Key Highlights

  • iShares Silver Trust (NYSEARCA:SLV) had net assets of about $26.92 billion and a NAV of $48.79 as of Oct 26, 2026.
  • The trust references the LBMA Silver Price and charges a 0.50% sponsor fee.
  • It held about 498.3 million ounces of silver in trust as of Oct 26, 2026.

The iShares Silver Trust (NYSEARCA:SLV) seeks to reflect the price of silver bullion, without investors holding physical silver directly. As of Oct 26, 2026, net assets were about $26.92 billion and NAV was $48.79 per share.

Index and Investment Approach

The trust references the LBMA Silver Price and began trading on Apr 21, 2006. It charges a 0.50% sponsor fee, and iShares states that it is not an investment company registered under the Investment Company Act of 1940 and is not a commodity pool for purposes of the Commodity Exchange Act.

Portfolio Composition

The trust held 15,499.73 tonnes of silver, equal to 498,327,884.10 ounces, as of Oct 26, 2026, with 551.8 million shares outstanding. The mid-point price was $48.66, a premium/discount of -0.27%. iShares lists several factors that could affect the price of silver and therefore the shares: a change in economic conditions such as a recession, which can reduce industrial demand for silver; a significant change in the attitude of speculators and investors toward silver; and an increase in hedging activity by silver producers. It also notes that liquidation of the trust could occur at a time when the sale of its silver results in losses to investors, and that shares are bought and sold at market price rather than NAV.

Baskets and Silver Content

Shares are not redeemable individually; only authorized participants can create or redeem Baskets. The indicative Basket amount was 45,136.80 and the Basket amount 45,137.40. The silver backing each share decreases over time because silver is sold to pay the sponsor fee and trust expenses.

Fund Details at a Glance

The iShares Silver Trust (NYSEARCA:SLV) is a physically backed commodity trust that began trading on Apr 21, 2006. It references the LBMA Silver Price and does not pay distributions. As of Oct 26, 2026 it had 551.8 million shares outstanding and net assets of $26,924,269,077. An annual fee of 0.50% works out to $50 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

Because shares of the trust are intended to reflect the price of silver held by the trust, their market price is subject to fluctuations similar to those affecting silver prices, and the amount of silver represented by each share decreases over time as silver is sold to pay expenses. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The trust charges a sponsor fee of 0.50%. It trades on NYSE Arca with 551.8 million shares outstanding and net assets of $26,924,269,077 as of Oct 26, 2026. The closing price was $48.66 as of Oct 26, 2026, against a NAV of $48.79, and the 30-day median bid/ask spread was 0.02%. Average daily volume over 30 days was 16,467,060 shares.

Wrapping Up

The iShares Silver Trust (NYSEARCA:SLV) is a physically backed trust rather than a registered fund, with silver holdings and Basket mechanics set out in its prospectus. Investors can compare its sponsor fee, ounces in trust and premium or discount against the figures above.