What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2026-03-02 compared with 2025-02-28 · 28 added, 25 removed, 11 unchanged (83% of the section changed)

2 unchanged sentences

Ended December 31, 2025

Three months ended

(Amounts in 000’s of US$, except for Share and per Share data)

Sponsor’s Fee

in 000’s of US$, except for Share and per Share data)

Waiver of Sponsor’s Fee (Note 2.7)

Total expenses

Net investment loss

REALIZED AND UNREALIZED GAINS / (LOSSES)

Realized (loss) / gain on silver transferred to pay expenses

Realized (loss) / gain on silver distributed for the redemption of Shares

Change in unrealized gain and loss on investment in silver

Total (loss) / gain on investment in silver

Change in net assets from operations

Net increase / (decrease) in net assets per Share

Weighted average number of Shares

investment loss

AND UNREALIZED GAINS / (LOSSES)

(loss) / gain on silver transferred to pay expenses

(loss) / gain on silver distributed for the redemption of Shares

in unrealized gain and loss on investment in silver

(loss) / gain on investment in sliver

in net assets from operations

increase / (decrease) in net assets per Share

average number of Shares

Ended December 31, 2024

Three months ended

(Amounts in 000’s of US$, except for Share and per Share data)

Sponsor’s Fee

Waiver of Sponsor’s Fee (Note 2.7)

(Amounts in 000’s of US$, except

for Share and per Share data)

Sponsor’s Fee (Note 2.7)

Total expenses

Net investment loss

REALIZED AND UNREALIZED GAINS / (LOSSES)

Realized (loss) / gain on silver transferred to pay expenses

Realized (loss) / gain on silver distributed for the redemption of Shares

Change in unrealized gain and loss on investment in silver

Total (loss) / gain on investment in sliver

Change in net assets from operations

Net increase / (decrease) in net assets per Share

Net investment

REALIZED AND UNREALIZED

GAINS / (LOSSES)

Realized (loss) / gain on silver transferred

to pay expenses

Realized (loss) / gain on silver distributed

for the redemption of Shares

Change in unrealized

gain and loss on investment in silver

Total (loss) /

gain on investment in sliver

Change in net assets

from operations

Net increase / (decrease)

in net assets per Share

Weighted average number of Shares

4 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 8. Financial Statements and Supplementary Data