Silver has once again been gaining widespread attention among investors. After posting its strongest annual performance since 1979 in 2025, silver continued setting new highs in early 2026, breaching US$100 an ounce for the first time in January before subsequently pulling back. The silver market is also forecast to remain in deficit for a sixth consecutive year in 2026.
Back in 2021, silver had also attracted attention during the #ShortSqueeze saga involving Redditors on the WallStreetBets subreddit or WSB. At the time, silver prices surged to close to 8-year highs, alongside stocks such as GameStop, AMC Entertainment and Nokia.
As an investment, silver is a precious metal commonly used as a store of value (second only to gold). It can also be viewed as a hedge against inflation and economic uncertainty. Silver is also used in jewellery and tableware, as well as for electronics, solar panels, medical equipment and anti-bacterial purposes. Industrial demand remains an important driver of the silver market, although industrial fabrication is forecast to decline slightly in 2026 as manufacturers continue reducing the amount of silver used in photovoltaic applications.
For investors who are interested in silver, we look at 6 ways investors in Singapore can gain exposure to it. However, do note that any investment carries risk, and it is never advisable to invest based on speculation or “because you heard a friend say so”.
#1 Buying Physical Silver Bars And Coins
One of the most straightforward ways to invest in silver is to buy physical silver bars or coins. However, unlike buying gold bars and coins, silver isn’t as widely available – many jewellery outlets and pawnshops may not sell it.
Instead, we likely have to use a reputable seller. Many such sellers can be found online, including Silver Bullion, Bullion Star or others. When purchasing from these sources, we typically can arrange for physical delivery or choose storage options.
When investing in physical silver, storage cost is going to be a consideration. It is probably impractical to store tens of thousands of dollars in physical silver bars on our own. In any case, we would need to also purchase a safe. Alternatively, storage options are typically available from the sources we purchase from, or we can store it in a safe deposit box. Storage fees vary depending on the provider, amount stored and type of storage arrangement.
Read Also: 5 Ways Investors In Singapore Can Invest In And Gain Exposure To Gold As An Asset Class
#2 Opening A UOB Silver Savings Account
As far as we can tell, UOB remains the only major local bank to offer a Silver Savings Account. The UOB Silver Savings Account allows us to buy and sell silver without physical delivery. There is a minimum balance requirement of 10 ounces, and a minimum quantity per transaction of 10 ounces of silver. There is also a service charge of 0.2 ounces of silver per month or 0.375% per annum on the highest silver balance recorded in a calendar month, whichever is higher. GST is applicable on the service charge.
While not available for silver, UOB also sells physical gold bars and coins if we choose to invest in gold.
To open a Silver Savings Account, we have to go down to a UOB branch. Once the account is opened, we can transact at a UOB branch or online between Mondays to Fridays, 8am to 11pm (excluding Singapore public holidays).
Read Also: Complete Guide To Investing In Gold and Silver With UOB And UOB Gold And Silver Savings Account
#3 Investing In Silver ETFs
Another popular way to invest in silver is to invest via an Exchange Traded Fund (ETF). One of the most well-known silver investment products is the iShares Silver Trust (NYSE: SLV), or just commonly referred to as SLV.
The SLV is classified as a Specific Investment Product (SIP), meaning it is considered a more complex retail investment product.
By investing in SLV, we immediately gain exposure to silver. This allows us to trade our investments like we trade shares in our brokerage account. It tends to be more liquid and we can invest as big or small an amount as we choose.
There are other silver ETFs, including the abrdn Physical Silver Shares ETF (NYSE: SIVR). SIVR, previously known as the Aberdeen Standard Physical Silver Shares ETF, remains listed and is also classified as an SIP by FSMOne.
The article previously also listed the Invesco DB Silver Fund (NYSE: DBS). This fund has since been liquidated and is no longer part of Invesco’s current line-up of DB commodity funds.
When investing, we have to consider ETF management fees we are being charged, as well as brokerage transaction costs. For example, SLV continues to levy a sponsor fee of 0.5%.
#4 Investing In Silver Unit Trust
We can also invest in precious metal or commodity unit trusts to gain exposure to silver. This is quite similar to investing in an ETF, except that unit trusts are not listed on an exchange, and we need to buy and sell them with a platform, such as FSMOne.
One other thing we need to note is that such unit trusts are typically invested in a basket of commodities, and silver may only comprise a smaller share of the portfolio. If we want to only gain exposure to silver and not other metals or commodities, this may not be the ideal solution.
One such unit trust is the Schroder Alternative Solutions Commodity Fund. According to its latest factsheet, the fund invests broadly across commodities rather than specifically in silver. Its portfolio allocation can change over time, so investors should check the latest factsheet before investing. Schroders’ June 2026 fund update showed precious metals accounting for 15.6% of the fund, alongside energy, base metals, grains and other commodities.
Similar to investing in ETFs, we have to consider fund management fees and transaction fees. These charges can change over time, so investors should refer to the latest fund documents for the applicable fees.
#5 Investing In Silver Mining Companies
Apart from investing in silver itself, we can also gain exposure to silver by investing in silver mining companies.
Some silver mining companies include Pan American Silver Corp (NYSE: PAAS), Hecla Mining (NYSE: HL), and many more. Both remain major listed silver producers. Pan American Silver reported attributable silver production of 6.5 million ounces in the second quarter of 2026, while Hecla describes itself as the largest primary silver producer in the United States and Canada.
Similar to movements in silver prices, the share prices of silver mining companies can rise or fall significantly. However, investing in a silver mining company is not the same as investing directly in silver. Its share price can also be affected by production costs, operational performance, debt, management decisions and other company-specific factors.
#6 Trading Silver Contract For Differences (CFDs)
If we just want to gain short-term exposure to silver, we can consider trading a silver CFD. This way, we don’t have to think about owning physical silver assets, either physically or within our investment portfolio.
We can utilise a trading platform, such as IG to trade commodities (amongst other products), including silver, gold and other commodities. IG continues to offer silver CFDs in Singapore.
By trading a CFD, we can also magnify our position to take advantage of small short-term fluctuations in silver prices. However, leverage works both ways and can magnify losses as well as gains. Typically, we need a risk management strategy and an investment strategy when trading leveraged products.
Read Also: 5 Interesting Commodities You Never Knew You Could Trade
