The Sprott Silver Miners & Physical Silver ETF is an exchange-traded fund that tracks the Nasdaq Sprott Silver Miners Index, offering investors targeted exposure to the silver industry. It primarily invests in a portfolio of 30-50 companies engaged in silver mining, including producers, developers, explorers, and royalty/streaming firms, while allocating approximately 15-20% to physical silver through holdings like the Sprott Physical Silver Trust. Top holdings feature prominent names such as First Majestic Silver Corp., Endeavour Silver Corp., Americas Gold and Silver Corporation, Silvercorp Metals Inc., and Wheaton Precious Metals Corp., spanning diversified metals & mining, asset management, and precious metals sectors. Launched on January 14, 2025, and managed by Sprott, the ETF combines equity investments in silver-related activities with direct physical silver backing, providing a balanced approach to capturing silver market dynamics. With an expense ratio of 0.65% and around 66-71 holdings, it plays a key role in precious metals portfolios, enabling convenient access to silver miners' growth potential alongside the stability of physical bullion.