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PSLV on NYSE

Sprott Physical Silver Trust

Sprott Physical Silver Trust is a Canadian commodity contracts brokers and dealers company based in Toronto.2 Its shares trade on NYSE under the symbol PSLV.2

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Last updated Oct 21, 2026.

Overview

$8.5BNet income, fiscal 20253

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  • TickerPSLV on NYSE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersToronto, Canada2
  • Incorporated inOntario, Canada4
  • Business address200 Bay Street, 200 Bay St. #2600, Toronto, A6 M5J 2J14
  • Legal formFund2
  • Kind of organizationFund2
  • LEI254900PJ9IVB3F1PUC042
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address200 Bay Street, M5J 2J1 Toronto, Canada2
  • Registered withCanadian Securities Administrators, 0000302032

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

56.1%Return on equity3

Financial statements

Gross profit56789103$8.5B in 2025
-$2.5B0$2.5B$5.0B$7.5B$10.0B2018: -$81.6M-$81.6M20182019: $132.4M$132.4M20192020: $733.1M$733.1M2020+454%2021: -$528.0M-$528.0M20212022: $123.6M$123.6M20222023: -$29.2M-$29.2M20232024: $849.8M$849.8M20242025: $8.5B$8.5B2025+903%
Net income56789103$8.5B in 2025
-$2.5B0$2.5B$5.0B$7.5B$10.0B2018: -$87.7M-$87.7M20182019: $126.1M$126.1M20192020: $722.8M$722.8M2020+473%2021: -$549.5M-$549.5M20212022: $103.2M$103.2M20222023: -$53.5M-$53.5M20232024: $821.2M$821.2M20242025: $8.5B$8.5B2025+932%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Net realized gains (losses) on redemptions and sales of silver bullion (note 6)-$1.4M
Net change in unrealized gains (losses) on silver bullion (note 6)$8.5B$850.6M
Other income$1.5M$634.0K
GrossProfit$8.5B$849.8M
Management fees (note 8)$35.1M$22.3M
Bullion storage fees$4.3M$3.9M
Sales tax$2.7M$1.6M
Listing and regulatory filing fees$803.0K$127.0K
Unitholder reporting costs$368.0K$243.0K
Legal fees$228.0K$255.0K
Administrative fees$159.0K$167.0K
Audit fees$105.0K$96.0K
Independent Review Committee fees$8.0K$9.0K
Trustee fees$4.0K$4.0K
Custodial fees$3.0K$3.0K
Net foreign exchange losses (gains)-$5.0K$5.0K
ExpenseByNature$43.8M$28.6M
Net income (loss) and comprehensive income (loss)$8.5B$821.2M
Weighted average number of Units557.1M shares498.2M shares
Increase (decrease) in total equity from operations per Unit$15$2

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Corporate structure

Sprott Physical Silver Trust sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sprott Physical Silver Trust

  • BlackRock Filed SC 13G on Sprott Physical Silver Trust, latest Mar 7, 2024 (2 filings since Feb 14, 2024)
  • Sprott Physical Silver Trust Toronto, Ontario, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sprott Physical Silver Trust reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$198.9M3 Dec 31, 2025$9.7M3 Dec 31, 2024+1943.9%

Timeline

  1. Jun 30, 2010Founded Sprott Physical Silver Trust is founded2

Filings

41 filings to the SEC since October 2021: 5 annual reports, 2 large holders, 34 other. The latest 20:

