Performance data is updated to 31 May 2026.
Silver Miners ETF (SLVM) — Review & Analysis
SLVM tracks the Solactive Global Silver Miners Total Return Index — a basket of global silver mining companies including Wheaton Precious Metals, Pan American Silver and Hecla Mining. AUM is $47.37 million with a 0.65% p.a. fee. Compare SLVM against ETPMAG (physical silver) on our commodities and resources ETF page.
Silver miners offer operational leverage to the silver price — like gold miners versus gold bullion, miners typically swing 2-3x as much as the underlying metal in both directions.
SLVM is the only ASX-listed silver miner ETF, so the choice for investors is silver miners (SLVM) or physical silver (ETPMAG). Many investors hold both in a ratio — physical for stability, miners for return amplification.
Silver and silver miners are significantly more volatile than gold equivalents. The fund is unhedged. Our gold and precious metal ETF options guide covers how silver fits in the broader precious metals landscape.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| WHEATON PRECIOUS | 22.07% |
| PAN AMER SILVER | 12.81% |
| COEUR MINING INC | 10.75% |
| INDUSTRIAS PENOL | 5.07% |
| FRESNILLO PLC | 4.77% |
| FIRST MAJESTIC S | 4.69% |
| HECLA MINING CO | 4.49% |
| OR ROYALTIES INC | 4.38% |
| BUENAVENTURA-ADR | 3.86% |
| SSR MINING INC | 3.72% |
| Sector | % assets |
|---|---|
| Materials | 99.9% |
Related Reads
Commodity & Resource ETFs on the ASX: Every Way to Access Gold, Silver, Copper, Uranium, and More
There are 28 commodity and resource ETFs listed on the ASX, collectively managing $21.6 billion in assets. They span five broad categories: Precious Metals, Australian Resources, Specialty & Transition Metals, Uranium & Energy, and Soft Commodities.
Comparing Gold & Precious Metal ETF Options on the ASX: A 2026 Guide for Australian Investors
Gold and precious metals have been shining stars in portfolios amid 2026's volatile markets. With geopolitical tensions, inflation concerns, and a booming commodity cycle, many Aussies are turning to ETFs for easy, low-cost exposure. But with over a dozen gold-focused options on the ASX, which one fits your strategy?
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| GOLD | Global X Physical Gold | +22.27% |
| PMGOLD | Perth Mint Gold | +22.50% |
| ETPMAG | Physical Silver | +103.79% |
| GDX | VanEck Gold Miners ETF | +60.85% |
| QAU | Gold Bullion Currency Hedged ETF | +34.36% |
Disclaimer
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Last updated: January 2026
