Silver Trust Net Asset Value Surpasses $6 Billion

Sprott Physical Silver Trust Net Asset Value Reaches $6 Billion

Toronto, Ontario, March 27, 2023 – Sprott Physical Silver Trust (PSLV) is pleased to announce that its net asset value (NAV) has surpassed $6 billion, a significant milestone for the trust.

As of March 27, 2023, the trust's NAV has reached $6.01 billion, representing a total return of 73.5% since inception. The trust's NAV has consistently increased over the past year, driven by the rising price of silver and the trust's successful accumulation of physical silver.

"We are thrilled to reach this significant milestone," said John Reardon, President and CEO of Sprott Inc. "The trust's success is a testament to the growing demand for physical silver as a safe-haven asset and the trust's ability to provide investors with a direct and transparent way to own physical silver."

The Sprott Physical Silver Trust is a unique investment vehicle that allows investors to own physical silver bullion, providing a hedge against inflation, currency fluctuations and market volatility. The trust is designed to track the price of silver, minus expenses, and is one of the largest and most liquid physical silver trusts in the world.

"We believe that the trust's success is a reflection of the growing importance of physical silver as a diversification tool and a hedge against market uncertainty," added Mr. Reardon. "We are committed to continuing to provide investors with a transparent and cost-effective way to own physical silver, and we look forward to reaching even more milestones in the future."