Sprott Physical Silver Trust
PSLV
New York Stock Exchange American- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Noble-George Wilson
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 Bay Street Toronto ON Canada M5J 2J1
- IPO Date
- Oct 29, 2010
- CIK
- 0001494728
- Website
- sprott.com
- Similar Companies
- Business
- Sprott Physical Silver Trust (NYSE Arca: PSLV, TSX: PSLV/PSLV.U) is a closed-end mutual fund trust that invests and holds substantially all of its assets in unencumbered, fully allocated physical silver bullion in the form of London Good Delivery bars stored at the Royal Canadian Mint; the Trust provides a secure, convenient, exchange-traded alternative for investors seeking exposure to physical silver without the logistical challenges of direct ownership, including features such as physical redemption of units for silver bullion subject to minimum requirements, direct registration system access, and options trading availability. Headquartered in Toronto, Ontario, at 200 Bay Street, Suite 2600, the Trust was established on October 27, 2010, and operates under the management of Sprott Asset Management LP, a subsidiary of Sprott Inc., with RBC Investor Services as trustee and KPMG as auditor; it trades on the NYSE Arca and Toronto Stock Exchange, targeting retail and institutional investors interested in precious metals as an inflation hedge or portfolio diversifier, with a management expense ratio of 0.57%. The Trust's silver holdings, fully segregated and verifiable by serial number, support its primary objective of tracking silver prices while offering liquidity and potential U.S. tax advantages over direct bullion or derivative-based products. In recent developments, the Trust announced on December 11, 2025, an expansion of its at-the-market equity program by an additional U.S.$1 billion in units across the United States and Canada, pursuant to a prospectus supplement, to facilitate efficient acquisition of physical silver amid surging demand and silver price rallies; this follows the Trust's net asset value surpassing US$10 billion on October 14, 2025, with holdings exceeding 202.6 million ounces, reflecting heightened investor interest in physical metals. On September 2, 2025, options on PSLV began trading on the Bourse de Montreal, enhancing accessibility for derivatives strategies; earlier amendments to the Trust Agreement in November 2020 and prior ATM program expansions underscore ongoing efforts to scale operations and accommodate inflows without market disruption. These changes position the Trust to capitalize on silver's structural supply-demand imbalances and all-time price highs, with net assets reaching approximately $13.82 billion and 207.5 million ounces held as of December 17, 2025.