iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust's each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust's custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor's fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption. The Trust seeks to reflect the performance of the price of silver before payment of its expenses and liabilities.
Basic Details
Issuer iShares
Fund NameiShares Silver Trust
Tax ClassificationGrantor Trust
SymbolNYSEARCA:SLV
Inception Date4/21/2006
Fund Manager
WebN/A
Phone+1-415-6702000
Fund Focus
Asset ClassCommodities
BenchmarkLBMA Silver Price
CategoryPrecious Metals
FocusSilver
Development LevelBlended Development
RegionGlobal
Fund Statistics
Assets Under Management$6.40 billion
Average Daily Volume$11.73 million
Discount/Premium-0.04%
ETF Expenses
Management Fee0.50%
Other Expenses0.00%
Total Expenses0.50%
Fee Waiver0.00%
Net Expenses0.50%
Administrator, Advisor and Custodian
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianJPMorgan Chase Bank, N.A., London Branch
DistributorBlackRock Investments, LLC
Transfer AgentThe Bank of New York Mellon Corporation
TrusteeThe Bank of New York Mellon Corporation
Lead Market MakerIMC Chicago
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