iShares Silver Trust (SLV)
Top ETFs · Silver · data since 2006-04-28 · last close 2026-09-09
iShares Silver Trust (SLV) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 17.1 | 12.7 | -19.8 | -2.2 | 2.5 | -21.8 | -2.1 | 14.8 | 1.0 | · | · | · |
| 2025 | 8.3 | -0.7 | 9.5 | -4.5 | 1.4 | 9.4 | 1.6 | 8.6 | 17.1 | 3.9 | 16.4 | 25.8 |
| 2024 | -4.0 | -0.9 | 9.7 | 5.7 | 15.4 | -4.3 | -0.7 | -0.1 | 7.8 | 4.9 | -6.3 | -5.7 |
| 2023 | -0.9 | -12.0 | 15.1 | 4.0 | -6.0 | -3.3 | 8.6 | -1.3 | -9.2 | 3.1 | 10.3 | -5.8 |
| 2022 | -3.3 | 8.8 | 1.1 | -8.0 | -5.7 | -6.0 | 0.3 | -11.3 | 5.5 | 0.7 | 15.9 | 7.8 |
| 2021 | 1.7 | -1.3 | -8.0 | 5.8 | 7.9 | -6.5 | -2.4 | -6.3 | -7.3 | 7.7 | -4.7 | 2.1 |
| 2020 | 0.8 | -7.7 | -16.0 | 7.1 | 19.2 | 2.1 | 33.2 | 15.8 | -17.5 | 1.6 | -4.3 | 16.7 |
| 2019 | 3.6 | -2.8 | -3.1 | -1.1 | -2.6 | 5.0 | 6.1 | 12.8 | -7.2 | 6.3 | -5.9 | 4.8 |
| 2018 | 2.3 | -5.4 | -0.3 | -0.2 | 0.5 | -2.0 | -3.6 | -6.6 | 0.6 | -2.3 | -0.7 | 9.0 |
| 2017 | 10.1 | 4.5 | -0.7 | -5.5 | 0.6 | -4.2 | 1.2 | 4.7 | -5.5 | 0.3 | -1.8 | 3.1 |
| 2016 | 3.0 | 4.5 | 3.4 | 15.7 | -10.5 | 17.6 | 8.3 | -8.4 | 2.7 | -6.8 | -7.7 | -3.5 |
| 2015 | 9.8 | -4.0 | 0.4 | -3.1 | 3.6 | -6.0 | -6.3 | -0.6 | -0.9 | 6.7 | -9.2 | -1.9 |
| 2014 | -1.4 | 10.3 | -6.4 | -3.0 | -2.1 | 12.0 | -3.3 | -4.4 | -12.6 | -5.2 | -4.3 | 1.6 |
| 2013 | 3.6 | -9.5 | -0.4 | -14.4 | -8.6 | -11.5 | 0.9 | 18.1 | -7.5 | 1.0 | -8.8 | -2.8 |
| 2012 | 19.8 | 3.9 | -6.5 | -4.0 | -10.5 | -1.1 | 1.8 | 13.5 | 8.7 | -6.6 | 3.5 | -9.2 |
| 2011 | -9.2 | 20.9 | 11.1 | 27.5 | -19.8 | -10.0 | 14.8 | 4.1 | -28.5 | 15.7 | -4.3 | -15.8 |
| 2010 | -3.9 | 1.1 | 6.7 | 6.5 | -1.3 | 1.0 | -3.5 | 7.7 | 12.6 | 13.4 | 13.5 | 10.0 |
| 2009 | 11.8 | 2.9 | -0.7 | -4.5 | 26.7 | -13.5 | 2.4 | 6.7 | 12.0 | -1.9 | 12.9 | -8.9 |
| 2008 | 14.4 | 16.9 | -13.4 | -1.9 | -0.3 | 3.5 | 1.6 | -23.7 | -11.4 | -19.2 | 6.8 | 9.5 |
| 2007 | 5.1 | 4.5 | -5.5 | -0.1 | 0.4 | -7.7 | 3.7 | -6.3 | 13.8 | 5.2 | -3.2 | 5.7 |
| 2006 | · | · | · | 0.0 | -8.6 | -11.8 | 2.5 | 13.1 | -11.3 | 7.1 | 13.9 | -7.9 |
| Avg | 4.4 | 2.3 | -1.2 | 0.9 | 0.1 | -2.8 | 3.1 | 2.4 | -1.8 | 1.8 | 1.6 | 1.7 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
SLV seasonality — average by calendar month
iShares Silver Trust has monthly history back to 2006. Its strongest month by median is August — positive in 11 of 21 years, median +4.1%. June is the soft spot, down in 14 of 21 with a median of -4.2%. Across its full record it has closed 51% of months higher, swings ±9.4% in an average month and has fallen 76.3% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +4.4% | +2.3% | -1.2% | +0.9% | +0.1% | -2.8% | +3.1% | +2.4% | -1.9% | +1.8% | +1.6% | +1.7% |
| Win rate | 70%/20 | 55%/20 | 40%/20 | 33%/21 | 48%/21 | 33%/21 | 67%/21 | 52%/21 | 45%/20 | 70%/20 | 40%/20 | 55%/20 |
Win rate = share of positive months / sample size.
SLV risk & extremes
SLV drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was iShares Silver Trust's best month?+
iShares Silver Trust's strongest completed month on record is July 2020, at +33.16%.
What was iShares Silver Trust's worst month?+
Its weakest completed month on record is September 2011, at -28.53%.
Is iShares Silver Trust up this year?+
iShares Silver Trust is down 5.74% year to date, measured from its last close before 1 January.
What is iShares Silver Trust's 1-year return?+
+63.31% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is iShares Silver Trust's biggest drawdown?+
The deepest peak-to-trough fall on record is 76.3%, measured on month-end closes since 2006.
Which calendar month is historically best for iShares Silver Trust?+
January has the highest average return across every completed January since 2006. An average is not a forecast.
About iShares Silver Trust
iShares Silver Trust is a silver business worth about $35 billion. Tracked here from its first session onward — every monthly, quarterly and weekly return on record since 2006, with no gaps filled in and nothing smoothed. And the long game: $100 at its first close here (2006) would be about $436 today.
Did you know?
- Its best month on record was July 2020 at +33.16%; its worst, September 2011 at -28.53%.
- It has closed January in the green 14 out of 20 times — not a promise, just a suspicious habit.
Trivia for entertainment — the numbers come from our price data; the jokes don't.