| Changes in ounces of silver and their respective values for the three and six months ended June 30, 2026 and 2025 are set out below: |
Changes
in ounces of silver and their respective values for the three and six months ended June 30, 2026 and 2025 are set out below:
| | |
Three
Months Ended
June 30, 2026 | | |
Three
Months Ended
June 30, 2025 | |
| (Amounts in 000’s of US$, except for ounces data) | |
| | | |
| | |
| Ounces of silver | |
| | | |
| | |
| Opening balance | |
| 68,401,915.7 | | |
| 47,901,025.1 | |
| Creations | |
| 3,042,698.5 | | |
| 7,246,804.5 | |
| Redemptions | |
| (4,182,904.7 | ) | |
| — | |
| Transfers of silver to pay expenses | |
| (52,635.3 | ) | |
| (37,230.8 | ) |
| Closing balance | |
| 67,209,074.2 | | |
| 55,110,598.8 | |
| | |
| | | |
| | |
| Investment in silver | |
| | | |
| | |
| Opening balance | |
$ | 4,971,793 | | |
$ | 1,631,269 | |
| Creations | |
| 227,677 | | |
| 251,236 | |
| Redemptions | |
| (300,972 | ) | |
| — | |
| Realized gain on silver distributed for the redemption of Shares | |
| 139,483 | | |
| — | |
| Transfers of silver to pay expenses | |
| (4,056 | ) | |
| (1,217 | ) |
| Realized gain on silver transferred to pay expenses | |
| 2,054 | | |
| 309 | |
| Change in unrealized (loss) / gain on investment in silver | |
| (1,084,421 | ) | |
| 101,007 | |
| Closing balance | |
$ | 3,951,558 | | |
$ | 1,982,604 | |
| | |
| | | |
| | |
| | |
Six
Months
Ended
June
30, 2026 | | |
Six
Months
Ended
June
30, 2025 | |
| (Amounts in 000’s of US$, except for ounces data) | |
| | | |
| | |
| Ounces of silver | |
| | | |
| | |
| Opening balance | |
| 75,449,456.7 | | |
| 48,939,346.4 | |
| Creations | |
| 8,752,374.0 | | |
| 10,587,527.1 | |
| Redemptions | |
| (16,884,823.8 | ) | |
| (4,342,802.1 | ) |
| | |
Six
Months
Ended
June
30, 2026 | | |
Six
Months
Ended
June
30, 2025 | |
| Transfers of silver to pay expenses | |
| (107,932.7 | ) | |
| (73,472.6 | ) |
| Closing balance | |
| 67,209,074.2 | | |
| 55,110,598.8 | |
| | |
| | | |
| | |
| Investment in silver | |
| | | |
| | |
| Opening balance | |
$ | 5,431,606 | | |
$ | 1,414,591 | |
| Creations | |
| 720,100 | | |
| 353,725 | |
| Redemptions | |
| (1,364,997 | ) | |
| (132,997 | ) |
| Realized gain on silver distributed for the redemption of Shares | |
| 744,295 | | |
| 29,040 | |
| Transfers of silver to pay expenses | |
| (8,434 | ) | |
| (2,319 | ) |
| Realized gain on silver transferred to pay expenses | |
| 4,484 | | |
| 547 | |
| Change in unrealized (loss) / gain on investment in silver | |
| (1,575,497 | ) | |
| 320,017 | |
| Closing balance | |
$ | 3,951,558 | | |
$ | 1,982,604 | |
| | |
| | | |
| | |
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