PLTM vs SIVR

PLTMBGraniteShares Platinum Trust

SIVRAabrdn Physical Silver Shares ETF

In short

PLTM Platinum, in a vault, sliced into shares. PLTM holds allocated bullion and charges 0.50% a year, undercutting the older platinum trust on fee, which is most of what separates two funds holding the same metal.

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

PLTM The Trust seeks to reflect the price of platinum, less its expenses, through allocated physical platinum bullion.

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

Why people hold it

• PLTM At 0.50% a year it is the cheaper of the two US physical platinum trusts, and it sits under the median fee for physical commodity funds.
• Allocated bars, not futures contracts: no roll calendar, no contango math, just platinum held for the trust.graniteshares.com
• Simple mandate kept tightly since its 2018 launch: the platinum price less expenses, and one of the closer trackers among physical metal funds.

• 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

• PLTM One metal, one line of exposure. Platinum moves in its own lane and can swing hard, with nothing else inside the fund to cushion it.
• No income here. Expenses are met out of the metal, so each share represents a slightly smaller slice of platinum as the years pass.
• Volume is moderate rather than mega-trust deep, so spreads and limit orders matter more when you trade in size.

• 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 PLTM profile⁠

Full SIVR profile⁠