In this article, we discuss the 5 best silver ETFs. If you want to read our discussion on the silver industry, you can go directly to the 10 Best Silver ETFs.
5. Sprott Physical Silver Trust (NYSE:PSLV)
5-Year Performance as of September 12, 2023: 53.0%
Market Capitalization as of September 12, 2023: $3.78 billion
Expense Ratio: 0.58%
Sprott Physical Silver Trust (NYSE:PSLV) is a closed-end trust that holds physical silver bullion stored securely in vaults in Canada and London. The objective of the trust is to provide a secure and convenient way to invest in unencumbered silver bullion. The trust holds 174.2 million ounces of silver as of September 12.
4. Sprott Physical Gold and Silver Trust (NYSE:CEF)
5-Year Performance as of September 12, 2023: 54.4%
Market Capitalization as of September 12, 2023: $3.85 billion
Expense Ratio: 0.50%
Sprott Physical Gold and Silver Trust (NYSE:CEF) is the second of the three closed-end trusts on our list of the best silver ETFs. The trust was created in January 2018. The trust provides roughly two-thirds exposure to gold and around one-third exposure to silver. Sprott Physical Gold and Silver Trust (NYSE:CEF) holds 58.2 million ounces of silver as of September 12.
3. iShares Silver Trust (NYSEARCA:SLV)
5-Year Performance as of September 12, 2023: 58.8%
Total Net Assets as of September 12, 2023: $10.76 billion
Expense Ratio: 0.50%
iShares Silver Trust (NYSEARCA:SLV) provides a convenient way to get exposure to the changes in the price of silver through allocated bullion held in vaults around the world. The ETF was created in April 2006 and holds 439.7 million ounces of silver. The ETF has an average daily trading volume of 14.02 million shares. iShares Silver Trust (NYSEARCA:SLV) charges a sponsor fee of 0.50%.
2. abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)
5-Year Performance as of September 12, 2023: 60.4%
Total Net Assets as of September 12, 2023: $1.12 billion
Expense Ratio: 0.30%
abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) holds physical silver bullion bars stored in vaults located in the UK, in London Good Delivery bar form, with each bar fully allocated and identified as the property of the ETF. The ETF was formed in July 2009 and presently holds 47.4 million ounces of silver through 48,624 bars. The ETF has the lowest expense ratio amongst all the ETFs on our list. The vault is inspected twice annually and has JPMorgan Chase as the custodian and the Bank of New York Mellon as the trustee.
1. ASA Gold and Precious Metals Limited (NYSE:ASA)
5-Year Performance as of September 12, 2023: 68.5%
Market Capitalization as of September 12, 2023: $276.6 million
Expense Ratio: 1.02%
ASA Gold and Precious Metals Limited (NYSE:ASA) is a closed-end fund that was established in 1958. It focuses its investments on companies involved in activities such as the exploration, mining, and processing of valuable resources like gold, platinum, silver, and other precious minerals. The fund primarily invests in common stocks and securities convertible into common stocks. Orla Mining Ltd. (OLA.TO), Emerald Resources NL (EMR.AX), and G Mining Ventures Corp. (GMIN.V) are the three biggest holdings of the trust, with a combined weight of 21.8% as of July 31. The trust has 3.1% of its NAV invested in companies indulging solely in the exploration and production of silver.
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