The abrdn Physical Silver Shares ETF (SIVR) is an exchange-traded fund designed to reflect the performance of physical silver prices in the global market. The ETF is managed by abrdn and trades under the ticker SIVR on the NYSE Arca.

Classified as a physically backed commodity ETF, the fund seeks to track the spot-market price behavior of silver through direct holdings of physical silver bullion stored in custody.

The ETF follows a passive structure based on physical commodity exposure and does not primarily rely on futures contracts for replication. Fund shares represent indirect ownership interests in physical silver reserves held in secured vaults for the trust.

The fund may also reflect changes in inflation expectations, real interest rates, Federal Reserve monetary policy, industrial demand for silver, and defensive market positioning during periods of economic uncertainty.

Composition / Exposure profile

SIVR provides exposure primarily associated with:

• Physical silver.
• Metal commodities.
• Precious metals.
• Global silver markets.
• Industrial metals demand.
• Inflation protection.
• U.S. monetary policy.
• Real assets.

The ETF’s performance is particularly sensitive to international silver-price fluctuations, inflation expectations, and movements in U.S. real interest rates.

Changes in Federal Reserve monetary policy, fluctuations in the U.S. dollar, and shifts in industrial silver demand may directly affect the fund’s behavior. The ETF may also reflect developments associated with renewable energy, electronics, and technology industries that use silver in industrial applications.

Structure and costs

SIVR shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Because the ETF maintains physical silver in custody, its structure depends on specialized precious-metals storage and security services.

SIVR does not seek recurring dividend or interest distributions, since physical silver does not generate operational cash flow.

History and evolution of the ETF

The abrdn Physical Silver Shares ETF was launched in 2009 during a period marked by the expansion of precious-metals ETFs and growing global demand for physically backed commodity instruments.

Since inception, the fund has reflected movements associated with the international silver market, including fluctuations in metal commodities, changes in global monetary policy, and shifts in inflation expectations.

In recent years, SIVR has reflected periods of volatility within precious-metals markets, changes in real interest rates, expansion of industrial silver demand, and developments associated with the energy transition and technology sectors.

Additional Information

abrdn Physical Silver Shares ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $3.94 billion.

Over the past 12 months, abrdn Physical Silver Shares ETF recorded a return of 49.12%, with its price trading between $34.96 and $110.87 during the same period.

The ETF is traded under the ticker SIVR.