- ISIN
- US46428Q1094
- CUSIP
- 46428Q109
- Issuer
- iShares
- Inception Date
- Apr 21, 2006
- Category
- Silver, Precious Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- LBMA Silver Price
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $37B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SLV Performance Chart
iShares Silver Trust (SLV) is up 4.0% since the beginning of the year. SLV is currently trading at $67 per share. Investors who bought $1,000 worth of SLV shares 5 years ago would now be looking at an investment worth $2,598.
Loading charts...
Returns By Period
iShares Silver Trust (SLV) has returned 3.97% so far this year and 113.72% over the past 12 months. Looking at the last ten years, SLV has achieved an annualized return of 15.63%, outperforming the S&P 500 Index benchmark, which averaged 13.65% per year.
iShares Silver Trust
- 1D
- 1.16%
- 1M
- 1.62%
- YTD
- 3.97%
- 6M
- 29.40%
- 1Y
- 113.72%
- 3Y*
- 45.73%
- 5Y*
- 21.04%
- 10Y*
- 15.63%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
SLV Monthly Returns History
Based on dividend-adjusted daily data since Apr 28, 2006, SLV's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 51% of months were positive and 49% were negative. The best month was Jul 2020 with a return of +33.2%, while the worst month was Sep 2011 at -28.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SLV closed higher 52% of trading days. The best single day was Sep 17, 2008 with a return of +14.4%, while the worst single day was Jan 30, 2026 at -28.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 17.11% | 12.66% | -19.83% | -2.17% | 2.51% | -1.98% | 3.97% | ||||||
| 2025 | 8.28% | -0.70% | 9.47% | -4.49% | 1.35% | 9.37% | 1.55% | 8.61% | 17.08% | 3.87% | 16.36% | 25.80% | 144.66% |
| 2024 | -3.99% | -0.86% | 9.74% | 5.71% | 15.43% | -4.29% | -0.68% | -0.15% | 7.82% | 4.93% | -6.34% | -5.69% | 20.89% |
| 2023 | -0.86% | -11.96% | 15.09% | 3.98% | -6.04% | -3.33% | 8.62% | -1.32% | -9.16% | 3.15% | 10.25% | -5.84% | -1.09% |
| 2022 | -3.30% | 8.75% | 1.15% | -8.04% | -5.70% | -6.05% | 0.32% | -11.34% | 5.55% | 0.69% | 15.95% | 7.78% | 2.37% |
| 2021 | 1.71% | -1.32% | -7.95% | 5.77% | 7.87% | -6.49% | -2.44% | -6.31% | -7.32% | 7.65% | -4.66% | 2.14% | -12.45% |
Benchmark Metrics
iShares Silver Trust has an annualized alpha of 10.00%, beta of 0.37, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since May 01, 2006.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (49.92%) than losses (41.67%) - typical of diversified or defensive assets.
- Beta of 0.37 may look defensive, but with R2 of 0.05 this ETF 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 ETF's risk.
- R2 of 0.05 means this ETF 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
- 10.00%
- Beta
- 0.37
- R²
- 0.05
- Upside Capture
- 49.92%
- Downside Capture
- 41.67%
Expense Ratio
SLV has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SLV ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Silver Trust (SLV) and compare them to S&P 500 Index.
| SLV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.98 | -0.29 |
| Martin ratioReturn relative to average drawdown | 5.76 | 13.78 | -8.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Silver Trust. 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 iShares Silver Trust was 76.28%, occurring on Mar 18, 2020. Recovery took 1400 trading sessions.
The current iShares Silver Trust drawdown is 36.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -76.28%Mar 2020 | 8y 10mo | 5y 7mo | 14y 5moApr 2011 - Oct 2025 |
Financial crisis2007–2009 | -57.08%Oct 2008 | 7mo 25d | 1y 11mo | 2y 6moMar 2008 - Sep 2010 |
2026 bear market2026 | -42.45%Mar 2026 | 1mo 26d | — | 4mo 7dJan 2026 - now |
2006 bear market2006 | -35.23%Jun 2006 | 1mo 2d | 1y 4mo | 1y 5moMay 2006 - Nov 2007 |
2025 correction2025 | -13.77%Oct 2025 | 10d | 1mo 2d | 1mo 12dOct 2025 - Nov 2025 |
Drawdown Indicators
| SLV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -56.78% | -19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -9.10% | -33.35% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -18.90% | -23.55% |
Max Drawdown (5Y)Largest decline over 5 years | -42.45% | -25.43% | -17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -33.92% | -8.89% |
Current DrawdownCurrent decline from peak | -36.57% | -0.33% | -36.24% |
Average DrawdownAverage peak-to-trough decline | -44.67% | -10.72% | -33.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.81% | 1.97% | +17.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SLV
Add iShares Silver Trust to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SLV