| Market Capitalization (Millions $) |
4,417 |
| Shares
Outstanding (Millions) |
72 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
1,655 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
The Abrdn Silver Etf Trust is an exchange-traded fund (ETF) that is designed to track the performance of silver bullion. It allows investors to gain exposure to the price of silver without owning physical silver itself. The ETF is managed by Abrdn, a global asset management company, and it holds physical silver bars in secure vaults.
Investors can buy and sell shares of the ETF on stock exchanges throughout the trading day, making it a convenient and liquid investment option. The trust is structured as a grantor trust, which means that the assets are owned by the trust and not the shareholders. The trust's net asset value (NAV) is calculated daily based on the market value of the silver held.
Investing in the Abrdn Silver Etf Trust provides investors with a way to participate in the price movements of silver, which can be influenced by factors such as industrial demand, investor sentiment, and macroeconomic conditions. It offers diversification benefits to a portfolio, as silver prices often have a low correlation with other asset classes.
Overall, the Abrdn Silver Etf Trust is a vehicle for investors to gain exposure to the silver market through the convenience and accessibility of an ETF.
Company Address: 1900 Market Street Philadelphia 19103 PA
Company Phone Number: 383-7289 Stock Exchange / Ticker: NYSEArca SIVR
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