UOB Silver Price Singapore 2026: Rates, Fees & Guide

Anyone who’s shopped for silver in Singapore knows the price can feel like a moving target. This guide cuts through the noise with UOB’s official silver rates as of June 2026, the real cost of their Silver Savings Account, and a practical comparison against physical bars and silver ETFs — so you can decide where your money works hardest.

UOB silver passbook 1 oz sell price (June 2026): SGD 81.72 · UOB silver passbook 1 oz buy price (June 2026): SGD 85.72 · UOB silver account monthly service charge: 0.375% p.a. of highest monthly balance · UOB silver account minimum monthly charge: 0.2 ounces of silver · Silver bar (1 kg) approximate price range in Singapore: ~SGD 1,100 – SGD 1,300

Five key facts, one pattern: UOB’s silver products are built for convenience, but convenience comes with a recurring fee that physical bullion buyers avoid.

Here is the full metric breakdown from UOB’s own documentation and market data.

What is the silver price today in Singapore?

UOB silver price today: buy and sell rates

• As of 20 June 2026, UOB’s Silver Passbook sell price stands at SGD 81.72 per 1 oz, while the buy price is SGD 85.72 per 1 oz (UOB Singapore Gold & Silver).
• UOB updates these rates regularly — the page was refreshed as of 19 June 2026 (UOB Singapore Gold & Silver).
• For context, in January 2025 the same account quoted roughly SGD 110.83 per 1 oz, reflecting silver’s price movement over 18 months (Starvault).

Comparison with global spot silver price

• The global spot silver price typically trades in US dollars per troy ounce and is influenced by industrial demand, inflation expectations, and currency moves.
• UOB’s buy-sell spread on the passbook (roughly 4.9% at current rates) is wider than what institutional investors pay, but typical for a retail bank product.
• Physical silver bars in Singapore — 1 oz, 10 oz, and 1 kg sizes — usually carry a premium of 2-6% above spot, depending on the dealer and bar brand (Growbeansprout).

Can I buy silver from UOB?

UOB Silver Passbook account: how it works

• The UOB Silver Savings Account (formerly the OUB Silver Passbook Account) is a paper-based silver ownership product — you hold silver in book-entry form, not as bars in your hand (UOB Group Factsheet).
• You can buy and sell silver through UOB Internet Banking once the account is set up (Financial Horse).
• The account is positioned under UOB’s investment section alongside gold, clearly marketed as an investment account rather than a bullion storage service (UOB Singapore Gold & Silver).

UOB physical silver bars and coins

• UOB sells physical silver bars at its Main Branch, available in sizes including 1 oz, 10 oz, and 1 kg (Growbeansprout).
• UOB is the only Singaporean lender offering physical gold sales and vault services, and a similar setup supports its silver offering (The Business Times).
• Physical silver does not incur GST under the passbook model, though the claim about GST exemption on the passbook itself comes from community sources rather than UOB directly (Dr Wealth).

How much is the UOB silver account fee?

Service charge schedule

• UOB charges 0.375% p.a. of the highest silver balance each month (UOB Singapore Gold & Silver).
• This fee is calculated in ounces of silver rather than Singapore dollars, a change documented in UOB’s factsheet when the product was renamed (UOB Group Factsheet).
• The same factsheet confirms the service charge was updated to be expressed in ounces instead of dollars, aligning the fee with the metal itself.

Minimum monthly fee explained

• The minimum monthly charge is 0.2 ounces of silver (UOB Singapore Gold & Silver).
• At the June 2026 sell price of SGD 81.72 per oz, 0.2 oz equals roughly SGD 16.34 — about SGD 196 per year before any growth.
• UOB warns that silver investments are subject to market risk, including possible loss of principal (UOB Business Gold & Silver).

The implication: a small silver account gets eaten by the minimum charge. For anyone holding under 10 oz, the annual fee as a percentage of holdings is steep — roughly 2.4 oz/yr on a 10 oz balance, or about 24% of the silver itself.

What is the best way to invest in silver in Singapore?

UOB silver passbook vs physical silver bars

• UOB Passbook: High liquidity — buy/sell at bank rates. Monthly fee of 0.375% p.a. (min 0.2 oz). No storage worry. No GST reported (Dr Wealth).
• Physical bars: Tangible asset. One-time cost plus storage/insurance. Wider bid-ask spread. Typical 1 kg bar runs SGD 1,100-1,300 (Growbeansprout).
• The passbook may count as assets under management for UOB’s relationship banking, though this is not officially confirmed (Reddit r/singaporefi).

