Not all silver ETFs give same return: Why most silver ETFs differ in their prices and returns when tracking same high purity silver

Silver ETFs track the price of high-purity white metal yet their price, NAV and return are different. The supply-demand scenario for silver, expense ratio and tracking error of each individual ETF can lead to variations in their prices and returns. Currency volatility and global factors, domestic elements and costs, and the effective role of market makers in the system can also impact the price of a silver ETFs.