Sprott Silver Miners & Physical Silver ETF
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As of May 5, 2025
NAV
$22.85
NAV Daily Change
+$0.39
+1.74%
NAV Since Inception Cumulative Change1
9.96%
Ticker
SLVR
Market Price2
$22.88
Premium/Discount3
0.13%
Total Net Asset Value
$54.6 Million
Net Total Expense Ratio4
0.65%
Overview
Key Points
- Pure-Play† Silver ETF – The only†† silver ETF focused on silver miners and physical silver.
- One of the World’s Oldest Currencies –Silver has value as a precious metal investment with historically low correlation to other asset classes.††† Investments span coins, bars, jewelry and silverware.
- Critical to Energy and Technology – Silver is a critical material that is used across a variety of advancing industries, including solar energy, AI, automotive technology and healthcare. Silver demand significantly exceeded supply in each of the last five years and is forecast to rise.††††
- Well-Positioned Companies – Companies upstream in the supply chain may be well-positioned to benefit from the increased investment in silver necessary to meet rising industrial demand and growing investment interest in precious metals.
Investment Objective
Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) seeks to provide investment results that (before fees and expenses) correspond generally to the total return performance of the Nasdaq Sprott Silver Miners™ Index (NSLVR™) by investing at least 80% of its total assets in securities of NSLVR™. The Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.
†The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.
††Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 1/14/2025.
†††Source: The Relevance of Silver in a Global Multi-Asset Portfolio, The Silver Institute, September 2022.
††††Source: Metals Focus: World Silver Survey 2024, The Silver Institute. Data as of 12/31/2023.
Key Facts
Ticker
SLVR
Listing Exchange
Nasdaq
Benchmark Index
NSLVR
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P8730
Copyright 2025, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
Show CUSIP
CUSIP: 85208P873
Copyright 2025, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
January 14, 2025
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.65% |
| Other Expenses | 0.00% |
Total Annual Fund Operating Expenses |
0.65% |
ETF Fund Details
May 5, 2025
Total Net Assets
$54,609,758.66
Shares Outstanding
2,390,000
Number of Holdings
49
Median 30 Day Bid Ask Spread
(As of 5/1/2025)
0.39%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 4/30/2025
| Fund | 1 MO* | S.I.*1 |
| Sprott Silver Miners & Physical Silver ETF (Net Asset Value) |
-1.18 | 13.28 |
| Sprott Silver Miners & Physical Silver ETF (Market Price)2 |
-1.46 | 13.38 |
| Nasdaq Sprott Silver Minders� Index (Benchmark)5 |
-1.11 | 13.46 |
Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 888.622.1813 or visit www.sprottetfs.com for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
* Returns less than one year are not annualized.
1 Inception Date: 1/14/2025.
2 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
3 The Premium/Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).
4 Reflects Total Annual Operating Expenses as outlined in the most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 0.65% of net assets.
5 The Nasdaq Sprott Silver Miners™ Index (NSLVR™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Sponsor”). The Index Provider and Sponsor co-developed the methodology for determining the securities to be included in the Index and the Index Provider is responsible for the ongoing maintenance of the Index. The Sponsor will provide certain services in connection with the Index including contributing inputs in connection with the eligibility and process to determine the initial selection and ongoing composition of the Index constituents. One cannot invest directly in an index.
Market Price vs. Net Asset Value Since Inception
User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.
Inception date: January 14, 2025.
Historical Premium/Discount: Market Price to Net Asset Value
User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.
Inception date: January 14, 2025.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of May 5, 2025
| CY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
| Days Traded at Premium | -- | 47 | -- | -- | -- |
| Days Traded at Discount | -- | 3 | -- | -- | -- |
Portfolio Characteristics
As of 3/31/2025
| Number of issuers | 49 |
| Market Cap (millions) | $80,522.63 |
| Largest Market Cap (millions) | $35,218.98 |
| Smallest Market Cap (millions) | $23.80 |
| Weighted Avg. Company Market Cap (millions)† | $2,778.80 |
| Market Cap Breakdown | |
| Large (>$10B) | 4.85% |
| Medium ($2 -$10B) | 13.15% |
| Small (<$2B) | 60.23% |
| Non-Classified | 21.78% |
| Material Weightings†† | |
| Silver Equities | 58.48% |
| Physical Silver††† | 21.78% |
| Other Equities | 19.75% |
†Excludes the Sprott Physical Silver Trust.
††Reflects equities classified by Sprott Asset Management.
†††Includes holdings focused on the physical ownership of silver:
Sprott Physical Silver Trust.
