Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end investment trust that provides direct exposure to physical silver bullion. The trust primarily holds unencumbered, fully allocated London Good Delivery silver bars stored in secure vault facilities, giving investors a way to participate in the silver market through an exchange-listed vehicle rather than handling and storing metal themselves. Its mandate focuses on maintaining long-term holdings of physical silver, avoiding derivatives or leveraged silver exposure, and ensuring that all silver owned is specifically allocated to the trust. Sprott Physical Silver Trust serves investors seeking a transparent structure with regular disclosure of its bullion holdings and a clear link between the trust’s units and underlying physical silver. The trust is established under the laws of the Province of Ontario, Canada, and is available to both Canadian and international investors through public listings. By concentrating exclusively on physical silver, it plays a specialized role in the broader commodities and precious metals segment of the financial markets.