SLV on NYSE
iShares Silver Trust
American commodity contracts brokers and dealers company based in Wilmington2
In its 2026 annual report the company says: “The Trust is a grantor trust formed under the laws of the State of New York.”4 Its shares trade on NYSE under the symbol SLV.2
Price unavailable
Last updated Oct 21, 2026.
Overview
- TickerSLV on NYSE2
- IndustryCommodity Contracts Brokers & Dealers2
- HeadquartersWilmington, United States2
- Incorporated inNY3
- Business address400 Howard Street, San Francisco, Ca 941053
- Filer categoryLarge accelerated filer3
- Legal formTrust2
- Kind of organizationFund2
- LEI549300K2C2CG14B0ZA092
- StatusActive2
- LEI statusIssued and current2
- Registered address400 Howard Street, 94105 San Francisco, United States2
- Registered withSecurities and Exchange Commission, 00013305682
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The purpose of the iShares Silver Trust (the “Trust”) is to own silver transferred to the Trust in exchange for shares issued by the Trust (“Shares”). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of silver held by the Trust’s custodian on behalf of the Trust. However, there may be situations where the Trust will unexpectedly hold cash. For example, a claim may arise against a third party, which is settled in cash. In situations where the Trust unexpectedly receives cash or other assets, no new Shares will be issued until after the record date for the distribution of such cash or other property has passed.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sponsor's fees | $95.5M | $63.3M | $53.6M |
| Total expenses | $95.5M | $63.3M | $53.6M |
| Net investment loss | -$95.5M | -$63.3M | -$53.6M |
| Litigation proceeds | $17.3K | $138.8K | $0 |
| Silver bullion sold to pay expenses | $23.6M | $10.2M | $3.9M |
| Silver bullion distributed for the redemption of Shares | $3.6B | $1.2B | $282.6M |
| Net realized gain | $3.6B | $1.2B | $286.5M |
| Net change in unrealized appreciation/depreciation | $17.8B | $1.0B | -$361.9M |
| Net realized and unrealized gain (loss) | $21.4B | $2.2B | -$75.4M |
| Net increase (decrease) in net assets resulting from operations | $21.3B | $2.2B | -$129.0M |
| Net increase (decrease) in net assets per Share (in dollars per share) | $40.90 | $4.42 | -$0.26 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in silver bullion, at fair value | $38.1B | $13.4B | $10.4B | $11.2B |
| Total Assets | $38.1B | $13.4B | ||
| Sponsors fees payable | $14.2M | $6.0M | ||
| Total Liabilities | $14.2M | $6.0M | ||
| Net Assets | $38.0B | $13.4B | $10.4B | $11.2B |
| Shares issued and outstanding (in shares) | 583.0M shares | 508.9M shares | ||
| Net asset value per Share (Note 2C) (in dollars per share) | $65.27 | $26.33 | $21.78 | $22.03 |
| Investment in silver bullion, cost | $18.5B | $11.6B | $9.6B | $10.0B |
| Shares, par value (in dollars per share) | $0.00 | $0.00 | ||
| Shares issued (in shares) | 583.0M shares | 508.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in silver bullion, at fair value | $38.1B | $13.4B | $10.4B | $11.2B |
| Total Assets | $38.1B | $13.4B | ||
| Sponsors fees payable | $14.2M | $6.0M | ||
| Total Liabilities | $14.2M | $6.0M | ||
| Net Assets | $38.0B | $13.4B | $10.4B | $11.2B |
| Shares issued and outstanding (in shares) | 583.0M shares | 508.9M shares | ||
| Net asset value per Share (Note 2C) (in dollars per share) | $65.27 | $26.33 | $21.78 | $22.03 |
| Investment in silver bullion, cost | $18.5B | $11.6B | $9.6B | $10.0B |
| Shares, par value (in dollars per share) | $0.00 | $0.00 | ||
| Shares issued (in shares) | 583.0M shares | 508.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Expenses Sponsors fees paid | -$87.3M | -$61.8M | -$53.7M |
| Net cash provided by operating activities | $0 | $0 | $0 |
| Increase (decrease) in cash | $0 | $0 | $0 |
| Net increase (decrease) in net assets resulting from operations | $21.3B | $2.2B | -$129.0M |
| Proceeds from silver bullion sold to pay expenses | $87.3M | $61.8M | $53.7M |
| Litigation proceeds | -$17.3K | -$138.8K | $0 |
| Net realized (gain) loss | -$3.6B | -$1.2B | -$286.5M |
| Net change in unrealized appreciation/depreciation | -$17.8B | -$1.0B | $361.9M |
| Sponsors fees payable | $8.2M | $1.5M | -$145.6K |
| Net cash provided by (used in) operating activities | $0 | $0 | $0 |
| Silver bullion contributed for Shares issued | $15.6B | $7.6B | $3.6B |
| Silver bullion distributed for Shares redeemed | -$12.3B | -$6.8B | -$4.2B |
No quarter-by-quarter statement was filed.
