Core Viewpoint - The press release discusses forward-looking statements related to the Trust's investor demands for Units and the ATM Program, emphasizing the uncertainties and assumptions involved in these projections [1] Group 1: Forward-Looking Statements - The Trust's forward-looking statements include expectations regarding investor demand for Units and the intended use of proceeds from their sale [1] - Assumptions made by the Trust regarding the silver market are considered reasonable but are subject to significant uncertainties and contingencies [1] - The Trust acknowledges that known and unknown risk factors could lead to actual results differing materially from those projected in the forward-looking statements [1] Group 2: Risk Factors - A discussion of risks and uncertainties facing the Trust is available in the Offering Documents and continuous disclosure filings [1] - The Trust disclaims any obligation to revise or update forward-looking statements unless required by law [1]

Core Viewpoint - The press release discusses forward-looking statements related to the Trust's investor demands for Units and the ATM Program, emphasizing the uncertainties and assumptions involved in these projections [1] Group 1: Forward-Looking Statements - The Trust's forward-looking statements include expectations regarding investor demand for Units and the intended use of proceeds from their sale [1] - The Trust has made several assumptions about the silver market, which are considered reasonable but subject to significant uncertainties [1] - There are known and unknown risk factors that could lead to actual results differing materially from the Trust's forward-looking statements [1] Group 2: Risk Factors - A discussion of risks and uncertainties facing the Trust is available in the Offering Documents and continuous disclosure filings [1] - The Trust disclaims any obligation to revise or update forward-looking statements unless required by law [1]

Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to U.S.$1 billion of units of the Sprott Physical Silver Trust in the U.S. and Canada [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement, with various agents involved in the process [2][3]. - Sales of units will occur at market prices on the NYSE Arca and the Toronto Stock Exchange, with the timing and volume of distributions determined at the Trust's discretion [3][4]. Group 2: Use of Proceeds - Proceeds from the equity program are intended to be used for acquiring physical silver bullion, aligning with the Trust's investment objectives [4]. Group 3: Regulatory Compliance - The offering is made pursuant to a prospectus supplement filed with the SEC and Canadian securities authorities, ensuring compliance with regulatory requirements [5][6]. Group 4: Company Background - Sprott Asset Management is a subsidiary of Sprott Inc., specializing in precious metals and critical materials investments, with a focus on providing specialized investment strategies [8].