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 8 ETFs and/or ETCs.

0,19% p.a. - 0,75% p.a.
annual total expense ratio
track silver
37,59%
return in EUR in 2026 per 31/01/2026
 
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 31/01/2026

All Silver ETFs/ETCs ranked by fund return

 

The largest Silver ETF/ETC by fund size in EUR

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

ETF name
ISIN
  Fund size
in m EUR
TER
in %
Currency hedge Instrument type Replication method
iShares Physical Silver ETCIE00B4NCWG09 3.370 0,20% p.a. - ETC Fysiek gedekt
WisdomTree Physical SilverJE00B1VS3333 3.145 0,49% p.a. - ETC Fysiek gedekt
Invesco Physical SilverIE00B43VDT70 1.011 0,19% p.a. - ETC Fysiek gedekt
WisdomTree Core Physical SilverJE00BQRFDY49 812 0,19% p.a. - ETC Fysiek gedekt
Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 641 0,40% p.a. - ETC Fysiek gedekt
Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 396 0,75% p.a. Yes
(in EUR)
ETC Fysiek gedekt
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 311 0,20% p.a. - ETC Fysiek gedekt
Xtrackers IE Physical Silver EUR Hedged ETC SecuritiesDE000A2UDH55 102 0,73% p.a. Yes
(in EUR)
ETC Fysiek gedekt

Source: justETF.com; As of 14/02/2026

 

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 35,18% 108,81% 179,64% 215,19% 306,28%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 35,11% 108,64% 179,11% 213,75% 301,14%
iShares Physical Silver ETC 41,30% 104,21% 173,32% 184,15% 305,41%
WisdomTree Core Physical Silver 41,29% 104,21% 173,40% 184,11% -
Xtrackers IE Physical Silver ETC Securities 33,90% 104,22% 173,36% 184,07% 305,43%
Xtrackers Physical Silver ETC (EUR) 33,87% 104,10% 173,04% 183,55% 271,94%
WisdomTree Physical Silver 41,26% 104,06% 172,90% 183,38% 301,99%
Invesco Physical Silver 30,87% 89,16% 153,20% 163,22% 275,63%
ETF/ETC   2026
in %
2025
in %
2024
in %
2023
in %
2022
in %
iShares Physical Silver ETC 37,59% 119,73% 28,99% -4,32% 9,96%
Xtrackers Physical Silver EUR Hedged ETC 35,18% 154,34% 18,17% -4,26% -0,23%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 35,11% 153,19% 17,72% -4,64% -0,68%
Xtrackers IE Physical Silver ETC Securities 33,90% 131,86% 28,98% -4,30% 9,93%
Xtrackers Physical Silver ETC (EUR) 33,87% 131,42% 28,70% -10,45% 3,30%
WisdomTree Core Physical Silver 33,80% 119,82% - - -
Invesco Physical Silver 25,15% 119,75% 28,97% -4,27% 10,02%
WisdomTree Physical Silver 15,92% 119,09% 28,58% -4,57% 9,59%

Source: justETF.com; As of 31/01/2026; Calculations in EUR including dividends