| The categorization of the Trust’s assets is as shown below: |
The
categorization of the Trust’s assets is as shown below:
(Amounts
in 000’s of US$) | |
December
31, 2025 | | |
December
31, 2024 | |
| Level 1 | |
| | | |
| | |
Investment
in silver | |
$ | 5,431,606 | | |
$ | 1,414,591 | |
|
| Changes in ounces of silver and their respective values for the years ended December 31, 2025 and 2024 are set out below: |
Changes
in ounces of silver and their respective values for the years ended December 31, 2025 and 2024 are set out below:
| | |
Year
Ended December 31,
2025 | | |
Year
Ended December 31,
2024 | |
| (Amounts in 000’s of US$, except
for ounces data) | |
| | |
| |
| Ounces of silver | |
| | |
| |
| Opening balance | |
| 48,939,346.4 | | |
| 44,584,861.0 | |
| Creations | |
| 36,207,139.9 | | |
| 11,798,793.7 | |
| Redemptions | |
| (9,531,087.0 | ) | |
| (7,307,064.1 | ) |
| Transfers of silver
to pay expenses | |
| (165,942.6 | ) | |
| (137,244.2 | ) |
| Closing
balance | |
| 75,449,456.7 | | |
| 48,939,346.4 | |
| | |
| | | |
| | |
Investment
in silver | |
| | | |
| | |
| Opening balance | |
$ | 1,414,591 | | |
$ | 1,060,674 | |
| Creations | |
| 1,642,502 | | |
| 357,817 | |
| Redemptions | |
| (463,169 | ) | |
| (219,235 | ) |
| Realized gain on silver distributed
for the redemption of Shares | |
| 194,527 | | |
| 50,350 | |
| Transfers of silver to pay expenses | |
| (6,290 | ) | |
| (3,828 | ) |
| Realized gain on silver transferred
to pay expenses | |
| 1,961 | | |
| 812 | |
| Change in unrealized
(loss) on investment in silver | |
| 2,647,484 | | |
| 168,001 | |
| Closing balance | |
$ | 5,431,606 | | |
$ | 1,414,591 | |
|