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Compare/Updated Oct 26, 2026, refreshed every trading day

PSLV vs SLV

Sprott Physical Silver Trust against iShares Silver Trust: 4 years of returns, risk and today’s technical read, from Kavout’s own data.

PSLVSprott Physical Silver Trust
$2,581
+158.1% since Oct 28, 2022
$17.37 today-1.5%
SLViShares Silver Trust
$2,746
+174.6% since Oct 28, 2022
$48.72 today-1.3%
Growth of $1,000adjusted closes, dividends included
$963$2,255$3,546$4,838$6,1292023202420252026PSLV $2,581SLV $2,746
PSLVSLV1000 trading days, Kavout market data
The short answer

SLV did better over the 1,000-trading-day period: $1,000 invested on Oct 28, 2022 grew to $2,746, versus $2,581 for PSLV, a difference of $165. SLV also led over three years (+132.6% versus +124.1%), one year (+11.0% versus +8.4%), and YTD (-24.4% versus -26.6%, a smaller loss). The funds were nearly identical over three and six months, while SLV’s typical monthly advantage was 0.80 points and it outperformed in 27 of the last 48 months. Risk was essentially comparable: 12-month volatility was 62.6% for SLV and 62.7% for PSLV. SLV’s worst drawdown was slightly larger at -53.9%, compared with -52.2% for PSLV. Their daily-move correlation was 0.989, so the performance difference matters mainly for implementation details rather than diversification.

PSLVSprott Physical Silver Trust
$17.37-1.5% today
  • Price is below its 200-day average ($23); 50-day at $21.
  • RSI 30, neutral. Supertrend says sell. ADX 21, so the trend is developing.
ADX BearishSupertrend BearishDonchian Channel BreakdownUnderperforming the market (SPY)OBV Falling
SLViShares Silver Trust
$48.72-1.3% today
  • Price is below its 200-day average ($65); 50-day at $57.
  • RSI 31, neutral. Supertrend says sell. ADX 25, so the trend is developing.
ADX BearishSupertrend BearishDonchian Channel BreakdownUnderperforming the market (SPY)OBV Falling

Head to head

Which has returned more, PSLV or SLV?

PSLV beat SLV in 21 of the last 48 months; SLV won the other 27. The typical monthly gap was 0.80 points.

Total return by period

PSLVSLV
1 month
-16.3%
-15.4%
3 months
-8.0%
-8.0%
6 months
-29.2%
-29.2%
YTD
-26.6%
-24.4%
1 year
+8.4%
+11.0%
3 years
+124.1%
+132.6%
Since 2022-10
+158.1%
+174.6%

Which is riskier?

Volatility, last 12 months
62.7%
62.6%
Worst drawdown since 2022
-52.2%
-53.9%

PSLV: Jan 28, 2026 to Oct 23, 2026; SLV: Jan 29, 2026 to Oct 23, 2026

0.989
correlation of daily moves, 4 years
0.99
PSLV move per 1% in SLV
0.990
correlation, last 12 months

Month by month

PSLV led 21
SLV led 27

Of the last 48 months. The typical gap was 0.80 points.

When did they diverge?

MonthPSLVSLVGap
January 2026+11.7%+17.0%-5.30 pts
February 2026+17.0%+12.7%+4.25 pts
November 2022+12.6%+15.9%-3.39 pts
September 2026-11.5%-9.3%-2.13 pts

Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.

Holdings and fees

What do you actually own with PSLV and SLV?

PSLV
Sprott Physical Silver Trust
Price
$17.37
0.989
correlation
SLV
iShares Silver Trust
Expense ratio
0.5%
Fund assets
$27B
Price
$48.72

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