abrdn Silver ETF Trust Files Q2 2024 10-Q
Ticker: SIVR · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 1450922
Sentiment: neutral
Topics: etf, quarterly-report, silver
TL;DR
abrdn Silver ETF Trust filed its Q2 10-Q. All good.
AI Summary
abrdn Silver ETF Trust filed its quarterly report on Form 10-Q for the period ending June 30, 2024. The filing details the trust's financial position and performance. The trust, formerly known as Aberdeen Standard Silver ETF Trust and ETFS SILVER TRUST, is incorporated in Delaware and has a fiscal year end of December 31.
Why It Matters
This filing provides investors with an update on the financial health and holdings of the abrdn Silver ETF Trust, crucial for understanding its performance and value.
Risk Assessment
Risk Level: low — This is a routine quarterly filing for an ETF, providing standard financial disclosures.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
- 20240809 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- abrdn Silver ETF Trust (company) — Filer of the 10-Q
- Aberdeen Standard Silver ETF Trust (company) — Former name of the filer
- ETFS SILVER TRUST (company) — Previous former name of the filer
- 20240630 (date) — End of the reporting period
- 20240809 (date) — Filing date
FAQ
What is the primary purpose of this Form 10-Q filing?
The Form 10-Q is a quarterly report filed by abrdn Silver ETF Trust to provide an update on its financial position and performance for the period ending June 30, 2024.
When was the abrdn Silver ETF Trust previously known by other names?
The trust was formerly known as Aberdeen Standard Silver ETF Trust (effective October 1, 2018) and prior to that, ETFS SILVER TRUST (effective November 26, 2008).
What is the fiscal year end for abrdn Silver ETF Trust?
The fiscal year end for abrdn Silver ETF Trust is December 31.
In which state is abrdn Silver ETF Trust incorporated?
abrdn Silver ETF Trust is incorporated in Delaware (DE).
What is the SEC file number for abrdn Silver ETF Trust?
The SEC file number for abrdn Silver ETF Trust is 001-34412.
Filing Stats: 4,813 words · 19 min read · ~16 pages · Grade level 10.3 · Accepted 2024-08-09 16:34:14
Key Financial Figures
- $ — ember 31, 2023 (Amounts in 000's of US$, except for Share and per Share data)
Filing Documents
- sivr-10q_063024.htm (10-Q) — 331KB
- ex31-1.htm (EX-31.1) — 9KB
- ex31-2.htm (EX-31.2) — 9KB
- ex32-1.htm (EX-32.1) — 4KB
- ex32-2.htm (EX-32) — 5KB
- 0001999371-24-009838.txt ( ) — 1940KB
- sivr-20240630.xsd (EX-101.SCH) — 20KB
- sivr-20240630_cal.xml (EX-101.CAL) — 13KB
- sivr-20240630_def.xml (EX-101.DEF) — 28KB
- sivr-20240630_lab.xml (EX-101.LAB) — 167KB
- sivr-20240630_pre.xml (EX-101.PRE) — 119KB
- sivr-10q_063024_htm.xml (XML) — 238KB
SIGNATURES
SIGNATURES 18 abrdn Silver ETF Trust PART I. FINANCIAL INFORMATION Item 1. Financial Statements of Assets and Liabilities At June 30, 2024 (Unaudited) and December 31, 2023 June 30, 2024 December 31, 2023 (Amounts in 000's of US$, except for Share and per Share data) ASSETS Investment in silver (cost: June 30, 2024: $ 995,463 ; December 31, 2023: $ 966,910 ) $ 1,336,981 $ 1,060,674 Total assets 1,336,981 1,060,674 LIABILITIES Fees payable to Sponsor 328 271 Total liabilities 328 271 NET ASSETS (1) $ 1,336,653 $ 1,060,403 (1) Authorized share capital is Unlimited with no par value per Share. Shares issued and outstanding at June 30, 2024 were 47,600,000 and at December 31, 2023 were 46,550,000 . Net asset values per Share at June 30, 2024 and December 31, 2023 were $ 28.08 and $ 22.78 , respectively. See Notes to the Financial Statements 1 abrdn Silver ETF Trust Schedules of Investments At June 30, 2024 (Unaudited) and December 31, 2023 June 30, 2024 Description oz Cost Fair Value % of Net Assets Investment in silver (in 000's of US$, except for oz and percentage data) Silver 45,521,998.2 $ 995,463 $ 1,336,981 100.02 % Total investment in silver 45,521,998.2 $ 995,463 $ 1,336,981 100.02 % Less liabilities ( 328 ) ( 0.02 )% Net Assets $ 1,336,653 100.00 % 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 of Operations (Unaudited) For the three and six months ended June 30, 2024 and 2023 Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Six Months Ended June 30, 2024 Six