Net assets decreased by 8.47% to $4.97 billion during the first quarter of 2026. The price per ounce of silver rose 0.97% to $72.69 as of March 31, 2026. Total shares outstanding declined from 79.25 million to 71.90 million during the quarter. The net asset value (NAV) per share increased by 0.89% to $69.13. The Trust recorded a net investment loss of $4.31 million, primarily driven by the Sponsor's fee.