Sprott Physical Silver Trust (PSLV) Operating Expenses (2011 - 2026)

Sprott Physical Silver Trust's Operating Expenses history runs 16 years deep, the most recent figure standing at $22.7 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 180.4% year-over-year to $22.7 million; the TTM figure through Mar 2026 stood at $58.4 million (up 89.36% YoY), while the FY2025 annual figure was $43.8 million, up 52.93% from the prior year.
• Operating Expenses was $22.7 million for Q1 2026 at Sprott Physical Silver Trust, up from $15.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $22.7 million in Q1 2026 to a low of $4.6 million in Q3 2022.
• Historically, Operating Expenses has averaged $8.2 million across 5 years, with a median of $6.2 million in 2023.
• The sharpest annual moves came in 2022 and 2026: Operating Expenses dropped 24.92% in 2022, then surged 180.4% in 2026.
• A 5-year view of Operating Expenses shows it stood at $4.8 million in 2022, then soared by 30.06% to $6.2 million in 2023, then surged by 31.95% to $8.2 million in 2024, then soared by 91.72% to $15.7 million in 2025, then soared by 44.46% to $22.7 million in 2026.
• The last three Operating Expenses figures came in at $22.7 million (Q1 2026), $15.7 million (Q4 2025), and $11.0 million (Q3 2025), per Business Quant data.