Companies ›Financials ›BSLV39.SA

BSLV39.SA — B3 (São Paulo) Banks

ishares Silver Trust

$103,07

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Mcap

163,5B BRL

P/E

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TR 1Y

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About

iShares Silver Trust is a commodity trust that holds physical silver bullion, with iShares Delaware Trust Sponsor LLC acting as the sponsor and The Bank of New York Mellon serving as trustee.

Business. iShares Silver Trust is a commodity trust that holds physical silver bullion, with iShares Delaware Trust Sponsor LLC acting as the sponsor and The Bank of New York Mellon serving as trustee.

Classification81 %

SectorFinancials

Business sectorBanking & Investment Services

Industry groupBanking Services

IndustryBanks

ActivityCommercial Banks

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership→

LPL Financial LLC

largest disclosed fund holder

Profitability

—

not yet wired

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning BSLV39.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to BSLV39.SA. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Peers
DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

iShares Silver Trust is a commodity trust that holds physical silver bullion, with iShares Delaware Trust Sponsor LLC acting as the sponsor and The Bank of New York Mellon serving as trustee.

Classification81 %

SectorFinancials

Business sectorBanking & Investment Services

Industry groupBanking Services

IndustryBanks

ActivityCommercial Banks

AI synthesis

GENERATED

The capital structure of iShares Silver Trust is defined by a fixed share count of 1,586,250,000 basic and diluted shares outstanding. The market capitalization stands at USD 146,252,250,000 based on a market price of 92.2. Liquidity risk cannot be assessed due to the absence of balance-sheet inputs such as cash, debt, or current liabilities in the available data. The trust structure implies that the entity does not hold traditional corporate debt or equity capital in the manner of a commercial bank, rendering standard liquidity ratios inapplicable.

Profitability and return metrics are not available for analysis as the financial snapshot lacks revenue, net income, or earnings data. Consequently, comparisons to cohort medians for ROE, ROA, or margins cannot be performed. The entity operates as a passive vehicle for silver exposure, meaning its "profitability" is effectively the performance of the underlying commodity less trust expenses, rather than operational earnings generation.

Segment and geographic data are not explicitly detailed in the revenue mix sections. However, the trust is headquartered in the United States of America. The primary "segment" is the holding of physical silver, with no diversified business lines or geographic revenue streams typical of a commercial bank. The concentration risk is effectively 100% in the price of silver bullion.

Growth trajectory cannot be evaluated due to the absence of historical revenue or net income data for the past five years or eight quarters. The share count remains static at 1,586,250,000, indicating no recent dilution or buybacks in the latest snapshot. The market capitalization reference of USD 35,723,094,000 in IR observations conflicts with the computed market cap of USD 146,252,250,000, suggesting potential data latency or differing valuation bases.

Risk assessment indicates low dilution risk. Key flags highlight that liquidity risk could not be assessed due to missing balance-sheet inputs. The classification as a "Commercial Bank" is a structural anomaly; the entity is a trust, not a bank, which misaligns with the competitor context listing JPMorgan Chase, Bank of America, and Citigroup as competitors. This misclassification introduces significant noise into any sector-relative analysis.

Recent observations confirm the partnership with iShares Delaware Trust Sponsor LLC and The Bank of New York Mellon as trustee. No specific filing, news, or transcript events were provided that alter the fundamental structure or risk profile of the trust. The competitor relationships derived from the classification are spurious, as a silver trust does not compete with commercial banks in lending or deposit-taking activities.

Key takeaways

The entity is a commodity trust holding silver, not a commercial bank, despite its classification.
Liquidity and profitability metrics are unavailable due to missing balance-sheet and income statement data.
Dilution risk is low with a static share count of 1,586,250,000.
Competitor comparisons to JPM, BAC, and C are invalid due to sector misclassification.
Market cap data shows significant discrepancy between computed (USD 146B) and referenced (USD 35.7B) values.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

$103,07

Market cap

$146.25B

Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

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P / Bⓘ

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P / Tangible bookⓘ

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Tangible book

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Net cashⓘ

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Current ratioⓘ

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Debt / equityⓘ

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ROAⓘ

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ROEⓘ

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Cash conversionⓘ

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CapEx / revenueⓘ

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SBC / revenueⓘ

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Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

Business relationships5 disclosed relationships · 2 types · extracted from filings & disclosures

Partners2

Bank Of New York Mellon CorpBNY.OPartner95%

JPMORGAN CHASE & CO.JPM.NPartner95%

Competitors3

Bank Of America CorpBAC.OCompetitor50%

CITIGROUP INC.C.NCompetitor50%

JPMORGAN CHASE & CO.JPM.NCompetitor50%

Supply chain

Vendors → BSLV39 ↔ Partners → Customers · click any node to drill

0 mentions in 10-K0 from corporate websites0 from news dispatches

Updated 2026-07-12

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Corporate eventM&A horizon

M&A probabilityconf 3 %

Probability

3 %

Base rate

3 %

Band

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180-day horizon · target 2027-01-31 · 1,0× base rate

No acquirer candidates identified by the signal model.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskUnknown

Benchmarks vs cohort

No cohort benchmark data available for this issuer yet.

