Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) ("Endeavour") announces that it has now closed the sale of the El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. ("VanGold") for $15 million in cash and share payments plus up to $3 million in future contingent payments (all dollar amounts in US dollars unless otherwise noted) (the "Transaction").Read More >>
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Silver is a notoriously volatile metal capable of wide price swings in either direction. However, the metal is also seen by many as a safe-haven investment and a hedge against inflation.
While investing in silver bullion is one popular method for gaining exposure, silver-mining companies offer another route.
Silver-mining companies with strong balance sheets and experienced management teams are able to capitalize on high silver prices and weather the storm of low silver prices. Some of the most profitable silver-mining companies are even able to offer investors dividends, which may be appealing for those who are in it for the long haul.
Dividends are especially attractive in the often-unstable mining sector because they give investors a degree of security — if a company pays a dividend, it generally feels that it has the cash to do so and believes it will have the ongoing profits it needs to keep those payments coming.
There are several dividend-paying silver stocks for investors to choose from. The companies below are ordered by dividend yield, and all data is current as of June 19, 2025.
LSE market cap: GBP 10.66 billion
Dividend yield: 1.71 percent
Major miner Fresnillo bills itself as the world’s leading primary silver producer and a significant gold producer. Its precious metals operations are all located in Mexico, including the Fresnillo mine, which is the largest primary silver mine in the world. It also holds a portfolio of exploration prospects in the country and silver streaming contracts.
Fresnillo's attributable output from its mines for the full 2024 year came to 56.3 million ounces of silver and 610,646 ounces of gold. The company's reported mine production for the the first quarter of 2025 comes to 12.4 million ounces of silver and 156,100 ounces of gold.
Dividends from the company are paid in pounds sterling unless shareholders elect to be paid in US dollars. This silver stock pays two dividends per year, with the dividend split unevenly between the two; one third is paid in the interim dividend and two-thirds in the final dividend. Its dividend policy takes business profitability and underlying earnings growth into account, as well as capital requirements and cash flow.
Most recently, Fresnillo paid its 2024 final dividend of 19.6521 pence, or US$0.261, on May 30, 2025. Additionally, due to its 2024 financial performance, including revenue growth of 26.9 percent, the company paid a special one-off dividend of 31.4736 pence, or US$0.418 per share, the same day. This made 2024 Fresnillo's highest recorded dividend payout year yet.
TSX market cap: C$14.39 billion
NYSE market cap: US$10.55 billion
Dividend yield: 1.41 percent
Founded by Ross Beaty in 1994, Pan American Silver currently operates four primary silver mines, which are located in Mexico, Peru, Bolivia and Argentina. It also has a portfolio of gold mines produce silver as a by-product.
The company’s 2024 silver production came in at 21.1 million ounces alongside 892,000 ounces of gold. For Q1 this year, output reached a total of 5 million ounces of silver and 182,200 ounces of gold.
In May, Pan American announced a definitive agreement to acquire silver producer MAG Silver (TSX:MAG,NYSEAMERICAN:MAG), which owns a 44 percent interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo.
The highest dividend Pan American has ever paid is US$0.125 per share, and it was able to pay a dividend of that amount a noteworthy nine times in a row between March 18, 2013, and March 13, 2015. The silver stock paid its most recent quarterly dividend on June 2, 2025, at US$0.10 per share.
TSX market cap: C$56.63 billion
NYSE market cap: US$41.58 billion
Dividend yield: 0.71 percent
Wheaton Precious Metals is a well-known name in the silver space largely because of its business model — it is the world’s biggest precious metals streaming company.
Streaming companies operate differently from miners, making upfront payments to a variety of metals companies in order to gain the right to purchase all or a portion of their metal production at a low, fixed cost.
The company currently has streaming agreements in place for 18 operating mines and 28 development-stage projects. It is interested in companies operating in politically stable jurisdictions, and states that its value should rise with the price of silver and gold. As a result, Wheaton sees itself offering investors multiple benefits while reducing many of the downside risks that traditional miners face.
Wheaton pays a quarterly dividend. So far in 2025, it has already made two dividend payments of US$0.165 per share, with the latest payment on June 10, 2025.
TSX market cap: C$1.29 billion
NYSE market cap: US$950.85 million
Dividend yield: 0.59 percent
Silvercorp Metals operates the Gaocheng and Ying silver-mining operations in China, and is also focused on acquiring and growing underdeveloped projects with high upside.
