Sprott Silver Miners & Physical Silver ETF Reaches $100 Million in Assets

Rhea-AI Summary

Sprott Asset Management USA (NYSE:SII) announced that its Sprott Silver Miners & Physical Silver ETF (SLVR) has reached $100 million in assets under management as of June 30, 2025, just five months after its January 15, 2025 launch. The ETF is uniquely positioned as the only U.S.-listed fund providing pure-play exposure to both silver miners and physical silver.

SLVR aims to track the Nasdaq Sprott Silver Miners™ Index (NSLVR™) by investing at least 80% of its assets in index securities. The fund launch comes at a strategic time as silver prices have surpassed $35 per ounce, reaching a 12-year high. The ETF is part of Sprott's expanding family of precious metals and critical materials ETFs.

Positive

• ETF reached $100 million AUM within just 5 months of launch
• Silver prices broke $35/oz, highest in 12 years
• Only U.S.-listed ETF offering combined exposure to silver miners and physical silver
• Part of Sprott's expanding ETF family, leveraging their precious metals expertise

Negative

• None.

Only¹ U.S.-Listed ETF Providing Pure-Play² Exposure to Silver Miners and Physical Silver

Rapidly Gains Assets

TORONTO, July 09, 2025 (GLOBE NEWSWIRE) --  Sprott Asset Management USA, Inc. today announced that the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) (the “ETF” or “SLVR”) reached $100 million (USD) in assets under management on June 30, 2025, after its launch on January 15, 2025. SLVR is the only¹ ETF focused on providing pure-play² exposure to silver miners and physical silver, an undervalued precious metal with evolving industrial and technological uses. The ETF draws on Sprott Asset Management’s extensive experience in the precious metals and critical materials space.

"We believe silver has been considerably undervalued relative to gold, but silver seems to be hitting its stride, with prices recently breaking $35 per ounce for the first time in more than 12 years. Silver miners may be well-positioned as prices rise, fundamentals improve, and industrial demand grows,” said John Ciampaglia, CEO of Sprott Asset Management. “We’re pleased that, in the five months since we launched SLVR, investors have embraced the opportunity to invest in silver miners and physical silver.”

The Sprott Silver Miners & Physical Silver ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Silver Miners™ Index
(NSLVR™) by investing at least 80% of its total assets in securities of the Index. The Nasdaq Sprott Silver Miners Index^TM is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.

SLVR is part of Sprott’s growing family of precious metals ETFs that include the Sprott Active Gold & Silver Miners ETF (GBUG), Sprott Gold Miners ETF (SGDM) and Sprott Junior Gold Miners ETF (SGDJ) as well as a suite of critical materials ETFs providing pure-play² exposure to uranium, copper, lithium, and nickel miners. Sprott ETFs include:

Sprott Precious Metals ETFs:

Sprott Active Gold & Silver Miners ETF	Nasdaq: GBUG	An actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the Fund is value-oriented and contrarian.
Sprott Gold Miners ETF	NYSE Arca: SGDM	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges.
Sprott Junior Gold Miners ETF	NYSE Arca:SGDJ	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index (Ticker: SOLJGMFT). The Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges.
Sprott Silver Miners & Physical Silver ETF	Nasdaq: SLVR	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, Nasdaq Sprott Silver Miners™ Index (NSLVR™), by investing at least 80% of its total assets in securities of NSLVR. The Nasdaq Sprott Silver Miners Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.

Sprott Critical Materials ETFs:

Sprott Critical Materials ETF	Nasdaq: SETM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Critical Materials™ Index (NSETM™). The Index is designed to track the performance of a selection of global securities in the critical materials industry.
Sprott Uranium Miners ETF	NYSE Arca: URNM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties or engaging in other non-mining activities that support the uranium mining industry.
Sprott Junior Uranium Miners ETF	Nasdaq: URNJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium MinersTM Index (NSURNJTM), which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses.
Sprott Copper Miners ETF	Nasdaq: COPP	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper MinersTM Index (NSCOPPTM), which is designed to track the performance of a selection of global securities in the copper industry, including copper producers, non-producers and physical copper.
Sprott Junior Copper Miners ETF	Nasdaq: COPJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper MinersTM Index (NSCOPJTM), which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses.
Sprott Lithium Miners ETF	Nasdaq: LITP	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium MinersTM Index (NSLITPTM). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers.
Sprott Nickel Miners ETF	Nasdaq: NIKL	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel MinersTM Index (NSNIKLTM). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.

¹ Based on Morningstar’s universe of Precious Sector Equity ETFs as of 7/8/2025.

² The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.

About Sprott Asset Management USA, Inc.

Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc. (“Sprott”). Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com

Dan Gagnier
Gagnier Communications
Direct: (646) 569-5897
sprott@gagnierfc.com

IMPORTANT DISCLOSURES

An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.

Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.

The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/ or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.

Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only market makers or “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.

Nasdaq®, Nasdaq Sprott Silver Miners ™ Index, and NSLVR™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

One cannot invest directly in an index.

The Sprott Active Gold & Silver Miners and Sprott Silver Miners & Physical Silver ETFs are new and have limited operating history.

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

© 2025 Sprott Inc. All rights reserved.

FAQ

What is the asset value of Sprott's Silver Miners & Physical Silver ETF (SLVR)?

The SLVR ETF reached $100 million in assets under management as of June 30, 2025.

When was the Sprott Silver Miners & Physical Silver ETF (SLVR) launched?

The SLVR ETF was launched on January 15, 2025.

What makes Sprott's SLVR ETF unique in the market?

SLVR is the only U.S.-listed ETF that provides pure-play exposure to both silver miners and physical silver in a single fund.

What is the current price of silver according to Sprott's announcement?

Silver prices have broken above $35 per ounce, reaching their highest level in more than 12 years.

How does the Sprott Silver Miners & Physical Silver ETF (SLVR) track its investments?

SLVR invests at least 80% of its total assets in securities of the Nasdaq Sprott Silver Miners™ Index (NSLVR™), which tracks silver industry securities including producers, developers, explorers, and physical silver.