Sprott Physical Silver Trust PSLV

Company Overview

Sprott Physical Silver Trust (NYSE Arca: PSLV, TSX: PSLV) is a closed-end physical silver trust formed to provide investors with exposure to physical silver bullion without the operational risks associated with mining companies or direct bullion storage. The trust is managed by Sprott Asset Management LP, a subsidiary of Sprott Inc., and operates within the precious metals investment and asset management industry. Its primary objective is to invest and hold substantially all of its assets in physical silver bullion stored in secure vault facilities, with unit value intended to reflect the price performance of silver less trust expenses.

The trust originated from the acquisition and restructuring of the former Central Fund of Canada silver-related assets and was established in its current form in 2010. PSLV differentiates itself from many exchange-traded commodity products through its emphasis on fully allocated physical silver holdings, redemption features for large unitholders, and storage arrangements with the Royal Canadian Mint, a Canadian Crown corporation. The trust primarily serves institutional investors, wealth managers, retail investors, and precious metals allocators seeking long-term exposure to silver as an inflation hedge, monetary metal, or portfolio diversification tool.