# iShares Silver Trust (SLV)

> Source: Nexqual · https://nexqual.com/SLV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, iShares Silver Trust (SLV), nexqual.com/SLV" · informational, not investment advice.

**Price:** USD 49.34 (-5.59% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 52.26 · day 49.2–50.33 · 52w 41.7–109.83 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +11.7% vs S&P 500 +14.9%; 5Y +118.9% vs S&P 500 +80.3%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$71.2M | -$56.4M | -$53.6M | -$63.3M | -$95.5M | — |
| Net income | -$2.11B | -$18.0M | -$129M | $2.17B | $21.3B | $11.9B |
| Cash + short-term investments | $0K | $0K | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +11.7% | +118.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.7% | +16.9% |
| Volatility (annualized) | 65.7% | 35.0% |
| Max drawdown | -53.3% (Jan 2026→Oct 2026) | -46.9% (Jan 2026→Oct 2026) |

## Peers
GLD (SPDR Gold Shares) USD 369 -2.63% · GDX (VanEck Gold Miners ETF) USD 81.69 -5.80% · USO (United States Oil Fund) USD 162.51 +1.70% · IAU (iShares Gold Trust Shares) USD 75.66 -2.64% · XLE (State Street Energy Select Sect) USD 67.57 -0.87%

## More
Full page: https://nexqual.com/SLV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SLV's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1330568/000143774926006059/slv20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | BlackRock, Inc. (BLK) | "BlackRock aims to inform and continuously improve its cybersecurity program through engagement with regulatory, client, insurer, vendor, partner, peer, government and industry organizations and associations, as well as e…" |