Key Comparisons
| Feature | iShares Silver Trust (SLV) | Sprott Physical Silver Trust (PSLV) |
|---|---|---|
| Structure | Open-end ETF | Closed-end Trust |
| Expense Ratio | 0.50% | 0.62% |
| Custodian | JPMorgan Chase Bank | Royal Canadian Mint |
| Physical Redemption | Typically only for authorized participants | Available to any unitholder (minimum ~10,000 oz) |
| Tax Treatment (US) | Often taxed at 28% collectibles rate | May qualify for 15/20% LT capital gains rate |
| Net Assets (2026) | ~$39.0 Billion | ~$18.6 Billion |