Company Domicile Breakdown
As of 3/31/2025
Holdings
As of 5/05/2025
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Sprott Physical Silver Trust | $9,775,516.80 | PSLV | B5SW4F5 | 898,485 | 17.90% |
| MAG Silver Corp. | $6,926,351.04 | MAG | B01CJZ2 | 464,544 | 12.68% |
| Aya Gold & Silver Inc. | $3,729,385.02 | AYA CN | BK94091 | 569,133 | 6.83% |
| Wheaton Precious Metals Corp. | $3,368,609.40 | WPM | BDG1S92 | 40,391 | 6.17% |
| GoGold Resources Inc. | $3,107,374.87 | GGD CN | B60BNP0 | 2,480,691 | 5.69% |
| First Majestic Silver Corp. | $3,080,823.48 | AG | B01DH95 | 510,916 | 5.64% |
| Endeavour Silver Corp. | $3,000,758.25 | EXK | B018TM7 | 869,785 | 5.49% |
| Vizsla Silver Corp. | $3,000,784.50 | VZLA | BSB7Q07 | 1,382,850 | 5.49% |
| Silvercorp Metals Inc. | $2,753,856.00 | SVM | B01DQT8 | 764,960 | 5.04% |
| AbraSilver Resource Corp. | $1,955,998.48 | ABRA CN | BR4XSQ5 | 947,870 | 3.58% |
| Triple Flag Precious Metals Corp. | $1,229,788.84 | TFPM | BMDVH13 | 56,882 | 2.25% |
| Americas Gold & Silver Corp. | $1,201,703.27 | USAS | BK7CQM2 | 2,081,953 | 2.20% |
| Hecla Mining Co. | $939,606.40 | HL | 2418601 | 196,160 | 1.72% |
| Industrias Penoles SAB de CV | $939,397.39 | PEOLES* | 2448200 | 46,605 | 1.72% |
| Fresnillo PLC | $922,934.58 | FRES LN | B2QPKJ1 | 68,399 | 1.69% |
| New Pacific Metals Corp. | $778,343.50 | NEWP | BMX73Y6 | 707,585 | 1.43% |
| Hercules Metals Corp. | $733,421.32 | BIG CN | BR2NNV7 | 1,660,538 | 1.34% |
| Silver Mines Ltd. | $719,763.02 | SVL AU | B1HMJH5 | 11,352,499 | 1.32% |
| Silver Tiger Metals Inc. | $646,679.64 | SLVR CN | BLFLCL9 | 2,748,090 | 1.18% |
| Andean Precious Metals Corp. | $492,186.16 | APM CN | BNDS6V4 | 348,594 | 0.90% |
| Societe Metallurgique D'imiter | $476,433.89 | SMI MC | 6007759 | 1,872 | 0.87% |
| Aftermath Silver Ltd. | $469,631.11 | AAG CN | BDFS6H8 | 1,457,545 | 0.86% |
| Coeur Mining Inc. | $446,654.75 | CDE | 2208136 | 81,955 | 0.82% |
| Unico Silver Ltd. | $436,707.66 | USL AU | BQXR4J6 | 3,000,104 | 0.80% |
| SSR Mining Inc. | $425,645.20 | SSRM | BF7MQ72 | 40,615 | 0.78% |
| Hochschild Mining PLC | $345,868.48 | HOC LN | B1FW502 | 94,883 | 0.63% |
| Kootenay Silver Inc. | $311,867.41 | KTN CN | BR1YVC8 | 468,174 | 0.57% |
| Silver One Resources Inc. | $289,908.25 | SVE CN | BD9BNP0 | 1,740,836 | 0.53% |
| IMPACT Silver Corp. | $242,761.10 | IPT CN | 2480592 | 1,862,652 | 0.44% |
| Sun Silver Ltd. | $228,831.85 | SS1 AU | BNQQTG1 | 548,384 | 0.42% |
| Outcrop Silver & Gold Corp. | $221,985.37 | OCG CN | BP4X0B0 | 1,613,600 | 0.41% |
| GR Silver Mining Ltd. | $217,515.31 | GRSL CN | BKQPZ70 | 2,503,420 | 0.40% |
| Sotkamo Silver AB | $214,278.07 | SOSI1HIX | B89P443 | 2,154,165 | 0.39% |
| Discovery Silver Corp. | $192,871.67 | DSV CN | BND9899 | 100,141 | 0.35% |
| Investigator Resources Ltd. | $177,980.33 | IVR AU | B1V35Y3 | 11,961,129 | 0.33% |
| Adriatic Metals PLC | $172,743.51 | ADT1 LN | BL0L5G0 | 68,032 | 0.32% |
| Avino Silver & Gold Mines Ltd. | $85,255.20 | ASM | B05P311 | 35,523 | 0.16% |
| Integra Resources Corp. | $54,836.23 | ITR CN | BRK42Y8 | 32,504 | 0.10% |
| Dolly Varden Silver Corp. | $38,404.34 | DV CN | BS6ZTK7 | 14,652 | 0.07% |
| Santacruz Silver Mining Ltd. | $36,690.02 | SCZ CN | B7LK5P7 | 99,358 | 0.07% |
| Andean Silver Ltd. | $24,999.20 | ASL AU | BSFS736 | 41,108 | 0.05% |
| Prime Mining Corp. | $27,509.14 | PRYM CN | BKTTMM3 | 27,333 | 0.05% |
