Entry into a Material Definitive



 


Amendment to Depositary Trust Agreement


On March 8, 2022, abrdn ETFs Sponsor LLC, the sponsor (the “Sponsor”)
of the Aberdeen Standard Silver ETF Trust (the “Trust”), entered into an Amendment (the “Trust Amendment”) to
the Depositary Trust Agreement (the “Trust Agreement”) with The Bank of New York Mellon, in its capacity as Trustee of the
Trust (the “Trustee”). The Trust Amendment reflects the following changes, effective as of March 31, 2022, as approved and
directed by the Sponsor on behalf of the Trust: (1) the changes in the name of the Trust, effective March 31, 2022, from Aberdeen Standard
Silver ETF Trust to abrdn Silver ETF Trust and the change in the name of the shares issuable by the Trust (the “Shares”),
effective March 31 , 2022, from Aberdeen Standard Physical Silver Shares ETF to abrdn Physical Silver Shares ETF (the “ETF Name Changes”);
and (2) the change in the name of the Sponsor from “Aberdeen Standard Investments ETFs Sponsor LLC” to “abrdn ETFs Sponsor
LLC,” which occurred on March 1, 2022 (the “Sponsor Name Change”, and collectively with the ETF Name Changes, the “Name
Changes”).


The foregoing description of the Trust Amendment does not purport
to be complete and is qualified in its entirety by reference to the full text of the Trust Amendment, which is filed as Exhibit 4.1 to
this report and is incorporated by reference herein.


Amendment to Allocated Account Agreement


On March 11, 2022, the Trustee entered into an Amendment

(the
“Allocated Account Amendment”)

to the Allocated Account Agreement with

JPMorgan
Chase Bank, N.A., the Trust’s Custodian (the “Custodian”), and the Sponsor (the “Allocated Account Agreement”).

The Allocated Account Amendment reflects the following changes, effective as of March 31, 2022, as approved and directed by the
Sponsor on behalf of the Trust: (1) the Name Changes; and (2) the addition of a new “Replacement of Bullion” section, which
requires that, upon a determination by the Custodian that any Bullion credited to the Allocated Account does not comply with the Rules,
the Custodian shall as soon as practical replace such Bullion with Bullion which complies with the Rules. Capitalized terms used but not
defined in the preceding sentence shall have the respective meanings ascribed thereto by the Allocated Account Agreement.


The foregoing description of the Allocated Account Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Allocated Account Amendment, which is
filed as Exhibit 10.1 to this report and is incorporated by reference herein.


Amendment to Unallocated Account Agreement


On March 11, 2022, the Trustee entered into an Amendment

(the
“Unallocated Account Amendment”)

to the Unallocated Account Agreement with

the
Custodian and the Sponsor (the “Unallocated Account Agreement”).

The Unallocated Account Amendment reflects the
Name Changes, effective as of March 31, 2022, as approved and directed by the Sponsor on behalf of the Trust.


The foregoing description of the Unallocated Account Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Unallocated Account Amendment, which
is filed as Exhibit 10.2 to this report and is incorporated by reference herein.


 




Item 5.03


Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.



 


Depositary Trust Agreement


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


 



 


 



 




Item 9.01


Financial Statements and Exhibits



 




Exhibit 4.1


Second Amendment to the Depositary Trust Agreement dated March 8, 2022

 



 


 



Exhibit 10.1


First Amendment to Allocated Account Agreement dated March 11, 2022

 



 


 



Exhibit 10.2


First Amendment to Unallocated Account Agreement dated March 11, 2022

 



 


 



Exhibit 104


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

 



 



 


 



 


SIGNATURES


 


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.


 


 




 


ABERDEEN STANDARD SILVER ETF TRUST



 


 



 


By: abrdn ETFs Sponsor LLC,



 


Sponsor of the Aberdeen Standard Silver ETF Trust



 


 



 


 



 


 



Date: March 14, 2022


By:


/s/Andrea Melia



 


 


Andrea Melia



 


 


Chief Financial Officer and Treasurer*



  


 




 


*


The Registrant is a trust and Ms. Melia is signing in her capacities as officer of abrdn ETFs Sponsor LLC, the Sponsor of the Registrant.



 



 


 



 






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Other recent filings from the company include the following:

Annual report [Section 13 and 15(d), not S-K Item 405] - Sept. 29, 2022

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