iShares Silver Trust (NYSEARCA:SLV) Short Interest Update

Posted by Patrick Bannon on Mar 1st, 2026

iShares Silver Trust (NYSEARCA:SLV – Get Free Report) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 45,791,088 shares, a decline of 37.7% from the January 29th total of 73,552,213 shares. Based on an average daily trading volume, of 119,920,142 shares, the days-to-cover ratio is currently 0.4 days. Approximately 8.3% of the company’s stock are short sold. Approximately 8.3% of the company’s stock are short sold. Based on an average daily trading volume, of 119,920,142 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Silver Trust

A number of institutional investors and hedge funds have recently made changes to their positions in SLV. Raymond James Financial Inc. increased its holdings in iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after buying an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the period. Bank of Montreal Can increased its stake in shares of iShares Silver Trust by 505.8% during the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Tableaux LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth about $133,233,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of iShares Silver Trust by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after purchasing an additional 26,710 shares during the period.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

Positive Sentiment: Analysts and markets pushed silver higher on renewed safe‑haven flows and demand; FXEmpire notes a ~6% silver gain as traders react to geopolitics and U.S. PPI data, supporting ETF inflows and higher SLV quotes. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Gains 6% Amid Rising Demand For Precious Metals
Positive Sentiment: Bullish commentary from influential precious‑metals investors (Eric Sprott) promoting a “$300 silver squeeze” narrative has amplified retail and speculative interest in silver and SLV today. The banks have lost control: Eric Sprott on the $300 silver squeeze and his massive mining sweep
Positive Sentiment: Peter Schiff and other commentators framed recent exchange halts as evidence of supply stress/manipulation, a narrative that can fuel bullish positioning in physical‑backed ETFs like SLV. Peter Schiff: CME silver halt ‘better than telling the truth’ as prices surge past $90
Positive Sentiment: Short interest in SLV fell sharply (~37.7% month‑to‑month to ~45.8M shares), reducing immediate short pressure and increasing the potential for squeeze dynamics that can lift the ETF. Jane Street becomes SLV’s top holder in Q4
Positive Sentiment: Regulatory filings show Jane Street became SLV’s top holder in Q4, indicating large market‑maker liquidity and positioning changes that can amplify short‑term flows into the ETF. Jane Street becomes SLV’s top holder in Q4
Neutral Sentiment: Kitco and market reports show silver strength heading into U.S. PPI and other macro releases; these headlines explain part of intraday momentum but could reverse on data surprises. Gold price slightly up, silver higher ahead of U.S. PPI
Neutral Sentiment: Macro/technical forecasts (FXEmpire) outline upside scenarios if safe‑haven demand persists, but note risks from a hawkish Fed and a stronger dollar that could cap gains. Gold (XAUUSD) & Silver Price Forecast: Tariffs vs. Fed Policy – Gold’s $5,250 Break?
Negative Sentiment: A CME trading outage interrupted a critical silver rally, creating execution confusion and investor outrage — such trading halts can temporarily suppress liquidity and price discovery in SLV. CME outage derails silver rally at critical moment, sparking confusion, suspicion and outrage
Negative Sentiment: Reporting suggests Jane Street’s large position and option strategies have at times driven abrupt share selling, contributing to short‑term volatility that can hurt SLV during rapid price moves. One Cause Of Silver’s Recent Volatility

iShares Silver Trust Trading Up 5.6%

Shares of NYSEARCA SLV traded up $4.54 during mid-day trading on Friday, hitting $84.99. The company had a trading volume of 69,129,797 shares, compared to its average volume of 130,906,844. The company has a market capitalization of $46.79 billion, a PE ratio of -8.51 and a beta of 0.38. The firm has a 50-day simple moving average of $76.48 and a two-hundred day simple moving average of $55.38. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83.

About iShares Silver Trust

(Get Free Report)

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.