Timeline
- Mar 31, 20268-K Executive or director change13
- Apr 26, 20248-K Executive or director change14
- Jun 6, 20228-K Executive or director change15
- Mar 8, 20228-K Executive or director change16
- Jan 31, 20228-K Entered a material agreement; Change to shareholders' rights17
- Jun 17, 2005Founded iShares Silver Trust is founded2
Filings
38 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 5 major events, 13 other. The latest 20:
- Aug 6, 202610-Q EDGAR
- May 7, 2026IRANNOTICE EDGAR
- May 7, 202610-Q EDGAR
- Mar 31, 2026424I EDGAR
- Mar 31, 20268-K EDGAR
- Feb 27, 202610-K EDGAR
- Feb 27, 2026IRANNOTICE EDGAR
- Nov 13, 2025FWP EDGAR
- Nov 6, 202510-Q EDGAR
- Aug 5, 202510-Q EDGAR
- May 7, 202510-Q EDGAR
- Mar 31, 2025424I FORM 424(I) EDGAR
- Feb 19, 202510-K EDGAR
- Nov 7, 202410-Q EDGAR
- Aug 8, 202410-Q EDGAR
- May 8, 202410-Q EDGAR
- Apr 26, 20248-K EDGAR
- Mar 28, 2024424I EDGAR
- Feb 20, 202410-K EDGAR
- Nov 3, 202310-Q EDGAR
The 38 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.
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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Morgan Stanley | 13,473,698 | $720.4M | 0.0% | +1,248,173 |
| UBS Group AG | 10,475,933 | $560.1M | 0.1% | +804,961 |
| Bank Of America Corp /de/ | 9,174,729 | $490.6M | 0.0% | +676,873 |
| LPL Financial LLC | 7,671,722 | $410.2M | 0.1% | +207,156 |
| Jane Street Group, LLC | 6,683,383 | $357.4M | 0.2% | −2,153,498 |
| Wells Fargo & Company/mn | 4,925,240 | $263.4M | 0.0% | −256,573 |
| Goldman Sachs Group Inc | 4,130,012 | $220.8M | 0.0% | +1,678,374 |
| Ctc LLC | 2,930,777 | $156.7M | 9.2% | −651,840 |
| Jpmorgan Chase & Co | 2,622,817 | $138.2M | 0.0% | +911,096 |
| Raymond James Financial Inc | 2,574,790 | $137.7M | 0.0% | +61,989 |
| Royal Bank Of Canada | 2,377,661 | $127.1M | 0.0% | −150,258 |
| Ameriprise Financial Inc | 2,132,759 | $113.8M | 0.0% | +61,976 |
| Bnp Paribas Financial Markets | 1,796,357 | $96.1M | 0.1% | −196,377 |
| Banco Bilbao Vizcaya Argentaria, S.a. | 1,501,060 | $80.7M | 0.5% | +33,501 |
| Mainstay Capital Management LLC /adv | 1,452,826 | $77.7M | 5.7% | −502,966 |
| Osaic Holdings, Inc. | 1,308,331 | $70.0M | 0.1% | +181,753 |
| Peak6 LLC | 1,251,735 | $66.9M | 1.6% | +134,831 |
| Rockefeller Capital Management L.P. | 1,196,009 | $64.0M | 0.1% | +89,879 |
| Envestnet Asset Management Inc | 1,181,858 | $63.2M | 0.0% | −124,429 |
| Schonfeld Strategic Advisors LLC | 1,181,810 | $63.2M | 0.3% | +760,483 |
| HighTower Advisors, LLC | 1,165,149 | $62.3M | 0.1% | +81,257 |
| Cetera Investment Advisers | 1,145,914 | $61.3M | 0.1% | −164,386 |
| Barclays PLC | 1,124,486 | $60.1M | 0.0% | +182,616 |
| Commonwealth Equity Services, LLC | 1,059,250 | $56.6M | 0.1% | −68,624 |
| Bank Of Montreal /can/ | 995,013 | $53.2M | 0.0% | −1,665,363 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jan 23, 2026 | John BoozmanRepublican, Senate | Sale | $1,001 - $15,000 | +56.1% | Report |
