PALL vs SLV

PALLCabrdn Physical Palladium Shares ETF

SLVBiShares Silver Trust

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.

SLV Silver, unbundled: real bars sitting with a custodian, a share price that shadows the LBMA Silver Price less a 0.50% fee. Trading since 2006 and one of the busiest commodity funds on the tape, it's the default way people put silver in a brokerage account.

Stated mandate

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

SLV The Trust seeks to reflect the performance of silver prices before its expenses and liabilities. Its assets consist primarily of silver held by a custodian.

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.

• SLV The deep end of the silver pool: running since 2006, a multi-billion-dollar trust, and very actively traded, which is what keeps spreads tight and the options market busy.
• Metal, not machinery. Assets are physical silver held by a custodian and priced off the LBMA Silver Price. No futures roll, no miner earnings, no swap counterparty.sec.gov
• 0.50% a year, under the typical physical-metal trust, and the design is about as plain as it gets: bullion price minus expenses, tracked closely.

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.

• SLV SIVR runs the same physical-silver idea for 0.30%. The extra fee here buys size and trading depth, not different metal.
• No income. Bullion pays nothing, and the trustee sells silver to cover expenses, so the metal behind each share slowly shrinks.sec.gov
• One metal, one price. Nothing inside the trust cushions a silver drawdown, and silver is a jumpy market by nature.

Full PALL profile⁠

Full SLV profile⁠