Silver ETFs available in Singapore

• Silver ETFs trade on SGX or international exchanges with management fees around 0.20%-0.50% p.a. (StashAway).
• No storage or insurance costs. Tax treatment varies by fund jurisdiction.
• ETFs offer instant diversification and can be bought in small dollar amounts through a brokerage account.

Cost and liquidity comparison

Three options, one clear split in trade-offs.

The pattern: UOB passbook wins on convenience and small entry, but its monthly minimum fee stings at low balances. Physical bars win on zero recurring cost but lose on liquidity. ETFs offer the lowest annual fee but require a brokerage account.

Are silver prices expected to fall?

Factors driving silver price in 2026

• Industrial demand — silver is used in solar panels, electronics, and medical devices — continues to be a primary price driver.
• Inflation expectations and US dollar strength also directly influence silver as a precious metal hedge.
• No single forecast dominates: analysts are split between continued industrial demand supporting prices and potential headwinds from monetary policy (StashAway).

Analyst consensus from credible sources

• There is no clear consensus. Some analysts predict a decline if industrial demand softens; others see stability or modest gains due to inflation hedging and supply constraints.
• The divergence itself is a risk factor for anyone timing the market.
• UOB’s own documentation notes investments in silver are subject to possible loss of principal (UOB Business Gold & Silver).

What this means: don’t rely on price direction alone. The structure of your investment — passbook vs. physical vs. ETF — matters more than trying to predict the next move.

How to buy silver from UOB step by step

1. Step 1: Set up a UOB Silver Savings Account
   • Visit a UOB branch or go online to open a basic savings account if you don’t have one.
   • Request the Silver Savings Account add-on — it’s linked to your existing UOB account.
   • UOB describes the setup process as straightforward via Internet Banking once the account is established (Financial Horse).
2. Step 2: Fund the account
   • Transfer Singapore dollars from your savings account to fund silver purchases.
   • There is no reported minimum deposit, but the minimum monthly fee effectively requires at least 0.2 oz to avoid a negative balance.
3. Step 3: Buy silver via UOB Internet Banking
   • Log into UOB Internet Banking and navigate to the gold and silver section under investments.
   • Select ‘Buy Silver’ and enter the amount in ounces or dollars. The system shows the current sell price (SGD 81.72 as of June 2026).
   • The silver is credited to your passbook account instantly for online purchases.
4. Step 4: Monitor the monthly fee
   • Each month, UOB charges 0.375% p.a. of your highest silver balance, min 0.2 oz.
   • Check your account statement to see the fee deducted in silver ounces.
   • If you’re holding for the long term, consider whether the passbook or physical bars make better sense at your balance level.
5. Step 5: Sell when ready
   • Go back to Internet Banking, select ‘Sell Silver,’ and enter the amount.
   • UOB pays you the buy price (SGD 85.72 per oz as of June 2026).
   • Proceeds are credited to your savings account. No lock-in period.

“The monthly service charge is 0.375% p.a. of the highest silver balance each month, subject to a monthly minimum charge of 0.2 ounces of silver.”

— UOB Singapore Gold & Silver

“1 OZ Silver Passbook: Sell 81.72, Buy 85.72 (June 20 2026).”

— UOB Singapore Gold & Silver (official bullion rates page)

“UOB is the only Singaporean lender offering physical gold sales and vault services, and a similar setup supports its silver offering.”

— The Business Times

For the Singapore investor weighing options, the choice is clear: small and frequent — use the passbook for flexibility. Large and long-term — buy physical bars or an ETF to avoid the monthly fee that silently chips away at your position.

Frequently asked questions

For the Singapore investor, the decision between UOB’s passbook, physical bars, and ETFs comes down to holding period and balance. Small traders benefit from the passbook’s instant liquidity. Long-term holders avoid the monthly fee with physical or ETFs. The wrong choice — holding a small passbook balance for years — quietly erodes returns at roughly SGD 196 per year in minimum charges.

Related reading

• DBS Savings Account Minimum Balance Guide — Compare another major Singapore bank’s account fee structure alongside UOB’s silver offering.
• Singapore Dollar in India: Live Rate, Salary & Gold Guide — Broader context on precious metals and exchange rates in the Singapore market.