abrdn Silver ETF Trust Reports 39.48% Asset Growth to $1.98 Billion

abrdn Silver ETF Trust reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025. The Trust's total assets increased to $1.98 billion, up from $1.42 billion at the end of 2024, marking a 39.48% rise. This growth was primarily driven by an increase in the fair value of its silver holdings, which rose to $1.98 billion from $1.41 billion, reflecting a substantial increase in the price of silver. The net asset value (NAV) per share also saw a notable increase, climbing to $34.29 from $27.59, representing a 24.28% increase over the six-month period.

The Trust's operational metrics indicate a robust increase in share issuance, with the number of shares outstanding rising to 57.8 million from 51.5 million during the same period. This increase was attributed to the creation of 10.85 million shares, while 4.55 million shares were redeemed. The Trust's net increase in assets from operations for the six months ended June 30, 2025, was $347.18 million, driven by realized gains on silver and a change in unrealized gains, despite a net investment loss of $2.42 million.

In terms of expenses, the Trust reported a Sponsor's Fee of $2.42 million for the six months, which was net of a voluntary waiver that reduced the fee to 0.30% of the adjusted net asset value. The fee structure remains consistent with previous periods, as the Sponsor continues to absorb many of the Trust's administrative costs. The Trust's expense ratio remained stable at 0.30%, reflecting effective cost management.

The Trust's strategic focus on silver investment continues to yield positive results, with no significant changes in its operational structure or management. The Trust remains committed to its investment objective of reflecting the performance of physical silver prices, less expenses. Looking ahead, the Trust's management expressed confidence in maintaining its growth trajectory, contingent on market conditions and silver price fluctuations. The Trust's liquidity position remains stable, with no cash balances reported, as it relies on in-kind transfers of silver to meet its operational expenses.

Overall, abrdn Silver ETF Trust's financial performance for the first half of 2025 demonstrates a strong alignment with its investment strategy, supported by favorable market conditions for silver. The Trust's ongoing commitment to transparency and effective management practices positions it well for future growth in the silver investment space.