| Benford Chart for SIVR 10K Filed 3/2/2026 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 175 Recent share count: 76,550,000 (7's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of abrdn Silver ETF Trust — ticker symbol SIVR. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/9/2024 to 3/2/2026
for abrdn Silver ETF Trust under CIK number 0001450922.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for SIVR, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for abrdn Silver ETF Trust based on the past SIVR filings our system processed in the past.
| Benford's Law Stocks Score for SIVR = 72 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 2's percentage was below the typical coverage universe range. • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 3's percentage was above the typical coverage universe range. • We deducted points upon observing the 4's percentage was above the typical coverage universe range. • We deducted point upon observing the 5's percentage was above the typical coverage universe range. • We deducted point upon observing the 6's percentage was below the typical coverage universe range. • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier. • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier. • We deducted points upon observing the 7's percentage was above the typical coverage universe range. • We deducted points upon observing the 8's percentage was below the typical coverage universe range. • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was below the typical coverage universe range. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was below the company's typical historical range. |
| SIVR's Score Vs. Typical Stock | |||
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Check our work! We provide our abrdn Silver ETF Trust Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SIVR filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 57 numbers that start with the digit 1. Here they are: 1,988,898,000 1,152,826 1,414,591 1,421,490 1,374 1,374 1,421,124 100.03 100.03 1,374 100.00 1,152,826 1,414,591 1,152,826 1,414,591 1,421,124 100.00 10,947 1,962 1,624 1,961 194,527 10,651 168,001 10,135 13,382 1,421,124 196,488 1,635,603 10,000,000 1,060,403 168,001 12,600,000 1,421,124 1,118,817 10,903 110,705 155,737 1,060,403 12 15 148.35 1,414,591 11,798,793.7 165,942.6 137,244.2 1,414,591 1,060,674 1,642,502 194,527 1,961 168,001 1,414,591 100,000 1,373,945 1,961,810 1,623,757 | We found 24 numbers that start with the digit 2. Here they are: 2,522,357 27.59 2,522,357 2,522,357 252 2,647,484 21,038 2,843,972 219,163 2,836,674 215,240 28 2,647,484 219,235 21,038 27.59 22.78 23.00 22 27.59 22.78 21.12 219,235 2,647,484 | We found 25 numbers that start with the digit 3. Here they are: 366 366 3,649 3,923 3,247 3,923 3,247 37,750,000 3,923 364,716 3,247 30 30 30 30 30 30 36,207,139.9 357,817 3,828 30 3,923,620 3,247,514 366,328 3,648,943 |
| 4's | 5's | 6's |
|---|---|---|
| We found 24 numbers that start with the digit 4. Here they are: 48,939,346.4 48,939,346.4 46 4,871 47.07 4.46 48,234,290 48,148,767 463,169 46,550,000 48,650,000 4,900,000 46,550,000 41.05 4.89 40.93 4.81 48,234,290 48,148,767 48,939,346.4 44,584,861.0 48,939,346.4 463,169 45 | We found 18 numbers that start with the digit 5. Here they are: 5,431,606 5,431,606 5,430,232 51,500,000 5,431,606 5,431,606 5,430,232 5,885 50,350 51,500,000 5,430,232 51,162 51,500,000 50,000 5,431,606 50,000 50,350 5,431,606 | We found 8 numbers that start with the digit 6. Here they are: 6,899 68.52 6,533 60,263,562 68.52 60,263,562 6,898,661 6,290 |
| 7's | 8's | 9's |
|---|---|---|
| We found 13 numbers that start with the digit 7. Here they are: 76,550,000 79,250,000 75,449,456.7 75,449,456.7 7,298 7,298 7,298 79,250,000 7,650,000 7,000,000 7,307,064.1 75,449,456.7 7,297,886 | We found 2 numbers that start with the digit 8. Here they are: 812 812 | We found 4 numbers that start with the digit 9. Here they are: 99.54 99.54 96 9,531,087.0 |
While the above SIVR 10K Filed 3/2/2026 is interesting in isolation, we have found that it is also useful to take a look at older
abrdn Silver ETF Trust filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10K Filed 3/2/2026 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical SIVR 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10K Filed 3/2/2026 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 175 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/8/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 144 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/9/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 231 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 226 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/28/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 173 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/9/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 136 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/7/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 225 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/12/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 224 ■ = Typical SIVR range from 5/9/2024 to 3/2/2026 | ||||||||||||||||||||||||||||||||||||