Sprott Physical Silver Trust (ARCA:PSLV) is an exchange-traded fund (ETF) focusing on physical silver. Therefore, the Trust does not generate traditional revenues from various industries as an operating company would. Instead, the value of the fund is mainly based on the price of physical silver and the associated market movements.

Top 3 Markets:

1. USA: approx. 50%
2. Canada: approx. 30%
3. Europe: approx. 20%

Since PSLV is a fund investing in physical silver, the "revenues" do not come from industries but from the performance of silver itself. The demand for silver is influenced by various industries, including electronics, jewelry, and investments. The markets mentioned above refer to the geographical distribution of investors and trading with the fund.

Production: No in-house production

The Sprott Physical Silver Trust (ARCA:PSLV) is an exchange-traded fund (ETF) that holds physical silver. The trust itself does not produce any products, but invests in physical silver stored in secure vaults. The purpose of the trust is to provide investors with a way to invest in physical silver without having to buy and store the metal directly. The management and storage of the silver are done in collaboration with specialized service providers.

Current Silver Inventory: 150 million ounces (estimated, 2025)
Managed Assets: 3.5 billion USD (estimated, 2025)

Sprott Physical Silver Trust pursues a strategy based on maximizing physical silver holdings to provide investors with a secure and transparent way to invest in physical silver. The strategy aims to strengthen investor confidence through the physical backing of silver, which is particularly attractive in times of economic uncertainty.

The company plans to increase awareness of the benefits of physical precious metal investments by expanding its marketing and educational initiatives. This is intended to help expand the investor base and increase managed assets.

Additionally, Sprott Physical Silver Trust could benefit from the increasing demand for silver being driven by industrial applications, especially in the technology and solar industries. This presents a long-term growth opportunity as the demand for sustainable and renewable energies continues to rise.

Commodities/Materials: Silver

Main importing countries: Mexico, Peru, China, Australia, Chile

The Sprott Physical Silver Trust (PSLV) is an investment fund that holds physical silver. The trust itself does not import commodities, as it focuses on the acquisition and storage of physical silver.

However, silver is mined worldwide, and the main producing countries are Mexico, Peru, China, Australia, and Chile. These countries are the largest exporters of silver and thus the main sources for the global silver market. The trust sources its silver from these markets to meet investors' demand for physically backed silver.

The selection of silver sources depends on availability, market conditions, and costs. The trust ensures that the silver meets international standards to guarantee quality and purity.

Current Silver Price: $24.50 per ounce (2025 estimate)
Assets Under Management (AUM) of PSLV: $3.5 billion (2025 estimate)

The Sprott Physical Silver Trust (PSLV) offers investors the opportunity to invest in physical silver, which represents a significant competitive advantage. The trust holds physical silver in secure vaults, strengthening the confidence of investors seeking protection against inflation and currency risks.

Another advantage of PSLV is the transparency and liquidity provided by its listing on the NYSE ARCA. Investors can easily buy and sell shares, offering greater flexibility compared to purchasing physical silver.

PSLV's competitive advantage also lies in its low management fees compared to other investment options in the precious metals sector. This makes the trust an attractive option for long-term investors looking to participate in the performance of silver without having to bear the physical storage costs and security risks themselves.

Institutional Investor Share: 45% (estimated, 2025)

Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in the Sprott Physical Silver Trust is estimated to be around 45%. This reflects the interest of institutional investors who want to invest in physically backed silver to hedge against market volatility.

In 2025, no significant insider buys or sells were reported. This could indicate that insiders perceive the current price level as fair or do not expect significant changes in the market environment.

Market share of Sprott Physical Silver Trust (PSLV): Estimated 10% (2025)

Main competitors and their market share:

1. iShares Silver Trust (SLV) - 35%
2. Aberdeen Standard Physical Silver Shares ETF (SIVR) - 20%
3. Global X Silver Miners ETF (SIL) - 15%
4. Invesco DB Silver Fund (DBS) - 12%
5. ETFS Physical Silver (PHAG) - 8%

Moat of Sprott Physical Silver Trust:

Sprott Physical Silver Trust (PSLV) offers investors the opportunity to invest in physical silver, providing a certain protection against market fluctuations. The main advantage of PSLV is the physical backing of silver, which can be attractive to investors who value actual ownership.

Compared to competitors, especially iShares Silver Trust (SLV) which has a larger market share, the moat of PSLV is less pronounced. SLV offers a similar physical backing but with broader market acceptance and liquidity.

Other competitors, like Aberdeen Standard Physical Silver Shares ETF (SIVR), also offer physical backing but with different fee structures and liquidity offerings. On the other hand, Global X Silver Miners ETF (SIL) and Invesco DB Silver Fund (DBS) provide investments in silver mines and derivatives, presenting a different risk structure.

Overall, PSLV has a certain advantage due to the physical backing, but the moat is less significant compared to larger and more liquid competitors like SLV. The market for silver ETFs is competitive, and differences often lie in fees, liquidity, and backing structure.

Silver Price Forecast: Expected growth of 5-7% annually (2025-2030)

Demand for Physical Silver: Increasing demand in the industry and among investors

The Sprott Physical Silver Trust (PSLV) offers investors the opportunity to invest in physical silver, which is considered a safe haven in times of economic uncertainty. The long-term outlook for silver is positive as industrial demand, especially from the electronics and solar industries, is expected to increase.

Furthermore, silver is seen as a valuable asset that can serve as a hedge against inflation. The rising demand from investors preferring physical precious metals could also increase the value of silver and thus the value of the trust.

Overall, the Sprott Physical Silver Trust could be an attractive investment for investors interested in the long-term prospects for silver and seeking a hedge against economic uncertainties.

Dividend payment: None

The Sprott Physical Silver Trust (ARCA:PSLV) does not pay any dividends. As a trust holding physical silver, its main purpose is to provide investors with the opportunity to invest in physical silver without having to buy and store it directly.

The distribution of dividends is uncommon for such commodity trusts, as they primarily aim for the appreciation of the underlying commodity. Investors mainly benefit from the price movement of silver itself.