Yttrium monosilicate (YMS) is a candidate environmental barrier coating material. It is a line compound, and its synthesis requires strict stoichiometric control of the starting materials. In this work, YMS was synthesised by the sol-gel method. Yttrium oxide and tetraethyl orthosilicate (TEOS) were used as precursors. The ratio of water to ethanol was varied to study the role of water in the formation of phase-pure YMS. The formation of secondary phases during synthesis was attributed to the complex interaction of TEOS with water in the presence of ethanol. It was seen that water and ethanol play a significant role in aqueous sol-gel processes involving silica than merely being present as solvents. The results are helpful in identifying the suitable sol-gel parameters for the synthesis of phase-pure yttrium monosilicate.