abrdn Silver ETF Trust
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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Item 8. Financial Statements and Supplementary Data
Quarterly Income Statements
Year Ended December 31, 2025
| 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 | $1,730 | $1,901 | $2,746 | $4,570 | $10,947 |
| Less: Waiver of Sponsor’s Fee (Note 2.7) | (577) | (633) | (916) | (1,523) | (3,649) |
| Total expenses | 1,153 | 1,268 | 1,830 | $3,047 | $7,298 |
| Net investment loss | (1,153) | (1,268) | (1,830) | (3,047) | (7,298) |
| REALIZED AND UNREALIZED GAINS / (LOSSES) | |||||
| Realized (loss) / gain on silver transferred to pay expenses | 239 | 309 | 473 | 940 | 1,961 |
| Realized (loss) / gain on silver distributed for the redemption of Shares | 29,040 | — | — | 165,487 | 194,527 |
| Change in unrealized gain and loss on investment in silver | 219,010 | 101,007 | 625,013 | 1,702,454 | 2,647,484 |
| Total (loss) / gain on investment in sliver | 248,289 | 101,316 | 625,486 | 1,868,881 | 2,843,972 |
| Change in net assets from operations | $247,136 | $100,048 | $623,656 | $1,865,834 | $2,836,674 |
| Net increase / (decrease) in net assets per Share | $4.88 | $1.88 | $9.99 | $25.08 | $47.07 |
| Weighted average number of Shares | 50,642,222 | 53,274,725 | 62,454,891 | 74,397,283 | 60,263,562 |
Year Ended December 31, 2024
| Three months ended · Year ended | |||||
|---|---|---|---|---|---|
| (Amounts in 000’s of US$, except for Share and per Share data) | March 31 | June 30 | September 30 | December 31 | December 31 |
| EXPENSES | |||||
| Sponsor’s Fee | $1,176 | $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 sliver | 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 |
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.