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
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.
| % | |
|---|---|
| Physical silver exposure | 100% Shares that provide investors with direct exposure to the price of silver held by the Trust. |
| Share creation and redemption | 0% Basket-based issuance and redemption mechanics used by authorized participants to trade the ETF. |
| Bullion custody and administration | 0% 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...
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
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
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
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
: 29.4.2026