WSLV/WSILWisdomTree Core Physical Silver
ISIN: JE00BQRFDY490.19%
Management Fee (MER)
As of 03/07/2026
13 August 2024
Inception Date
US$874,753,569
Fund AUM
As of 03/07/2026
USD
Base currency
Overview
Product Description
WisdomTree Core Physical Silver is a UCITS Eligible Exchange Traded Commodity (ETC) designed to offer security holders a simple, cost-efficient and secure way to access Physical Silver by providing a return equivalent to the movements in the Physical Silver spot price less the applicable management fee. WisdomTree Core Physical Silver is backed by physical, allocated Physical Silver held by HSBC Bank plc (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated. For example, if Physical Silver rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if Physical Silver falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
Why WSLV/WSIL?
- Physically backed, direct Investment in Physical Silver.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Transparency: Metal entitlement is published daily.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of the metal.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The price of Physical Silver may fluctuate and may be affected by numerous factors including supply and demand, the global financial markets and other political, financial or economic events. The value of securities in this ETP is directly affected by increases and decreases in the value of Physical Silver. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the price of Physical Silver .
- Currency Risk: The price of Physical Silver is generally quoted in US Dollars. To the extent that a security holder values their holdings in another currency, the value will be affected by changes in the exchange rate.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Articles and Research Papers
Nitesh Shah
Silver: Surfing on gold’s coattails
Silver’s outlook ultimately hinges less on its own fundamentals and more on its relationship with gold. While softer industrial and jewellery demand and moderate investment flows may act as near-term headwinds, these are unlikely to outweigh the influence of a supportive macro backdrop for precious metals. With the market still in deficit and structural demand drivers intact, silver remains well positioned to participate in further upside, albeit with continued volatility.
- Precious Metals
- Commodities
Nitesh Shah
Commodities 2026: Late cycle, new regimes
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Nitesh Shah
Silver outlook to Q4 2026: structural deficits and a gold-driven price path
Silver enters 2026 with tight supply, persistent structural deficits and a price path led by gold. Limited mine supply, rising industrial demand and silver’s leveraged link to gold underpin our forecast for prices to reach $88/oz by Q4 2026, despite growing photovoltaic (PV) thrifting.
- Precious Metals
Aneeka Gupta, Blake Heimann, Dovile Silenskyte, Nitesh Shah
Research roundtable: 4 market views in 4 minutes
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Fund Overview
| Product Overview | As of 03/07/2026 |
|---|---|
| ISIN | JE00BQRFDY49 |
| Asset Class | Commodities |
| Base Currency | USD |
| Inception Date | 13 August 2024 |
| Currency Hedged | No – this product is not protected against adverse currency movements |
| Vault Inspector | Inspectorate International (Vault inspected 2x per annum) |
| Vault Location | London |
| Metals Lending | No |
| Physical Redemption | Yes Click here for details |
| Underlying exposure | Physically backed with allocated metal subject to LBMA rules for Good Delivery |
| Net Asset Value | As of 03/07/2026 |
|---|---|
| NAV | US$62.033 |
| Daily Change | US$2.605 |
| Daily return | 4.384% |
| Total AUM of fund | US$874,753,569 |
| Issuer AUM | US$18,443,597,253 |
| Shares Outstanding | 13,980,497 |
| Metal Entitlement | Silver 13,881,800 troy oz |
| Ounces | Silver 0.996433980 troy oz |
Structure
| Structure | As of 03/07/2026 |
|---|---|
| Legal Form | Debt security |
| Legal Structure | ETC |
| Replication Method | Physical - backed by bullion |
| Domicile | Jersey |
| Further Legal and Tax Information | As of 03/07/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Yes |
| UK Reporting Status | Yes |
| Sharia Compliant | Yes |
Key Service Providers
| Key Service Providers | As of 03/07/2026 |
|---|---|
| Custodian | HSBC Bank plc |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Issuer | WisdomTree Metal Securities Limited |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Fees | As of 03/07/2026 |
|---|---|
| Management Fee (MER) | 0.19% |
Passported Countries
Listings & Codes
| Country | Exchange | Trading Currency | Exchange Ticker | Bloomberg Ticker | RIC | SEDOL | ISIN | WKN | Settlement Period | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| LSE | USD | WSLV | WSLV LN | WSLV.L | BQRFDY4 | JE00BQRFDY49 | A4AE1X | T + 2 | 20/08/2024 | |
| LSE | GBx | WSIL | WSIL LN | WSIL.L | BMWRXP8 | JE00BQRFDY49 | A4AE1X | T + 2 | 20/08/2024 | |
| Borsa Italiana | EUR | WSLV | WSLV IM | WSLV.MI | BRRGRF3 | JE00BQRFDY49 | A4AE1X | T + 2 | 20/08/2024 | |
| Xetra | EUR | WSLV | WSLV GY | WSLV.DE | BRRGS49 | JE00BQRFDY49 | A4AE1X | T + 2 | 20/08/2024 | |
| BMV | MXN | WSLV | WSLVN MM | WSLVN.MX | BTTMHV9 | JE00BQRFDY49 | A4AE1X | T + 2 | 26/03/2026 |
Underlying Holdings
Silver Spot price
Each individual WisdomTree Core Physical Silver Security has an effective entitlement to silver, and that entitlement changes daily to reflect the accrual of the management fee.
Authorised participants create and redeem WisdomTree Core Physical Silver Securities by delivering or receiving silver that conforms to LBMA Good Delivery standards.
WisdomTree Core Physical Silver Securities are traded on exchange with a price that is based on the spot price of silver multiplied by the applicable metal entitlement.
Price Reference | |
|---|---|
Price Reference Name | Silver Spot price |
Security | 04 May 2026 |
|---|---|
1. Physical silver | 100.00% |
Documents
Product
KID
Prospectus
Reports and Regulatory
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Metal Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of HSBC Bank plc and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of HSBC Bank plcand JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.