Where to Buy Silver in Uganda

Silver is one of the most accessible precious metals for investors. In Uganda, most attention goes to gold – but serious buyers can also acquire silver bars and coins through the right licensed channels. This guide explains how to buy silver in Uganda safely, legally and transparently.

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Main Channels to Buy Silver in Uganda

Unlike some Western markets, Uganda does not have a dedicated public bullion exchange. Silver is typically accessed via a combination of local and international channels.

1. Licensed Mineral Dealers & Precious Metals Offices

Some licensed gold dealers also offer silver products, either refined bars or imported bullion coins. These dealers usually operate from offices in Kampala or other major towns.

  • Look for visible offices, business registrations and a mineral dealer licence.
  • Ask whether they stock silver bars or coins, and in which weights and brands.
  • Request detailed invoices and, where possible, assay or product certificates.

2. Export-Focused Precious Metals Companies

Export-oriented companies that specialise in gold may also help source silver for clients, especially those wanting a mix of gold and silver in one shipment.

  • Access to silver through refineries or international partners.
  • Support with documentation, export permits and logistics.
  • Best suited to serious and bulk buyers.
PHOTO: KAMPALA BUSINESS DISTRICT – SILVER TRADE

3. International Online Bullion Dealers & Offshore Storage

Many investors based in Uganda also choose to buy silver via established international bullion dealers and vaulting providers, particularly when they want specific coins or large-format bars that may not be stocked locally.

  • Wide range of silver coins and bars (global mints and brands).
  • Options for fully insured shipping or vaulted storage abroad.
  • Ability to diversify storage across multiple jurisdictions.

If you arrange for silver to be shipped into Uganda, you must still comply with local customs and import rules. Some investors prefer to keep silver stored offshore in professional vaults instead.

PHOTO: INTERNATIONAL BULLION PLATFORM & VAULT

What Forms of Silver Are Available?

Depending on your strategy, you can access silver in several different forms. Each has its own advantages and trade-offs.

Form Description Ideal For
Silver Bars Investment-grade bars, often 999 or 999.9 purity, in weights such as 100g, 250g, 500g and 1kg. Serious investors, long-term holdings, export and resale to international markets.
Silver Coins (Imported) Global bullion coins like Britannias, Maple Leafs, Eagles and others, typically sourced through imports. Investors who want smaller, recognisable units and international liquidity.
Silver Grain / Industrial Silver Silver in grain, shot or industrial form, typically destined for refineries or industrial users. Specialist buyers with refining or industrial applications.
PHOTO: SILVER BAR, COINS & GRAIN TOGETHER

How Nile Gold Trading Can Help Silver Investors

While our core focus is gold, we understand that many clients want to diversify into silver as well. Nile Gold Trading can:

  • Advise on structuring combined gold + silver allocations.
  • Help connect you with licensed partners who can supply silver bars or coins.
  • Support due diligence by reviewing documentation and assay reports.
  • Assist in planning export and logistics for qualified buyers.

Our goal is to ensure that any silver allocation fits into a broader, well-documented and compliant precious-metal strategy.

PHOTO: CLIENT STRATEGY MEETING – GOLD & SILVER

Due Diligence Checklist – Silver Purchases in Uganda

Before you commit funds, take time to verify the dealer, the metal and the paperwork.

Verify the Dealer

  • Request a copy of the mineral dealer or export licence.
  • Confirm company registration and physical office address.
  • Ask for references or evidence of completed transactions.

Verify the Silver

  • Check purity (e.g. 999 / 999.9) stamped on bars or coins.
  • Ensure weight markings match scale measurements.
  • Ask for assay certificates for substantial purchases.

Verify the Paperwork

  • Demand clear invoices with full product descriptions and pricing.
  • For exports, ensure proper permits, customs declarations and certificates of origin.
  • Clarify payment methods, incoterms and who is responsible for insurance and freight.

Check the Pricing

  • Confirm how the price is linked to the international silver spot rate.
  • Understand premiums and any additional fees (testing, logistics, administration).
  • Be cautious of offers far below market – they are usually a red flag.
PHOTO: DUE DILIGENCE – SILVER & DOCUMENTS

Why Consider Silver from Uganda vs Only Buying Abroad?

For some investors, combining silver sourced through Uganda with offshore holdings offers a useful diversification of markets and counterparties.

  • Combined allocations: purchase gold and silver through one integrated plan.
  • Competitive premiums: potential to negotiate better terms on larger, mixed orders.
  • Regional logistics: use established trade routes from East Africa to global hubs.
  • Supplier diversification: avoid relying on a single country or platform for all metal.
PHOTO: UGANDA & GLOBAL SILVER TRADE ROUTES

Frequently Asked Questions – Where to Buy Silver in Uganda

Can foreigners buy silver in Uganda?

Yes. Foreign investors can buy silver through licensed Ugandan dealers and exporters, subject to local regulations and the laws in their home jurisdiction.

Is silver as easily available as gold?

Gold is more widely traded, but serious dealers can often source silver bars or coins through refineries and international partners, especially for committed buyers.

Do I need my own licence to purchase silver?

Typically you do not need your own licence just to buy silver, but the seller must be licensed. For operating your own trading or export business, additional licences may be required.

How is silver priced in Uganda?

Pricing is usually based on the international silver spot price, adjusted for purity, form (bars vs coins), quantity and local logistics or refining costs.

Does this guide replace legal or tax advice?

No. It is an educational overview only. For legal, regulatory or tax matters, always consult qualified professionals in Uganda and in your own country.

Talk to Nile Gold Trading About Buying Silver in Uganda

If you want to explore adding silver to your precious-metal strategy via Uganda, Nile Gold Trading can help you understand your options, connect with licensed partners and plan a compliant, documented approach.

Email: info@nilegoldtrading.com
Call / WhatsApp: +256 XXX XXX XXX

Request a Silver Consultation
FORM: WHERE TO BUY SILVER IN UGANDA – ENQUIRY FORM

This page is for general information only and does not constitute legal, regulatory, tax or investment advice. Always seek guidance from qualified professionals before entering into any precious-metal transaction.