About Silver · Singapore
Singapore is one of the most silver-friendly jurisdictions globally. Investment-grade silver (minimum 99.9% purity) is exempt from GST under Singapore's Investment Precious Metals (IPM) scheme. This makes Singapore a preferred storage and trading hub for Asian silver.
The Singapore silver price is the COMEX spot price converted to SGD at the live exchange rate. Singapore's BullionStar and The Silver Bullion are well-known dealers with competitive premiums and allocated vault storage.
Frequently Asked Questions
Is silver GST-free in Singapore? +
Yes. Investment-grade silver (99.9%+ purity) meeting IPM criteria is exempt from Singapore's 9% GST. This applies to approved coins and bars from recognized mints.
What is the best way to buy silver in Singapore? +
Singapore offers allocated vault storage at competitive rates. BullionStar, UOB, and The Silver Bullion offer GST-exempt silver. Premiums are typically lower than in Europe due to no VAT.
How is SGD silver price calculated? +
COMEX spot price (USD/oz) is converted to SGD using the live USD/SGD exchange rate. Singapore has no import duty on investment silver.
Can I store silver in Singapore? +
Yes. Singapore has world-class freeport storage at Le Freeport Singapore and several licensed precious metals vault operators. Allocated storage is segregated and insured.
Silver Market Analysis - Singapore (March 2026)
Singapore's Investment Precious Metals (IPM) scheme exempts silver bullion bars of 99.5%+ purity from GST, making it a tax-efficient hub for silver investment in Asia-Pacific. The Singapore Bullion Market Association (SBMA) facilitates a transparent trading environment, with vault storage available at the Singapore FreePort. Silver prices in SGD track the COMEX spot rate converted via live USD/SGD rates. In 2026, Singapore is positioning itself as a key silver trading hub as industrial demand from Southeast Asian electronics manufacturing continues to grow.