WisdomTree Physical Silver

WisdomTree Physical Silver is a UCITS-eligible Exchange Traded Commodity (ETC) that provides investors with direct exposure to the physical silver market. Launched on April 24, 2007, and domiciled in Jersey, it tracks the spot price of physical silver according to London Bullion Market Association (LBMA) Good Delivery standards, less a 0.49% annual management fee. Backed by allocated physical silver bars held in custody by HSBC Bank plc in London vaults, each bar is segregated, individually identified, and inspected twice yearly by Inspectorate International, ensuring transparency with daily published metal entitlements. This structure offers a secure, cost-efficient alternative to direct ownership, eliminating the need for investors to handle storage, insurance, or delivery. Traded on exchanges like a security, it mirrors silver price movements—for instance, a 1% rise in silver spot price results in a corresponding 1% gain in the ETC, net of fees—while maintaining liquidity through authorized participants and market makers. With over €3 billion in assets under management, WisdomTree Physical Silver plays a key role in commodities portfolios, enabling precise access to silver as an industrial metal and store of value without leverage or currency hedging.