SLV
iShares Silver Trust · BlackRock
Gold, Silver & Miners
1Y Return
+67.4%
Expense Ratio
0.50%
AUM
$29B
Dividend Yield
0.00%
Avg Annual Growth (10Y)
+25.9%
Issuer
BlackRock

Overview

Physically-backed silver ETF. Each share represents approximately 0.94 oz of silver. Top 2025 performer driven by industrial and investment silver demand surge.

Top Holdings

TickerHoldingWeight
SILVER BULLIONPhysical Silver London100.0%

Fund Details

Backing
Physical Silver
Silver/Share
~0.94 oz
Inception
Apr 2006
Exchange
NYSE Arca
Custodian
JP Morgan London
Distribution
None
Avg Annual Growth (10Y)
+25.9%
Avg Annual Yield (10Y)
0.00%

Investment Thesis

SLV offers a unique dual investment proposition that distinguishes silver from all other precious metals. Silver simultaneously functions as a monetary metal like gold and an industrial metal with rapidly growing demand from solar panel manufacturing, electric vehicle production, and consumer electronics. Each new gigafactory and solar installation requires significant silver content, creating a structural industrial demand driver that gold simply does not have. SLV's physical backing ensures pure silver price exposure without counterparty risk, while BlackRock's custody infrastructure provides institutional-grade security. Silver's smaller market size relative to gold creates more price volatility, offering potentially higher returns alongside higher risk during precious metals bull markets.

Who It's For

SLV suits investors seeking silver price exposure for inflation hedging, portfolio diversification from traditional financial assets, or a speculative position on the long-term growth of industrial silver demand from clean energy technologies. Conservative investors should size silver as a 2-5% satellite position rather than a large core allocation. The ETF is appropriate for both taxable and tax-advantaged accounts where physical silver storage is impractical. Investors who want to participate in the silver bull market without owning futures or storing physical metal will find SLV the most accessible and liquid silver investment vehicle available.

10-Year History

Annual Closing Price
YearClose% Chg
2016$13.82--
2017$15.18+9.8%
2018$14.42-5.0%
2019$17.18+19.1%
2020$25.82+50.3%
2021$22.18-14.1%
2022$20.42-7.9%
2023$22.18+8.6%
2024$27.42+23.6%
2025$68.08+148.3%
Annual Dividend Yield
YearYield
20160.00%
20170.00%
20180.00%
20190.00%
20200.00%
20210.00%
20220.00%
20230.00%
20240.00%
20250.00%
Annual AUM
YearAUM% Chg
2016$4B--
2017$5B+25.0%
2018$5B0.0%
2019$5B0.0%
2020$9B+80.0%
2021$8B-11.1%
2022$7B-12.5%
2023$8B+14.3%
2024$10B+25.0%
2025$25B+150.0%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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