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Pereira, 27, finished her run on Saturday in 11.27 seconds, only 0.04 seconds behind the gold medalist Ge Manqi of China, while Bahrain's Hajar Alkhaldi won bronze.
"I was up against really stiff competition. I had to give my 150,000% today, which I'm really glad I did," Pereira said after the race, as cited by The Strait Times.
Shanti led for most of the race, before Ge overtook her in the final meters, Olympics.com said, adding that the Singaporean seemed disappointed about missing the gold medal as she watched a replay of the race on the big screen.
Ge topped the heats in 11.17 seconds, which was 0,03 faster than Pereira's national record.
Previously in July, Pereira won the 100 m and 200 m events at the Asian Athletics Championship (AAC), while Ge finished third.
It was a stellar year so far for Pereira when she won two AAC golds, two SEA Games golds and an Asian Games silver.
In August, at the World Athletics Championships, she became the first Singapore athlete to reach the semifinals, clocking 22.57 seconds and meeting the Olympic qualifying threshold.
On Monday, Pereira will compete in the 200 m final.
