Sprott Silver Miners & Physical Silver ETF
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As of March 31, 2026
NAV
$58.95
NAV Daily Change
+$4.65
+8.56%
NAV Since Inception Cumulative Change1
193.94%
Ticker
SLVR
Market Price2
$59.04
Premium/Discount3
0.15%
Total Net Asset Value
$803.54 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 six years.††††
- 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 electrical 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 12/31/2025.
†††Source: The Relevance of Silver in a Global Multi-Asset Portfolio, The Silver Institute, September 2022.
††††Source: Metals Focus: World Silver Survey 2025, The Silver Institute. Data as of 12/31/2024.
Key Facts
Ticker
SLVR
Listing Exchange
Nasdaq
Benchmark Index
NSLVR
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P8730
Copyright 2026, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85208P873
Copyright 2026, 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
March 31, 2026
Total Net Assets
$803,541,207.47
Shares Outstanding
13,630,000
Number of Holdings
66
Median 30 Day Bid Ask Spread
(As of 3/9/2026)
0.36%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 2/28/2026
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.1 |
| Sprott Silver Miners & Physical Silver ETF (Net Asset Value) |
28.97 | 68.62 | 49.36 | 299.49 | 255.03 |
| Sprott Silver Miners & Physical Silver ETF (Market Price)2 |
30.47 | 68.09 | 49.02 | 298.56 | 255.03 |
| Nasdaq Sprott Silver Miners™ Index (Benchmark)5 |
28.78 | 70.11 | 49.34 | 304.76 | 259.74 |
Quarter-End Performance
Average Annual Total Returns (%) As of 12/31/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.1 |
| Sprott Silver Miners & Physical Silver ETF (Net Asset Value) |
12.89 | 30.64 | 177.89 | -- | 177.89 |
| Sprott Silver Miners & Physical Silver ETF (Market Price)2 |
12.80 | 30.48 | 178.53 | -- | 178.53 |
| Nasdaq Sprott Silver Miners™ Index (Benchmark)5 |
13.91 | 31.99 | 182.07 | -- | 182.07 |
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 April 1, 2026
| CY 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
| Days Traded at Premium | 208 | 32 | -- | -- | -- |
| Days Traded at Discount | 27 | 25 | -- | -- | -- |
Portfolio Characteristics
As of 2/28/2026
| Number of issuers | 66 |
| Market Cap (millions) | $304,885.27 |
| Largest Market Cap (millions) | $74,303.07 |
| Smallest Market Cap (millions) | $43.19 |
| Weighted Avg. Company Market Cap (millions)† | $10,288.43 |
| Market Cap Breakdown | |
| Large (>$10B) | 39.97% |
| Medium ($2 -$10B) | 26.34% |
| Small (<$2B) | 16.93% |
| Non-Classified | 16.76% |
| Material Weightings†† | |
| Silver Equities | 70.03% |
| Physical Silver††† | 16.76% |
| Other Equities | 13.21% |
†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 2/28/2026
Holdings
As of 3/31/2026
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| First Majestic Silver Corp. | $200,408,228.16 | AG | B01DH95 | 9,329,992.00 | 24.94% |
| Sprott Physical Silver Trust | $150,065,792.01 | PSLV | B5SW4F5 | 6,152,759.00 | 18.68% |
| Silvercorp Metals Inc. | $42,595,720.68 | SVM | B01DQT8 | 3,966,082.00 | 5.30% |
| Endeavour Silver Corp. | $38,622,367.42 | EXK | B018TM7 | 4,148,482.00 | 4.81% |
| AbraSilver Resource Corp. | $38,034,036.13 | ABRA CN | BR4XSQ5 | 4,202,474.00 | 4.73% |
| Wheaton Precious Metals Corp. | $36,896,346.30 | WPM | BDG1S92 | 281,630.00 | 4.59% |
| Aya Gold & Silver Inc. | $34,821,743.90 | AYA CN | BK94091 | 2,282,777.00 | 4.33% |
| Americas Gold & Silver Corp. | $33,256,348.56 | USAS | BVMDRM4 | 6,370,948.00 | 4.14% |
| Vizsla Silver Corp. | $20,198,187.90 | VZLA | BSB7Q07 | 6,120,663.00 | 2.51% |
| Pan American Silver Corp. | $16,574,031.81 | PAAS | 2703396 | 303,387.00 | 2.06% |
