SLV — iShares Silver Trust

SLV Price Performance — Growth of $10,000

Value of a $10,000 investment in SLV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SLV Drawdown

The "underwater" chart: SLV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Silver Trust (SLV) is a commodity-focused fund issued by iShares, managing $30.0 billion in assets. It holds a C grade with a score of 60.5 out of 100, ranking 9th out of 22 peers in the Commodities category and 225th of 458 tracked ETFs overall. The fund’s 0.5% expense ratio sits slightly below the category median of 0.595%, though it offers no dividend yield compared to the median 2.91%. Holdings breakdown data is not available for this trust.

Price action shows the fund trading at $53.82, which is 17.8% of its 52-week range between $41.70 and $109.83. Short-term returns are negative, with declines of 2.94% over one day and 9.35% over one month, while the three-month return is nearly flat at -0.59%. In contrast, longer-term performance is positive, with a one-year return of +22.15% and a three-year return of +169.64%, outpacing the category median one-year return of +15.34%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

SLV exhibits Very High volatility at 62.87% annualized, accompanied by a beta of 1.22, indicating greater sensitivity to market movements than the broader index. The Sharpe ratio of 0.27 suggests modest risk-adjusted returns relative to the significant price swings. Maximum drawdown has reached -52.28%, highlighting substantial historical downside risk. Liquidity remains robust with an average daily volume of 15,660,542 shares.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SLV Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 15.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $30.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SLV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SLV Performance History

How SLV Compares to Other Commodities ETFs