| Dec 24, 2025 | John BoozmanRepublican, Senate | Partial sale | $1,001 - $15,000 | +32.2% | Report |
| Oct 3, 2025 | John BoozmanRepublican, Senate | Partial sale | $1,001 - $15,000 | −4.0% | Report |
| Aug 1, 2025 | John BoozmanRepublican, Senate | Partial sale | $1,001 - $15,000 | −30.4% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How iShares 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 EDGARiShares Silver Trust1
- CIK0001330568
- Employer ID (EIN)13-74744564
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inNew York4
- Fiscal year endsDecember 311
- Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address400 Howard Street, San Francisco, CA 941051
- Phone415-670-20001
- Shares outstanding538,200,000 as of Jul 31, 202612
- Public float$17.2B as of Jun 30, 20254
- AuditorPricewaterhouseCoopers LLP, Philadelphia, Pennsylvania PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceJun 17, 20051
- Filings270 in all: FWP (73), 10-Q (61), 8-K (23), S-3ASR (21), 10-K (20), 424B3 (14), CORRESP (12), UPLOAD (11)1
All 25 form types
424I (4), POSASR (4), S-1/A (4), EFFECT (3), NO ACT (3), POS AM (3), 8-A12B (2), IRANNOTICE (2), S-1 (2), 10-K/A (1), 25 (1), AW (1), CERTAMX (1), NT 10-Q (1), POS462B (1), RW (1), S-3 (1)
- Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Aug 6, 2026
Latest 8-K (8-K) Mar 31, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Shares | SLV | NYSE Arca, Inc. |
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks iShares Silver Trust names in Item 1A of its 10-K filed Feb 27, 2026: 30 risks under these headings, as written.4
- Risks Related to Silver
- Actual or perceived disruptions in the processes used to determine the LBMA Silver Price, or lack of confidence in that benchmark, may adversely affect the return on your investment in the Shares (if any).
- Future governmental decisions may have significant impact on the price of silver, which may result in a significant decrease or increase in the value of the net assets and the net asset value of the Trust.
- Because the Trust holds only silver, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio.
- The demand for silver may temporarily exceed available supply that is acceptable for delivery to the Trust, which may adversely affect an investment in the Shares.
- Risks Related to the Shares
- A sudden increase in demand for Shares that temporarily exceeds supply may result in price volatility of the Shares.
- The trading price of the Shares has recently been, and could potentially continue to be, volatile.
- Because the Shares are created to reflect the price of the silver held by the Trust, the market price of the Shares will be as unpredictable as the price of silver has historically been. This creates the potential for losses, regardless of whether you hold Shares for a short-, mid- or long-term period.
