UOB Silver Price Today — Singapore (Live SGD)
Live UOB Silver Passbook Account price, updated daily at 9:15am SGT. Last update: 24 April 2026.
UOB Silver Passbook Price History
UOB Silver Spread History
UOB bid-ask spread (1 OZ) — exclusive data tracked daily since Sep 2025
What is the UOB gold spread, and why does it matter?
The spread is the gap between UOB's "Bank Sells At" price (what you pay to buy gold) and "Bank Buys At" price (what UOB pays when you sell back). It is effectively UOB's margin per gram — and the round-trip cost you absorb the moment you walk out of the branch.
A normal 1 OZ spread sits near our 30-day average of S$3.99. When the spread widens 15–30% above that, the market is signalling stress: thin wholesale liquidity, FX volatility, or a fast-moving spot price. Buying during a wide-spread day means paying premium today AND receiving less if you sell soon after.
Practical rule of thumb: if you must buy on a "Wide" day (e.g. during a crash rebound), accept that you are paying for liquidity, not gold. If you can wait 24–48 hours for the spread to normalize, you typically save 1–3% — meaningful on a S$10,000+ purchase. Compare against BullionStar and Silver Bullion spreads before any large transaction.
Gold-to-Silver Ratio
The gold-to-silver ratio tells you how many ounces of silver one ounce of gold can buy. Historically the ratio has averaged 50–70 over the past 50 years; readings above 80 are often (but not always) followed by silver outperforming gold.
How UOB's Silver Passbook Account Works
The UOB Silver Passbook Account (SSA) is the only mainstream way to hold silver via a Singapore bank. Unlike UOB gold, UOB does not sell physical silver bars or coins. Silver is held entirely on a passbook basis — no physical delivery is possible.
Pricing is in troy ounces (not grams), denominated in SGD. UOB updates the bid and ask daily at 9:15am SGT. Because the account is a passbook product, transactions are GST-exempt. This is a meaningful edge over physical silver from dealers like BullionStar or Silver Bullion, where physical silver attracts 9% GST in Singapore (silver is not on the IPM exempt list, unlike investment-grade gold).
The trade-off is that you don't own metal. If UOB has a credit event you are an unsecured creditor for the value of your passbook balance. For most retail holders the convenience and GST saving outweigh this risk, but anyone allocating significant sums for true sovereign-risk hedging usually combines SSA with some physical silver from a bonded vault.
Why silver moves more violently than gold: roughly 60% of silver demand is industrial (solar, EVs, electronics) versus ~10% for gold. The total silver market is also a small fraction of gold's by dollar value. Both factors amplify price moves in either direction. See why silver outpaces gold and the gold vs silver decision guide.
Related Reading
Frequently Asked Questions
What is UOB's silver price today?
As of 24 April 2026 9:17am SGT, UOB Silver Passbook Account Bank Sells At S$98.99 per troy ounce and Bank Buys At S$95.00. The spread is S$3.99 (4.03%).
Does UOB sell physical silver bars?
No. UOB only offers silver via the Silver Passbook Account (SSA) — a paper/passbook product priced in troy ounces. There is no physical delivery. For physical silver bars and coins in Singapore, dealers like BullionStar and Silver Bullion are the main alternatives.
How is UOB silver different from BullionStar or Silver Bullion?
UOB SSA is paper silver — convenient for accumulating exposure, no storage needed, but no physical metal in your hand and no way to take delivery. BullionStar and Silver Bullion sell physical bars and coins. Physical silver carries 9% GST in Singapore (silver is not GST-exempt like investment-grade gold), so the all-in cost differs significantly. See our dealer comparison for the full breakdown.
Why is silver more volatile than gold?
Silver has roughly 60% industrial demand (electronics, solar panels, EVs) compared to gold's ~10%. The total silver market is also far smaller than gold's, so the same dollar inflow moves prices more violently. Historically silver outperforms gold during precious-metals bull markets and underperforms during bear markets.
Is the UOB Silver Passbook Account subject to GST?
No. As a passbook product (no physical metal changes hands), the SSA itself does not attract GST. This is the key advantage over physical silver bars and coins, which are subject to 9% GST in Singapore.