silver prices, with a stronger SGD making silver more affordable for Singaporean buyers.

Historical Silver Prices

Over the past decade, silver prices have experienced notable volatility, driven by economic cycles, technological advancements, and geopolitical events. For instance, in 2011, silver prices surged to nearly SGD 1.60 per gram due to heightened investor interest and economic uncertainty. Similarly, the COVID-19 pandemic in 2020 caused a significant rise in silver prices, peaking at around SGD 1.20 per gram, fueled by increased industrial demand and a surge in investor interest as a safe-haven asset.

Comparing silver price trends in Singapore with global trends reveals a strong correlation, as local prices closely follow international movements. This alignment underscores the interconnected nature of the global silver market.

Silver Investment Options

Investors in Singapore have multiple options for investing in silver

  • Physical Silver: This includes silver bullion, silver coins, silver bars, and jewellery. Physical silver is tangible and can be stored securely, offering a direct way to own the metal. However, it comes with storage and insurance costs, and physical assets can be less liquid than financial instruments.
  • Silver ETFs: Exchange-Traded Funds (ETFs) offer a convenient way to invest in silver without the need to store physical metal. ETFs track the price of silver and are traded on the stock exchange, providing liquidity and ease of access. However, ETFs involve management fees and do not provide the security of holding physical silver.
  • Silver Mining Stocks: Investing in stocks of silver mining companies provides exposure to silver prices. These stocks can offer higher returns but come with additional risks associated with the mining industry, such as operational challenges and fluctuating production costs.

Each investment option has its pros and cons, and investors should choose based on their risk appetite, investment horizon, and financial goals.

Silver Price Forecast

Expert predictions and forecasts suggest that silver prices will continue to be influenced by the same factors that have historically driven the market. Economic conditions, technological advancements, and changes in industrial demand are expected to play significant roles. Here are the most recent forecasts from market experts:

In 2024, silver prices are anticipated to rise due to geopolitical tensions, the US presidential election, and potential Federal Reserve rate cuts. Ongoing conflicts and political uncertainties are likely to push investors towards safe-haven assets like silver.

A Trump victory could create market instability, boosting silver demand, while a Biden re-election might offer stability. Interest rate cuts by the Federal Reserve would further enhance silver’s appeal to investors.

Forecasts for 2024 vary: a median price of SGD 1.08 per gram (Reuters), SGD 1.50 per gram (Investing Haven), SGD 1.17 per gram (Capital Economics and Physical Gold), and SGD 1.30 per gram (JP Morgan, Commerzbank, and Saxo Bank).

For 2025, predictions range from SGD 1.50 to SGD 2.20 per gram (Investing Cube. By 2030, PricePrediction.net's AI tool forecasts SGD 14.80 per gram, driven by increased industrial demand. Potential shortages by 2050 are expected to drive prices even higher due to strong demand from the solar sector.

Using forecasts in investment decisions can help investors strategise their silver investments. While predictions can provide insights, it is essential to remain cautious and consider multiple sources before making investment decisions.

Buying and Selling Silver in Singapore

Singapore offers various channels to buy and sell silver, ensuring competitive rates and reliable transactions. Popular locations include bullion dealers, banks, and online platforms such as Indigo Precious Metals. To buy silver at the best price, it’s advisable to stay updated on rates and market trends. When selling silver, timing is likewise crucial to maximise returns. Monitoring the silver price in SGD and choosing the right moment to sell can significantly impact the profitability of your investment.

Comparison with Other Precious Metals

While gold is often the preferred choice for investors, other precious metals like silver, platinum, and palladium also hold significant value. Each metal has its unique characteristics and market dynamics.

Silver, for instance, is more volatile but can offer higher returns during bull markets due to its extensive industrial demand. Compared to gold, silver's lower price point makes it more accessible to retail investors. However, during economic downturns, silver may underperform compared to gold, which is viewed as a more stable safe-haven asset. Silver's broad industrial applications ensure steady demand, making it a valuable component of a diversified investment portfolio.

Check up on gold prices in Singapore or the current price of platinum. Alternatively,  buy palladium online to diversify your portfolio further. 

 

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