Redemption Calculator

Determine ETR Entitlement to Silver

Select Redemption Date:

Enter Number of ETRs:
    There is a minimum redemption of 5,000 ETRs.

Select currency of ETRs:
US$     CDN$

Entitlement to Silver:
3,036.2961342 troy Ounces


Physical Redemption

Based on above entitlement to silver calculation.

# of tubes of 1 oz SML coins (1 tube=25 SML coins):
= 41 ETRs; fabrication fee = $75.00

# of silver 100 oz bars:
= 1,482 ETRs; fabrication fee = $1,350.00

# of London Good Delivery bars:
= 3,293 ETRs; fabrication fee = $500.00

Note: Approximate value, London Good Delivery bars vary in weight from 750 to 1000 troy ounces



Physical Redemption totals:

Physical Redemption Fee: $75.04
Fabrication Fees: $1,925.00
Total Fees $2,000.04
ETRs required for silver products: 4,816
ETRs to cover fees: 187
Total ETRs required: 5,003
Remaining ETRs: -3
Cash for remaining ETRs: -$32.04

ETRs representing less than 25 troy ounces of physical silver bullion will be paid in cash by the Mint at the NAV per ETR on the Redemption Date.

The silver price for redemptions will be determined by the Bank of Canada USD/CDN Closing rate and the London Fix on the redemption date (the 15th of each month or, if not a business day, the next business day).



Cash Redemption:

Based on above entitlement to silver calculation.

Approximate Cash Value: $53,378.09
Cash Entitlement (95%): $50,709.19

The silver price for redemptions will be determined by the Bank of Canada USD/CDN Closing rate and the London Fix on the redemption date (the 15th of each month or, if not a business day, the next business day).

These are estimated figures. Actual values may differ.