Fund Summary
This ETC tracks the spot price of physical silver (minus a fixed annual fee) — backed by real silver bullion held in vaults at J.P. Morgan Chase in London. This ETC could be a strong choice for investors looking to broaden the diversity of their portfolio, with a tangible, industrial commodity.
Avrg. annual returns (26/06/2020 - 26/06/2025)
+
12.89%
Fund
Invesco Physical Silver ETC (GBP)
Ticker
SLVP
Category
Commodities
Management charges
0.19%
Risk level
6 of 7
Region
Global
Currency
GBP
KIID
With investing, your capital is at risk. Past performance is not a reliable guide to current or future performance, and should not be the only thing you consider when selecting a fund.
About this fund

The metal behind modern industry

Overview

This ETC (Exchange Traded Commodity) offers investors direct exposure to the spot price of silver, with each unit backed by allocated physical bullion held in secure vaults. Silver is used in electronics, medicine and other industrial practices, and its price is influenced by demand in these areas. 

The ETC tracks the London Bullion Market Association (LBMA) Silver Price, adjusted for a small annual fee. If you’re looking for a commodity investment with real-world applications, and are comfortable with volatility, this Physical Silver ETC could be a good choice for you. indu

Sector exposure
Commodities

This ETC is a single asset product, so doesn’t necessarily offer the same market diversity as a fund with many different assets. The performance is driven purely by silver market dynamics, such as industrial demands, inflation trends, interest rates, and geopolitical risk. It is a hybrid asset, acting as an inflation hedge in certain environments, but prone to more volatility due to its ties to industrial demand. 

In a physically backed Exchange Traded Commodity (ETC), the issuer buys and stores the commodity, and each unit of the ETC corresponds to a specific amount of that physical asset. Investors benefit from daily liquidity, low costs, and exposure to commodity price movements, while avoiding storage, insurance, and security concerns themselves.

Managed by Invesco

HSBC Asset Management is part of the wider HSBC Group, boasting over 50 years experience and managing $600 billion (2024).

HSBC focuses on bringing investors a low-cost range of investment products, with particular strength in global equity and ESG offerings.

Managed by Invesco

iShares ETFs are managed by BlackRock, the world’s largest asset manager, with over three decades of experience in index investing. The team applies rigorous quantitative research and disciplined risk management to deliver diversified, cost-effective market exposure.

With a strong emphasis on transparency and innovation, iShares products are built to support efficient, long-term investment strategies. BlackRock’s global scale and local insights help navigate changing markets with confidence.

Managed by Invesco

Invesco is a global asset manager with over $1.4 trillion in assets (2024). They offer over 240 ETFs, covering equities, fixed income, commodities and thematics. 

Founded in 1935, Invesco brings 90 years of experience creating reliable, investor-first solutions.

Managed by Invesco

Vanguard has been providing investment solutions to everyday investors since the 1970s. Today, it manages $10 trillion for over 50 million investors worldwide (2024), sticking to a philosophy of low costs, transparency, and long-term thinking.

Managed by Invesco

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Managed by Invesco

WisdomTree is a global asset manager based in New York. With $116 billion under management (as of April 2025), they are a trusted provider of over 260 ETPs (Exchange Traded Products).

Their investment product philosophy seeks to use unique research to provide investors access to traditionally inaccessible asset classes.

Top holdings

Top companies in the Physical Silver

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Physical Gold

Avg. annual returns

26/06/2020 - 26/06/2025

+

11.33%

-

11.33%

Fund Provider

Invesco

Management Charges

0.20%

Risk level

Medium risk

4 of 7

Category

Commodities

Region

Global

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Physical Silver FAQ's

What is an ETC and how is it different from an ETF?

An ETC (Exchange-Traded Commodity) is similar to an ETF, but it invests in a single commodity like silver instead of a basket of stocks or bonds.

Is this a good way to start investing in silver?

Yes, for beginners, a silver ETC like this offers a simple, low-cost way to gain exposure to silver without the hassle of storage or security.

Do I actually own silver when I buy this ETC?

You don’t own the silver bars directly, but your investment is secured by real, physical silver held in a vault on behalf of all ETC investors.

Should I only invest in silver?

While silver can be a valuable part of your portfolio, it’s generally best used as a diversifier. 

A balanced portfolio typically includes a mix of equities, bonds, cash, and alternative assets like silver, helping you manage risk and benefit from different market conditions.

Should I only invest in silver?

While silver can be a valuable part of your portfolio, it’s generally best used as a diversifier. 

A balanced portfolio typically includes a mix of equities, bonds, cash, and alternative assets like silver, helping you manage risk and benefit from different market conditions.