PALL vs SIVR

PALLCabrdn Physical Palladium Shares ETF

SIVRAabrdn Physical Silver Shares ETF

In short

PALL Palladium bars, not palladium futures. Running since 2010, this abrdn trust aims to reflect the price of physical palladium after expenses: one metal, one price, no roll schedule to babysit.

SIVR Silver bullion in a vault, wrapped in a ticker. SIVR has done that one job since 2009 at 0.30% a year, half the going rate for physical metal funds, and fee is most of the tracking gap here.

Stated mandate

PALL The Trust's objective is for its Shares to reflect the price performance of physical palladium, after deducting Trust expenses.

SIVR The Trust seeks to track the price of physical silver, after deducting its expenses.

Why people hold it

• PALL One job, stated plainly: shares reflect the price of physical palladium after trust expenses. No futures ladder, no index committee, no tracking basket to decode.
• Trading since 2010 and an actively traded name in its physical-commodity group, so getting a position on or off is usually straightforward.
• Part of abrdn's physical metals shelf alongside silver (SIVR), platinum (PPLT) and the GLTR precious-metals basket, so shifting metals keeps you in one familiar structure.

• SIVR 0.30% a year, versus a 0.60% median across physical metal funds and 0.50% at the biggest silver trust, SLV. When the mandate is just holding metal, cost is the differentiator.
• The mandate is one sentence: track the price of physical silver after expenses. Real metal, not futures contracts, swaps, or miner stocks standing in for the metal.
• A multi-billion-dollar trust that trades actively, so entering and exiting is usually a routine order rather than a hunt for the other side.
• Running since 2009 and rated among the strongest implementations in the physical commodity group, on both cost and how closely it delivers its stated mandate.

Worth knowing

• PALL The 0.60% expense ratio is the median for physically backed metal trusts, not a bargain. SIVR charges 0.30%, SLV and PLTM 0.50%, though those hold different metals.
• Nothing gets paid out. The whole result is the metal's price minus the trust's expenses, so there's no income to soften a flat stretch.
• One metal, one mood. This sits among the more volatile members of its physical-metals group, with no basket alongside it to smooth a rough palladium run.

• SIVR One metal, one price. Silver moves hard in both directions and there is no diversification inside the trust to soften it.
• Bullion generates no cash flow, so this is a price-only holding rather than an income one.
• It is a commodity trust, not a registered 1940 Act fund, so the legal protections and tax treatment differ from a standard stock or bond ETF.

Full PALL profile⁠

Full SIVR profile⁠