Nearly 109%. That's how much spot silver has increased this year, outpacing gold, which has surged 60% while setting several milestones.
Silver prices surged to a record $60 per ounce on Tuesday, propelled by expectations of US interest rate cuts, a weaker dollar, and persistent supply constraints, marking a dramatic rally in the metals market. Silver futures rose above $60.50, extending their year-to-date gain to 107%, while gold has climbed more than 60% this year, trading just over $100 below its October all-time high.
Sprott Silver Miners & Physical Silver ETF offers diversified exposure to both physical silver and silver mining equities. SLVR has outperformed silver futures in 2025, rising 149.7% since inception, benefiting from miners' leveraged upside. Silver's bull market is fueled by a structural supply deficit and robust industrial demand, with prices reaching uncharted territory near $60/oz.
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The fund is a specialized investment vehicle that allocates a significant portion of its assets towards companies engaged in the silver mining industry. By adhering to a strategy that involves investing at least 80% of its total assets in securities that form part of its underlying index, alongside American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) derived from these securities, the fund aims to parallel the performance of the global silver mining market. Its investment focus is distinct in its specificity to the silver mining sector, aiming to offer investors exposure to the equity performance of this industry on a worldwide scale. The non-diversified nature of the fund indicates a targeted investment approach, potentially enabling greater returns while also bearing higher risk due to the concentration of assets.
The core product of the fund involves investment in securities that are part of the underlying index. This index is carefully designed to encompass a broad spectrum of companies that are active within the global silver mining industry. Through this targeted investment, the fund seeks to mirror the broad-based equity market performance of these companies, thus providing investors with a specific focus on the silver mining sector.
In addition to direct securities, the fund also invests in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). These instruments allow the fund to hold shares in foreign companies involved in the silver mining industry, thereby facilitating a more global approach to its investment strategy. The inclusion of ADRs and GDRs widens the fund's exposure to the silver mining industry across different countries and regions, offering a diversified international perspective within its specialized sector focus.