Sprott Physical Silver Trust
PSLV
About: Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieves its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices.
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
92% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 78
92% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 25
8% more capital invested
Capital invested by funds: $1.48B [Q1] → $1.59B (+$112M) [Q2]
5% more funds holding
Funds holding: 376 [Q1] → 395 (+19) [Q2]
0.47% less ownership
Funds ownership: 24.55% [Q1] → 24.08% (-0.47%) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 9 (-3) [Q2]
Financial journalist opinion