Its silver production for its 2025 fiscal year ended March 31 came in at approximately 6.95 million ounces, and the company also produced 7,495 ounces of gold. The company's 2026 production guidance is set at 7.38 million to 7.6 million ounces of silver and 9,100 to 10,400 ounces of gold.
Silvercorp offers shareholders a semiannual dividend, which it states is “based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.” Its most recent dividend was paid on June 26, 2025, at a rate of US$0.0125 per share.
NYSE market cap: US$3.76 billion
Dividend yield: 0.59 percent
Last on this list of silver stocks that pay dividends is Hecla Mining Company, which wholly owns and operates four mines and has a large exploration portfolio. The oldest precious metals miner in North America, Hecla is also the largest primary silver producer in the US and Canada and the third largest in the world.
In the US, Hecla operates the Greens Creek and Lucky Friday silver mines, located in Alaska and Idaho respectively. As for Canada, Hecla has the Keno Hill silver mine in the Yukon's Keno Hill silver district, which is home to some of the world's highest silver grades, as well as the Casa Berardi gold-silver mine in Québec.
Hecla reported 2024 production of 16.2 million ounces of silver, the second highest in the company's history, and 142,000 ounces of gold. As for Q1 2025, the company produced 4.1 million ounces of silver and 34,242 ounces of gold.
Hecla pays an annual minimum common stock dividend, distributing it on a quarterly basis. Its dividends previously included a silver-linked component, but the company removed this in February 2025 in part to refocus the capital on growth opportunities.
Currently, the company's annual minimum common stock dividend is set at US$0.015 per share, divided into quarterly payments of US$0.00375. Its most recent payment was on June 10, 2025.
Hecla also pays a quarterly US$0.875 per share dividend for its Series B cumulative convertible preferred stock, which it states is typically paid on January 1, April 1, July 1 and October 1.
Dividend stocks regularly pay a sum of money to a class of shareholders out of the company's earnings. To qualify for a dividend payout, an investor must have owned the stock on the ex-dividend date.
Dividends are often issued as cash payments sent to a shareholder’s brokerage account, but can also be issued as stock or discounts on share purchases.
You can invest in dividend-paying stocks through a stock broker or stock platform, and a stock broker can offer advice on how to take advantage of companies offering dividend programs. Some dividend stocks may also offer a dividend reinvestment program, allowing shareholders to automatically buy new shares with their dividends, either commission-free or at a reduced cost.
A company's board of directors is responsible for setting a dividend policy and will determine the size of the dividend payout based on the firm's long-term revenue outlook.
The size of an individual shareholder's dividend payout depends on the number of shares owned in that company. For example, if an investor owned 1,000 shares of Wheaton Precious Metals, which is currently paying a dividend of US$0.165 per share, they would get US$165 every quarter, totaling US$660 annually.
There are no physical backed Silver ETFs with dividends. However, ETFs that track dividend-paying silver stocks such as those listed above may offer the potential for dividend income. A few examples of are Global X Silver Miners ETF (ARCA:SIL), and iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP).
This is an updated version of an article originally published by the Investing News Network in 2015.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that the Company has received firm commitments from institutional, sophisticated and professional investors for the placement of 437,500,000New Fully Paid Ordinary Shares (New Shares) at an issue price of A$0.024 per new share (post 12-for-1 consolidation) to raise gross proceeds of A$10.5 million (Placement). The Placement comprises two tranches:
Highlights
Proceeds from the Placement, together with existing cash, will be used to fund the acquisition ofthe Conrad and Webbs Silver Projects, currently owned by Silver Metal Group Limited (SMG) (for full details of the transaction refer ASX announcement of 22 May, 2025). Following completion of the acquisition, Rapid will own 100% of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW.
The opportunity exists to unlock the potential of the Projects rapidly, as neither have had any modern exploration or drilling done in the last decade. Exploration for new, parallel and blind structures can deliver new silver discoveries in the district.
Rapid will rapidly implement programs at Webbs Silver Project with a focus to expand and upgrade the existing JORC Mineral Resource Estimate with targeted geophysics, drilling and metallurgical studies beginning in June 2025.
Commenting on the success and level of interest in the Placement, Martin Holland, Rapid’s Managing Director, said:
“The Rapid team is pleased to have secured the funds which will be strategically used for the acquisition of the SMG silver projects in NSW. I would like to thank all existing and new shareholders who participated in the Placement for supporting the Board’s strategy.”
