This fund enables investors to gain exposure to physical silver via the Canadian Silver Reserves Program. The Royal Canadian Mint acts as the official custodian, holding the silver bullion on behalf of those who own Exchange Traded Receipts (ETRs). These ETRs are publicly listed on the TSX and can be traded just like any other security available on the exchange. Each ETR grants its owner an undivided beneficial stake in the silver bullion managed by the custodian, guaranteeing that beneficial ownership of the silver always resides with the ETR holder. It's important to note that the underlying silver bullion is stored on an unallocated basis, meaning an individual ETR holder's share of bullion is not physically separated from other unallocated silver reserves at the Mint.

Royal Canadian Mint - Canadian Silver Reserves

The fund provides exposure to physical silver through the Canadian Silver Reserves Program by the Royal Canadian Mint (the Mint) the custodian of the silver bullion on behalf of ETR holders. ETRs are listed on the TSX and may be bought and sold like any other exchange-listed securities. Each ETR represents an undivided beneficial interest in silver bullion held by the custodian. This means that ETR holders beneficially owned silver bullion, and that ownership remains at all times. The silver bullion underlying the ETRs is stored on an unallocated basis, such that the bullion owned by an ETR holder is not held separately from the other unallocated bullion held at the Mint.

MNS Stock Price, Chart, Stats & News

MNS chart

About

Similar securities