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: (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2026
USD ($)
oz
|
Jun. 30, 2025
USD ($)
oz
|
Jun. 30, 2026
USD ($)
oz
|
Jun. 30, 2025
USD ($)
oz
|
|
| Ounces of silver | ||||
| Opening balance | oz | 68,401,915.7 | 47,901,025.1 | 75,449,456.7 | 48,939,346.4 |
| Creations | oz | 3,042,698.5 | 7,246,804.5 | 8,752,374.0 | 10,587,527.1 |
| Redemptions | oz | (4,182,904.7) | (16,884,823.8) | (4,342,802.1) | |
| Transfers of silver to pay expenses | oz | (52,635.3) | (37,230.8) | (107,932.7) | (73,472.6) |
| Closing balance | oz | 67,209,074.2 | 55,110,598.8 | 67,209,074.2 | 55,110,598.8 |
| Investment in silver | ||||
| Opening balance | $ 4,971,793 | $ 1,631,269 | $ 5,431,606 | $ 1,414,591 |
| Creations | 227,677 | 251,236 | 720,100 | 353,725 |
| Redemptions | (300,972) | (1,364,997) | (132,997) | |
| Realized gain on silver distributed for the redemption of Shares | 139,483 | 744,295 | 29,040 | |
| Transfers of silver to pay expenses | (4,056) | (1,217) | (8,434) | (2,319) |
| Realized gain on silver transferred to pay expenses | 2,054 | 309 | 4,484 | 547 |
| Change in unrealized (loss) / gain on investment in silver | (1,084,421) | 101,007 | (1,575,497) | 320,017 |
| Closing balance | $ 3,951,558 | $ 1,982,604 | $ 3,951,558 | $ 1,982,604 |