CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Kate Leaman, Financial Journalist and Market Analyst. Data refreshed daily. Not financial advice.
The Sprott Silver Miners & Physical Silver ETF (SLVR) is currently trading at $48.42, significantly below its 50-day simple moving average of $58.85 and its 200-day simple moving average of $60.20. The fund's year-to-date return is -2.17%, and its 1-month return is -13.12%, reflecting recent weakness. SLVR's strategy, as outlined in its overview, is to track the Nasdaq Sprott Silver Miners Index, providing exposure to silver mining companies and physical silver. The fund's sector concentration is heavily weighted towards Basic Materials at 99.34%, with a smaller allocation to Consumer Defensive at 0.66%.
SLVR at a glance
Sprott Silver Miners & Physical Silver ETF (SLVR): Sell, 25/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($58.85 and $60.20).
FundExpense ratio 0.65%, $695.6M in net assets, +28.1% total return over 1 year.
As of October 14, 2026, Sprott Silver Miners & Physical Silver ETF (SLVR) trades at $48.42. The 14-day RSI (daily closes) is 29, in oversold territory, and the price is below its 50-day simple moving average of $58.85.
Figures as of October 14, 2026.
Only on CleaRank
Figures we compute ourselves from SLVR's own price history. Tap one to see it in context.
Sprott Silver Miners & Physical Silver ETF is an exchange-traded fund that aims to track the total return performance of the Nasdaq Sprott Silver Miners Index. The fund provides exposure to companies involved in silver mining across the value chain, including producers, developers, and explorers, while also allocating part of its portfolio to physical silver through eligible silver trusts.
Issuer
Sprott
Category
Equity Precious Metals
Inception
Jan 14, 2025
Expense ratio
0.65%
Net assets
$695.63M
Distribution yield
3.77%
YTD return
-2.17%
Turnover
49.00%
Sector weights
Basic Materials99.3%
Consumer Defensive0.7%
Trailing total returns
Period
SLVR
YTD
-2.17%
1 month
-13.12%
3 months
8.56%
1 year
28.13%
As of Oct 14, 2026, SLVR has an expense ratio of 0.65%, $695.63M in net assets and a distribution yield of 3.77%.
Fund reference data as of Oct 14, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
SLVR Analysis
AI Analyst Consensus ScoreSell
At $48.42, SLVR exhibits oversold conditions with a 14-day RSI of 29.2, indicating potential for a short-term bounce. However, the price is currently below its 20-day EMA ($54.92), 50-day SMA ($58.85), and 200-day SMA ($60.20), confirming a bearish trend. The Stochastic indicator is at 0, also suggesting oversold territory, while the CCI is at -232.41, further reinforcing the bearish momentum.
Market Outlook
The outlook for the Sprott Silver Miners & Physical Silver ETF (SLVR) is bearish in the short term, given its current technical setup. The ETF is trading significantly below its key moving averages, and its 14-day RSI is at 29.24, indicating oversold conditions that could lead to a temporary bounce. However, the persistent downtrend suggests that any upward movement may be met with selling pressure. The fund's heavy concentration in Basic Materials also exposes it to the volatility of silver prices and the broader mining sector. Over the next 6-12 months, a recovery in silver prices would be necessary to drive a significant upward trend for SLVR. Investors should watch for a sustained break above the 50-day SMA ($58.85) as a potential sign of trend reversal. Until then, the risk of further downside remains, especially if macroeconomic factors or specific industry headwinds negatively impact silver miners.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.39
Weak correlation
Nasdaq 100 (QQQ)+0.42
Moderate correlation
Bitcoin (BTC)+0.36
Weak correlation
Gold (XAU)+0.77
Strong correlation
As of October 14, 2026, SLVR's 1-year correlation of daily returns is +0.39 with S&P 500 (SPY), +0.42 with Nasdaq 100 (QQQ), +0.36 with Bitcoin (BTC) and +0.77 with gold (XAU).
Check Custom Correlation
How does any other asset move with SLVR? One year of daily closes, Pearson correlation.
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Key Statistics
Net Assets
695.63M
Expense Ratio
0.6500%
Yield
3.77%
Day High
$50.50
Day Low
$48.42
52 Week High
85.90
52 Week Low
38.37
The Sprott Silver Miners & Physical Silver ETF (SLVR) is heavily concentrated in the Basic Materials sector, holding 99.34% of its assets in this area, with only 0.66% in Consumer Defensive. The fund's expense ratio is 0.65%, costing $65.00 per $10,000 invested, and it holds net assets of $695,625,216. The underlying sector, Financial Services, has a median P/E of 16.5, a P/S of 3.8, and an ROE of 13.8, based on a sample size of 72 stocks. The fund's strategy combines equity exposure to silver miners with direct physical silver holdings.
Fund Performance Analysis
Its underlying holdings are primarily in the silver mining sector. The Financial Services sector, which encompasses many of these companies, shows a median revenue growth of 11.7%. Investors should monitor the earnings trends of the top silver mining companies within the Nasdaq Sprott Silver Miners Index to gauge the overall health and profitability of the sector that SLVR represents.
