PSLV

The Sprott Physical Silver Trust (PSLV) is a closed‑end trust that invests almost entirely in physical silver bullion, holding fully allocated, unencumbered London Good Delivery bars stored in secure vaults. Its strategy is to provide a straightforward, exchange‑traded way to own physical silver without the handling, storage, or insurance costs of direct purchases, and the trust does not engage in short‑term price speculation or hold other securities beyond limited money‑market assets. Because each unit represents a proportional claim on the underlying metal, the fund appeals to investors seeking direct exposure to silver’s price movements, diversification away from equities, or a potential tax‑advantaged commodity position within a liquid, listed vehicle.