Silver Price in Australian Dollars Today

Yes, investment-grade silver with a purity of 99.9% or higher is exempt from Australia's 10% Goods and Services Tax (GST). This exemption applies to silver bars, coins, and rounds that meet the purity threshold, making Australia one of the more tax-friendly jurisdictions for purchasing physical silver. However, silver jewelry, collectible coins with numismatic premiums, and silver items below 99.9% purity are still subject to GST.

The Perth Mint produces several highly sought-after silver coin series. The Silver Kangaroo is a 1 oz .9999 fine silver bullion coin issued annually with a new design. The Silver Kookaburra, first minted in 1990, is one of the world's longest-running silver coin programs and features a new kookaburra design each year. The Perth Mint also produces the Silver Koala series and the popular Lunar Series, which follows the Chinese zodiac cycle. All of these coins are recognized worldwide and carry Australian legal tender status.

The Australian dollar is considered a commodity currency, meaning it tends to strengthen when commodity prices rise and weaken when they fall. This partially offsets silver price movements for Australian investors — when silver rises in USD terms, the AUD often strengthens too, dampening the gain in AUD terms. Conversely, when silver falls, the AUD may weaken, cushioning the loss. However, this correlation is not perfect, and periods of AUD weakness combined with rising silver prices can produce amplified gains for Australian investors.

Yes, Self-Managed Super Funds (SMSFs) in Australia can invest in physical silver, provided it meets specific requirements. The silver must be at least 99.9% pure (investment-grade) and must be stored in an approved depository — it cannot be kept at home or in a personal safe. SMSFs can also gain silver exposure through ASX-listed ETFs such as ETPMAG. All silver held by the SMSF must be held in the fund's name, not in the name of individual trustees, and the investment must align with the fund's investment strategy as documented in its trust deed.