The Placement was strongly supported by new and existing shareholders, including Strata Investment Holdings Plc (Strata), the Company’s largest shareholder, whose participation is subject to shareholder approval to be sought at an EGM to be held in late August.
The Placement was conducted at a price of A$0.024 per New Share, which represents a:
All New Shares issued under the Placement will rank pari passu with the existing ordinary shares on issue in the capital of the Company.
Click here for the full ASX Release
This article includes content from Rapid Critical Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Hawthorn Resources Corp. (CSE: HWTN) ("Hawthorn" or the "Company") is pleased to announce that it has closed its previously announced subscription receipt (the "Subscription Receipts") offering (the "Offering").
Under the Offering, the Company issued an aggregate of 14,807,315 Subscription Receipts at a price of $0.27 per Subscription Receipt for aggregate proceeds of $3,997,975.05 (the "Subscription Proceeds").
Each Subscription Receipt, upon the satisfaction of certain conditions (the "Escrow Release Conditions") related to the Company's previously announced proposed acquisition of Stampede Metals Corporation (the "Acquisition") on or before the escrow release deadline of July 31, 2025 or such later date as the escrow agent and the Company agree (the "Escrow Release Deadline"), will be automatically converted, without payment of any additional consideration and without any further action on the part of the holder thereof, into a unit (a "Unit"), comprised of one post 1:0.75 consolidation (the "Consolidation") common share of the Company and one-half of one share purchase warrant. Each whole warrant will be exercisable to acquire a post-Consolidation common share at a price of $0.40 per share until December 23, 2026, subject to acceleration in the event that the post-Consolidated common shares of the Company trade at or above $0.60 for ten consecutive trading days. If the Escrow Release Conditions are not met by the Escrow Release Deadline, the aggregate Subscription Proceeds will be returned to subscribers without deduction.
President Ralph Shearing, P.Geol. of Hawthorn Resources, commented: "With nearly $4 million in financing received, upon completion of our acquisition of the Prince Silver Project, Hawthorn is fully funded to execute on our 2025 exploration priorities. We're excited to advance the Prince Silver Project — a near-surface CRD deposit with historic production, strong silver-gold-zinc-manganese mineralization identified in over 129 historic drill holes with excellent exploration expansion potential.
In connection with the Offering, upon conversion of the Subscription Receipts into the underlying Units, the Company will pay finders fees of $98,309.98 to eligible registrants assisting in the Offering and issue an aggregate of 420,111 broker warrants (each, a "Broker Warrant"), with each Broker Warrant entitling the holder to acquire one post-Consolidated common share of the Company at a price of $0.40 per share for until December 23, 2026.
All securities issued under Acquisition and in the Offering will have a hold period of four months and one day pursuant to applicable securities laws and CSE policy. In accordance with CSE policies, the Company has obtained written shareholder approval for the issuance of the aggregate post-Consolidated common shares to be issued pursuant to the Acquisition and the Offering.
Completion of the proposed Acquisition is subject to a number of conditions, including, but not limited to, completion of the concurrent financing, satisfaction by the parties of all applicable filing requirements pursuant to the policies of the Canadian Securities Exchange (the "CSE"), and acceptance and receipt of all applicable regulatory, corporate and shareholder approvals.
About Hawthorn Resources Corp.
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors,
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the Initial Private Placement, appointments of directors and officers of the Company and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.
All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.
US President Donald Trump wasn't pleased, calling Powell "too late" in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position "very soon."
Of course, Fed meetings are never just about rate decisions — experts often look to Powell's post-meeting commentary to read between the lines of what's said (and not said).
Tariffs were definitely in focus this time around, with Powell emphasizing that it's still soon to tell how much of an impact they will have and how the Fed should react.
"We have to learn more about tariffs. I don’t know what the right way for us to react will be. I think it’s hard to know with any confidence how we should react until we see the size of the effects" — Jerome Powell, US Federal Reserve
Chris Temple of the National Investor, who offered another perspective on Powell's comments.
He noted that while Powell didn't say the Fed is going to abandon its 2 percent inflation target, it may be leaning in that direction. This is what he said:
The consensus still — although it was extremely close — is barely still for two 25 basis point rate cuts in the balance of 2025. Whether we get them or not, who knows, (but) that's the current snapshot, which may well change. But that's against a backdrop of admitting for the second SEP, summary of economic projections ... in a row that inflation is going to continue to move back higher — that we've seen the best numbers for inflation — at the same time that GDP slows a bit.
