iShares Physical Silver ETC (ISLN)

Profile

https://www.ishares.com/uk/individual/en/products/258443/ishares-physical-silver-etc-fund

iShares Physical Silver ETC is an exchange traded commodity that seeks to track the spot price of silver in US dollars, less fees, by holding physical silver bullion. Issued by iShares Physical Metals plc, it provides investors with direct exposure to the performance of silver without the need for physical delivery or trading futures contracts. The ETC is structured as a series of secured metal-linked debt securities, backed by allocated silver bars held with custodian JPMorgan, and valued daily at the London Silver Market PM fix price. State Street serves as the trustee, ensuring the integrity of the holdings. Launched in 2011 and domiciled in Ireland, iShares Physical Silver ETC operates on an accumulating basis with no distributions, focusing solely on replicating silver's price movements. As a physically replicated product in the commodities sector, it offers a liquid and transparent vehicle for accessing the precious metals market, particularly silver, which is valued for industrial uses in electronics, solar panels, and medical applications, as well as its role as a store of value.