iShares Silver Trust
MX ˙ BMV ˙ US46428Q1094
SecurityMX:SLV / iShares Silver Trust
InstitutionWelch Group, LLC
Latest Disclosed Ownership21,791 shares
Latest Disclosed Value $ 1,484,839
Welch Group, LLC reports 19.97% decrease in ownership of SLV / iShares Silver Trust

On April 21, 2026 - Welch Group, LLC filed a 13F-HR form disclosing ownership of 21,791 shares of iShares Silver Trust (MX:SLV) valued at $1,484,839 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 27,230 shares of iShares Silver Trust. This represents a change in shares of -19.97% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-21 2026-03-31 13F ISHARES SILVER TR COMMON 46428Q109 21,791 -5,439 -19.97 1,485 -15.39 0.0558
2026-01-26 2025-12-31 13F ISHARES SILVER TR COMMON STOCK 46428Q109 27,230 1,997 7.91 1,754 64.08 0.0676
2025-10-14 2025-09-30 13F ISHARES SILVER TR COMMON 46428Q109 25,233 -810 -3.11 1,069 25.18 0.0417
2025-07-25 2025-06-30 13F ISHARES SILVER TR COMMON 46428Q109 26,043 4,476 20.75 854 27.84 0.0357
2025-04-08 2025-03-31 13F ISHARES SILVER TR COMMON 46428Q109 21,567 -325 -1.48 669 15.57 0.0294
2025-01-27 2024-12-31 13F ISHARES SILVER TR COMMON 46428Q109 21,892 2,030 10.22 579 2.48 0.0261
2024-10-24 2024-09-30 13F ISHARES SILVER TR COMMON 46428Q109 19,862 698 3.64 564 10.81 0.0245
2024-07-17 2024-06-30 13F ISHARES SILVER TR COMMON 46428Q109 19,164 1,361 7.64 509 25.68 0.0245
2024-04-09 2024-03-31 13F ISHARES SILVER TR COMMON 46428Q109 17,803 0 0.00 405 4.65 0.0201
2024-01-23 2023-12-31 13F ISHARES SILVER TR Common 46428Q109 17,803 0 0.00 388 6.91 0.0209
2023-10-18 2023-09-30 13F ISHARES SILVER TR Common 46428Q109 17,803 0 0.00 362 -2.43 0.0215
2023-07-18 2023-06-30 13F ISHARES SILVER TR Common 46428Q109 17,803 -1,010 -5.37 372 -10.82 0.0213
2023-04-13 2023-03-31 13F ISHARES SILVER TR Common 46428Q109 18,813 0 0.00 416 0.48 0.0242
2023-01-30 2022-12-31 13F ISHARES SILVER TR Common 46428Q109 18,813 18,813 414 0.0237
2022-10-12 2022-09-30 13F ISHARES SILVER TR COMMON 46428Q109 0 -18,613 -100.00 0 -100.00
2022-07-21 2022-06-30 13F ISHARES SILVER TR COMMON 46428Q109 18,613 0 0.00 347 -18.54 0.0212
2022-04-29 2022-03-31 13F ISHARES SILVER TR COMMON 46428Q109 18,613 965 5.47 426 12.11 0.0243
2022-01-26 2021-12-31 13F ISHARES SILVER TR COMMON 46428Q109 17,648 0 0.00 380 4.97 0.0222
2021-11-05 2021-09-30 13F ISHARES SILVER TR COMMON 46428Q109 17,648 0 0.00 362 -15.22 0.0245
2021-07-21 2021-06-30 13F ISHARES SILVER TR COMMON 46428Q109 17,648 -750 -4.08 427 2.15 0.0291
2021-04-23 2021-03-31 13F ISHARES SILVER TR COMMON 46428Q109 18,398 -79 -0.43 418 -7.93 0.0301
2021-01-25 2020-12-31 13F ISHARES SILVER TR Common 46428Q109 18,477 -4,336 -19.01 454 -8.10 0.0364
2020-10-28 2020-09-30 13F ISHARES SILVER TR Common 46428Q109 22,813 298 1.32 494 28.98 0.0432
2020-07-22 2020-06-30 13F ISHARES SILVER TR Common 46428Q109 22,515 0 0.00 383 30.27 0.0358
2020-04-28 2020-03-31 13F ISHARES SILVER TRUST Common 46428Q109 22,515 14,002 164.48 294 107.04 0.0314
2020-01-24 2019-12-31 13F Ishares Silver TRUST Common 46428Q109 8,513 -9,686 -53.22 142 -51.03 0.0140
2019-11-05 2019-09-30 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 290 11.11 0.0298
2019-07-11 2019-06-30 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 261 1.16 0.0279
2019-04-15 2019-03-31 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 258 -2.27 0.0284
2019-01-10 2018-12-31 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 264 5.60 0.0323
2018-11-01 2018-09-30 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 250 -9.42 0.0260
2018-07-30 2018-06-30 13F Ishares Silver TRUST Common 46428Q109 18,199 0 0.00 276 -1.43 0.0344
2018-04-23 2018-03-31 13F Ishares Silver TRUST Common 46428Q109 18,199 18,199 280 0.0355
2016-07-27 2016-06-30 13F Ishares Silver TRUST Common 46428Q109 0 -19,354 -100.00 0 -100.00
2016-05-05 2016-03-31 13F Ishares Silver TRUST Common 46428Q109 19,354 -1,985 -9.30 284 1.07 0.0474
2016-01-21 2015-12-31 13F Ishares Silver TRUST Common 46428Q109 21,339 -1,450 -6.36 281 -11.08 0.0505
2015-10-23 2015-09-30 13F Ishares Silver TRUST COM 46428Q109 22,789 0 0.00 316 -7.87 0.0611
2015-07-31 2015-06-30 13F Ishares Silver TRUST Common 46428Q109 22,789 0 0.00 343 -5.51 0.0649
2015-04-29 2015-03-31 13F Ishares Silver TRUST Common 46428Q109 22,789 -648 -2.76 363 2.83 0.0666
2015-01-20 2014-12-31 13F Ishares Silver TRUST Common 46428Q109 23,437 -2,228 -8.68 353 -15.95 0.0681
2014-10-29 2014-09-30 13F Ishares Silver TRUST Common 46428Q109 25,665 2,114 8.98 420 -11.95 0.0868
2014-07-22 2014-06-30 13F Ishares Silver TRUST Common 46428Q109 23,551 23,551 477 0.0988
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.