Silver ETFs must maintain predominant investment in silver or eligible silver-backed bullion instruments, with derivative exposure generally limited unless physical delivery is intended. They must track a recognised spot-silver benchmark with minimal tracking error. Physical silver must be responsibly sourced from an OECD-compliant certified refiner and stored in a registered vault. Independent physical verification is required half-yearly, with reports furnished to the fund management entity and fiduciaries within the prescribed period.
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