U.S. stocks mixed; investors digest economic data as Nvidia weighs
LONDON - iShares Physical Metals Plc announced the issuance of 264,000 new securities of its iShares Physical Silver ETC, representing Tranche Number 962 of the series. The securities were issued on Monday, November 17, 2025, at a price of $51.33 per security.
Following this issuance, the total number of securities in the series will increase from 63,631,740 to 63,895,740. Each security has a metal entitlement of 0.95283 troy ounces of silver, according to the company's filing with the London Stock Exchange.
The securities, which trade on the regulated market of the London Stock Exchange under the ISIN code IE00B4NCWG09, are part of iShares' Secured Precious Metal Linked Securities Programme. They may also be admitted to trading on the Frankfurt Stock Exchange and Borsa Italiana in the future.
The ETCs are designed to provide investors with exposure to silver without requiring physical delivery of the metal. They carry a total expense ratio of 0.20% per annum, which is applied to the metal entitlement on a daily basis.
The securities are secured, limited recourse obligations of the issuer, with the underlying silver held in allocated form by the custodian, JPMorgan Chase Bank, N.A., London Branch.
Unlike traditional ETFs, these securities do not pay interest and have no final maturity date. Investors can buy and sell the securities through financial intermediaries on exchanges where they are listed.
The information was disclosed in a regulatory filing based on the final terms dated November 17, 2025, for the securities issued under iShares Physical Metals Plc's base prospectus dated May 12, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.