WisdomTree Physical Silver (PHAG.L)

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This UCITS-eligible Exchange Traded Commodity (ETC), WisdomTree Physical Silver, provides investors with a direct, cost-effective, and secure avenue for investing in physical silver. Its objective is to mirror the movements of the physical silver spot price, adjusted for its management fees. The product is entirely backed by allocated physical silver bullion, which is securely held by HSBC Bank plc, acting as the custodian. Only silver bars that comply with the London Bullion Market Association's (LBMA) Good Delivery specifications are accepted by the custodian. Each individual silver bar supporting the ETC is segregated, uniquely identified, and assigned. As a result, the ETC's value will directly reflect changes in the silver price; for instance, a 1% increase or decrease in physical silver's spot price over a day would lead to a corresponding 1% increase or decrease in the ETC's value, before any fees are applied.