For educational use only. Not investment advice or a recommendation.Learn moreData may be delayed, revised, or incomplete; usage restrictions apply.Data Disclaimer
Silver ETF Holdings & Flows
Daily vaulted ounces, fund flows and AUM for SLV, PSLV and SIVR, read from each issuer's official fund page.
This content is available to Pro and Institution members.
About this data
SLV (iShares Silver Trust), PSLV (Sprott Physical Silver Trust) and SIVR (abrdn Physical Silver Shares ETF) are the three largest US-traded physical silver funds, holding more than 700 million troy ounces between them. WatchGold records each fund’s vaulted ounces, dollar AUM and net creations or redemptions every trading day. Silver flowing into the trusts has been taken off the open market; silver flowing out is supply coming back.
Source: each issuer’s official fund page (iShares, Sprott, abrdn), captured once per trading day and cross-checked against the silver spot price. The history builds forward from these daily snapshots.
Frequently asked questions
- Why don’t PSLV’s holdings change from day to day?
- PSLV is a closed-end trust, so no authorized participants create and redeem shares each day. Ordinary buying and selling moves the unit price, and with it the premium or discount to net asset value, but never the silver inside. The trust adds metal only when Sprott sells new units, usually through an at-the-market offering while they trade at a premium, and spends the proceeds on silver. It rarely loses any: physical redemption is restricted to large blocks and almost never exercised. A flat PSLV line is the trust working as designed, not stale data.
- How do SLV and SIVR holdings change?
- Both funds run the standard ETF plumbing: authorized participants create and redeem shares in large baskets against physical silver. When the share price runs above net asset value, APs create shares and the trust takes in metal. When it slips below, they redeem and silver leaves the vault. That arbitrage keeps holdings tracking investor demand almost daily, which is why the SLV and SIVR lines move constantly while PSLV moves in steps.
- What do silver ETF holdings and flows signal for the silver market?
- Rising combined holdings mean investors are locking physical silver into fund vaults, shrinking the float left for industrial users and other buyers. Sustained outflows hand that metal back. SLV is the biggest of the three by a wide margin, so its creations and redemptions drive most of the day-to-day change in the total; a sudden step up in PSLV usually marks a Sprott unit offering rather than a broad shift in demand.