PSLV vs SIVR
Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.
PSLV, the Sprott Physical Silver Trust, holds silver bullion and charges 0.52% a year with $13.7 billion in assets. SIVR, the abrdn Physical Silver Shares ETF, tracks the LBMA Silver Price for 0.30% with $4.7 billion. Neither pays a dividend. PSLV suits investors who prefer a closed-end trust; SIVR suits those who want the lower annual cost in an open-ended ETF. Educational content, not financial advice.
PSLV, the Sprott Physical Silver Trust, holds silver bullion and charges 0.52% a year with $13.7 billion in assets. SIVR, the abrdn Physical Silver Shares ETF, tracks the LBMA Silver Price for 0.30% w...
Investment Analysis
PSLV
PSLV
Pros
- Holds physical silver bullion in a closed-end trust managed by Sprott since 2010
- Larger of the pair at $13.7 billion in net assets, so it trades actively
- Closed-end structure means shares are not created or redeemed daily
Considerations
- Expense ratio of 0.52% is well above SIVR's 0.30%
- Market price can trade above or below the value of the silver it holds
- Pays no dividend, so the only return comes from movement in the silver price
SIVR
SIVR
Pros
- Expense ratio of 0.30% is the lowest of the pair, about $30 a year per $10,000
- Tracks the LBMA Silver Price with physical silver held in vaults since 2009
- Open-ended ETF structure keeps the share price close to the value of its silver
Considerations
- Smaller fund at $4.7 billion compared with $13.7 billion for PSLV
- Pays no dividend, like every physical silver product
- Exposure is to one metal only, with no diversification inside the fund
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