The Invesco Physical Silver ETC is designed to give investors exposure to the spot price of silver. This is accomplished through exchange-traded certificates, each fully backed by physical silver bullion held in dedicated, allocated accounts within J.P. Morgan Chase Bank's London vaults. The certificates are issued by Invesco Physical Markets PLC (Invesco PMP), an entity domiciled in Ireland, with administrative services provided by J.P. Morgan Administration Services (Ireland) Limited. Investment returns are generated solely from the value of this held silver bullion, which is appraised daily using the London Bullion Market Association (LBMA) Silver price. A "swing bar" mechanism is employed to guarantee that the amount of physical silver bullion always equals or exceeds the total value of all outstanding certificates. It's important to note that Invesco ETCs are classified as exchange-traded certificates, distinguishing them from traditional investment funds or exchange-traded funds (ETFs).

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