10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-022119`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	slv20230630c_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 48 Cash Flow Statement 44

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$11.78B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$12.06B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$11.33B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$10.24B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$10.03B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$10.06B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$11.04B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$12.25B	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$13.86B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$10.52B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$11.08B	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$11.16B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$10.52B	USD	Point-in-time
Shares issued (in shares)	`TemporaryEquitySharesIssued`	509.85M	shares	Point-in-time
Shares issued (in shares)	`TemporaryEquitySharesIssued`	506.55M	shares	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$11.16B	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$4.51M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$4.63M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$4.51M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$4.63M	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$12.25B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$10.51B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$11.16B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$11.08B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$13.86B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$11.03B	USD	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	509.85M	shares	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	506.55M	shares	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$21.35	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$22.03	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$20.62	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$22.92	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$21.95	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$18.83	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Sponsor's fees	`SponsorsFees`	$15.94M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$31.90M	USD	2 Qtrs
Sponsor's fees	`SponsorsFees`	$14.12M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$27.25M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$15.94M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$27.25M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$14.12M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$31.90M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-27.25M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-14.12M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-15.97M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-15.94M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-13.13M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-31.90M	USD	2 Qtrs
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$903.44K	USD	1 Quarter
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.32M	USD	1 Quarter
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$2.09M	USD	2 Qtrs
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$2.21M	USD	2 Qtrs
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$27.65M	USD	1 Quarter
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$79.64M	USD	1 Quarter
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$128.82M	USD	2 Qtrs
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$97.53M	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$49.95M	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$71.19M	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$130.91M	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$28.55M	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$99.74M	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$80.96M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-861.55M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$874.38M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-115.73M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.54B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-1.66B	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-745.82M	USD	1 Quarter
Net realized and unrealized loss	`GainLossOnInvestments`	$-730.64M	USD	2 Qtrs
Net realized and unrealized loss	`GainLossOnInvestments`	$-1.56B	USD	2 Qtrs
Net realized and unrealized loss	`GainLossOnInvestments`	$-2.51B	USD	1 Quarter
Net realized and unrealized loss	`GainLossOnInvestments`	$-664.86M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-1.59B	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-2.52B	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-757.89M	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$929.60M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-78.91M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-678.98M	USD	1 Quarter
Net decrease in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-4.15	USD	1 Quarter
Net decrease in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-1.33	USD	1 Quarter
Net decrease in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-1.48	USD	2 Qtrs
Net decrease in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-2.67	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$32.24M	USD	2 Qtrs
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$27.38M	USD	2 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$27.38M	USD	2 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$32.24M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-1.59B	USD	2 Qtrs
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-2.52B	USD	1 Quarter
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-757.89M	USD	2 Qtrs
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$929.60M	USD	1 Quarter
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-78.91M	USD	1 Quarter
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-678.98M	USD	1 Quarter
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$32.24M	USD	2 Qtrs
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$27.38M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$49.95M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$71.19M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$130.91M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$28.55M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$99.74M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$80.96M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-861.55M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$874.38M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-115.73M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.54B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-1.66B	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-745.82M	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-334.32K	USD	2 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-125.81K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$2.14B	USD	2 Qtrs
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$2.18B	USD	2 Qtrs
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$2.07B	USD	2 Qtrs
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.76B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.