This fund grants investors direct access to physical silver by holding 1,000-ounce international silver bars within a trust. Each share held signifies a fractional ownership interest in these underlying silver holdings. The physical metal is securely stored in treasury vault facilities at a Canadian chartered bank, offering a streamlined and efficient way to invest in silver. The Trust's Net Asset Value (NAV) is calculated daily by taking the London Bullion Market Association (LBMA) silver ounce price, set at approximately 12:00 noon London time, and dividing it by the total number of shares outstanding at the market's close. The fund's assets will consist almost entirely of silver bullion, with only minor amounts, if any, allocated to silver certificates.

Silver Bullion Trust ETF Non-Currency Hedged Units

The fund provides investors pure exposure to silver by holding the physical metal, in 1,000 ounce international bar sizes, in trust. Each share represents a fractional interest in the trust. The silver bars are held in treasury vault facilities at a Canadian chartered bank, thus, providing a convenient and efficient way to invest in silver. It is important to note to determine the NAV of the Trust, the value of silver is based on an ounce price as set by London Bullion Market Association at approximately 12:00 noon London divided by the number of shares outstanding for the fund at the market close of trading each day. The fund will hold substantially all of its assets in silver bullion and minor amounts in silver certificates, if any.

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