SLV observed max drawdown: 72.2%
iShares Silver Trust. From its 2011-04-30 peak, SLV fell 72.2% to the 2020-03-31 trough and needed 14.6 years to make a new high (2025-11-30). Computed from 246 months of observed fund history. Fund inception boundary (first available fund observation): 2006-04-28; the monthly analysis runs from 2006-04-30 through 2026-09-30.
What is SLV's observed maximum drawdown?
SLV's observed maximum drawdown was 72.2%, from a peak in 2011-04-30 to a trough in 2020-03-31, based on monthly closes from fund prices first observed on 2006-04-28. The sample contains 246 monthly observations through 2026-09-30. Monthly closes can miss deeper daily losses.
| Measure | Value |
|---|---|
| Maximum drawdown | -72.2% |
| Peak | 2011-04-30 |
| Trough | 2020-03-31 |
| Recovered | 2025-11-30 |
| Monthly observations | 246 |
Last verified
What is SLV's observed maximum drawdown?
SLV's observed maximum drawdown was 72.2%, from a peak in 2011-04-30 to a trough in 2020-03-31, based on monthly closes from fund prices first observed on 2006-04-28.
How long did SLV take to recover from its worst drawdown?
SLV took 14.6 years from the 2011-04-30 peak to make a new high in 2025-11-30, based only on observed fund prices.
What was SLV's worst 12-month return?
SLV's worst observed rolling 12-month return was -40.5%, in the 12 months ending 2013-11-30.
SLV observed fund drawdown statistics
2011-04-30 peak to 2020-03-31 trough.
New high reached 2025-11-30.
Share of all months spent below a prior high.
Rolling year ending 2013-11-30.
The biggest SLV drawdowns in observed fund history
| Depth | Peak | Trough | Recovered | Peak to trough | Total underwater |
|---|---|---|---|---|---|
| -72.2% | 2011-04-30 | 2020-03-31 | 2025-11-30 | 107 mo | 14.6 years |
| -51.3% | 2008-02-29 | 2008-10-31 | 2010-09-30 | 8 mo | 2.6 years |
| -38.4% | 2026-02-28 | 2026-07-31 | not yet | 5 mo | 7 months |
| -19.4% | 2006-04-30 | 2006-06-30 | 2006-11-30 | 2 mo | 7 months |
| -15.1% | 2007-02-28 | 2007-08-31 | 2007-10-31 | 6 mo | 8 months |
Methodology: observed SLV fund prices only, first available from 2006-04-28. Monthly closing-price statistics cover 2006-04-30 through 2026-09-30; no proxy or pre-inception simulation is included in this table. Educational information, not investment advice.
Drawdowns are the reason tactical strategies exist
Buy-and-hold SLV means living through every number on this page. BestFolio tracks published TAA strategies whose whole job is cutting these drawdowns, with out-of-sample track records.