Sprott Physical Silver Trust (PSLV) Equity Ratio (2016 - 2025)

Sprott Physical Silver Trust's Equity Ratio history runs 10 years deep, the most recent figure standing at 0.99 for Q4 2025.

• In Q4 2025, Equity Ratio fell 1.2% year-over-year to 0.99; the TTM figure through Dec 2025 stood at 0.99 (down 1.2% YoY), while the FY2025 annual figure was 0.99, down 1.2% from the prior year.
• Equity Ratio was 0.99 for Q4 2025 at Sprott Physical Silver Trust, down from 1.0 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 1.0 in Q4 2021 to a low of 0.99 in Q4 2025.
• Historically, Equity Ratio has averaged 1.0 across 5 years, with a median of 1.0 in 2023.
• The sharpest annual moves came in 2023 and 2025: Equity Ratio grew 0.18% in 2023, then dropped 1.2% in 2025.
• A 5-year view of Equity Ratio shows it stood at 1.0 in 2021, then decreased by 0.22% to 1.0 in 2022, then rose by 0.18% to 1.0 in 2023, then grew by 0.01% to 1.0 in 2024, then retreated by 1.2% to 0.99 in 2025.
• The last three Equity Ratio figures came in at 0.99 (Q4 2025), 1.0 (Q4 2024), and 1.0 (Q4 2023), per Business Quant data.