ETN / ETP · Leverage Shares
3SSL Leverage Shares -3x Short Silver ETP
ISIN XS3231934442London Stock Exchange: 3SSLLeverage Shares LLC
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£2.78
on
- Ongoing charge
- 4.78% a year
- Fund size
- £501k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 3SSL (Leverage Shares -3x Short Silver ETP, ISIN XS3231934442) closed at £2.78 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the three years to 13/11/2026 its price changed by −99.7%, or −99.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −90.3%
- −90.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −99.7%
- −99.7% after inflation (UK CPIH)
Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Leverage Shares -3x Short Silver ETP in pounds (price, with income reinvested in the fund): 2023 −27.0%, 2024 −67.8%, 2025 −96.7%; 2026 to 13/11/2026 −56.9%. Returns of Leverage Shares -3x Short Silver ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −94.5%; to 30/09/2025: −81.2%; to 30/09/2024: −79.5%; to 30/09/2023: −62.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −56.9% | −58.2% | |
| to | −96.7% | −96.8% | |
| to | −67.8% | −68.9% | |
| −27.0% | −29.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −94.5% | −94.7% |
| from | −81.2% | −82.0% |
| from | −79.5% | −80.0% |
| from | −62.6% | −64.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
107.8%over 3 years
| 1 year | 145.1% |
|---|---|
| 3 years | 107.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since June 2022
- −100.0%
- From to
- Lowest 12-month return
- −99.4%
- 12 months to
- Highest 12-month return
- −10.7%
- 12 months to
- Below its highest weekly close since June 2022
- 99.9%
- High of , latest
In words: Volatility of Leverage Shares -3x Short Silver ETP in pounds, annualised from weekly returns to 13/11/2026: 145.1% over 1 year, 107.8% over 3 years. Largest fall in the price of Leverage Shares -3x Short Silver ETP since June 2022, in pounds: −100.0% from 02/09/2022 to 27/02/2026. The lowest 12-month return of Leverage Shares -3x Short Silver ETP in pounds (price, with income reinvested in the fund) since June 2022 was −99.4% (12 months to 27/02/2026); the highest was −10.7% (12 months to 19/01/2024). On 13/11/2026 the price of Leverage Shares -3x Short Silver ETP was 99.9% below its highest weekly close since June 2022 (02/09/2022), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 4.78%
- a year
- On £10,000
- £478
- a year, roughly
- Over five years
- £2,172
- of £10,000, before growth
- 189 charge less
- 17 the same
- 4 charge more
Ongoing charge of Leverage Shares -3x Short Silver ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Leverage Shares -3x Short Silver ETP is an exchange-traded product from Leverage Shares, launched in 2022.
It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 4.78% a year — about £478 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Leveraged & inverse: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.
Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN
Key facts
- Ticker
- 3SSL
- ISIN
- XS3231934442
- Also listed as
- SLVS (London Stock Exchange, US dollars), SSLE (London Stock Exchange, euros)
- Provider
- Leverage Shares
- Tracks
- LBMA Silver Price ($/ozt)
- Structure
- ETN / ETP
- An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 4.78% a year · about £478 on £10,000
- Fund size
- £501k
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Over the last year, the closing price went from £23.04 on 14/11/2025 to £2.78 on 13/11/2026 (−87.9%). The lowest close shown was £1.02 on 27/02/2026 and the highest £25.44 on 21/11/2025.
One close a week. Before 07/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
232 weekly closes, from 10/06/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 180 rolling 12-month returns since June 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since June 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of 3SSL?
The ongoing charge of 3SSL is 4.78% a year — about £478 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Leverage Shares -3x Short Silver ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once).
What does 3SSL track?
3SSL tracks the LBMA Silver Price ($/ozt).
Is 3SSL accumulating or distributing?
3SSL is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of 3SSL?
The ISIN of 3SSL is XS3231934442. An ISIN identifies one exact share class of a fund; 3SSL is its ticker on the London Stock Exchange. The same share class is also listed as SLVS (London Stock Exchange, US dollars) and SSLE (London Stock Exchange, euros).
What were 3SSL’s returns in each of the last five years?
Calendar-year returns of 3SSL in pounds (price, with income reinvested in the fund): 2023 −27.0%, 2024 −67.8%, 2025 −96.7%; 2026 to 13/11/2026 −56.9%. Past performance is not a guide to future returns.
How has 3SSL done after inflation?
Over the three years to 13/11/2026 3SSL’s price changed by −99.7%, or −99.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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