The abrdn Physical Silver Shares ETF (SIVR) and VanEck Gold Miners ETF (GDX) offer investors different ways to gain exposure to precious metals. SIVR provides direct access to silver prices by holding physical metal, while GDX invests in gold mining equities, offering dividend yields and equity diversification.
As of October 5, 2026, SIVR had a lower expense ratio at 0.3% compared to GDX’s 0.51%. Over the past year, SIVR outperformed GDX with a total return of 26.8% versus 14.2%. However, GDX offers a dividend yield of 0.7%, which SIVR does not provide.
SIVR’s value is driven solely by silver’s price fluctuations, making it a pure play on the metal. In contrast, GDX holds shares in gold mining companies like Newmont, Agnico Eagle Mines, and Barrick Mining, which introduces additional risks such as operational and geopolitical factors.
For investors focused on silver’s industrial demand and cost efficiency, SIVR is a compelling choice. Meanwhile, GDX may appeal to those seeking equity exposure to gold mining companies and willing to accept the associated risks.