WisdomTree Physical Silver is an Exchange Traded Commodity (ETC) that meets UCITS eligibility criteria, designed to provide investors with a straightforward, economical, and secure avenue to invest in physical silver. Its returns are designed to track the fluctuations in the spot price of physical silver, net of its management charges. This ETC is supported by physically held, allocated silver bullion safeguarded by HSBC Bank plc, acting as custodian. The custodian only accepts metal that adheres to the London Bullion Market Association's (LBMA) 'Good Delivery' standards. Every physical bar is segregated, uniquely identified, and specifically allocated. To illustrate, a 1% increase in the physical silver spot price over a day would typically lead to a corresponding 1% rise in the ETC's value, prior to fees. Conversely, a 1% decrease in silver's spot price would result in a similar 1% fall in the ETC's value, excluding charges.