# iShares Physical Silver ETC (SSLN) **Page:** https://fundology.uk/fund/ssln · ISIN IE00B4NCWG09 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SSLN (iShares Physical Silver ETC, ISIN IE00B4NCWG09) closed at £35.40 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +118.0%, or +70.2% after UK CPIH inflation. ## Summary iShares Physical Silver ETC is an exchange-traded commodity (ETC) from iShares, launched in 2011. It tracks the LBMA Silver Price ($/ozt). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Latest close: **£35.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SSLN | | ISIN | IE00B4NCWG09 | | Also listed as | ISLN (London Stock Exchange, US dollars) | | Category | Gold & commodities | | Type | ETC | | Provider | iShares | | Tracks | LBMA Silver Price ($/ozt) | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £2.0bn | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/04/2011 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +1.74% | -1.86% | income reinvested | | 3 years | +119.60% | +98.41% | income reinvested | | 5 years | +118.04% | +70.20% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares Physical Silver ETC in pounds (price only; the fund pays no income): 2022 +15.8%, 2023 −6.2%, 2024 +28.1%, 2025 +121.7%; 2026 to 13/11/2026 −30.2%. Returns of iShares Physical Silver ETC in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +26.5%; to 30/09/2025: +50.9%; to 30/09/2024: +28.8%; to 30/09/2023: +6.2%; to 30/09/2022: +3.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +15.8% | +6.0% | Price | | 2023 | -6.2% | -9.9% | Price | | 2024 | +28.1% | +23.8% | Price | | 2025 | +121.7% | +114.1% | Price | | 2026 to 13/11/2026 | -30.2% | -32.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 50.37% | -50.54% | | 3 years | 36.13% | -50.54% | | 5 years | 32.47% | -50.54% | ## Largest fall Volatility of iShares Physical Silver ETC in pounds, annualised from weekly returns to 13/11/2026: 50.4% over 1 year, 36.1% over 3 years, 32.5% over 5 years. Largest fall in the price of iShares Physical Silver ETC since November 2021, in pounds: −50.5% from 23/01/2026 to 30/10/2026. The lowest 12-month return of iShares Physical Silver ETC in pounds (price only; the fund pays no income) since January 2021 was −16.0% (12 months to 28/01/2022); the highest was +200.6% (12 months to 23/01/2026). On 13/11/2026 the price of iShares Physical Silver ETC was 49.9% below its highest weekly close since November 2021 (23/01/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares Physical Silver ETC 0.20% a year. Compared on 14/11/2026, 124 of the 149 other gold and commodity funds charge more, 6 the same and 19 less (share classes counted once). ## Funds tracking the same index 7 funds track LBMA Silver Price ($/ozt), this one included and share classes counted once; their ongoing charges range from 0.19% to 0.63% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Physical Silver ETC | 0.19% | +1.8% | +119.7% | +118.2% | | iShares Physical Silver ETC (this fund) | 0.20% | +1.7% | +119.6% | +118.0% | | Swisscanto (CH) Silver ETF EA USD | 0.63% | -0.1% | +110.3% | +105.6% | | UBS Silver ETF Anteile -USD acc- | 0.45% | +3.6% | +112.3% | +112.3% | | WisdomTree Core Physical Silver ETP | 0.19% | -2.1% | — | — | | WisdomTree Physical Silver | 0.49% | -2.4% | +112.0% | +101.0% | | Xtrackers IE Physical Silver ETC | 0.20% | +2.3% | +119.8% | +84.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SSLN?** The ongoing charge of SSLN is 0.20% a year — about £20 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares Physical Silver ETC 0.20% a year. Compared on 14/11/2026, 124 of the 149 other gold and commodity funds charge more, 6 the same and 19 less (share classes counted once). **What does SSLN track?** SSLN tracks the LBMA Silver Price ($/ozt). **What is the ISIN of SSLN?** The ISIN of SSLN is IE00B4NCWG09. An ISIN identifies one exact share class of a fund; SSLN is its ticker on the London Stock Exchange. The same share class is also listed as ISLN (London Stock Exchange, US dollars). **What were SSLN’s returns in each of the last five years?** Calendar-year returns of SSLN in pounds (price only; the fund pays no income): 2022 +15.8%, 2023 −6.2%, 2024 +28.1%, 2025 +121.7%; 2026 to 13/11/2026 −30.2%. Past performance is not a guide to future returns. **How has SSLN done after inflation?** Over the five years to 13/11/2026 SSLN’s total return was +118.0%, or +70.2% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/258443/ishares-physical-silver-etc-fund) - [Key information document (KID)](https://www.ishares.com/gls-download/literature/kiid/uk_priips-ishares-physical-silver-etc-gb-ie00b4ncwg09-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ssln-ishares-physical-silver-etc-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.