Fund Flows
Gold & Silver ETF Flows
The money moving into and out of physical bullion — daily net assets, shares outstanding, and metal held for the three biggest precious-metals ETFs: GLD, IAU, and SLV. Shares outstanding is the flow signal: it rises on creations and falls on redemptions.
Data as of
Jul 10, 2026
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GLD
SPDR Gold Shares
Net assets
$132.1B
Shares out
351.2M
Shares YoY
+5.4%
Metal held
1,002 t
Month-end shares outstanding, last 5 years. NAV/share: $376.14.
IAU
iShares Gold Trust
Net assets
$60.9B
Shares out
790.6M
Shares YoY
+3.0%
NAV / share
$77.09
Month-end shares outstanding, last 5 years. NAV/share: $77.09.
SLV
iShares Silver Trust
Net assets
$28.4B
Shares out
528.8M
Shares YoY
-0.8%
NAV / share
$53.66
Month-end shares outstanding, last 5 years. NAV/share: $53.66.
Common questions
- What do gold and silver ETF flows tell you?
- Funds like GLD, IAU, and SLV hold physical metal in a vault and issue shares against it. When investors buy in, the fund creates new shares and buys more metal; when they sell out, shares are redeemed and metal leaves the trust. The change in shares outstanding is therefore a direct read on money flowing into or out of physical gold and silver.
- What are GLD, IAU, and SLV?
- GLD (SPDR Gold Shares) and IAU (iShares Gold Trust) are the two largest gold ETFs; SLV (iShares Silver Trust) is the largest silver ETF. Each is backed by allocated physical metal, so their combined holdings are a widely watched proxy for institutional and retail demand for bullion.
- How much metal do these ETFs hold?
- This page shows each fund's net assets and shares outstanding, and — where the sponsor reports it, as GLD does — the tonnes of metal held in trust. Because share price tracks the underlying metal, net assets and shares outstanding together describe how large the fund's physical position is.
- Do ETF flows track the price of gold and silver?
- Not one-for-one. Prices can rise while investors redeem shares (money leaving) or fall while they add (money arriving), so flows and price often diverge — which is exactly why shares outstanding is worth watching as its own demand signal.
Data source
Figures are the daily fund disclosures published by the ETF sponsors — iShares (BlackRock) for IAU and SLV, and State Street's SPDR for GLD — covering shares outstanding, net assets, NAV per share, and, where reported, metal held in trust.