iShares Sliver Trust (SLV) once reigned supreme as the only noteworthy exchange-traded silver trust, but a new challenger has arrived: The Sprott Physical Silver Trust (PSLV). Championed by the growing subreddit dedicated to silver investing, Wallstreetsilver (sound familiar?), PSLV has experienced an explosion of Mention volume and trading volume since the failed silver squeeze in February of 2021. Investment chatter relating to the Sprott Silver Trust has risen +1670% YoY on a 30-day Moving Average.
In terms of Assets under Management (AUM) and Daily trading volume, PSLV is roughly 1/4 of the size of the iShares trust, but at the current pace we could see the gap continue to close between the two investment vehicles.