abrdn Silver ETF Trust Files Quarterly Report for Period Ended March 31, 2024

TL;DR

<b>abrdn Silver ETF Trust (SIVR) has filed its Q1 2024 10-Q report, confirming compliance with SEC filing requirements.</b>

AI Summary

abrdn Silver ETF Trust (SIVR) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. The abrdn Silver ETF Trust (SIVR) filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The ETF is registered under the Securities Exchange Act of 1934 and has been subject to its filing requirements for the past 90 days. The filing confirms that the registrant has submitted all required Interactive Data Files electronically. The ETF's shares are registered and traded on the NYSE Arca under the trading symbol SIVR. The principal executive offices are located at c/o abrdn ETFs Sponsor LLC, 1900 Market Street, Suite 200, Philadelphia, PA 19103.

Why It Matters

For investors and stakeholders tracking abrdn Silver ETF Trust, this filing contains several important signals. This filing provides investors with the latest financial and operational information for the abrdn Silver ETF Trust, crucial for assessing its performance and holdings. As a publicly traded ETF, adherence to SEC reporting standards like this 10-Q is vital for transparency and investor confidence in the silver market.

Risk Assessment

Risk Level: low — abrdn Silver ETF Trust shows low risk based on this filing. The filing is a routine quarterly report and does not indicate any unusual financial distress or significant operational changes for the abrdn Silver ETF Trust.

Analyst Insight

Investors should review the full 10-Q filing for detailed financial statements, risk factors, and management's discussion and analysis to understand the ETF's current standing.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Form 10-Q)
• 2024-05-09 — Filing Date (Form 10-Q)
• 001-34412 — Commission File Number (SEC Filing)

Key Players & Entities

• abrdn Silver ETF Trust (company) — Registrant name
• SIVR (company) — Trading symbol
• 10-Q (document) — Form type
• March 31, 2024 (date) — Quarterly period ended
• abrdn ETFs Sponsor LLC (company) — Address of principal executive offices
• 1900 Market Street, Suite 200 (address) — Business address
• Philadelphia, PA 19103 (address) — Business address
• NYSE Arca (company) — Name of each exchange on which registered

FAQ

Industry Context

The abrdn Silver ETF Trust is an exchange-traded fund designed to track the price of silver.

Regulatory Implications

The ETF operates under the regulations of the Securities Exchange Act of 1934, requiring regular filings like this 10-Q with the SEC.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and disclosures.
2. Monitor future filings for updates on the ETF's holdings and performance.
3. Assess the ETF's alignment with investment goals based on its silver-tracking objective.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-09: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This filing is a standard quarterly report (10-Q) and does not provide comparative data against a previous filing within this JSON structure.

Key Financial Figures

• $ — ember 31, 2023 (Amounts in 000's of US$, except for Share and per Share data)

Filing Documents

• sivr-10q_033124.htm (10-Q) — 242KB
• ex31-1.htm (EX-31.1) — 8KB
• ex31-2.htm (EX-31.2) — 9KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 5KB
• 0001999371-24-005864.txt (&nbsp;) — 1674KB
• sivr-20240331.xsd (EX-101.SCH) — 19KB
• sivr-20240331_cal.xml (EX-101.CAL) — 13KB
• sivr-20240331_def.xml (EX-101.DEF) — 21KB
• sivr-20240331_lab.xml (EX-101.LAB) — 163KB
• sivr-20240331_pre.xml (EX-101.PRE) — 117KB
• sivr-10q_033124_htm.xml (XML) — 160KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 15

SIGNATURES

SIGNATURES 16 abrdn Silver ETF Trust

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Financial Statements At March 31, 2024 (Unaudited) and December 31, 2023 March 31, 2024 December 31, 2023 (Amounts in 000's of US$, except for Share and per Share data) ASSETS Investment in silver (cost: March 31, 2024: $ 969,241 ; December 31, 2023: $ 966,910 ) $ 1,095,643 $ 1,060,674 Total assets 1,095,643 1,060,674 LIABILITIES Fees payable to Sponsor 279 271 Total liabilities 279 271 NET ASSETS (1) $ 1,095,364 $ 1,060,403 (1) Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2024 were 46,650,000 and at December 31, 2023 were 46,550,000 . Net asset values per Share at March 31, 2024 and December 31, 2023 were $ 23.48 and $ 22.78 , respectively. See Notes to the Financial Statements 1 abrdn Silver ETF Trust Schedules of Investments At March 31, 2024 (Unaudited) and December 31, 2023 March 31, 2024 Description oz Cost Fair Value % of Net Assets Investment in silver (in 000's of US$, except for oz and percentage data) Silver 44,647,220.4 $ 969,241 $ 1,095,643 100.03 % Total investment in silver 44,647,220.4 $ 969,241 $ 1,095,643 100.03 % Less liabilities ( 279 ) ( 0.03 )% Net Assets $ 1,095,364 100.00 % December 31, 2023 Description oz Cost Fair Value % of Net Assets Investment in silver (in 000's of US$, except for oz and percentage data) Silver 44,584,861.0 $ 966,910 $ 1,060,674 100.03 % Total investment in silver 44,584,861.0 $ 966,910 $ 1,060,674 100.03 % Less liabilities ( 271 ) ( 0.03 )% Net Assets $ 1,060,403 100.00 % See Notes to the Financial Statements 2 abrdn Silver ETF Trust For the three months ended March 31, 2024 and 2023 Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (Amounts in 000's of US$, except for Share and per Share data) EX

Management's Discussion and Analysis of Financial

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This information should be read in conjunction with the financial follows may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may relate to the Trust's financial condition, operations, future performance and business. These statements can be identified by the use of the words "may", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" or similar words and phrases. These statements are based upon certain assumptions and analyses the Sponsor has made based on its perception of historical trends, current conditions and expected future developments. Neither the Trust nor the Sponsor is under a duty to update any of the forward-looking statements, to conform such statements to actual results or to reflect a change in management's expectations or predictions. Introduction The Trust is a common law trust, formed under the laws of the have any officers, directors, or employees and is administered by the Trustee pursuant to the Trust Agreement. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. It does not hold or trade in commodity futures contracts, nor is it a commodity pool, or subject to regulation as a commodity pool operator or a commodity trading adviser in connection with issuing Shares. The Trust holds silver and is expected to issue Baskets in exchange f

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