Sprott Physical Silver Trust Overview
Pro stress-test →Sprott Physical Silver Trust (PSLV) is a closed-end trust that invests in unencumbered and fully-allocated London Good Delivery (LGD) silver bars, providing a secure, convenient and exchange-traded investment alternative for investors who want to hold physical silver. As of June 8, 2026, the Trust holds 218,637,036 ounces of silver.
Strategic Profile
Pro stress-test →PSLV's net asset value surpassed US$10 billion as of October 14, 2025. The Trust only holds fully allocated and unencumbered silver, with metal held in custody by the Royal Canadian Mint, a Federal Crown Corporation of the Government of Canada. Unitholders can redeem their units for physical silver bullion on a monthly basis, subject to certain minimum requirements.
Competitive Landscape
Pro stress-test →PSLV is not the most cost-effective option in 2026, especially compared to silver ETFs, with an expense ratio of 0.51% that is higher than many competing silver ETFs. The trust competes with traditional silver ETFs, direct physical silver ownership, and silver futures contracts in the precious metals investment space.
Industry Context
Sprott Physical Silver Trust operates in Physical precious metals trusts.
Key facts
Founded: 2010 · Headquarters: Toronto, Canada · Employees: N/A · Revenue: N/A · Market cap: $10B+