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.

• On a quarterly basis, Operating Expenses rose 180.4% year-over-year to $22.7 million in Q1 2026; TTM through Mar 2026 was $14.6 million, a 559.26% increase from a year earlier, with the FY2025 full-year figure at $0.08, up 33.33% from the prior year.
• Operating Expenses climbed to $22.7 million in Q1 2026 per PSLV's latest filing, from -$28.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $22.7 million in Q1 2026 and bottomed at -$28.0 million in Q4 2025.
• The 5-year median for Operating Expenses is $5.9 million (2024), against an average of $1.3 million.
• Across the five-year window, Operating Expenses plunged 37.33% in 2025 and jumped 180.4% in 2026, its largest moves.
• Year by year, Operating Expenses stood at -$15.6 million in 2022, then fell by 15.76% to -$18.1 million in 2023, then retreated by 12.8% to -$20.4 million in 2024, then tumbled by 37.33% to -$28.0 million in 2025, then jumped by 181.11% to $22.7 million in 2026.
• Per Business Quant, the three latest PSLV Operating Expenses figures stand at $22.7 million (Q1 2026), -$28.0 million (Q4 2025), and $11.0 million (Q3 2025).