Entry into a Material Definitive


On January 31, 2022, iShares®

Delaware Trust Sponsor (the "Sponsor"), sponsor of iShares

Silver Trust (the "Trust"), and The Bank of New York Mellon, in its capacity as trustee of the Trust (the "Trustee"), entered into a Third Amended and Restated Depositary Trust Agreement (the "Trust Agreement") to reflect (1) the change of the term of the Trust to perpetual and (2) the increase of the amount of legal fees and expenses the Sponsor agrees to assume from $100,000 to $500,000 annually.


The foregoing description of the Trust Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Trust Agreement, which has been filed with this Current Report on Form 8-K as Exhibit 4.1.


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Item 3.03 Material Modification to the Rights of Security Holders.


The information set forth in Item 1.01 relating to the Trust Agreement is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.







Exhibit No.







Third Amended and Restated Depositary Trust Agreement, dated as of January 31, 2022, by and between iShares Delaware Trust Sponsor LLC and The Bank of New York Mellon



Cover Page Interactive Data File (embedded within the Inline XBRL document)







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: January 31, 2022





Silver Trust*







iShares Delaware Trust Sponsor LLC






/s/ Paul Lohrey



Paul Lohrey



Director, President and Chief Executive Officer














The registrant is a trust. The individual specified above is signing in his capacity as an officer and/or authorized signatory of iShares Delaware Trust Sponsor LLC, the sponsor of the trust.



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