Swisscanto (CH) Silver ETF EA USD is an exchange-traded fund (ETF) that provides investors with direct exposure to the spot price of silver in US dollars. Launched on January 15, 2009, and domiciled in Switzerland, it employs full physical replication by holding physical silver bars that meet London Bullion Market Association (LBMA) Good Delivery standards, ensuring 100% backing without counterparty risk. All assets are securely stored in Switzerland, and the fund maintains separate asset status under the Swiss Collective Investment Schemes Act (CISA). With a total expense ratio (TER) of 0.60% p.a., it distributes dividends annually and remains unhedged against currency fluctuations. Managing approximately 1,886 million euros in assets, this very large ETF allows redemption of units for physical silver in standard 30-kilogram bars. As a long-only commodity product, it serves as a diversification tool in portfolios, enhancing risk-return profiles alongside traditional assets like bonds and equities, particularly for those seeking participation in silver's performance over the long term.