10-K Filing

ISHARES SILVER TRUST CIK: 1330568 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-24-004672`
Period End Date	20231231
Filing Date	20240220
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	slv20231231c_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 30 Cash Flow Statement 44

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$11.33B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$10.47B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$10.03B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$9.62B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$10.39B	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	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`	$14.80B	USD	Point-in-time
Investment in silver bullion, at fair value	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$11.16B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$11.16B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$10.39B	USD	Point-in-time
Shares issued (in shares)	`TemporaryEquitySharesIssued`	477.00M	shares	Point-in-time
Shares issued (in shares)	`TemporaryEquitySharesIssued`	506.55M	shares	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$4.63M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$4.49M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$4.49M	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`	$10.39B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$14.79B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$11.16B	USD	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	477.00M	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`	$21.78	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$24.61	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$22.03	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sponsor's fees	`SponsorsFees`	$56.44M	USD	Annual
Sponsor's fees	`SponsorsFees`	$71.21M	USD	Annual
Sponsor's fees	`SponsorsFees`	$53.56M	USD	Annual
Total expenses	`OperatingExpenses`	$53.56M	USD	Annual
Total expenses	`OperatingExpenses`	$71.21M	USD	Annual
Total expenses	`OperatingExpenses`	$56.44M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-71.21M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-56.44M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-53.56M	USD	Annual
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$13.26M	USD	Annual
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-38.59K	USD	Annual
Silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$3.87M	USD	Annual
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-176.99M	USD	Annual
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$282.62M	USD	Annual
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$1.35B	USD	Annual
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$1.36B	USD	Annual
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$286.50M	USD	Annual
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$-177.03M	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-3.40B	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$215.45M	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-361.92M	USD	Annual
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$-2.04B	USD	Annual
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$38.42M	USD	Annual
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$-75.42M	USD	Annual
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	Annual
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-18.02M	USD	Annual
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-128.98M	USD	Annual
Net decrease in net assets per Share(a) (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	Annual
Net decrease in net assets per Share(a) (in dollars per share)	`EarningsPerShareBasic`	$-3.46	USD	Annual
Net decrease in net assets per Share(a) (in dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$56.96M	USD	Annual
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$71.84M	USD	Annual
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$53.71M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$71.84M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$53.71M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$56.96M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	Annual
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-18.02M	USD	Annual
Net decrease in net assets resulting from operations	`NetIncomeLoss`	$-128.98M	USD	Annual
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$56.96M	USD	Annual
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$71.84M	USD	Annual
Proceeds from silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$53.71M	USD	Annual
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$1.36B	USD	Annual
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$286.50M	USD	Annual
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$-177.03M	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-3.40B	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$215.45M	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-361.92M	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-634.10K	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-529.37K	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-145.55K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$3.61B	USD	Annual
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$6.74B	USD	Annual
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$3.58B	USD	Annual
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$4.22B	USD	Annual
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$4.68B	USD	Annual
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$7.17B	USD	Annual

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