iShares Silver Trust (SLVX) price

SLVX tracks the price of silver through iShares Silver Trust. Silver is both a precious metal and an industrial one, so it responds to the economic cycle as well as to precious-metal sentiment.

Silver pays no income, and it tends to swing harder than gold in both directions.

For too long, investing has come with barriers. Borders. Brokers. Limitations. It’s been complicated, costly, and — for millions — out of reach. xStocks were created to change that. xStocks are tokenized stocks. They’re backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, accessible to non-US users, and provide a legal claim to the value of the stock. xStocks enable easy access to 120+ US Stocks and ETFs to regular users through top centralized and decentralized exchanges, and can be integrated with other DeFi protocols like any other token.

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SLVX contract address

XsxAd6okt8y1RRK6gNg7iJaqiWNiq5Md5EDf3ZrF2dm

Ticker

SLVX

Issuer

xStocks

Status

Verified

SLVX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. SLVX tracks the price of iShares Silver Trust, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping SLVX, and it does not issue, back, or custody the token.

The price of SLVX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

The asset behind SLVX doesn't pay distributions, so the value of SLVX reflects price movement alone.

SLVX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of SLVX comes from on-chain trading alone and can drift from the fund's last close.

Other tokens tracking iShares Silver Trust