Gold & Silver ETF Flows ·Data as of Aug 28, 2026
GLD added 7.5% of its shares outstanding over the past year, now 366.9M
Shares outstanding is the flow signal: it rises on creations and falls on redemptions.
GLD
SPDR Gold Shares
Net assets
$153.7B
Shares out
366.9M
Shares YoY
+7.5%
Metal held
1,047 t
Month-end shares outstanding, last 5 years. NAV/share: $419.04.
IAU
iShares Gold Trust
Net assets
$67.6B
Shares out
788.0M
Shares YoY
+1.2%
NAV / share
$85.78
Month-end shares outstanding, last 5 years. NAV/share: $85.78.
SLV
iShares Silver Trust
Net assets
$34.7B
Shares out
546.4M
Shares YoY
+0.8%
NAV / share
$63.48
Month-end shares outstanding, last 5 years. NAV/share: $63.48.
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About these funds
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.
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.
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.
More questions
- 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.