So okay, you just told us that your favored inflation number, which is a lot of smoke and mirrors to begin with, is going to go back up to north of 3 percent, which is what they said yesterday. And yet you still — the consensus is you're going to lower interest rates twice in 2025? So he did everything but come right out and admit that the 2 percent inflation target isn't going to be reached.
Stay tuned to our YouTube channel for the full interview with Temple.
Gold has stolen the precious metals spotlight in 2025, but this month silver is shining.
The white metal has been on the rise since the beginning of June, and this week it broke the US$37 per ounce mark for the first time in 13 years.
While silver is known to lag behind gold before playing catch up, it's also known for its volatility. Its move has created excitement, but market participants are also wary of a correction.
When asked what factors are driving silver, Peter Krauth of Silver Stock Investor he said he sees a "perfect storm" emerging. Here's how he explained it:
You've got the macroeconomic picture that is I think certainly bullish for silver, like it is for gold and a lot of the other commodities. But I think at the same time you've got the market kind of coming to terms with the fact that silver is in a deficit, (and) it's unlikely to be able to rectify that deficit for several years — in fact, the Silver Institute thinks we're going to see record deficits at some point over the next five years.
And silver supply is unable to grow. We saw a peak 10 years ago in mined silver, and overall silver supply is essentially flat.
So flat supply, growing demand — demand that's nearly 20 percent above supply — and our ability to meet those deficits is shrinking because we're tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is the equivalent of an entire year's mine supply. So it's the perfect storm, it's really all coming together. And I think that the market's realizing that.
But does that necessarily mean silver is ready for a big breakout? Krauth has a target of US$40 by the end of 2025, but said silver could potentially go 10 percent above that.
For his part, Jeffrey Christian of CPM Group attributes the silver price boost to increased demand from investors, especially when it comes to exchange-traded funds and wholesale products.
He's projecting a bumpier path forward for the metal:
You also have — the last time I looked it was like 490 million ounces of open interest in the July Comex futures contract. And that's two weeks from first delivery. So most of the people (who) have those shorts - those are hedges of their physical inventories. They keep those hedges in place, but they roll them forward. So they'll be buying back their Julys and selling September futures to keep that hedge in place with the next active futures contract. That buying back of the Julys could push silver prices higher.
So if you really want to talk granular prices, we wouldn't be surprised to see the price of silver fall to US$33, US$34 an ounce, and go up to US$40 an ounce and then back to US$33 an ounce over the next four weeks.
Click the links above to watch the interviews with Krauth and Christian.
The uranium spot price made moves this week after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) announced a US$100 million bought-deal financing on Monday (June 16).
It was bumped up to US$200 million the same day due to strong demand.
Spot uranium has been in a consolidation phase since hitting triple-digit levels in early 2024, creating frustration among those who are waiting for the industry's strong long-term fundamentals to be better expressed. This week's move past US$75 per pound has helped reinvigorate investors.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
And don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Hawthorn Resources Corp. (CSE: HWTN) (OTC Pink: HAWWF) ("Hawthorn" or the "Company") is pleased to announce that, in connection with the recently executed agreement for the acquisition of Stampede Metals Corporation (the "Stampede Acquisition") owner of the Nevada located Prince Silver Project and Stampede Gap Project and previously announced consolidation (the "Consolidation"), the Company will change its name to Prince Silver Corp. (the "Name Change").
The Name Change and Consolidation are expected to take effect within the coming weeks. Upon completion, prior to giving effect to the Stampede Acquisition, the Company will have approximately 16,054,125 shares outstanding and will begin trading under its new name with a new CSE ticker symbol to be disclosed upon acceptance by the CSE.
"Rebranding as Prince Silver Corp. marks a transformative step as we align our corporate identity with the Prince Silver Project, a large-scale silver asset located in one of the world's premier mining jurisdictions," stated Ralph Shearing, P.Geo., President of the Company. "With an impressive previously disclosed Exploration Target and silver prices reaching multi-year highs, we believe this is a great opportunity to unlock significant value for our shareholders."
Fully Subscribed Private Placement
Hawthorn is pleased to report that the private placement of subscription receipts as previously disclosed has been fully subscribed to approximately $4 million (rounded), the maximum raise agreed to within the Stampede Acquisition Agreement. Closing of the private placement subscription receipts is expected to occur within the coming days.
