SIVR gives investors pure exposure to silver by holding the physical metal in trust. Each share represents a fractional interest in the trust. The metal is held with JPMorgan Chase Bank in London at a secured vault. Thus, providing a convenient way to invest in silver. It has tracked the spot price of silver perfectly. It is important to note to determine the NAV of the Trust, the value of silver is based on an ounce price as set by London Bullion Market Association at approximately 12:00 noon London divided by the number of shares outstanding for the fund at 4:00 p.m. New York time, each trading day. In addition, investors should be aware of the tax treatment as SIVR is deemed a collectible by the IRS. Aberdeen purchased the fund effective October 1, 2018 from ETF Securities. Prior to March 31, 2020, the fund was named Aberdeen Standard Physical Silver Shares ETF.
