Sprott’s Silver Miners & Physical Silver ETF Surpasses $1 Billion AUM, Fueling Growth of Physical‑Metal ETF Suite

SII
January 29, 2026

Sprott Inc. reported that its Silver Miners & Physical Silver ETF (SLVR) has crossed the $1 billion mark in assets under management, a milestone reached on January 23, 2026. The fund, which launched on January 14, 2025, grew from a $500 million benchmark set on December 11, 2025 to the current level in just over a year, underscoring the rapid uptake of the product by investors seeking comprehensive silver exposure.

The surge in SLVR’s AUM is driven by a confluence of factors. Silver prices have climbed above $100 per ounce in early 2026, fueled by heightened demand from the solar‑panel industry and a broader monetary‑policy narrative that positions silver as a hedge against inflation. Steve Schoffstall, Managing Partner and Head of ETFs at Sprott, noted that “last year was a transformative year for silver, as its convergence as a monetary asset and strategic metal became apparent, and silver prices set new all‑time highs.” The combination of mining equities and physical silver holdings gives SLVR a unique risk‑return profile that has attracted both retail and institutional capital.

SLVR’s fee structure is 0.65% of assets, translating to roughly $6.5 million in annual management fees at the $1 billion threshold. While other silver‑focused ETFs such as the iShares Silver Trust (SLV) and SPDR Scripps Silver ETF (SIL) offer exposure to the metal, none combine mining equities with a physical‑silver holding, giving SLVR a distinct competitive edge. The fee model aligns with Sprott’s broader strategy of expanding its physical‑metal ETF suite, which has already seen strong inflows across its product line.

Sprott’s overall AUM reached $49.1 billion as of September 30, 2025, a 56% increase from December 31, 2024, reflecting the firm’s success in scaling its Exchange‑Listed Products. The growth in SLVR’s AUM contributes to this momentum, enhancing fee generation and reinforcing the company’s position in the precious‑metals ETF market. The $1 billion milestone also signals that Sprott’s approach to combining physical holdings with mining exposure resonates with investors seeking diversified silver exposure.

The achievement positions Sprott to capture further inflows as silver continues to perform strongly, with year‑to‑date returns for silver ETFs averaging 36.88% in 2026. The firm’s focus on physical‑metal ETFs is expected to drive additional fee income and support its broader growth strategy, while the robust performance of SLVR reinforces investor confidence in Sprott’s product offerings.

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