abrdn Silver ETF Trust
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data*(Unaudited)*
Quarterly Income Statements
Year Ended December 31, 2023
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| 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 gain on silver transferred to pay expenses | 61 | 73 | 69 | 49 | 252 |
| Realized 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 gain / (loss) 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 | $(0.28) |
| Weighted average number of Shares | 48,033,889 | 49,348,352 | 48,246,196 | 46,977,174 | 48,148,767 |
Year Ended December 31, 2022
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $1,168 | $1,265 | $1,049 | $1,110 | $4,592 |
| Less: Waiver of Sponsor’s Fee (Note 2.7) | (390) | (421) | (350) | (370) | (1,531) |
| Total expenses | 778 | 844 | 699 | 740 | 3,061 |
| Net investment loss | (778) | (844) | (699) | (740) | (3,061) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized gain / loss on silver transferred to pay expenses | 77 | 92 | (50) | (69) | 50 |
| Realized gain / loss on silver distributed for the redemption of Shares | — | 779 | (4,936) | (1,512) | (5,669) |
| Change in unrealized gain / (loss) on investment in silver | 73,050 | (225,906) | (61,597) | 229,412 | 14,959 |
| Total gain / (loss) on investment in silver | 73,127 | (225,035) | (66,583) | 227,831 | 9,340 |
| Change in net assets from operations | $72,349 | $(225,879) | $(67,282) | $227,091 | $6,279 |
| Net (decrease) / increase in net assets per Share | $1.58 | $(4.35) | $(1.38) | $4.71 | $0.13 |
| Weighted average number of Shares | 45,887,222 | 51,967,582 | 48,841,304 | 48,192,391 | 48,728,767 |
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.