Sprott pure-play silver ETF reaches $100M in AUM

The Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) officially reached $100 million in assets under management (AUM) by the end of the June quarter.SLVR is currently the only exchange-traded fund (ETF) focused on providing pure-play exposure to silver miners and physical silver, a precious metal that has both store-of-value benefits and evolving industrial uses.The ETF, launched by Sprott Asset Management on January 15, 2025, draws on the firm’s extensive experience in the precious metals and critical materials space.It joins Sprott’s growing family of precious metals ETFs that currently includes the Sprott Active Gold & Silver Miners ETF (GBUG), Sprott Gold Miners ETF (SGDM) and Sprott Junior Gold Miners ETF (SGDJ).“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,” John Ciampaglia, CEO of Sprott Asset Management, stated in a press release Wednesday.By noon ET, spot silver was trading at $36.45 per ounce, down 0.9% for the day. Year to date, the metal has risen by 27%, setting a 13-year high of $37.32 per ounce along the way.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com