It tracks the Nasdaq Sprott Silver Miners index and builds its portfolio by selecting pure-play silver mining companies whose revenue or assets are largely tied directly to silver.

It suits investors who want higher returns than simple physical investment, while using physical assets to offset the volatility of mining stocks.

Sprott launched this passive (index-tracking) ETF in 2025.

Most of the fund's assets are invested in silver mining companies, while a set portion is allocated to physical assets such as the Sprott Physical Silver Trust (PSLV). To increase pure exposure to the silver industry, the fund applies a "Silver Intensity Score" when selecting holdings.

• Hybrid structure combining stocks and physical assets
• Concentrated investment in pure-play mining companies with a high share of silver-related revenue

Assets under management (AUM) stand at $631.8M, and the expense ratio is 0.65% per year.

Unlike SLV, which invests only in physical silver, or SIL, which invests only in stocks, this fund blends the two asset classes. The physical asset allocation acts as a buffer, somewhat easing the high volatility typical of mining stocks.

When silver prices rise, the operating leverage of mining companies kicks in and delivers strong performance. When prices fall, the physical asset allocation tends to cushion the decline.

Interest in the broader silver market is growing, driven by its role as an inflation hedge and rising industrial demand. As a result, the fund has attracted substantial inflows since its early days and has secured stable liquidity.

The fund allows multidimensional investment in the silver industry, but it is exposed at the same time to commodity price risk and risks specific to mining companies.

SIL, shown in the table, is a leading silver miners ETF, while GDX and GDXJ focus on gold mining stocks. If you want more concentrated silver exposure, you could consider SIL or SILJ, which invest only in stocks. If you want to track only the silver price without equity risk, the physical ETFs SLV or SIVR can be alternatives.

These are the key factors to check before investing in SLVR. Beyond simply following commodity price trends, investors need an in-depth understanding of mining industry conditions and individual company risks, along with continuous monitoring.

When interest rates rise, opportunity costs can put pressure on silver prices. Investors should also consider the risk that rising production costs at mining companies could erode profitability.

This is a smart investment vehicle for capturing the growth of the silver market through both stocks and physical assets. It suits investors who can tolerate the volatility of commodity investing and want to bet on the silver industry as a whole.