As of September 30, 2024, iShares Silver Trust reported significant growth in its financial metrics compared to the previous fiscal period. The investment in silver bullion at fair value reached $14.58 billion, a substantial increase from $10.39 billion at the end of December 2023. Total assets mirrored this growth, also rising to $14.58 billion from $10.39 billion. Net assets increased to $14.57 billion, up from $10.39 billion, resulting in a net asset value (NAV) per share of $28.34, compared to $21.78 at the end of the previous year.

The cost of investment in silver bullion for the current period was reported at $11.35 billion, an increase from $9.62 billion in the previous period. Total expenses for the three months ended September 30, 2024, were $16.93 million, up from $13.38 million in the same period of 2023. For the nine-month period, total expenses rose to $44.72 million from $40.63 million.

The Trust experienced a significant net realized gain of $272.85 million for the three months ended September 30, 2024, compared to $95.51 million in the prior year. For the nine-month period, net realized gains surged to $771.82 million from $226.42 million. The net realized and unrealized gain for the three months was $817.56 million, up from $316.10 million in 2023, while for the nine months, it reached $3.22 billion, a stark contrast to a loss of $414.54 million in the previous year.

The net increase in net assets resulting from operations for the three months ended September 30, 2024, was $800.63 million, compared to $302.72 million in 2023. For the nine-month period, this figure was $3.18 billion, a significant recovery from a loss of $455.17 million in the same period of the previous year.

The Trust's outstanding shares increased from 478.8 million to 514.2 million during the quarter, with 85.15 million shares created and 49.75 million shares redeemed. The price of silver rose by 5.82% during the quarter and by 30.64% over the nine-month period, contributing to the overall increase in net assets.

The Sponsor's fees for the quarter were $16.93 million, representing 0.13% of average weighted assets, while for the nine-month period, fees totaled $44.72 million, or 0.37% of average weighted assets. The Trust continues to operate under U.S. GAAP, with its financial statements reflecting a strong performance driven by favorable market conditions for silver.