Product Details


LBMA 1,000 oz Good Delivery Silver Bar

LBMA 1,000 oz Good-Delivery silver bars are used in settlements on the London Bullion Market, COMEX, and other international exchanges. These silver bars are produced by reputable LBMA-accredited precious metal refiners and are usually not sold to the retail market. LBMA Good Delivery silver bars offer the lowest premium for investors keen to buy silver. Being an LBMA affiliate member ourselves we have access to good volume prices and can guarantee the best price in Singapore!

For those who are willing to purchase at least 1,000 ounces, we recommend these LBMA 1,000 oz Good Delivery bars. Buy with confidence from us, and if you find another entity in Singapore offering the bar at a lower price than us, Silver Bullion will match the price. Terms and conditions apply.

Although metal purity is standardized, these bars vary greatly in shape, manufacturer branding, and mass which can vary between 750 and 1,100 oz. The vast majority of these bars will weigh between 950 and 1030 Troy oz. The list of current silver refiners of LBMA Good Delivery bars can be found on this page.

The variation in mass complicates transactions as each bar will have a unique weight that is unknown upon ordering, we will prorate mass as needed upon order closure.

THE PRICE WILL ONLY BE CONFIRMED WHEN THE BARS HAVE ARRIVED AND WE KNOW THEIR ACTUAL WEIGHTS.

THE BARS WILL BE ASSIGNED WITH THEIR ACTUAL WEIGHTS ONCE WE HAVE RECEIVED PAYMENT FOR THE ORDER.

LBMA Good Delivery bars have the following characteristics:

  • Premiums per oz are the lowest in the industry and all bars always come with a serial number
  • Good delivery bars are usually readily available in large quantities and have the best volume liquidity
  • Premiums are not as volatile as coin premiums, making them a particualrly good choice when smaller retail bullion is scarce
  • Mass can vary greatly - e.g. -100 oz to +50 oz - complicating transactions as the exact mass might not be known upon ordering or transferring
  • These heavy bars (31Kg+) will normally take two persons to carry
  • The manufacturer can be any LBMA member refinery.

Silver plays a pivotal role in the evolving industrial market. Read our newest report on the rising solar photovoltaic (PV) demand for silver here.

1,000 oz bars are available as a Transfer-In Storage option and when we have in-stock availability. Storage costs for these bars are prorated based on their individual weight so a 1048.15 oz bar will have a proportionally higher storage fee compared to a 937.06 oz bar.

Bar(s) available in STAR Storage by weight:

These bars are tax-free in Singapore and you will receive a photograph.

For bars that are shipped to our vault as initiated from a customer's previous vaulting location (whether purchased from us originally or not), a DUX inspection on each bar will be conducted as we do with our standard parcel transfer-ins. However, they will not be packed in parcels as the transparent parcels are not strong enough to withstand the weight. Instead, the bars will be identified by a manufacturer code and serial number and will have a DUX Tamper Proof Label on the bar that links to the online DUX Inspection Results.


Pricing Details:

Points computation: 1 bar = 1,000.00 points

Tier
Points required
Price
(SGD)
Price/Gram
(SGD)
Price/oz
(SGD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
44,431.12
1.428
44.43
2.49%
5.62%
3
3000.00
44,296.21
1.424
44.30
2.18%
5.33%
5
10000.00
44,161.30
1.420
44.16
1.87%
5.04%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (21,574.74 SGD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 5.0% per annum (Interest: 89.89 SGD)
    • 6-month loans at only 5.0% per annum (Interest: 539.37 SGD)
    • 12-month loans at only 5.5% per annum (Interest: 1,186.61 SGD)
    • 24-month loans at only 6.8% per annum (Interest: 2,912.59 SGD)


Storage Fees

Duration Fixed Storage Fee
Per Parcel
6 months 138.7000 SGD
12 months 277.4000 SGD
24 months 554.8000 SGD
36 months 832.2000 SGD
60 months 1,387.0000 SGD

Other Services:

Item Cost Per Bar
Transfer-in and testing 140.00 SGD

* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.