Product description

The Invesco Physical Silver ETC aims to provide the performance of the spot silver price through certificates collateralised with silver bullion. Each Silver ETC is a certificate which is secured by silver bullion held in J.P. Morgan Chase Bank's London vaults. The Issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by Wells Fargo Bank N.A. The vast majority of silver bullion is held in allocated silver bars. Any residual value that cannot be split into standard silver bars will be put into unallocated silver. This is placed in a segregated account with J.P. Morgan Chase Bank acting as Custodian and Deutsche Bank as Trustee. The investment return is achieved by holding silver bullion which is valued daily at the London fixing price. Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.

Security Information

General information
Base currency USD
Dividend treatment None
Minimum investment 1 certificate
Launch date 13 Apr 2011
Certificates outstanding 2,486,469
Exchanges London Stock Exchange
London Stock Exchange
Further information
ISA Eligible
SIPP Eligible
UCITS Eligible
UK reporting status Yes
Passported to Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy (Institutional only), Luxembourg, Netherlands, Norway, Portugal, Spain, Switzerland (Institutional only), Sweden, United Kingdom
Structure
Legal form Certificate (PD compliant)
Replication method Physical
Assets owned Physical Silver
Domicile Ireland
Financial year end 31 December
Key service providers
Issuer Invesco Physical Markets plc
Manager Deutsche Bank A.G.
Portfolio administrator Deutsche Bank A.G.
Depositary J.P. Morgan Chase Bank N.A.
Trustee Deutsche Bank Trustee Company Limited
Auditor PricewaterhouseCoopers
Promoter Invesco UK Services Limited

Key information

Bloomberg ticker SSLV LN
ISIN IE00B43VDT70
Benchmark BBG ticker SLVRLN
Fixed fee 0.39%
CV (10 Jul 2019) $14.62
Total assets outstanding $36,343,817
Base currency USD

Key risks

If the issuer cannot pay the specified return, the silver will be used to repay investors. Investors will have no claim on the other assets of the Issuer.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco UK Services Limited accepts no responsibility for loss, however caused, resulting from errors in this data.

ETC performance is in the base currency, and is based on Net Asset Value after management fees. It does not consider commissions or custody fees payable when buying, holding or selling the ETC. The ETC does not charge entry or exit fees. Data: Invesco.

1. The daily precious metal entitlement is the amount of Fine Troy oz that is held as collateral for each certificate and decreases by the management fee which accrues daily. The total precious metal held is only reduced over a month when precious metal is sold to pay fees. The precious metal entitlement takes fees into account on a daily basis.
2. Total precious metal data up to date with last precious metal bar list appended to website.