- The amount of silver represented by each Share will decrease over the life of the Trust due to the sales of silver necessary to pay the Sponsor’s fees and other Trust expenses. Without increases in the price of silver sufficient to compensate for that decrease, the price of the Shares will also decline and you will lose money on your investment in Shares.
- The Trust is a passive investment vehicle. The Trust is not actively managed and will be affected by a general decline in the price of silver.
- The price received upon the sale of Shares may be less than the value of the silver represented by them.
The other 20 risks
- The costs inherent in buying or selling the Shares may detract significantly from investment results.
- The liquidation of the Trust may occur at a time when the disposition of the Trust’s silver will result in losses to investors in Shares.
- The liquidity of the Shares may also be affected by the withdrawal from participation of Authorized Participants.
- There may be situations where an Authorized Participant is unable to redeem a Basket. To the extent the value of silver decreases, these delays may result in a decrease in the value of the silver the Authorized Participant will receive when the redemption occurs, as well as a reduction in liquidity for all Shareholders in the secondary market.
- Authorized Participants with large holdings may choose to terminate the Trust.
- The lack of an active trading market for the Shares may result in losses on your investment at the time of disposition of your Shares.
- If the process of creation and redemption of Baskets encounters any unanticipated difficulties or is materially restricted due to any illiquidity in the market for physical silver, the possibility for arbitrage transactions by Authorized Participants, intended to keep the price of the Shares closely linked to the price of silver may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
- As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares.
- As an owner of Shares, you will not have the protections normally associated with ownership of shares in an investment company registered under the Investment Company Act, or the protections afforded by the CEA.
- Risks Related to the Trust and Its Operations
- The Trust is exposed to various operational risks.
- The Trust may be negatively impacted by the effects of the spread of illnesses or other public health emergencies on the global economy and the markets and service providers relevant to the performance of the Trust.
- The Trust relies on the information and technology systems of the Custodian, the Trustee, the Sponsor, the Authorized Participants, the listing exchange, and the Trust’s other service providers and counterparties (referred to herein as the “Service Providers”), each of which could be directly or indirectly adversely affected by information systems interruptions, cybersecurity incidents or other disruptions, which in turn could have a material adverse effect on the Trust.
- The Sponsor and its affiliates manage other accounts, funds or trusts, including those that invest in silver bullion or other precious metals, and conflicts of interest may occur, which may reduce the value of the net assets of the Trust, the NAV and the trading price of the Shares.
- The Sponsor and the Trustee may agree to amend the Trust Agreement without the consent of the Shareholders.
- Risks Related to the Custody of Silver
- The bullion custody operations of the Custodian are not subject to specific governmental regulatory supervision.
- The value of the Shares will be adversely affected if silver owned by the Trust is lost or damaged in circumstances in which the Trust is not able to recover the corresponding loss.
- Although the relationship between the Custodian and the Trustee concerning the Trust’s allocated silver is expressly governed by English law, a court hearing any legal dispute concerning that arrangement may disregard that choice of law and apply U.S. law, in which case the ability of the Trust to seek legal redress against the Custodian may be limited.
- Shareholders and Authorized Participants lack the right under the Custodian Agreement to assert claims directly against the Custodian, which significantly limits their options for recourse.
- Silver transferred to the Trust in connection with the creation of Baskets may not be of the quality required under the Trust Agreement. The Trust will sustain a loss if the Trustee inadvertantly issues Shares in exchange for silver of inferior quality and that loss will adversely affect the value of all existing Shares.
- The Trust’s lack of insurance protection and the Shareholders’ limited rights of legal recourse against the Trust, the Trustee, the Sponsor, the Custodian and any sub-custodian expose the Shareholders to the risk of loss of the Trust’s silver for which no person is liable.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARExecutive or director change
- 14SEC EDGARExecutive or director change
- 15SEC EDGARExecutive or director change
- 16SEC EDGARExecutive or director change
- 17