Top Silver ETFs/ETCs

The silver price

Like with gold, an investment in silver is easily done with listed products like ETFs or ETCs. These investment products track the spot silver price closely, after taking management fees into account. Silver has a significantly lower specific weight and features a lower cost per unit than gold. Therefore, an investment via an ETF or ETC, as opposed to owning the precious metal physically, is even more advantageous for silver.

For investors, however, silver is usually only the second choice. This is because silver is less scarce and used much more for industrial purposes, compared to gold. Therefore, the silver price is a lot more sensitive to economic fluctuations and the associated risk is considerably higher than for gold, at times even higher than for shares.

Besides exchange-traded products on silver in US dollar, there are currency-hedged products available as well. These products are also considered in our comparison. Currently, silver is tracked by 7 ETFs and/or ETCs.

0.19% p.a. - 0.75% p.a.
annual total expense ratio
track silver
48.13%
return in EUR in 2025 per 30.11.25
 
Silver-ETFs and Silver-ETCs

The difference between Silver ETFs and Silver ETCs

The diversification principles of the regulatory investment fund framework (UCITS) do not allow to launch a UCITS fund with only one constituent. Due to this fact, silver is mainly available as an exchange-traded commodity (ETC) in European countries. These products are certificates issued by a financial institution collateralised with physical silver. In contrast to the EU, Swiss regulation allows ETFs for single commodities like silver.

 

Cost of Silver ETFs/ETCs

The total expense ratio (TER) of Silver ETCs is between 0.19% p.a. and 0.75% p.a.. These costs contain insurance premium, storage costs and additional management fees for the product.

 

The best Silver ETF/ETC by 1-year fund return as of 30.11.25

All Silver ETFs/ETCs ranked by fund return

 

The largest Silver ETF/ETC by fund size in GBP

All Silver ETFs/ETCs ranked by fund size

 

The cheapest Silver ETF/ETC by total expense ratio

All Silver ETFs/ETCs ranked by total expense ratio

 
 

Silver ETFs/ETCs in comparison

The most important factors at a glance

Besides return, there are further important factors to consider when selecting a Silver ETF or ETC. In order to provide a sound decision basis, you find a list of all Silver ETFs/ETCs with details on size, cost, age, currency hedge, instrument type and collateral ranked by fund size.

Compare all Silver ETFs/ETCs in detail
Compare all Silver ETFs/ETCs in a chart

Provider
ISIN
  Fund size
in m GBP
TER
in %
Currency hedge Instrument type Replication method
iShares Physical Silver ETCIE00B4NCWG09 2,907 0.20% p.a. - ETC Physically backed
WisdomTree Physical SilverJE00B1VS3333 2,438 0.49% p.a. - ETC Physically backed
Invesco Physical SilverIE00B43VDT70 773 0.19% p.a. - ETC Physically backed
WisdomTree Core Physical SilverJE00BQRFDY49 549 0.19% p.a. - ETC Physically backed
Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 468 0.40% p.a. - ETC Physically backed
Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 318 0.75% p.a. Yes
(in EUR)
ETC Physically backed
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 258 0.20% p.a. - ETC Physically backed

Source: justETF.com; As of 12.12.25

 

Return comparison of all Silver ETFs/ETCs

The table shows the returns of all Silver ETFs/ETCs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best Silver ETF/ETC, you can also perform a chart comparison.

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Xtrackers Physical Silver EUR Hedged ETC 10.94% 39.04% 66.33% 78.57% 128.97%
Xtrackers IE Physical Silver ETC Securities 11.11% 41.35% 66.06% 68.36% 125.65%
WisdomTree Core Physical Silver 11.08% 41.33% 66.08% 68.35% -
iShares Physical Silver ETC 11.12% 41.35% 66.11% 68.34% 125.73%
Invesco Physical Silver 11.08% 41.32% 66.05% 68.28% 125.71%
Xtrackers Physical Silver ETC (EUR) 11.08% 41.26% 65.89% 67.99% 116.12%
WisdomTree Physical Silver 11.07% 41.18% 65.76% 67.85% 123.60%
ETF/ETC   2025
in %
2024
in %
2023
in %
2022
in %
2021
in %
Xtrackers Physical Silver EUR Hedged ETC 87.41% 12.75% -6.18% 5.31% -19.82%
WisdomTree Core Physical Silver 74.56% - - - -
Xtrackers IE Physical Silver ETC Securities 74.54% 23.05% -6.21% 16.02% -11.33%
Xtrackers Physical Silver ETC (EUR) 74.22% 22.80% -12.26% 9.04% 0.27%
Invesco Physical Silver 57.32% 23.06% -6.23% 16.18% -11.90%
iShares Physical Silver ETC 56.67% 23.09% -6.29% 16.12% -11.85%
WisdomTree Physical Silver 53.97% 22.68% -6.51% 15.68% -12.03%

Source: justETF.com; As of 30.11.25; Calculations in GBP including dividends