Common use of Investment Strategy Clause in Contracts

Investment Strategy. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion and will not speculate with regard to short-term changes in silver prices. The Trust will not invest in silver certificates or other financial instruments that represent silver or that may be exchanged for silver.

Investment Strategy. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion Silver Bullion and will not speculate with regard to short-term changes in silver prices. Investment and Operating Restrictions The investment activities of the Trust will not invest are intended to be conducted in silver certificates or accordance with, among other financial instruments things, the following investment and operating restrictions, and they provide that represent silver or that may be exchanged for silver.the Trust:

Investment Strategy. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion and will not speculate with regard to short-term changes in silver prices. The Trust will not invest in silver certificates or other financial instruments that represent silver or that may be exchanged for silver.