Majority Shareholder Consent Obtained
The Company has obtained shareholder consent letters from shareholders representing over 55% of the issued and outstanding shares of Hawthorn approving the Stampede Acquisition transaction.
Corporate Strategy
The Company's corporate focus is centered on advancing the Prince Silver Project in Nevada, guided by the following strategic pillars:
The Company will provide further updates on exploration plans and key milestones in the coming weeks.
About Hawthorn Resources
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
On Behalf of the Board of Directors
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the proposed financing, proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
Investors looking for exposure to the silver price and silver-mining companies should consider silver exchange-traded funds (ETFs).
Spurred by moves in the gold market, safe-haven buying as well as increasing demand from industrial sectors, silver saw strong price movements in the first half of 2025, breaching US$37 per ounce for the first time since 2011.
While silver has often been seen as a more approachable precious metal owing to its lower per ounce price, its performance has lagged gains seen in the gold price over the past few years. However, silver stole some of the spotlight in the second quarter of 2025 as it saw significant gains on the back of geopolitical tension and economic uncertainty from the US trade and tariff policy.
Like gold, investors can gain exposure to silver in several ways that each offer their own pros and cons, along with differing costs and risks. For example, investors can purchase physical silver bars or coins, or invest in silver futures.
Another way for investors to diversify their portfolio with silver is to invest ETFs. These products work similarly to mutual funds in that they pool investor resources into an asset. However, as their name suggests, ETFs are traded on exchanges like stocks, making them more accessible to investors.
While ETFs aren’t without risk, they can offer a more stable investment compared to individual stocks thanks to their diversification and the fact that they are often managed and rebalanced.
Silver ETFs come in several forms, such as ones that hold physical silver and ones that hold silver mining, royalty and exploration stocks. Investors looking to start trading silver ETFs should be aware of the options available to them to determine which silver ETF will best suit their precious metals investing needs and risk tolerance.
Here's a brief look at 10 of the top silver ETFs by total assets. The first five ETFs offer exposure to the price of silver, while the last five provide exposure to silver-mining stocks.
Assets and prices for these silver ETFs were collected on June 17, using data from the funds' web pages, and performance data is accurate for the end of Q1 2025.
Total assets: US$17.21 billion
Unit price: US$33.06
The iShares Silver Trust provides investors with access to the silver price performance, using the London Bullion Market Association silver price as its benchmark.
As the iShares Silver Trust’s web page warns, it is not an investment company registered under the Investment Company Act of 1940, or a commodity pool under the Commodity Exchange Act. Because of this, it is not subject to the regulatory requirements that apply to mutual funds or ETFs.
This trust holds 471 million ounces silver bullion and has a five year average annual total return of 18.99 percent.
Total assets: US$7.12 billion
Unit price: US$12.84
The The Sprott Physical Silver Trust is an option for investors looking for the security of physical silver without the need to find secure storage.
The ETF is backed by 191.12 million ounces of silver held in trust in fully allocated London Good Delivery silver bars. Additionally, the ETF is fully convertible into physical silver, should investors decide they want the precious metal on hand. However, the fund states that holders "must have enough units to equate to ten 1000 oz silver bars."
The average annual five-year return based on net asset value for the Sprott Physical Silver Trust is 11.67 percent.
Total assets: US$1.92 billion
Unit price: US$34.68
The Aberdeen Standard Physical Silver Shares ETF's investment objective is for its shares to reflect the performance of the silver price less the expenses of the trust's operations. It has an expense ratio of 0.3 percent.
This ETF comes with the same warnings as the iShares Silver Trust.
The fund is backed with 45.51 million ounces of silver held with JPMorgan Chase Bank in London in a secured vault. Its five year average annual return comes in at 13.12 percent based on net asset value.
Total assets: US$717.99 million
Unit price: US$48.69
Set up in December 2008 by ProShares, the ProShares Ultra Silver ETF was designed to offer daily investment results that correspond with twice the daily performance of the Bloomberg Silver Subindex. Because of this, the ETF is aimed at investors who are bullish on silver and able to monitor their investments on a daily basis.
The fund uses derivatives such as futures contracts to invest in silver and has an expense ratio of 0.95 percent.
While designed for short-term investment, the ETF's average annual five year return based on net asset value stands at 19.98 percent. Investors looking for a more accurate picture of its day-to-day performance can find a chart on the fund's page.
