Sprott Silver Miners & Physical Silver ETF Surpasses $1 Billion in Assets in Just Over a Year

Rhea-AI Summary

Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) reached $1 billion in assets under management on January 23, 2026, about one year after its January 14, 2025 launch. The ETF offers pure-play exposure to silver miners and physical silver and tracks the Nasdaq Sprott Silver Miners Index.

The fund invests at least 80% of its assets in index securities and is part of Sprott's family of precious metals and critical materials ETFs.

Positive

• $1.0B AUM reached on January 23, 2026
• Reached $1B in assets ~12 months after January 14, 2025 launch

Negative

• None.

News Market Reaction

+5.56%

17 alerts

+5.56% News Effect

+$191M Valuation Impact

$3.63B Market Cap

0.8x Rel. Volume

On the day this news was published, SII gained 5.56%, reflecting a notable positive market reaction. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $191M to the company's valuation, bringing the market cap to $3.63B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

SLVR AUM: $1 billion SLVR launch date: January 14, 2025 Index allocation rule: 80% +5 more

8 metrics

SLVR AUM $1 billion Assets under management as of January 23, 2026

SLVR launch date January 14, 2025 ETF launch date

Index allocation rule 80% Minimum of total assets invested in Nasdaq Sprott Silver Miners Index securities

Prior SLVR AUM milestone $500 million SLVR assets under management as of December 11, 2025

Company AUM $49.1 billion Sprott AUM at September 30, 2025

AUM YTD growth 56% Year-to-date increase in AUM at Q3 2025

Quarterly dividend $0.40 Q3 2025 dividend per common share, 33% above prior quarter

Management fees $50.7M Q3 2025 management fees, up 30% year-over-year

Market Reality Check

Price: $122.68 Vol: Volume 272,070 is modestl...

normal vol

$122.68 Last Close

Volume Volume 272,070 is modestly above the 20-day average of 232,369, indicating slightly elevated trading interest ahead of this milestone announcement. normal

Technical Shares at $133.17 are trading above the 200-day MA of $76.29 and sit 2.94% below the 52-week high of $137.20, after a strong move off the 52-week low of $39.33.

Peers on Argus

Peers in Asset Management show mixed, low-magnitude moves (e.g., AAMI +0.07%, BI...

Peers in Asset Management show mixed, low-magnitude moves (e.g., AAMI +0.07%, BIGZ -0.98%, RVT -0.79%), suggesting today’s SII setup is more stock-specific than part of a broad sector rotation.

Historical Context

5 past events · Latest: Dec 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 22	Index methodology update	Positive	+3.5%	Raised size thresholds and broadened universe for SGDJ’s underlying index.
Dec 15	ETF AUM milestone	Positive	+1.1%	SLVR reported reaching <b>$500M</b> in assets under management in under a year.
Nov 05	Q3 2025 earnings	Positive	+2.5%	Reported strong AUM, higher management fees, EBITDA growth and solid net income.
Nov 04	Dividend increase	Positive	+0.2%	Announced <b>$0.40</b> dividend for Q3 2025, a <b>33%</b> increase versus prior quarter.
Oct 30	Earnings webcast notice	Neutral	-0.5%	Set date and time for the Q3 2025 results release and webcast.

Pattern Detected

Recent Sprott news, including ETF milestones, index changes, earnings, and dividend increases, has generally coincided with positive share reactions, indicating a pattern of constructive responses to growth- and capital-return-related updates.

Recent Company History

Over the last few months, Sprott has highlighted multiple growth and product milestones. On Oct 30, 2025, it scheduled its Q3 results webcast, followed by a 33% dividend increase to $0.40 per share on Nov 4. Q3 2025 results on Nov 5 showed AUM at $49.1B, up 56% year-to-date, with higher fees and EBITDA. In December, Sprott announced index methodology changes for SGDJ and noted SLVR reaching $500M AUM. Today’s SLVR $1B AUM milestone continues this theme of expanding ETF scale.

Market Pulse Summary

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with Spr...

Analysis

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with Sprott’s history of favorable responses to growth milestones, such as prior SLVR AUM updates and rising firm-wide AUM to $49.1B. Investors have previously treated product scale and asset growth as constructive signals. However, past gains occurred without extreme volatility, so sharp upside could face consolidation if enthusiasm exceeds fundamentals or if flows into silver and related strategies moderate.

