Silver Falls 9.5% This Week as Gold Eases Lower
Silver moved more than gold this week, so we are starting there. Over the week of 26 October to 1 November 2026, silver fell from S$2.23 to S$2.02 per gram. For anyone holding a 1 oz silver piece, that is the change that stood out most on our counter.
What the silver move looks like
Silver's drop of 9.5% over the week was the sharpest of the two metals. It touched a high of S$2.24 per gram on Tuesday, then closed the week at its low of S$2.02 on Saturday.
The spot price per ounce ended the week at S$63. A 1 oz piece holds 31.10 grams, so it follows that per-gram move directly. Our 1 oz Canadian Maple Leaf Silver Coin (various years) is priced at S$72 today, which gives you a familiar reference point for what a single coin costs at the shop.
Gold held a narrower range
Gold was down 3.8% over the week, moving from S$165.46 to S$159.25 per gram. It peaked at S$167.32 on Tuesday and finished at its lowest point of the week on Saturday.
Per ounce, gold ended the week at S$4,953, or US$3,875 in US dollar terms, down from US$4,017 at the start. The Singapore dollar was little changed against the US dollar, with USD/SGD moving from 1.2810 to 1.2781, a fall of 0.2%. Our 1 oz Australian Kangaroo Gold Coin (various years) is priced at S$5,425 today.
The longer view and the ratio
Over four weeks, gold is down 6.6% and silver is down 19.1%. Over the past year, gold is down 4.8% and silver is down 0.8%, so the two metals have not moved in step.
The gold to silver ratio rose from 74.2 at the start of the week to 78.9 at the end. In plain terms, silver lost more ground against gold this week, and that is one reason many of our regulars like to check the ratio alongside the day's prices.
| Day | Gold / g | Silver / g | USD/SGD |
|---|---|---|---|
| Mon 26/10 | S$165.46 | S$2.23 | 1.2810 |
| Tue 27/10 | S$167.32 | S$2.24 | 1.2808 |
| Wed 28/10 | S$166.70 | S$2.21 | 1.2828 |
| Thu 29/10 | S$165.61 | S$2.16 | 1.2802 |
| Fri 30/10 | S$160.17 | S$2.02 | 1.2779 |
| Sat 31/10 | S$159.25 | S$2.02 | 1.2781 |
You can see live prices for every product on our website, and you are welcome to drop by Centrium Square to talk through what suits you. We are happy to help you read the numbers, with no pressure either way.
Prices are facts from our own price feed, not advice. Past prices don't tell you future prices.