Sprott Physical Silver TrustPSLV
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 Q1 regulatory disclosures by fund managers ($100M+ AUM)
86% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 22
71% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2024] → 12 (+5) [Q1 2025]
67% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 76
11% more capital invested
Capital invested by funds: $1.34B [Q4 2024] → $1.48B (+$145M) [Q1 2025]
3% more funds holding
Funds holding: 366 [Q4 2024] → 376 (+10) [Q1 2025]
0.57% more ownership
Funds ownership: 23.99% [Q4 2024] → 24.56% (+0.57%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for PSLV.
Financial journalist opinion









