Unlike many other listed silver related investments, holding ETRs provides investors with liquid direct beneficial ownership of silver bullion. The ETRs are listed on the Toronto Stock Exchange and traded in Canadian and U.S. dollars under the symbols MNS and MNS.U, respectively.

We do not offer units or shares in a trust, Exchange Traded Fund (ETF), or mutual fund. We offer ETRs which represent a direct beneficial ownership in physical silver held by the Mint.

The Royal Canadian Mint believes that the ETRs are competitive in respect of purity, costs and redemption features.

Each ETR represents an undivided beneficial interest in physical silver bullion entitling the holder thereof to physical silver bullion with a minimum purity of 99.9%.

The ETRs are listed on the Toronto Stock Exchange in Canadian or U.S. dollars, under the symbols MNS and MNS.U, respectively. ETRs may be redeemed at the option of the ETR holder for physical silver bullion or cash on a monthly basis. By investing in ETRs, you are entitled to receive silver that is renowned for its purity and quality.

As a Crown Corporation, the Mint's obligations under the ETRs are backed by the full faith and credit of the Government of Canada. As one of the most experienced Custodians of silver in Canada since first established in 1908, the Mint's vaults are extremely secure. Your silver – which is in the safekeeping of the Mint at all times – is stored in a restricted environment controlled by security personnel and supported by state-of-the-art surveillance technology. The Mint bears all risk of physical loss, damage or destruction of silver bullion in the Mint's care, custody and control (regardless of culpability by the Mint) except in the case of circumstances beyond the Mint's reasonable control.