abrdn Silver ETF Trust Q3 2024 Filing
Ticker: SIVR · Form: 10-Q · Filed: Nov 12, 2024 · CIK: 1450922
Sentiment: neutral
Topics: etf, silver, quarterly-report, sec-filing
TL;DR
abrdn Silver ETF Trust filed its Q3 2024 10-Q. Silver holdings update.
AI Summary
abrdn Silver ETF Trust filed its quarterly report for the period ending September 30, 2024. The filing details the trust's financial performance and holdings, including its silver assets. The trust, formerly known as Aberdeen Standard Silver ETF Trust and ETFS SILVER TRUST, is managed by abrdn and is incorporated in Delaware.
Why It Matters
This filing provides investors with an update on the abrdn Silver ETF Trust's financial status and holdings, crucial for understanding the performance and value of their investment in silver.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing for an ETF, providing routine updates rather than indicating significant new risks.
Key Numbers
- 2024-09-30 — Reporting Period End (This is the end date for the quarterly report.)
- 2024-11-12 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- abrdn Silver ETF Trust (company) — Filer of the 10-Q report
- abrdn (company) — Manager of the ETF
- Aberdeen Standard Silver ETF Trust (company) — Former name of the ETF
- ETFS SILVER TRUST (company) — Previous former name of the ETF
- September 30, 2024 (date) — Quarterly period end date
FAQ
What was the previous name of abrdn Silver ETF Trust?
The trust was formerly known as Aberdeen Standard Silver ETF Trust and prior to that, ETFS SILVER TRUST.
What period does this 10-Q filing cover?
This quarterly report covers the period ended September 30, 2024.
Who is the filer of this report?
The filer is abrdn Silver ETF Trust, with Central Index Key 0001450922.
In which state was abrdn Silver ETF Trust incorporated?
abrdn Silver ETF Trust was incorporated in Delaware (DE).
What is the business address of the trust?
The business address is C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA, PA 19103.
Filing Stats: 4,763 words · 19 min read · ~16 pages · Grade level 10.5 · Accepted 2024-11-12 16:23:22
Key Financial Figures
- $ — ember 31, 2023 (Amounts in 000's of US$, except for Share and per Share data)
Filing Documents
- sivr-10q_093024.htm (10-Q) — 362KB
- ex31-1.htm (EX-31.1) — 8KB
- ex31-2.htm (EX-31.2) — 9KB
- ex32-1.htm (EX-32.1) — 4KB
- ex32-2.htm (EX-32.2) — 4KB
- 0001999371-24-014551.txt ( ) — 1945KB
- sivr-20240930.xsd (EX-101.SCH) — 19KB
- sivr-20240930_cal.xml (EX-101.CAL) — 14KB
- sivr-20240930_def.xml (EX-101.DEF) — 21KB
- sivr-20240930_lab.xml (EX-101.LAB) — 162KB
- sivr-20240930_pre.xml (EX-101.PRE) — 114KB
- sivr-10q_093024_htm.xml (XML) — 247KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.
Controls and Procedures
Controls and Procedures 15
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 16 Item 1A.
Risk Factors
Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 16
SIGNATURES
SIGNATURES 17 abrdn Silver ETF Trust
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements and Liabilities At September 30, 2024 (Unaudited) and December 31, 2023 September 30, 2024 December 31, 2023 (Amounts in 000's of US$, except for Share and per Share data) ASSETS Investment in silver (cost: September 30, 2024: $ 1,039,978 ; December 31, 2023: $ 966,910 ) $ 1,453,617 $ 1,060,674 Total assets 1,453,617 1,060,674 LIABILITIES Fees payable to Sponsor 356 271 Total liabilities 356 271 NET ASSETS (1) $ 1,453,261 $ 1,060,403 (1) Authorized share capital is Unlimited with no par value per Share. Shares issued and outstanding at September 30, 2024 were 48,950,000 and at December 31, 2023 were 46,550,000 . Net asset values per Share at September 30, 2024 and December 31, 2023 were $ 29.69 and $ 22.78 , respectively. See Notes to the Financial Statements 1 abrdn Silver ETF Trust Schedules of Investments At September 30, 2024 (Unaudited) and December 31, 2023 September 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 46,777,687.0 $ 1,039,978 $ 1,453,617 100.02 % Total investment in silver 46,777,687.0 $ 1,039,978 $ 1,453,617 100.02 % Less liabilities ( 356 ) ( 0.02 )% Net Assets $ 1,453,261 100.00 % 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 (Unaudited) For the three and nine months ended September 30, 2024 and 2023 Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Month