The company faces risks related to the sourcing and supply of silver, influenced by geopolitical events such as the suspension of accreditation for Russian silver refiners and conflicts in eastern Europe, which can affect silver availability and price volatility. Public health emergencies, including the COVID-19 pandemic, may disrupt the operations of mines, refineries, vaults, and transportation networks involved in silver extraction, production, storage, and delivery, potentially impacting the Trust's ability to settle transactions. Such emergencies may also cause operational disruptions to the Trust's service providers, including the Sponsor, Trustee, Custodian, and the Intercontinental Exchange Benchmark Administration (IBA), which hosts the electronic auction used to determine the LBMA Silver Price for valuing the Trust's silver. Additionally, changes in governmental fiscal and monetary policies in response to economic disruptions can contribute to volatility in the silver market.
Abrdn Silver Etf Trust's Comment on Supply Chain
The company faces risks related to the sourcing and supply of silver, influenced by geopolitical events such as the suspension of accreditation for Russian silver refiners and conflicts in eastern Europe, which can affect silver availability and price volatility. Public health emergencies, including the COVID-19 pandemic, may disrupt the operations of mines, refineries, vaults, and transportation networks involved in silver extraction, production, storage, and delivery, potentially impacting the Trust's ability to settle transactions. Such emergencies may also cause operational disruptions to the Trust's service providers, including the Sponsor, Trustee, Custodian, and the Intercontinental Exchange Benchmark Administration (IBA), which hosts the electronic auction used to determine the LBMA Silver Price for valuing the Trust's silver. Additionally, changes in governmental fiscal and monetary policies in response to economic disruptions can contribute to volatility in the silver market.
Sources:
Abrdn Silver Etf Trust's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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