---
ticker: "SLVX"
name: "Nicholas Silver Income ETF"
url: "https://etf.net/etf/SLVX"
grade: "F"
score: 13
graded_at: "2026-10-12"
category: "Precious Metals Miners"
category_rank: "17 of 18"
methodology: "https://etf.net/methodology"
---

# SLVX: Nicholas Silver Income ETF

Grade **F**, Score 13 of 100. Rank 17 of 18 in Precious Metals Miners.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 18 of 18 |
| Mission | Not scored | — |
| Risk | 15 | 17 of 17 |
| Tradability | 34 | 11 of 18 |
| Holdings | 15 | 18 of 18 |
| Durability | 27 | 14 of 18 |

## Top holdings

The fund holds 30 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SIVR | abrdn Physical Silver Shares ETF | 44.56% |
| 2 | SSREF | SSR Mining Inc | 7.03% |
| 3 | FSM | Fortuna Mining Corp | 5.62% |
| 4 | PAAS | Pan American Silver Corp | 5.37% |
| 5 | SVTRF | Silvercorp Metals Inc | 5.26% |
| 6 | FMCQF | First Majestic Silver Corp | 5.21% |
| 7 | WPM | Wheaton Precious Metals Corp | 5.21% |
| 8 | OR | OR Royalties Inc | 4.43% |
| 9 | HL | Hecla Mining Co | 4.25% |
| 10 | CDE | Coeur Mining Inc. | 4.20% |
| 11 | EXK | Endeavour Silver Corp | 4.15% |
| 12 | USAS | Americas Gold & Silver Corp | 3.18% |
| 13 | HYMC | Hycroft Mining Holding Corp | 2.93% |
| 14 | — | Cash & Other | 1.86% |
| 15 | — | First American Government Obligations Fund 12/01/2031 | 0.99% |
| 16 | — | Sivr Us 11/20/26 C63 | 0.56% |
| 17 | — | Hl Us 10/16/26 P17 | 0.10% |
| 18 | — | Hymc Us 10/16/26 P19 | 0.09% |
| 19 | — | Fsm Us 10/16/26 P10 | 0.09% |
| 20 | — | Usas Us 10/16/26 P4 | 0.07% |
| 21 | — | Sivr Us 10/16/26 C68 | 0.07% |
| 22 | — | Wheaton Put Opt 10/26 136 | 0.07% |
| 23 | — | Svm Us 10/16/26 P10 | 0.06% |
| 24 | — | AG Us 10/16/26 P16 | 0.05% |
| 25 | — | Ssrm Us 10/16/26 P35 | 0.05% |
| 26 | — | Cde Us 10/16/26 P16.5 | 0.04% |
| 27 | — | Ssrm Us 10/16/26 P33 | 0.03% |
| 28 | — | Exk Us 10/16/26 P7.5 | 0.02% |
| 29 | — | Paas Us 10/16/26 P43.5 | 0.02% |
| 30 | — | Or Us 10/16/26 P30 | <0.01% |

Source: etf.net, https://etf.net/etf/SLVX. Please cite the page URL.