Given the standard basis for the Lie algebra $\mathfrak{su}(2)$ of SU(2), $\{i\sigma_1,i\sigma_2,i\sigma_3\}$ where
$\sigma_1=\Biggl(\begin{array}{cc} 0&1\\ 1&0\end{array}\Biggr),\quad\sigma_2=\Biggl(\begin{array}{cc} 0&-i\\ i&0\end{array}\Biggr),\quad\sigma_3=\Biggl(\begin{array}{cc} 1&0\\ 0&-1\end{array}\Biggr),$
I want to find a basis for the universal enveloping algebra, $\mathcal{U}(\mathfrak{su}(2))$. By the Poincare-Birkoff-Witt Theorem I believe we have
$\{i\sigma_1,i\sigma_2,i\sigma_3,-i\sigma_1\sigma_2,-i\sigma_1\sigma_3,-i\sigma_2\sigma_3,-i\sigma_1\sigma_2\sigma_3\}$,
in other words all lexicographically ordered monomials. However, since products of the Pauli matrices are Pauli matrices (ie $\sigma_1\sigma_2=i\sigma_3$) it would seem that the two algebras have the same basis, just with the Lie bracket $[,]$ replaced with matrix multiplication. Can someone tell me if this is correct?