SLV vs YSAG

SLVBiShares Silver Trust

YSAGCTexas Precious Metals Trust Y'all Street Physical Silver ETF

In short

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.

YSAG —No data

Stated mandate

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.

YSAG —No data

Why people hold it

• 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.

YSAG —No data

Worth knowing

• 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.

YSAG —No data

Full SLV profile⁠

Full YSAG profile⁠