Exchange-traded fund (ETF) is a kind of financial derivative product based on silver, which tracks the fluctuation of spot silver price and can be traded in the securities market. Due to the high price of silver, silver ETF usually takes110 ounce as a fund unit, and the net asset value of each fund unit is the spot silver price110 ounce minus the accrued management fee.

Silver ETF is a financial derivative product that takes silver as the most basic asset and then tracks the fluctuation of spot silver price. Generally, large silver producers entrust physical silver to fund companies, and then fund companies rely on this physical silver to publicly issue fund shares on exchanges and sell them to various investors. Commercial banks act as fund custodians and physical custodians respectively, and investors can freely redeem the funds during their existence.