  1. Aug 13, 20266-K CURRENT REPORT OF FOREIGN ISSUER EDGAR
  2. May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Mar 16, 202640-F ANNUAL REPORT FILED BY CANADIAN ISSUERS EDGAR
  4. Jan 20, 2026SUPPL SUPPLEMENTAL MATERIAL EDGAR
  5. Jan 20, 2026F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  6. Jan 20, 2026F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  7. Jan 20, 2026F-10EF REGISTRATION STATEMENT EDGAR
  8. Dec 11, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
  9. Nov 7, 20256-K CURRENT REPORT OF FOREIGN ISSUER PURSUANT EDGAR
  10. Aug 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. May 15, 20256-K EDGAR
  12. May 2, 20256-K CURRENT REPORT EDGAR
  13. May 2, 2025SUPPL VOLUNTARY SUPPLEMENTAL MATERIAL EDGAR
  14. May 1, 2025F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  15. May 1, 2025F-X FOR APPOINTMENT OF AGENT FOR SERVICE OF PROCESS EDGAR
  16. May 1, 2025F-10EF AUTO EFFECTIVE REGISTRATION EDGAR
  17. Mar 20, 202540-F ANNUAL REPORT FILED BY CANADIAN ISSUERS EDGAR
  18. Dec 9, 20246-K CURRENT REPORT EDGAR
  19. Dec 9, 2024SUPPL VOLUNTARY SUPPLEMENTAL EDGAR
  20. Nov 15, 20246-K CURRENT REPORT EDGAR

The 41 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • BlackRockSC 13G, 2 filings Feb 14, 2024 to Mar 7, 202411

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Federation des caisses Desjardins du Quebec22,711,159$427.6M1.3%+4,985,569
IMC-Chicago, LLC17,254,071$325.6M3.0%+4,400,600
BlackRock, Inc.15,149,827$285.9M0.0%+4,179,194
Jupiter Asset Management Ltd9,666,763$184.2M0.9%+198,880
Goldman Sachs Group Inc7,485,156$141.2M0.0%+2,927,318
Alps Advisors Inc5,777,206$109.0M0.5%−375,553
Morgan Stanley4,809,674$90.8M0.0%+113,448
LPL Financial LLC3,033,769$57.2M0.0%−150,184
Weiss Asset Management LP2,801,789$52.9M0.8%−5,388,581
Royal Bank Of Canada2,750,841$51.9M0.0%−95,336
Capital Wealth Alliance, LLC2,233,141$42.1M19.6%+13,347
Kestra Advisory Services, LLC1,891,228$35.7M0.1%+226,082
Wells Fargo & Company/mn1,791,676$33.8M0.0%−52,612
Sprott Inc.1,676,600$31.6M1.1%+20,605
Fidelis Capital Partners, LLC1,650,820$31.2M1.8%No change
Jane Street Group, LLC1,578,571$29.8M0.0%−446,433
Raymond James Financial Inc1,551,185$29.3M0.0%−43,585
Osaic Holdings, Inc.1,506,034$28.4M0.0%+165,881
Cetera Investment Advisers1,373,009$25.9M0.0%−84,146
Hollencrest Capital Management1,372,914$25.9M1.7%−4,480
Prospera Financial Services Inc1,340,709$25.3M0.4%−1,864
Beacon Pointe Advisors, LLC1,332,949$25.2M0.1%+9,324
Kovack Advisors, Inc.1,270,887$24.0M1.2%+928,447
WIT Partners Advisory Pte. Ltd.1,258,030$23.7M11.1%+250,473
World Investment Advisors963,167$23.5M0.4%−40,463

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sprott Physical Silver Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSprott Physical Silver Trust1
  • CIK0001494728
  • Incorporated inOntario, Canada12
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address200 Bay Street, 200 Bay St. #2600, Toronto, A6 M5J 2J11
  • Phone(416) 943-80991
  • Shares outstanding614,415,855 as of Dec 31, 20253
  • On EDGAR sinceJul 9, 20101
  • Filings300 in all: 6-K (88), 425 (65), SUPPL (24), F-10/A (20), F-X (20), 40-F (15), CORRESP (11), SC 13D/A (10)1
    All 25 form types

    UPLOAD (9), F-10 (8), F-1/A (6), 6-K/A (3), FWP (3), 424B1 (2), EFFECT (2), F-1 (2), F-10EF (2), SC 13G (2), SC 13G/A (2), 20-F (1), 8-A12B (1), CERTARCA (1), F-1MEF (1), RW (1), SC 13D (1)

  • Latest filingsAnnual report (40-F) Mar 16, 2026

Securities registered for trading

ClassSymbolExchange
UnitsPSLVNYSE Arca

From the cover page of the 40-F filed Mar 16, 2026 (Section 12(b) of the Exchange Act).12

Sources

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