
This ETF is designed to mirror the financial performance of an index consisting of company stocks from around the globe. These companies are chiefly involved in seeking out silver or mining various other metals.
Is SLVP's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Spot gold and silver prices were lower in late U.S. trading Friday, extending a week of heavy selling as renewed concerns about military escalation involving Iran pushed crude oil prices to multiyear highs and reinforced expectations for restrictive Federal Reserve monetary policy.

Precious metals remain under pressure amid rally in the oil markets.

Gold and silver face pressure from high oil prices and Fed rate hike risks, with gold testing $4,000 and silver vulnerable below $55.

I reiterate a Buy rating for iShares MSCI Global Silver and Metals Miners ETF below $34 per share in October 2026. SLVP underperformed silver futures during the parabolic rally but outperformed during the correction, signaling a potential price bottom for silver. SLVP's ETF grades show strong dividends (A+), solid liquidity (B+), but high volatility risk (D), marginally outperforming SIL and SILJ in ratings and expenses.

Silver futures settled down 4.6% in New York at $54.764 a troy ounce, its lowest close since November 2025 and 52% below the record high of $115.08 reached in January.