Sprott Physical Silver Trust (PSLV) Operating Expenses (2011 - 2026)
Sprott Physical Silver Trust (PSLV) reported Operating Expenses of $20.81 million for the quarter ended Jun 30, 2026, up 132.0% from $8.97 million a year earlier.
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Analysis
Sprott Physical Silver Trust (PSLV) Operating Expenses (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Sprott Physical Silver Trust's Operating Expenses came in at $31.76 million, up 669.0% year-over-year; for the year ended Dec 31, 2025, it came in at $80.00, up 33.3% from the prior year.
- Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 9.9% (years ended Dec 2020 to Dec 2025).
- By year, Operating Expenses came in at $60.00 in the year ended Dec 31, 2024 (+20.0%), $50.00 in the year ended Dec 31, 2023 (+25.0%), $40.00 in the year ended Dec 31, 2022 (-33.3%) and $60.00 in the year ended Dec 31, 2021 (+20.0%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Operating Expenses in data going back to the quarter ended Mar 31, 2011.
- The high point for year-over-year Operating Expenses in five years was the quarter ended Jun 30, 2026 (growth of 132.0%); the low point was the quarter ended Sep 30, 2022 (a decline of 17.3%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -$40.00 (quarter ended Mar 31, 2026), $130.00 (quarter ended Dec 31, 2025) and $10.95 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 219.44 Bn | -2,080.43 Bn | 24.75 Bn | 14.22 Bn |
| 2 | Bhp | 215.50 Bn | 159.30 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.31 Bn | -320.91 Bn | - | 3.98 Bn |
| 4 | Nokia | 59.49 Bn | 59.49 Bn | 2.58 Bn | -2.56 Bn |
| 5 | Haleon | 40.60 Bn | 33.79 Bn | - | - |
| 6 | Gold Fields | 32.92 Bn | 29.72 Bn | - | - |
| 7 | Sprott Physical Gold Trust | 14.95 Bn | 14.82 Bn | - | 16.42 Mn |
| 8 | Sprott Physical Silver Trust | 12.17 Bn | 11.84 Bn | - | 20.81 Mn |
| 9 | Magnum Ice Cream | 11.35 Bn | 10.03 Bn | - | - |
| 10 | Sprott Physical Gold & Silver Trust | 8.00 Bn | 7.94 Bn | - | 11.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.81 Mn |
| Mar 31, 2026 | -40.00 |
| Dec 31, 2025 | 130.00 |
| Sep 30, 2025 | 10.95 Mn |
| Jun 30, 2025 | 8.97 Mn |
| Mar 31, 2025 | 8.11 Mn |
| Dec 31, 2024 | -20.41 Mn |
| Sep 30, 2024 | 7.46 Mn |
| Jun 30, 2024 | 7.06 Mn |
| Mar 31, 2024 | 5.89 Mn |
| Dec 31, 2023 | -18.09 Mn |
| Sep 30, 2023 | 6.23 Mn |
| Jun 30, 2023 | 6.14 Mn |
| Mar 31, 2023 | 5.72 Mn |
| Dec 31, 2022 | -15.63 Mn |
| Sep 30, 2022 | 4.65 Mn |
| Jun 30, 2022 | 5.45 Mn |
| Mar 31, 2022 | 5.53 Mn |
| Dec 31, 2021 | -15.18 Mn |
| Sep 30, 2021 | 5.62 Mn |
API Access
Sprott Physical Silver Trust Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PSLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PSLV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PSLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();