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

abrdn Silver ETF Trust ends JPMorgan silver custody; ICBC Standard Bank now sole custodian

Neutral Impact 2 of 5 product/contract Written later

Effective August 14, 2024, JPMorgan Chase Bank N.A. stopped serving as custodian of the trust's silver, after all silver was transferred to accounts held with ICBC Standard Bank Plc. The trust states that custody of all its silver is now held under agreements with the new custodian, and that no cost or expense was or will be incurred by the trust or shareholders because of the termination. This is an administrative change in custody arrangements.

Key points

  • Former custodian JPMorgan Chase Bank N.A. ceased custody effective August 14, 2024
  • New custodian is ICBC Standard Bank Plc, which now holds all of the trust's silver under allocated and unallocated account agreements
  • The filing states no cost or expense was or will be incurred by the trust or shareholders from the termination

The filing

Companyabrdn Silver ETF Trust (SIVR)
Form8-K, current report
Filed with the SECAug 15, 2024, 1:33 PM ET
Accession number0001999371-24-010198

Items reported: 1.02 Termination of Material Agreement

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 August 15, 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.