iShares Silver Trust
US ˙ ARCA ˙ US46428Q1094

SecuritySLV / iShares Silver Trust
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership69,958 shares
Latest Disclosed Value $ 4,766,938
Level Four Advisory Services, Llc reports 22.53% increase in ownership of SLV / iShares Silver Trust

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 69,958 shares of iShares Silver Trust (US:SLV) valued at $4,766,938 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 57,095 shares of iShares Silver Trust. This represents a change in shares of 22.53% during the quarter. The current value of the position is $4,631,919 USD.

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)
2026-05-14 2026-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 69,958 12,863 22.53 4,767 29.58 0.1565
2026-02-13 2025-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 57,095 405 0.71 3,678 53.19 0.1203
2025-11-12 2025-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 56,690 2,610 4.83 2,402 35.34 0.0822
2025-08-13 2025-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 54,080 21,606 66.53 1,774 76.34 0.0654
2025-05-14 2025-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 32,474 3,162 10.79 1,006 30.48 0.0414
2025-02-12 2024-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 29,312 -6,610 -18.40 772 -27.94 0.0315
2024-11-14 2024-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 35,922 5,950 19.85 1,071 34.42 0.0451
2024-08-09 2024-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 29,972 68 0.23 796 22.27 0.0359
2024-05-13 2024-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 29,904 0 0.00 651 0.00 0.0358
2024-02-08 2023-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 29,904 -11,179 -27.21 651 -22.04 0.0365
2023-11-13 2023-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 41,083 1,279 3.21 836 0.48 0.0539
2023-07-10 2023-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 39,804 -285 -0.71 832 -6.21 0.0500
2023-06-05 2023-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 40,089 750 1.91 887 2.31 0.0582
2023-02-13 2022-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 39,339 3,624 10.15 866 38.56 0.0643
2022-11-07 2022-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 35,715 -2,091 -5.53 625 -11.35 0.0607
2022-08-08 2022-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 37,806 -2,936 -7.21 705 -24.36 0.0665
2022-05-10 2022-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 40,742 1,011 2.54 932 9.01 0.0730
2022-02-11 2021-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 39,731 3,290 9.03 855 14.30 0.0652
2021-10-12 2021-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 36,441 -40,549 -52.67 748 -59.89 0.0778
2021-08-09 2021-06-30 13F ISHARES SILVER TR ISHARES 46428Q109 76,990 222 0.29 1,865 7.00 0.1290
2021-05-10 2021-03-31 13F ISHARES SILVER TR ISHARES 46428Q109 76,768 4,223 5.82 1,743 -2.19 0.1354
2021-02-10 2020-12-31 13F ISHARES SILVER TR ISHARES 46428Q109 72,545 3,525 5.11 1,782 19.28 0.1430
2020-11-02 2020-09-30 13F ISHARES SILVER TR ISHARES 46428Q109 69,020 11,626 20.26 1,494 52.45 0.1151
2020-08-17 2020-06-30 13F/A-1 ISHARES SILVER TR ISHARES 46428Q109 57,394 11,665 25.51 980 64.98 0.0758
2020-05-13 2020-03-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 45,729 -4,221 -8.45 594 -29.03 0.0712
2020-02-13 2019-12-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 49,950 -3,530 -6.60 837 -1.76 0.0331
2019-11-12 2019-09-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 53,480 -125 -0.23 852 10.65 0.0882
2019-08-14 2019-06-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 53,605 -1,471 -2.67 770 -1.41 0.0777
2019-05-15 2019-03-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 55,076 -7,466 -11.94 781 -13.99 0.0860
2019-02-07 2018-12-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 62,542 -2,930 -4.48 908 1.00 0.1132
2018-11-14 2018-09-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 65,472 -8,777 -11.82 899 -20.09 0.0972
2018-08-14 2018-06-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 74,249 -2,265 -2.96 1,125 -4.58 0.0820
2018-05-14 2018-03-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 76,514 -2,715 -3.43 1,179 -6.95 0.0914
2018-02-13 2017-12-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 79,229 5,355 7.25 1,267 8.94 0.0986
2018-04-03 2017-09-30 13F/A-1 ISHARES SILVER TRUST ISHARES 46428Q109 73,874 -5,888 -7.38 1,163 -15.79 0.1031
2017-11-15 2017-09-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 74,284 -5,478 1,190
2017-09-20 2017-06-30 13F/A-1 ISHARES SILVER TRUST ISHARES 46428Q109 79,762 0 0.00 1,381 0.00 0.2126
2017-07-12 2017-06-30 13F ISHARES SILVER TRUST ISHARES 46428Q109 79,762 0 1,381
2017-09-20 2017-03-31 13F/A-1 ISHARES SILVER TRUST ISHARES 46428Q109 79,762 930 1.18 1,381 15.95 0.1407
2017-05-15 2017-03-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 79,762 930 1,381
2017-02-14 2016-12-31 13F ISHARES SILVER TRUST ISHARES 46428Q109 78,832 78,832 1,191 0.1520
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.