Total assets: US$32.87 million
Unit price: US$25.30
Alongside the creation of the ProShares Ultra Silver ETF in late 2008, ProShares launched its ProShares UltraShort Silver ETF. This fund was designed to provide investors with a hedge against declines in the silver market.
It also has an expense ratio of 0.95 percent.
Because the fund is built around providing results at a negative two times daily performance of the Bloomberg Silver Subindex, it is meant for traders who have a high capacity for risk and who are willing to monitor their positions on a daily basis. The fund should be treated in the same way as the Ultra Silver ETF.
This high-volatility fund has an average annual total return of -44.93 percent based on net asset value over the previous five year period. However, as the fund is only meant to be held for very short intervals, this metric is less useful than for other funds. A more accurate picture of its day-to-day performance can be found on the fund's page.
Total assets: US$1.97 billion
Unit price: US$48.66
The Global X Silver Miners ETF gives investors access to a basket of silver-mining and royalty stocks. The ETF benefits from the fact that these companies can climb when the silver price is rising. It also allows investors to avoid the risks associated with individual companies and lets them add geographical diversity to their portfolios.
This ETF has an expense ratio of 0.65 percent, and its top holdings include streaming company Wheaton Precious Metals (TSX:WPM,NYSE:WPM) at a weight of 21.22 percent, Pan American Silver (TSX:PAAS,NYSE:PAAS) at a weight of 12.98 percent and OR Royalties (TSX:OR,NYSE:OR) at 6.1 percent.
The five year average annualized total return for the fund is 11.75 percent.
Total assets: US$1.42 billion
Unit price: US$14.97
The Amplify Prime Junior Silver ETF bills itself as the "first and only ETF to target small cap silver miners." The index provides a benchmark for investors to track public small-cap companies in the silver space.
The ETF has an expense ratio of 0.69 percent and its holdings span Canada, the US and the UK, with key silver companies such as Coeur Mining (NYSE:CDE) at 13.22 percent, First Majestic Silver (TSX:AG,NYSE:AG) at a weight of 10.61 percent and Hecla Mining Company (NYSE:HL) at 8.34 percent.
Over the last five years, the fund's average annualized total return based on net asset value is 3.99 percent.
Total assets: US$314.25 million
Unit price: US$17.96
The iShares MSCI Global Silver and Metals Miners ETF tracks an index composed of global equities of companies primarily engaged in silver exploration or metals mining.
The ETF has the lowest expense ratio of the three ETFs focused on silver stocks at 0.39 percent.
The large majority of companies in its holdings, about 69 percent, are traded on Canadian exchanges, and companies on US and Mexican exchanges combine for 27 percent.
The top three holdings for the iShares MSCI Global Silver Miners ETF are Pan American Silver at a weight of 22.98 percent, Industrias Peñoles (BMV:PE&OLES) with a weight of 12.6 percent and Hecla Mining at 8.74 percent.
The fund's total return over the last five year period is 16.2 percent.
Total assets: US$99.9 million
Unit price: US$30.83
Unlike the other silver-mining ETFs on the list, the Sprott Silver Miners & Physical Silver Fund includes a combination of physical silver holdings as well as equities. The fund launched in January 2025, making it one of the newest entries to the list. Its management fee is 0.65 percent.
This ETF's top holding is its counterpart Sprott Physical Silver Trust, which provides investors exposure to physical silver, at a 15.26 percent weight. Its next-largest holdings are MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) at 13.64 percent and Aya Gold & Silver (TSX:AYA,OTCQX:AYASF) at 7.61 percent.
Since its inception in January 2025, the fund has a total return of 24.98 percent.
Established in February 2025, the Sprott Active Gold and Silver Miners ETF is designed to provide investors broad access to both gold and silver equities. Additionally, as an active fund, it will see more frequent rebalancing to increase the potential of better returns for investors. Its management fee is 0.89 percent.
The fund's top holdings consist of Coeur Mining weighted at 5.13 percent, OR Royalties at 5 percent and Torex Gold Resources (TSX:TXG,OTCQX:TORXF) a at 4.82 percent.
Since its inception in February, the fund has seen a total return of 27.13 percent.
This is an updated version of an article originally published by the Investing News Network in 2014.
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Securities Disclosure: I, Dean Belder, hold an investment in Sprott Active Gold and Silver Miners ETF.