abrdn Silver ETF Trust

abrdn Silver ETF Trust is a U.S.-based exchange-traded trust that holds physical silver and issues shares designed to reflect the price of that silver, less trust expenses. Its shares trade on NYSE Arca, and the trust’s structure links investor returns directly to movements in the silver market and the mechanics of holding and valuing bullion.

— abrdn Silver ETF Trust
%
Physical silver exposure100% Shares that provide investors with direct exposure to the price of silver held by the Trust.
Share creation and redemption0% Basket-based issuance and redemption mechanics used by authorized participants to trade the ETF.
Bullion custody and administration0% Storage, safekeeping, valuation, and administrative functions tied to the silver holdings.

The Trust’s investors are market participants seeking liquid exposure to silver without buying, storing, or insuring...

  • Retail investorsprimary

    Buy shares for convenient exposure to silver prices without handling physical metal.

  • Financial advisors and wealth managerssecondary

    Use the ETF as a portfolio building block for commodity allocation and diversification.

  • Institutional investorssecondary

    Use the shares for tactical positioning, hedging, or commodity exposure within larger portfolios.

  • Authorized participants and market makersprimary

    Create and redeem baskets to support liquidity and keep trading close to NAV.

The Trust is U.S.-based and its shares trade on NYSE Arca in the United States. Its economic exposure is global because...

  • •United States listing on NYSE Arca
  • •Silver valuation linked to global bullion markets
  • •London and COMEX trading hours affect liquidity
  • •International silver pricing drives NAV and share value

The Trust’s core objective is to provide a simple, exchange-traded vehicle that tracks the price of physical silver as...

01
Maintain tight tracking to silver pricesshort-term

Investor demand depends on the ETF behaving like a direct silver proxy.

02
Support market liquidityshort-term

Liquid trading helps reduce premiums/discounts and improves investor access.

03
Protect bullion custody and operational integritymedium-term

The Trust’s value depends on secure, accessible physical silver holdings.

The Trust is exposed to silver price volatility, which directly drives the value of its shares and can be influenced by...

high

Silver price volatility

The Trust’s shares are designed to track physical silver, so price swings flow directly into NAV and trading value.

Scope
All shareholders
Materiality
high
high

Custody and access risk

Silver could be lost, damaged, stolen, or inaccessible due to natural or human events, with limited recourse and no insurance protection.

Scope
Trust assets
Materiality
high
high

Benchmark and valuation disruption

If the LBMA Silver Price is unreliable or unavailable, the Trust may have difficulty valuing holdings and calculating NAV.

Scope
NAV calculation and trading
Materiality
high
medium

Premium/discount volatility

Non-concurrent trading hours between NYSE Arca and silver markets can widen spreads and distort trading price versus NAV.

Scope
Secondary market investors
Materiality
medium
medium

Competition from alternative silver investments

Other silver-linked securities or direct bullion ownership can draw assets away from the Trust and affect liquidity.

Scope
Investor demand
Materiality
medium
Fair value measurement of silver
Primary driver of reported asset value
Accrued expenses and liabilities
NAV per share
In-kind sponsor fee and expense payments
Per-share silver backing
Creation and redemption accounting
Shares outstanding and market tracking

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: 29/04/2026