Key Terms

ETF, assets under management, pure-play

3 terms

ETF financial

"Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) (the “ETF” or “SLVR”)"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

assets under management financial

"SLVR reached $1 billion (USD) in assets under management on January 23, 2026"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

pure-play financial

"SLVR is the only1 ETF focused on providing pure-play2 exposure to silver miners"

A pure-play company focuses almost entirely on a single product, service, or market rather than operating across many different lines. For investors, that makes the company’s performance a direct bet on one specific business — like backing a single-sport team instead of a multi-sport club — so returns can be clearer but also more volatile because there’s less built-in diversification.

AI-generated analysis. Not financial advice.

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

NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc. today announced that the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) (the “ETF” or “SLVR”) reached $1 billion (USD) in assets under management on January 23, 2026, just over a year following its launch on January 14, 2025. SLVR is the only¹ ETF focused on providing pure-play² exposure to silver miners and physical silver, a 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 sectors.

“Last year was a transformative year for silver, as its convergence as a monetary asset and strategic metal became apparent, and silver prices set new all-time highs. The momentum is continuing in 2026,” said Steve Schoffstall, Managing Partner, Head of ETFs at Sprott Inc. “The Sprott Silver Miners & Physical Silver ETF gives investors a way to invest in pure-play silver miners and physical silver. The ‘pure-play’ differentiator matters, as the companies in the index generate a majority of revenue—not just a small byproduct portion of revenue—from silver mining.”

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 the Sprott Inc. (“Sprott”) growing family of precious metals ETFs that include the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), Sprott Gold Miners ETF (NYSE Arca: SGDM) and Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ), as well as a suite of critical materials and diversified metals and mining ETFs providing pure-play² exposure to uranium, copper, lithium, nickel and other metals miners.

Sprott Precious Metals ETFs

Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG)

Sprott Gold Miners ETF (NYSE Arca: SGDM)

Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ)

Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR)

Sprott Critical Materials ETFs

Sprott Critical Materials ETF (Nasdaq: SETM)

Sprott Uranium Miners ETF (NYSE Arca: URNM)

Sprott Junior Uranium Miners ETF (Nasdaq: URNJ)

Sprott Copper Miners ETF (Nasdaq: COPP)

Sprott Junior Copper Miners ETF (Nasdaq: COPJ)

Sprott Lithium Miners ETF (Nasdaq: LITP)

Sprott Nickel Miners ETF (Nasdaq: NIKL)

Sprott Diversified Metals & Mining ETFs

Sprott Active Metals & Miners ETF (Nasdaq: METL)

¹ Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 1/28/2026.

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 “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 Metals & Miners ETF and Sprott Active Gold & Silver Miners ETF 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.

© 2026 Sprott Inc. All rights reserved.

FAQ

When did SLVR reach $1 billion in assets and how long after launch was that?

SLVR reached $1 billion in assets on January 23, 2026. According to Sprott Asset Management USA, this milestone came just over one year after the fund launched on January 14, 2025, signaling rapid capital adoption.

What does SLVR track and how much must it invest in the index?

SLVR seeks to track the Nasdaq Sprott Silver Miners Index and invests at least 80% of assets in index securities. According to Sprott Asset Management USA, this aims to mirror total return performance before fees and expenses.

What exposure does Sprott's SLVR ETF provide to investors in 2026?

SLVR provides pure-play exposure to silver miners and physical silver rather than diversified metals. According to Sprott Asset Management USA, holdings focus on producers, developers, explorers and physical silver.

Which ticker should investors use to buy the Sprott Silver Miners & Physical Silver ETF?

Investors can buy the ETF under the ticker SLVR on Nasdaq. According to Sprott Asset Management USA, SLVR is listed and trades like other exchange-traded funds offering metal-specific exposure.

How does SLVR fit within Sprott's ETF lineup of precious metals and critical materials?

SLVR complements Sprott's suite of precious metals and critical materials ETFs by focusing specifically on silver miners and physical silver. According to Sprott Asset Management USA, it sits alongside other metal-focused ETFs like GBUG and SGDM.

What differentiates SLVR's "pure-play" exposure from other metal ETFs?

SLVR's "pure-play" exposure means the index constituents generate a majority of revenue from silver mining. According to Sprott Asset Management USA, this contrasts with funds holding companies where silver is only a small revenue byproduct.