Quarterly ResultMay 7, 2026, 03:48 PM
iShares Silver Trust Q1 Net Assets $35.67B; NAV/Share $65.81
AI Summary
iShares Silver Trust reported a decrease in net assets to $35.67 billion at March 31, 2026, from $38.05 billion at December 31, 2025, primarily due to a net decrease of 40,950,000 shares outstanding. Despite this, the Net Asset Value per Share increased by 0.83% to $65.81, reflecting a 0.97% rise in the price of silver during the quarter. The Trust recorded a net increase in net assets from operations of $497.4 million, driven by significant realized gains on silver bullion, partially offset by unrealized depreciation and the sponsor's fee.
Key Highlights
- Net Assets decreased to $35.67 billion at March 31, 2026, from $38.05 billion at December 31, 2025.
- Net Asset Value per Share increased to $65.81 at March 31, 2026, from $65.27 at December 31, 2025.
- Investment in silver bullion at fair value decreased to $35.69 billion from $38.06 billion.
- Shares outstanding decreased by 40,950,000 to 542,000,000.
- Net increase in net assets from operations was $497.4 million for the three months ended March 31, 2026.
- Sponsor's fee for the quarter was $52.73 million.
- Net realized gain from silver bullion was $6.02 billion.
- Net change in unrealized depreciation was $5.47 billion.