Corporate actions / M&A

M&A probabilityconf —

Probability

3 %

Base rate

3 %

Band

Low

180-day horizon · target 2027-01-31 · 1,0× base rate

No acquirer candidates identified by the signal model.

Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data
Reference data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Cap
market_price * shares_outstanding_diluted
Market Price
input from market-data provider (delayed close or quote-shim mid)

Source documents

ishares Silver Trust Market data — financials · 2026-07-13
ishares Silver Trust HA canonical relationships · 2026-07-13
ishares Silver Trust — company reference export (2026-07-05) · 2026-07-13

Ownership & reference

Top holders

LPL Financial LLCInvestment Managers · as of 2026-03-310,14 %$509M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,12 %$659M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,07 %$353M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,05 %$171M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,05 %$833M
AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,03 %$141M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,02 %$167M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,02 %$43M
Arrowstreet Capital, Limited PartnershipInvestment Managers · as of 2026-03-310,02 %$30M
PNC Investments LLCInvestment Managers · as of 2026-03-310,01 %$25M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/Institutional Investor · as of 2026-03-310,01 %$38M
Victory Capital Management Inc.Investment Managers · as of 2026-03-310,01 %$20M
JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,01 %$21M
T. Rowe Price Investment Management, Inc.Investment Managers · as of 2026-03-310,01 %$0M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$21M
LPL Financial LLCInvestment Managers · as of 2026-03-310,01 %$23M
Invesco QQQ TrustFunds · as of 2026-03-310,01 %$37M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$8M
EATON VANCE MANAGEMENTInstitutional Investor · as of 2022-09-300,00 %$0M
Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$15M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$5M
American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$7M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$24M
Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,00 %$6M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$4M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$4M
Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$8M
Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,00 %$2M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$16M
Capital Research Global InvestorsInvestment Managers · as of 2026-03-310,00 %$4M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$2M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$1M
Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,00 %$3M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$1M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$2M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$1M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$1M
Jennison Associates LLCInvestment Managers · as of 2026-03-310,00 %$0M
T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,00 %$0M
AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$1M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$1M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$0M
Fisher InvestmentsInvestment Managers · as of 2026-03-310,00 %$0M
FMR LLCInstitutional Investor · as of 2026-03-310,00 %$2M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$1M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$2M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$1M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$0M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$0M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
FMR LLCInstitutional Investor · as of 2026-03-310,00 %$0M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$0M

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

BSLV39.SACanonical

B3 (São Paulo) · BRL

Intel & risk

PredictorM&A prob3 %Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskUnknown

Relationship graph

This companyPeerSectorPartners

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-07-05 03:10 UTCHOLDERInstitutional holding changed

2026-07-05 03:10 UTCHOLDER8 institutional position changes flagged (8 major)

2026-07-04 03:13 UTCHOLDER9 institutional position changes flagged (9 major)

2026-07-03 03:12 UTCHOLDER9 institutional position changes flagged (9 major)

2026-07-02 03:15 UTCHOLDER8 institutional position changes flagged (8 major)

2026-07-01 03:10 UTCHOLDER11 institutional position changes flagged (11 major)

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)

2026-06-30 03:14 UTCHOLDER4 institutional position changes flagged (4 major)

2026-06-28 03:14 UTCHOLDER8 institutional position changes flagged (8 major)

2026-06-27 03:14 UTCHOLDER6 institutional position changes flagged (6 major)

2026-06-26 03:13 UTCHOLDER7 institutional position changes flagged (7 major)

2026-06-25 03:10 UTCHOLDER8 institutional position changes flagged (8 major)

2026-06-24 03:12 UTCHOLDER6 institutional position changes flagged (6 major)

2026-06-23 03:11 UTCHOLDER7 institutional position changes flagged (7 major)

2026-06-21 02:57 UTCHOLDER14 institutional position changes flagged (14 major)

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread