Sprott Physical Silver Trust filed its interim management report and unaudited financial statements for the period ended June 30, 2026. Net assets declined to $12,642 million ($20.01 per unit) from $15,108.9 million at year-end 2025, driven by a $3.1 billion unrealized loss on silver bullion as the spot price fell to $58.60 per troy ounce from $71.66. The Trust held 215.6 million troy ounces of physical silver and incurred management fees of $37.9 million for the six-month period. It issued 30.3 million units via its ATM program for $833.6 million in gross proceeds while redeeming 12.9 million units valued at $342.7 million. The Trust operates in the precious metals investment industry, providing an exchange-traded vehicle for holding physical silver bullion.