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Performance
SI=F Performance Chart
Silver (SI=F) is up 7.0% since the beginning of the year. SI=F is currently trading at $76 per share. Investors who bought $1,000 worth of SI=F shares 5 years ago would now be looking at an investment worth $2,748.
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Returns By Period
Silver (SI=F) has returned 7.02% so far this year and 118.16% over the past 12 months. Looking at the last ten years, SI=F has achieved an annualized return of 16.53%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Silver
- 1D
- 0.40%
- 1M
- 2.77%
- YTD
- 7.02%
- 6M
- 28.89%
- 1Y
- 118.16%
- 3Y*
- 46.86%
- 5Y*
- 22.41%
- 10Y*
- 16.53%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
SI=F Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 1970, SI=F's average daily return is +0.04%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 51% of months were positive and 49% were negative. The best month was Sep 1979 with a return of +54.7%, while the worst month was Mar 1980 at -47.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 10 months.
On a daily basis, SI=F closed higher 51% of trading days. The best single day was Jan 18, 2026 with a return of +14.5%, while the worst single day was Jan 30, 2026 at -31.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.23% | 18.80% | -19.69% | -1.19% | 2.53% | -0.45% | 7.02% | ||||||
| 2025 | 10.34% | -2.38% | 9.89% | -5.15% | 0.61% | 9.52% | 1.49% | 10.76% | 13.75% | 4.12% | 18.47% | 23.75% | 141.44% |
| 2024 | -3.34% | -1.71% | 9.68% | 6.19% | 14.79% | -3.38% | -1.65% | -0.24% | 8.46% | 4.75% | -5.97% | -5.63% | 21.41% |
| 2023 | -0.46% | -11.95% | 15.08% | 4.03% | -6.07% | -2.85% | 9.00% | -1.59% | -9.08% | 2.78% | 10.69% | -5.70% | 0.19% |
| 2022 | -4.00% | 8.68% | 3.25% | -8.24% | -5.84% | -6.37% | -0.52% | -11.84% | 6.67% | 0.76% | 13.26% | 10.65% | 2.95% |
| 2021 | 1.99% | -1.85% | -7.14% | 5.38% | 8.62% | -6.79% | -2.42% | -6.14% | -8.10% | 8.70% | -4.87% | 2.43% | -11.59% |
Benchmark Metrics
Silver has an annualized alpha of 9.03%, beta of 0.13, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 05, 1970.
- This asset participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.31%) than losses (30.30%) - typical of diversified or defensive assets.
- Beta of 0.13 may look defensive, but with R2 of 0.01 this asset is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this asset's risk.
- R2 of 0.01 means this asset moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.03%
- Beta
- 0.13
- R²
- 0.01
- Upside Capture
- 31.31%
- Downside Capture
- 30.30%
Return for Risk
Risk / Return Rank
SI=F ranks 69 for risk / return — better than 69% of futures on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Silver (SI=F) and compare them to S&P 500 Index.
| SI=F | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 2.24 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.92 | 3.07 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.93 | -0.71 |
Martin ratioReturn relative to average drawdown | 4.79 | 13.52 | -8.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Silver. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Silver was 91.54%, occurring on Feb 22, 1991. Recovery took 5156 trading sessions.
The current Silver drawdown is 34.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
1991 bear market1991 | -91.54%Feb 1991 | 11y 1mo | 20y 1mo | 31y 3moJan 1980 - Apr 2011 |
COVID crash2020 | -75.78%Mar 2020 | 8y 10mo | 5y 6mo | 14y 5moMay 2011 - Oct 2025 |
2026 bear market2026 | -41.21%Mar 2026 | 1mo 28d | — | 4mo 8dJan 2026 - now |
1974 bear market1974 | -38.51%Sep 1974 | 6mo 22d | 4y 1mo | 4y 8moFeb 1974 - Oct 1978 |
1971 bear market1971 | -34.70%Nov 1971 | 1y 7mo | 1y 1mo | 2y 9moMar 1970 - Dec 1972 |
Drawdown Indicators
| SI=F | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.54% | -56.78% | -34.76% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -9.10% | -32.11% |
Max Drawdown (3Y)Largest decline over 3 years | -41.21% | -18.90% | -22.31% |
Max Drawdown (5Y)Largest decline over 5 years | -41.21% | -25.43% | -15.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -33.92% | -9.21% |
Current DrawdownCurrent decline from peak | -34.38% | -0.74% | -33.64% |
Average DrawdownAverage peak-to-trough decline | -61.04% | -10.72% | -50.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.84% | 1.97% | +18.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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