Toronto, March 27, 2025 – Sprott Inc. (NYSE/TSX: SII), on behalf of the Sprott Physical Silver Trust (NYSE Arca/TSX: PSLV), announced that the Trust’s net asset value (NAV) has exceeded $6 billion, marking a significant milestone for the fund. This achievement reflects the rising investor interest in physical silver ownership amid growing concerns about market volatility and currency debasement.
A Milestone for PSLV
John Ciampaglia, Chief Executive Officer of Sprott Asset Management, expressed gratitude to the fund’s unitholders for their continued support.
“We would like to thank our unitholders for their trust and support in helping the Sprott Physical Silver Trust reach this significant milestone,” Ciampaglia said. “PSLV provides investors with an alternative way to own fully allocated and segregated physical silver at a time when physical ownership has never been more important.”
Ciampaglia highlighted PSLV’s unique structure, emphasizing that the trust is fully backed by physical silver, which is redeemable (subject to minimum investment size) and not stored with bullion banks. This distinction reassures investors seeking direct exposure to silver without counterparty risk.
Key Statistics Highlighting PSLV’s Growth
The Sprott Physical Silver Trust is now the second-largest exchange-listed physical silver fund globally, according to Morningstar data as of December 31, 2024.
Key metrics include:
- 182.1 million ounces of silver held on behalf of unitholders.
- Since 2020, PSLV has purchased over 120 million ounces, including 1.5 million ounces in 2025 alone.
- Despite growing demand, the Trust has not received any physical redemption requests in 2025, compared to 866,000 ounces redeemed in 2024.
The growing NAV highlights the rising investor confidence in silver as both an inflation hedge and a safe-haven asset.
Why PSLV Appeals to Investors
PSLV offers investors a transparent and secure method to gain exposure to physical silver. Unlike some silver exchange-traded funds (ETFs) that may hold futures contracts or derivatives, PSLV exclusively holds physical silver. This reduces the risk of price discrepancies between the ETF and the underlying metal.
Additionally, the Trust’s structure allows for physical redemption, providing large-scale investors with the option to take delivery of actual silver. For retail investors, PSLV offers liquidity and ease of trading on both the NYSE and TSX, making it accessible for both U.S. and Canadian markets.
Silver’s Growing Appeal in 2025
The surge in PSLV’s NAV reflects the broader trend of rising silver demand. Silver is increasingly sought after not only for its historical role as a store of value but also for its growing industrial applications, including in electric vehicles (EVs), solar panels, and electronics.
With inflation concerns still prevalent, many investors are turning to precious metals as a hedge. Silver, often referred to as “poor man’s gold,” has gained significant traction as an affordable and effective inflation buffer.
About Sprott and PSLV
Sprott Inc. is a global asset manager specializing in precious metals and critical materials investments. The company offers exchange-listed products, managed equities, and private strategies. Headquartered in Toronto, Sprott also has offices in New York, Connecticut, and California. Its common shares trade on the NYSE and TSX under the symbol SII.
The Sprott Physical Silver Trust provides investors with a secure and transparent vehicle for silver ownership. With fully allocated physical silver stored in secure, non-bank vaults, PSLV offers a distinct advantage for those seeking direct exposure to the metal.
