The global silver market was estimated to be $7B in 2023, with forecasts suggesting it could grow to over $11B by 2028, thanks in part to growing demand from increased industrial applications.1
Historically, investors have turned to silver as a potential store of value. However, it also has a broad range of industrial applications, including solar panels, LED lighting, electronic devices, and more.
In a single trade, SIL delivers efficient access to a basket of companies involved in the mining of silver.
1The Business Research Company, Oct 2024
| Key Information |
| Trading Details |
| Distributions |
| Taxes |
| NAV | $96.93 | Daily Change | $2.33 | 2.46% |
| Market Price | $97.24 | Daily Change | $2.99 | 3.17% |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
|---|---|---|---|---|---|
| Exposure |
| ETF Characteristics |
| ETF Risk Stats |
| Return on Equity | 17.20% | |
| Weighted Avg. Market Cap | 20,752 M | |
| 2025 | 2026 | |
| Price-to-earnings | 41.56 | 26.00 |
| Price-to-book value | 4.91 | 4.10 |
| VERSUS | BETA |
|---|---|
| S&P 500 | 1.07 |
| NASDAQ-100 | 0.85 |
| MSCI EAFE | 1.57 |
| MSCI Emg. Mkts | 1.25 |
| Standard Deviation | 36.00% |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| 1 Year | 129.76% | 131.16% | 131.63% |
| 3 Years | 44.71% | 45.16% | 45.77% |
| 5 Years | 18.97% | 19.16% | 19.18% |
| 10 Years | 14.56% | 14.66% | 15.02% |
| Since Inception | 5.76% | 5.82% | 6.25% |
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 21.66 | WPM | WHEATON PRECIOUS METALS CORP | BDG1S92 | 138.85 | 8,543,355 | 1,186,244,841.75 |
| 13.08 | PAAS | PAN AMERICAN SILVER CORP | 2703396 | 59.14 | 12,111,799 | 716,291,792.86 |
| 10.02 | CDE | COEUR MINING INC | 2208136 | 18.56 | 29,561,269 | 548,657,152.64 |
| 5.10 | PE&OLES* MM | INDUSTRIAS PENOLES SAB DE CV | 2448200 | 59.05 | 4,728,739 | 279,222,872.87 |
| 4.95 | AG CN | FIRST MAJESTIC SILVER CORP | 2833583 | 21.84 | 12,403,717 | 270,886,814.91 |
| 4.79 | FRES LN | FRESNILLO PLC | B2QPKJ1 | 48.67 | 5,386,189 | 262,146,652.33 |
| 4.64 | HL | HECLA MINING CO | 2418601 | 18.61 | 13,658,643 | 254,187,346.23 |
| 4.08 | OR CN | OR ROYALTIES INC | BPJJWP1 | 38.40 | 5,824,355 | 223,640,597.73 |
| 3.91 | SSRM | SSR MINING INC | BF7MQ72 | 34.20 | 6,258,471 | 214,039,708.20 |
| 3.71 | BVN | CIA DE MINAS BUENAVENTUR-ADR | 2210476 | 35.36 | 5,746,552 | 203,198,078.72 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
| Sector | Weight (%) | |
|---|---|---|
| Materials | 98.9 | |
| Energy | 1.1 |
Source: AltaVista Research, LLC
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.