Description

The Invesco Physical Silver ETC aims to provide the performance of the spot silver price through certificates collateralised with silver bullion. Each Silver ETC is a certificate, which is secured by silver bullion held in J.P. Morgan Chase Bank's London vaults. The Issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by J.P. Morgan Administration Services (Ireland) Limited.The investment return is achieved by holding silver bullion, which is valued daily at the London Bullion Market Association ("LBMA") Silver price. The ETC will use a “swing bar” approach, whereby silver bullion equal to at least the full value of the certificates will be held in an allocated account in the name of the issuer.Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.