SIVR experienced massive growth with assets under management increasing 282% to $5.4B and net income surging over 1200% to $2.8B, driven by substantial share creation activity.
This represents exceptional growth for the silver ETF, with outstanding shares increasing from 51.5M to 79.3M shares, indicating strong investor demand for silver exposure. The dramatic increase in assets under management and net income reflects both new capital inflows and likely favorable silver price performance during 2025.
The Trust demonstrated explosive growth across all major metrics, with total assets and stockholders' equity both rising 282% to $5.4B, while net income skyrocketed over 1200% to $2.8B. Total liabilities increased proportionally by 275% to $1.4M, though gross profit turned negative at -$163K from a positive $196K, likely reflecting higher operational costs from managing the larger asset base. The reduction in share buybacks from $64.8M to $32.8M alongside the massive share creation activity signals strong net inflows and robust investor appetite for silver exposure.
Net income grew 1217.9% — bottom-line growth signals improving overall business health.
Asset base grew 282.1% — expansion through organic growth, acquisitions, or capital deployment.
Equity base grew 282.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.
Liabilities grew 275.4% — significant increase in debt or obligations, assess impact on financial flexibility.
Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.
Buyback activity reduced 49.3% — capital being redeployed elsewhere or cash conservation underway.
See what changed in your portfolio's filings
500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.
Try Tracenotes free →