Overview
#2 best-performing ETF of 2025. Junior silver mining companies with significant exploration upside. Extremely leveraged to silver prices.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| FR | First Majestic Silver | 12.4% |
| MAG | MAG Silver Corp. | 10.8% |
| HL | Hecla Mining | 9.8% |
| CDE | Coeur Mining | 8.4% |
| PAAS | Pan American Silver | 7.8% |
| SILV | SilverCrest Metals | 6.8% |
| FVI | Fortuna Silver | 5.8% |
| EDR | Endeavour Silver | 5.4% |
| IPT | Impact Silver | 4.8% |
| SVM | Silvercorp Metals | 4.4% |
Fund Details
Investment Thesis
Junior silver miners provide 3-5x operational leverage to silver prices through their cost structures. When silver prices rise above all-in sustaining costs, profit margins expand dramatically. SILJ's portfolio of smaller focused silver miners offers higher leverage than diversified precious metals funds. Silver's dual role as both an industrial metal and monetary asset creates multiple potential demand catalysts.
Who It's For
Aggressive investors with a strong conviction on silver price appreciation over a 1-3 year period who want maximum leverage through junior silver mining equities. SILJ regularly moves 3-5x the percentage change of silver spot prices in both directions, making it highly volatile but potentially very rewarding in sustained silver bull markets. Suitable only as a tactical satellite position.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $11.82 | -- |
| 2017 | $12.42 | +5.1% |
| 2018 | $9.82 | -20.9% |
| 2019 | $12.18 | +24.0% |
| 2020 | $16.42 | +34.8% |
| 2021 | $15.82 | -3.7% |
| 2022 | $9.82 | -37.9% |
| 2023 | $11.42 | +16.3% |
| 2024 | $11.82 | +3.5% |
| 2025 | $34.82 | +194.6% |
| Year | Yield |
|---|---|
| 2016 | 0.42% |
| 2017 | 0.38% |
| 2018 | 0.44% |
| 2019 | 0.40% |
| 2020 | 0.34% |
| 2021 | 0.30% |
| 2022 | 0.38% |
| 2023 | 0.34% |
| 2024 | 0.44% |
| 2025 | 0.62% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.5B | -- |
| 2017 | $0.7B | +40.0% |
| 2018 | $0.6B | -14.3% |
| 2019 | $0.8B | +33.3% |
| 2020 | $1.8B | +125.0% |
| 2021 | $1.8B | +0.0% |
| 2022 | $1.4B | -22.2% |
| 2023 | $1.8B | +28.6% |
| 2024 | $2.2B | +22.2% |
| 2025 | $6.5B | +195.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Gold, Silver & Miners ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →