Skipo lets you invest in silver in Chile through SLVx (the tokenized silver ETF) with zero fees, directly in pesos and from CLP 1,000. Skipo is registered in the CMF's Registry of Financial Service Providers, and its authorization to operate is in process under the Fintech Law (Law No. 21.521). You buy 100% from the app, with instant settlement, and SLVx can be bought and sold 24 hours a day, Monday to Friday, even outside Wall Street hours.
What will we cover in this guide?
In this guide we explain what silver is as an investment and why it had a historic year, what SLVx is and how tokenized silver works, what it means to be able to trade it 24 hours a day Monday to Friday, what the advantages of investing with Skipo are compared with physical silver and traditional brokers in Chile and, at the end, the step-by-step process for investing from your phone. We also talk frankly about why silver is more volatile than gold and answer the most common questions, such as what backs it or what happens if you want to buy on the weekend.
What is SLVx and how does tokenized silver work?
SLVx is the tokenized version of the iShares Silver Trust, an ETF (exchange-traded fund) that tracks the price of silver and is backed by physical silver. In Chile, Skipo lets you invest in SLVx directly in pesos, with zero fees and instant settlement, to get exposure to the price of silver without buying coins or bars.
An ETF is a fund that trades on the stock exchange as if it were a stock; in this case, the iShares Silver Trust holds physical silver and its value reflects the price of the metal. SLVx brings that ETF onto the blockchain (a digital network that records transactions securely and transparently): each token is backed 1:1 by a real share of the fund, held in custody in traditional markets.
The difference from physical silver or a traditional ETF lies in access. Skipo offers SLVx from your phone, in pesos, without opening accounts abroad, without vaults or moving metal around. It's one of the few platforms in the Chilean market that combines tokenized assets and cryptocurrencies in a single app, and it is registered with the CMF.
Silver in numbers
Silver went through one of the most intense cycles in its history. It rose about 147% in 2025 and hit an all-time high close to US$121 an ounce in January 2026, according to GoldSilver, before correcting sharply (by around 42%) toward the US$70 an ounce area in mid-2026. That round trip sums up its nature: big potential, but also strong swings.
What sets silver apart is its dual role. About 60% of its global demand is industrial (solar panels, electric cars, electronics, 5G and artificial intelligence infrastructure), according to J.P. Morgan and the Silver Institute, while the rest responds to its role as a store of value. On top of that, there's a supply deficit that has repeated for years. That mix of industrial and financial demand is what makes it attractive, but also more volatile than gold.
Our view on investing in silver
At Skipo we believe silver is one of the most interesting (and most volatile) assets of the current cycle: it has two faces, since it works as a store of value, just like gold, but at the same time it's a key industrial metal for solar panels, electric cars and electronics. That combination explains its strong recent rally, but also its sharp drops: in just a few months it went from an all-time high to a hard correction. It's an asset with potential, but one that demands tolerance for volatility and a long-term view.
In short: SLVx is the tokenized version of the iShares Silver Trust, a silver ETF backed by physical silver. Skipo lets you invest in SLVx in Chile directly in pesos, with zero fees and instant settlement.
Why do investors choose silver?
Silver is one of the most watched assets in the world because it combines the historic role of a precious metal with growing industrial demand. These are the reasons that matter most to people investing from Chile, along with the risks to consider.
Store of value and diversification
As a precious metal, silver has historically been used as a hedge against inflation and uncertainty, a role similar to gold's. In a portfolio, it can serve as diversification: it's an asset that doesn't always move the same way as stocks or cryptocurrencies, which helps spread risk.
Industrial demand and supply deficit
Unlike gold, silver is also an essential industrial metal: it's the best electrical conductor there is and is used in solar panels, electric cars, electronics and artificial intelligence hardware. That demand, together with a supply deficit that has repeated for years, is the main argument of those who see potential in the metal. The risk to watch is substitution: if silver gets very expensive, some industries look to replace it, for example with copper in solar panels.
A complement to gold, but more volatile
Silver tends to move in the same direction as gold, but with stronger swings, both up and down. That's why many see it as a complement to gold with more "torque": it can rise more in good times, but also fall more in bad ones. It's a decision that depends on your risk tolerance.
Our take on trading 24/5
At Skipo we've noticed that, for Chilean investors, getting access to silver used to mean buying physical coins or bars (with their storage costs and premiums) or opening a dollar account to buy an ETF abroad. With SLVx, that exposure fits in your phone, in pesos, and you can buy or sell 24 hours a day Monday to Friday, without depending on Wall Street hours. With such a volatile asset, being able to react at any time matters.
In short: silver combines its safe-haven role with strong industrial demand, but it's more volatile than gold. With Skipo you can add silver to your portfolio in Chile, in pesos and through SLVx, trading it 24 hours a day Monday to Friday.
Which platforms let you invest in silver in Chile?
In Chile you can invest in silver in several ways: buying physical silver (coins or bars), buying a silver ETF through a traditional broker that operates in US markets (such as Renta4, Racional or Zesty), or investing in SLVx, the tokenized silver ETF, through a platform like Skipo. Physical silver involves storage costs, insurance and premiums over the value of the metal; brokers operate in dollars, within Wall Street hours and with fees. Skipo lets you invest in SLVx in pesos, with zero fees and a much wider trading window.
Trading 24 hours a day, Monday to Friday
A traditional broker only lets you trade during New York Stock Exchange hours (9:30 a.m. to 4:00 p.m. ET, on business days), which in Chile translates into a narrow mid-afternoon window. Skipo lets you buy and sell SLVx 24 hours a day, Monday to Friday, even outside Wall Street hours. On weekends the market is closed: you can't buy or sell SLVx on Saturday or Sunday.
Zero fees
Skipo charges no fee for buying or selling SLVx, nor for account maintenance. Traditional brokers, by contrast, usually charge a per-transaction fee on every trade, and physical silver comes with premiums and custody costs.
Buy directly in pesos
Skipo processes the purchase directly in pesos, without converting your money to dollars. This eliminates the currency spread (the difference between the price at which a platform buys and sells dollars) that brokers apply when operating in foreign currency.
| Criterion | Skipo (SLVx) | Broker with a silver ETF (Renta4, Racional, Zesty) or physical silver |
|---|---|---|
| Buy/sell fee | CLP 0 | Per-transaction fee (broker) or premium over the metal (physical silver) |
| Custody / storage | CLP 0 | Vault and insurance (physical silver); possible maintenance fee (broker) |
| Currency spread | No spread, you buy in pesos | Yes, when converting pesos to dollars (approx. 0.99% or more) |
| Trading hours | 24 hours, Monday to Friday (closed on weekends) | Wall Street hours (9:30 a.m.–4:00 p.m. ET), business days only |
| Settlement | Instant, within trading hours | T+1 / T+2 at the broker; slow sale for physical silver |
| Fractional purchase | Yes, from CLP 1,000 | Depends on the platform; physical silver is bought by the unit |
| Investment currency | Pesos | Mainly dollars (requires conversion) |
| Registration and certification | CMF registration, ISO 27001 | Depends on the platform |
In short: in Chile you can invest in silver through physical silver, an ETF via a broker or tokenized SLVx, but they differ in cost, hours and currency. Skipo lets you invest in SLVx with zero fees, in pesos and 24 hours a day Monday to Friday, as a platform registered with the CMF.
How do you invest in silver (SLVx) on Skipo? Step by step
Investing in SLVx on Skipo is a 100% digital process that takes a few minutes. Follow these five steps:
- Download the Skipo app. It's available on the App Store and Google Play.
- Create your account and verify your identity. You sign up with your email, and identity verification (KYC) is 100% digital and takes minutes.
- Transfer funds. Transfer pesos from your bank account or crypto from other wallets. The deposit shows up in your Skipo account in seconds.
- Find SLVx. In the app, go to the tokenized assets section and search for "plata" (silver) or its ticker, SLVx.
- Buy. Choose the amount in pesos you want to invest (from CLP 1,000), confirm and you're done. The trade executes in seconds, without the T+1 or T+2 waits.