| New Pacific Metals Corp. | $13,256,532.54 | NEWP | BMX73Y6 | 3,202,061.00 | 1.65% |
| Hecla Mining Co. | $10,457,987.76 | HL | 2418601 | 561,352.00 | 1.30% |
| Fresnillo PLC | $8,848,232.00 | FRES LN | B2QPKJ1 | 202,331.00 | 1.10% |
| Coeur Mining Inc. | $8,514,053.23 | CDE | 2208136 | 453,599.00 | 1.06% |
| Guanajuato Silver Co. Ltd. | $7,630,524.25 | GSVR CN | BMDM727 | 17,401,348.00 | 0.95% |
| Blackrock Silver Corp. | $7,452,571.20 | BRC CN | BNGHFP5 | 7,736,770.00 | 0.93% |
| Silver Mines Ltd. | $7,390,501.10 | SVL AU | B1HMJH5 | 61,209,397.00 | 0.92% |
| Industrias Penoles SAB de CV | $7,172,453.05 | PEOLES* | 2448200 | 160,897.00 | 0.89% |
| Andean Precious Metals Corp. | $6,608,020.63 | APM CN | BNDS6V4 | 1,322,650.00 | 0.82% |
| Unico Silver Ltd. | $6,511,576.20 | USL AU | BQXR4J6 | 15,599,584.00 | 0.81% |
| Cia de Minas Buenaventura SAA | $6,475,523.04 | BVN | 2210476 | 179,676.00 | 0.81% |
| Silverco Mining Ltd. | $5,703,178.72 | SICO CN | BTJXR56 | 735,964.00 | 0.71% |
| Triple Flag Precious Metals Corp. | $5,313,615.06 | TFPM | BMDVH13 | 153,086.00 | 0.66% |
| Silver Storm Mining Ltd. | $4,761,801.88 | SVRS CN | BSBJWM7 | 14,400,310.00 | 0.59% |
| Aftermath Silver Ltd. | $4,184,982.53 | AAG CN | BDFS6H8 | 6,930,630.00 | 0.52% |
| Societe Metallurgique D'imiter | $4,174,485.91 | SMI MC | 6007759 | 6,365.00 | 0.52% |
| OR Royalties Inc. | $3,995,103.58 | OR | BPJJWN9 | 105,079.00 | 0.50% |
| Silver X Mining Corp. | $3,827,178.82 | AGX CN | BMBYK71 | 7,194,579.00 | 0.48% |
| Sotkamo Silver AB | $3,818,711.46 | SOSI1 FH | B89P443 | 9,280,327.00 | 0.48% |
| Southern Silver Exploration Corp. | $3,747,191.72 | SSV CN | BQVP7B5 | 8,545,440.00 | 0.47% |
| GR Silver Mining Ltd. | $3,095,516.04 | GRSL CN | BKQPZ70 | 12,481,659.00 | 0.39% |
| Silver Mountain Resources Inc. | $2,906,613.00 | AGMR CN | BM9YFC3 | 1,050,231.00 | 0.36% |
| Sun Silver Ltd. | $2,806,178.32 | SS1 AU | BNQQTG1 | 3,092,942.00 | 0.35% |
| Outcrop Silver & Gold Corp. | $2,687,951.19 | OCG CN | BP4X0B0 | 10,683,454.00 | 0.33% |
| Kootenay Silver Inc. | $2,657,659.12 | KTN CN | BR1YVC8 | 2,498,020.00 | 0.33% |
| Silver One Resources Inc. | $2,614,712.23 | SVE CN | BD9BNP0 | 6,381,274.00 | 0.33% |
| Discovery Silver Corp. | $2,490,102.65 | DSV CN | BND9899 | 387,470.00 | 0.31% |
| Hochschild Mining PLC | $2,229,583.86 | HOC LN | B1FW502 | 282,160.00 | 0.28% |
| Kuya Silver Corp. | $2,207,068.51 | KUYA CN | BMHCWG2 | 3,699,100.00 | 0.27% |
| Investigator Silver Ltd. | $2,173,829.61 | IVR AU | B1V35Y3 | 47,737,957.00 | 0.27% |
| Silver47 Exploration Corp. | $2,056,095.63 | AGA CN | BT6MDS1 | 4,175,525.00 | 0.26% |
| Argenta Silver Corp. | $1,813,260.73 | AGAG CN | BT9NBY3 | 4,204,045.00 | 0.23% |
| IMPACT Silver Corp. | $1,743,487.93 | IPT CN | 2480592 | 9,328,331.00 | 0.22% |
| Viscount Mining Corp. | $1,452,303.95 | VML CN | BCJDWK7 | 3,544,386.00 | 0.18% |
| Hycroft Mining Holding Corp. | $1,344,147.20 | HYMC | BS70KX1 | 38,186.00 | 0.17% |
| Avino Silver & Gold Mines Ltd. | $1,063,889.84 | ASM | B05P311 | 168,337.00 | 0.13% |
| GoGold Resources Inc. | $914,027.70 | GGD CN | B60BNP0 | 478,009.00 | 0.11% |
| Santacruz Silver Mining Ltd. | $907,849.41 | SCZ CN | BVV5T70 | 104,459.00 | 0.11% |
| West Coast Silver Ltd. | $633,296.67 | WCE AU | BVJ4KP4 | 5,921,855.00 | 0.08% |
| Kingsmen Resources Ltd. | $379,762.78 | KNG CN | BMW5J87 | 412,725.00 | 0.05% |
| Silver Tiger Metals Inc. | $360,024.93 | SLVR CN | BLFLCL9 | 596,227.00 | 0.04% |
| Cerro de Pasco Resources Inc. | $258,690.42 | CDPR CN | BDFVTN4 | 479,819.00 | 0.03% |
| Andean Silver Ltd. | $245,220.31 | ASL AU | BSFS736 | 180,874.00 | 0.03% |
| Contango ORE Inc. | $239,864.21 | CTGO | B3ZY290 | 12,792.76 | 0.03% |
