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AI brief of an SEC Form 8-K · abrdn Silver ETF Trust (SIVR)

abrdn Silver ETF Trust switches silver custodian to ICBC Standard Bank from JPMorgan

Neutral Impact 2 of 5 product/contract Written later

The trust signed new custody agreements with ICBC Standard Bank Plc to hold its silver and gave notice to terminate its agreements with JPMorgan Chase Bank N.A. The trust also amended its Depositary Trust Agreement to change the benchmark price definition, effective June 18, 2024, and moved creation and redemption settlement to T+1 from May 28, 2024. The filing states no cost or expense was or will be incurred by the trust or shareholders from the custodian change.

Key points

  • New custody agreements with ICBC Standard Bank Plc dated May 23, 2024
  • Notice of termination of JPMorgan agreements delivered May 23, 2024; effective once all silver is transferred to the new custodian
  • Trust Amendment effective June 18, 2024 replaces London Fix with LBMA Silver Price
  • Creation and redemption moves to T+1 settlement beginning May 28, 2024

The filing

Companyabrdn Silver ETF Trust (SIVR)
Form8-K, current report
Filed with the SECMay 28, 2024, 4:52 PM ET
Accession number0001999371-24-006704

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.