abrdn Silver ETF Trust
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
Quarterly Income Statements
Year Ended December 31, 2024
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| March 31 | June 30 | September 30 | December 31 | December 31 | |
| (Amounts in 000’s of US$, except for Share and per Share data) | |||||
| EXPENSES | |||||
| Sponsor’s Fee | $1,176 | $1,446 | $1,561 | $1,702 | $5,885 |
| Less: Waiver of Sponsor’s Fee (Note 2.7) | (392) | (482) | (520) | (568) | (1,962) |
| Total expenses | 784 | 964 | 1,041 | $1,134 | $3,923 |
| Net investment loss | (784) | (964) | (1,041) | (1,134) | (3,923) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized (loss) / gain on silver transferred to pay expenses | 49 | 180 | 253 | 330 | 812 |
| Realized (loss) / gain on silver distributed for the redemption of Shares | 561 | 1,314 | 8,463 | 40,012 | 50,350 |
| Change in unrealized gain and loss on investment in silver | 32,638 | 215,116 | 72,120 | (151,873) | 168,001 |
| Total (loss) / gain on investment in silver | 33,248 | 216,610 | 80,836 | (111,531) | 219,163 |
| Change in net assets from operations | $32,464 | $215,646 | $79,795 | $(112,665) | $215,240 |
| Net increase / (decrease) in net assets per Share | $0.69 | $4.58 | $1.65 | $(2.22) | $4.46 |
| Weighted average number of Shares | 46,817,033 | 47,076,374 | 48,248,370 | 50,767,391 | 48,234,290 |
Year Ended December 31, 2023
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| March 31 | June 30 | September 30 | December 31 | December 31 | |
| (Amounts in 000’s of US$, except for Share and per Share data) | |||||
| EXPENSES | |||||
| Sponsor’s Fee | $1,192 | $1,233 | $1,253 | $1,193 | $4,871 |
| Less: Waiver of Sponsor’s Fee (Note 2.7) | (397) | (411) | (418) | (398) | (1,624) |
| Total expenses | 795 | 822 | 835 | $795 | $3,247 |
| Net investment loss | (795) | (822) | (835) | (795) | (3,247) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized (loss) / gain on silver transferred to pay expenses | 61 | 73 | 69 | 49 | 252 |
| Realized (loss) / gain on silver distributed for the redemption of Shares | 2,811 | 2,404 | 2,741 | 2,695 | 10,651 |
| Change in unrealized gain and loss on investment in silver | (5,448) | (71,724) | 25,735 | 30,399 | (21,038) |
| Total (loss) / gain on investment in sliver | (2,576) | (69,247) | 28,545 | 33,143 | (10,135) |
| Change in net assets from operations | $(3,371) | $(70,069) | $27,710 | $32,348 | $(13,382) |
| Net increase / (decrease) in net assets per Share | $(0.07) | $(1.42) | $0.57 | $0.69 | $(0.28) |
| Weighted average number of Shares | 48,033,889 | 49,348,352 | 48,246,196 | 46,977,174 | 48,148,767 |
Note: Quarterly balances may not add to totals due to independent rounding.
The financial statements required by Regulation S-X, together with the report of the Trust’s independent registered public accounting firm appear on pages F-1 to F-13 of this filing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.