| Sierra Madre Gold And Silver Ltd. | $191,473.26 | SM CN | BP2F728 | 150,485.00 | 0.02% |
| Gold Resource Corp. | $175,872.00 | GORO | B1DZ912 | 146,560.00 | 0.02% |
| Apollo Silver Corp. | $168,682.54 | APGO CN | BPCR7L3 | 70,679.00 | 0.02% |
| Eloro Resources Ltd. | $159,204.49 | ELO CN | BRCYY73 | 112,421.00 | 0.02% |
| Capitan Silver Corp. | $149,399.24 | CAPT CN | BMDB9P1 | 100,888.00 | 0.02% |
| Chesapeake Gold Corp. | $80,777.11 | CKG CN | 2969886 | 31,388.00 | 0.01% |
| Boab Metals Ltd. | $78,971.62 | BML AU | BLR9N63 | 282,617.00 | 0.01% |
| Minera Frisco SAB de CV | $67,950.31 | MFRISCOA | B3QHKH2 | 129,561.00 | 0.01% |
| Black Bear Minerals Ltd. | $55,963.79 | BKB AU | BV4G798 | 135,188.00 | 0.01% |
| Silver Viper Minerals Corp. | $48,975.54 | VIPR CN | BSZBF31 | 57,252.00 | 0.01% |
| Astra Exploration Inc. | $42,886.35 | ASTR CN | BP4ZVR9 | 82,860.00 | 0.01% |
| Alaska Silver Corp. | $36,081.12 | WAM CN | BVDGYP4 | 56,396.00 | 0.00% |
| Cash Equivalent | $21,686,806.31 | $21,686,806.31 | 2.69% |
66 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 |
12/18/2025 |
12/18/2025 |
12/22/2025 |
- |
- |
$2.05 |
$2.05 |
Literature
Fact Sheet
Quarterly Investor Presentation
Index Rebalance
Year-End Distributions
Regulatory Documents
- Annual Reports Financial Statements and Other Important Information, December 31, 2025
- Tailored Shareholder Report, December 31, 2025
- Semi-Annual Financial Statements and Other Important Information, June 30, 2025
- Tailored Shareholder Report, June 30, 2025
- Summary Prospectus
- Statutory Prospectus
- Statement of Additional Information
News and Press Release
Commentary
Why Gold Has Fallen: A Liquidity Story, Not a Broken Thesis
BY PAUL WONG · 3/25/2025
Gold’s sharp March sell-off isn’t a failure of its safe-haven role. It’s the result of a global liquidity crunch that forced investors to sell what they could, not what they believed in. As reserve flows stall and deleveraging runs its course, the same pressures dragging gold down today may be quietly setting the stage for its next rally.
Gold Rises Above $5,000 in an Evolving Monetary Regime
BY PAUL WONG · 3/10/2026
Gold and silver reached record highs in February amid volatility as markets adjust to a new monetary regime defined by persistent central bank liquidity and rising geopolitical fragmentation. Structural constraints on the Federal Reserve, growing sovereign debt and continued central bank buying—particularly from China—reinforce gold’s role as a strategic store of value.
Silver Conference Featuring Maria Smirnova, Sprott CIO
VIDEO · 2/24/2026
Maria Smirnova, Sprott Chief Investment Officer, joins James Connor of Bloor Street Capital to discuss Sprott's outlook on silver. Smirnova views recent gold and silver volatility as a healthy correction in a bull market, driven by strong fundamentals like supply deficits and rising global demand rather than speculative excess. Smirnova outlines Sprott’s long-term, disciplined approach and stresses patience and conviction.
Nasdaq Just for Funds: Sprott’s Steve Schoffstall on SLVR
VIDEO · 2/12/2026
Steve Schoffstall joins Nasdaq’s Just for Funds to discuss silver in 2026 after its record-setting rise in 2025. The conversation highlights why investors are gravitating to Sprott Silver Miners and Physical Silver ETF (SLVR), which offers a pure-play silver mining strategy combined with physical silver exposure, positioning it as both a diversification tool and a growth-oriented allocation.
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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
Standard Mail
Sprott ETFs
P.O. Box 1107
Denver, CO 80201
Overnight Mail
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Suite 1100
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