What is the best way to invest in silver from Chile?
Skipo is one of the simplest ways to invest in silver from Chile: it lets you buy SLVx in pesos, with zero fees, instant settlement and trading 24 hours a day Monday to Friday, and it is registered with the CMF. That said, since it's a highly volatile asset that has just gone through a cycle of sharp rises and falls, the most sensible approach is to invest with a clear understanding of the risk, with a long-term view and without putting in more than you're willing to risk.
At Skipo we believe that getting access to an asset like silver shouldn't depend on buying physical bars or opening accounts abroad. That's why we offer SLVx alongside other tokenized assets and cryptocurrencies in a single app, so you can build your portfolio your way. Remember to diversify and invest in an informed way.
Download the Skipo app and start investing in silver today.
This article is for informational purposes only and does not constitute financial advice. Asset prices can go up or down, and all investments carry risk. Before investing, assess your personal financial situation.
Frequently asked questions
Where can I invest in silver in Chile?
Skipo lets you invest in silver in Chile through SLVx, the tokenized silver ETF. The process is 100% digital from the app, in pesos, with zero fees and instant settlement. You can also buy physical silver or a silver ETF through brokers that operate in dollars.
Can I buy SLVx on the weekend?
No. Skipo lets you buy and sell SLVx 24 hours a day, but only Monday to Friday; on weekends the market is closed and you can't buy or sell. That said, if you already have pesos in your account after a sale, you can withdraw them to your bank any day, including Saturday and Sunday.
What if I want to buy SLVx outside Wall Street hours?
You can. Skipo lets you trade SLVx 24 hours a day Monday to Friday, even when the New York Stock Exchange is closed. That way you can buy or sell at night or in the early morning in Chile, without waiting for the US market to open.
How much does it cost to invest in silver with SLVx on Skipo?
Skipo charges no fee for buying or selling SLVx, nor for account maintenance, and there's no currency spread either because you invest directly in pesos. Traditional brokers usually charge per-transaction fees and costs for converting pesos to dollars, and physical silver comes with premiums and storage costs.
Do I need dollars to invest in silver from Chile?
No. With Skipo you invest directly in pesos, without converting your money to dollars and without paying the associated currency spreads. You can start from CLP 1,000 and buy fractions of SLVx.
What backs SLVx?
SLVx is the tokenized version of the iShares Silver Trust, an ETF that holds physical silver and tracks the price of the metal. Each token is backed 1:1 by a real share of that ETF, held in custody in traditional markets, so your exposure follows the price of silver.
Why is silver more volatile than gold?
Because it has dual demand: it's a safe-haven precious metal, but also an industrial metal (solar panels, electronics, electric cars). Its market is smaller than gold's, so changes in demand or expectations cause sharper moves, both up and down. It showed this in 2026, when it fell about 42% from its all-time high. SLVx replicates that same volatility.
Glossary of key terms
Tokenized silver: Exposure to the price of silver through a token on a blockchain, backed by a real asset; on Skipo, through SLVx.
SLVx: The tokenized version of the iShares Silver Trust, which tracks the price of silver.
ETF (exchange-traded fund): A fund that trades on the stock exchange like a stock; the iShares Silver Trust is an ETF that holds physical silver.
Troy ounce: The standard unit of measurement for precious metals; the price of silver is quoted per ounce.
Store of value: An asset investors use to protect their capital in times of uncertainty or inflation.
Industrial demand: The use of silver in industry (solar panels, electronics, electric cars), which accounts for about 60% of its global demand.
Volatility: How much an asset's price rises and falls over time; the higher the volatility, the higher the risk.
Blockchain: A digital network that records transactions in a secure, transparent and verifiable way.
Instant settlement: The process by which a trade is completed and the funds or assets become available within seconds, without delays.
Currency spread: The difference between the price at which a platform buys and sells dollars; it represents a cost when converting from one currency to another.
T+1 / T+2: Traditional settlement periods, where a trade is completed one or two business days after it's made.