| Blackrock Silver Corp. | $20,108.36 | BRC CN | BNGHFP5 | 88,164 | 0.04% |
| Apollo Silver Corp. | $17,554.24 | APGO CN | BN2D4J4 | 75,763 | 0.03% |
| Guanajuato Silver Co. Ltd. | $18,673.88 | GSVR CN | BMDM727 | 156,306 | 0.03% |
| Hycroft Mining Holding Corp. | $13,809.42 | HYMC | BS70KX1 | 4,302 | 0.03% |
| Eloro Resources Ltd. | $11,992.40 | ELO CN | BRCYY73 | 18,403 | 0.02% |
| Southern Silver Exploration Corp. | $11,304.53 | SSV CN | BQVP7B5 | 80,065 | 0.02% |
| Fuerte Metals Corp. | $5,087.68 | FMT CN | BRQN205 | 11,711 | 0.01% |
| Cash Equivalent | $68,568.10 | $68,568.10 | 0.14% |
49 total, excluding cash and cash equivalents. Subject to change.
Distributions
Ex-Date |
Record Date |
Payable Date |
Short-Term Capital Gains |
Long-Term Capital Gains |
Ordinary Income |
Total Distributions |
- |
- |
- |
- |
- |
- |
- |
Literature
Fact Sheet
Quarterly Investor Presentation
Regulatory Documents
News and Press Release
Commentary
Sprott CIO on Gold/Silver Miner Selection and Silver Outlook
BY MARIA SMIRNOVA · 5/2/2025
James Connor of Bloor Street Capital speaks with Maria Smirnova, Sprott CIO, about the firm’s approach to gold and silver miner selection. Smirnova remains bullish on silver, citing a deep supply deficit and its essential role in electrification, despite prices lagging gold due to weak central bank demand and stagnant supply.
Safe Havens: The Enduring Stability of Precious Metals in Turbulent Times
STEVE SCHOFFSTALL, JOHN KINNANE · 4/28/2025
On the latest Shifting Energy, Sprott's Steve Schoffstall and John Kinnane examine investor strategies for weathering bumpy markets and global trade wars. Learn more about Sprott's perspective on the role of gold and silver as key assets during these uncertain times.
Trump Tariffs: Disruption or Opportunity?
3/12/2025
Are tariffs set to disrupt gold, silver and uranium markets? Find out how potential trade barriers could impact prices and create arbitrage opportunities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews John Ciampaglia, CEO of Sprott Asset Management.
Webcast Replay: A Closer Look at Gold and Silver, Metals and Miners
JOHN HATHAWAY & MARIA SMIRNOVA · 4/01/2025
Gold and silver provide a powerful blend of potential wealth preservation, inflation mitigation and portfolio diversification. This webcast provides insights from John Hathaway and Maria Smirnova on the key technical drivers influencing gold, silver and precious metals mining equities.
Silver's Impressive Strength in 2024
MARIA SMIRNOVA · 1/06/2025
We believe that silver continues to offer a compelling investment opportunity due to its unique market dynamics. For investors, a diversified portfolio that balances physical assets and mining equities may offer exposure to silver's stability as a store of value and its growth potential as a critical industrial metal.
Reasons to Own Silver
EDUCATIONAL BROCHURE
Explore silver's unique investment characteristics and learn why investors should strongly consider the white metal as part of a diversified investment portfolio.
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Contact Us
Investment Adviser
Sprott Asset Management USA, Inc.
320 Post Road, Suite 230
Darien, CT 06820
Telephone: 888.622.1813
Distributor and Sub-Adviser
ALPS
1290 Broadway, Suite 1100
Denver, CO 80203
Client Services
Financial Advisors and Investors
Telephone: 888.622.1813
Email: bullion@sprott.com
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