Key Risks
The primary risk for SLVR is its extreme concentration in the Basic Materials sector (99.34%), making it highly susceptible to downturns in silver prices and the mining industry. The ETF is trading significantly below its key moving averages, indicating a strong bearish trend and potential for further downside. Additionally, the high expense ratio of 0.65% can erode returns over the long term, especially in a volatile sector.
Technical Indicators i
RSI (14-day)
29.24
MACD (12, 26)
-2.15
SMA (50-day)
58.85
SMA (200-day)
60.20
Technical RatingBearish
RSI
Oversold
SMA Cross
Bearish
Price vs SMA
Bearish
MACD
Bearish
Moving averages show a lagging Death Cross (50-day: $58.85, 200-day: $60.20), price is trading below the 50-day SMA, RSI at 29.2 suggests oversold conditions; potential bounce setup.
As of October 14, 2026, with SLVR at $48.42, its 14-day RSI is 29.2 (oversold territory), its 50-day simple moving average is $58.85 and its 200-day is $60.20.
Calculated by CleaRank on daily closes as of October 14, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
SLVR Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Short entry pick an entry style
Conservative
$49.39
2% above current price
Lower risk, wait for rally
Aggressive
$48.42
Short at current price
Higher risk, chasing the move
Risk Management
STOP LOSS
$53.19
MAX LOSS
-7.7%
Volatility-Adjusted Stop Loss
Calculated based on RSI (29.2) and current market volatility
These levels come from SLVR's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in SLVR in January 2025 would be worth about $24,307 today, compared with about $13,125 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.
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SLVR Drawdowns & Recovery
Worst fall, last 2 years
-43.7%
February 2026 to July 2026
Recovery
Not yet
still 41.9% below the February 2026 peak
From the 2-year high
-41.9%
highest close, February 2026
As of October 14, 2026, SLVR's worst peak-to-trough fall over the last 2 years was -43.7% (February 2026 to July 2026); it is still 41.9% below that peak.
From daily closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in SLVR today could grow to about $28,408 by 2036 in the base case, with a 90th-percentile outcome near $215,518 and a 10th-percentile outcome around $3,744. The simulation models price only; at today's 3.77% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
SLVR 2030 Scenarios (Monte Carlo)
CleaRank's simulation projects a price near $73.52 for SLVR by 2030 in the base case, from $48.42 today (1.5x over 4 years). The 10th-percentile path ends near $20.41. These are outcomes of a Monte Carlo simulation run on SLVR's historical return distribution, not price targets, and they assume no dividends are reinvested.
SLVR simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$28.32
$53.75
$102
2028
$24.11
$59.66
$148
2029
$21.83
$66.23
$201
2030
$20.41
$73.52
$265
2031
$19.47
$81.61
$342
Method: a lognormal simulation of SLVR's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. SLVR is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.
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Frequently Asked Questions
What is the expense ratio for the Sprott Silver Miners & Physical Silver ETF?
The Sprott Silver Miners & Physical Silver ETF has an expense ratio of 0.65%, which equates to a cost of $65.00 per $10,000 invested annually.
What sectors does the Sprott Silver Miners & Physical Silver ETF concentrate in?
The Sprott Silver Miners & Physical Silver ETF is heavily concentrated in the Basic Materials sector, holding 99.34% of its assets, with a minor allocation of 0.66% in Consumer Defensive.
What is the distribution yield for the Sprott Silver Miners & Physical Silver ETF?
The Sprott Silver Miners & Physical Silver ETF has a distribution yield of 3.77%.
How has the Sprott Silver Miners & Physical Silver ETF performed year-to-date?
The Sprott Silver Miners & Physical Silver ETF has returned -2.17% year-to-date as of October 2026.
What are the key technical indicators for SLVR?
SLVR is currently oversold with a 14-day RSI of 29.2 and is trading below its 20-day EMA, 50-day SMA, and 200-day SMA, indicating a bearish trend.
What are the main risks associated with investing in SLVR?
The primary risks include extreme sector concentration in Basic Materials, a strong bearish technical trend indicated by price action below key moving averages, and a relatively high expense ratio of 0.65%.
What is SLVR's biggest drop in the last 2 years?
Sprott Silver Miners & Physical Silver ETF (SLVR)'s worst peak-to-trough fall over the last 2 years was -43.7%, from February 2026 to July 2026. It has not regained that peak yet and is still 41.9% below it.
How closely does SLVR move with the stock market?
Over the past year SLVR's daily returns were weakly correlated with the S&P 500 (SPY) (+0.39). Nasdaq 100 (QQQ): +0.42; Bitcoin (BTC): +0.36; Gold (XAU): +0.77. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in SLVR be worth today?
$10,000 put into SLVR in January 2025 would be worth about $24,307 today, against about $13,125 for the same amount in the S&P 500. That is price change only; distributions would add to it.
What does CleaRank's simulation show for SLVR in 2030?
CleaRank's Monte Carlo simulation, built from SLVR's own historical volatility, puts the 2030 base case near $73.52, with 10th and 90th percentile outcomes of $20.41 and $264.84. The upper figure is a statistical tail of a very volatile asset, not an expectation. It is a range of simulated outcomes, not a price target.
