iShares Silver Trust 8-K

What Happened

• The Trust filed an 8-K (Item 5.02) reporting a leadership change at iShares Delaware Trust Sponsor LLC (the Sponsor), which sponsors iShares Silver Trust (SLV). On March 27, 2026, Jay Jacobs was appointed to the Sponsor’s Board of Directors and was named President and Chief Executive Officer of the Sponsor.
• Also effective March 27, 2026, Shannon Ghia resigned as a Director and as President and CEO of the Sponsor. The filing states Ms. Ghia’s resignation was not due to any dispute or disagreement with the Sponsor or the Trust regarding the Trust’s operations, policies or practices.

Key Details

• Appointment date: March 27, 2026 (Jay Jacobs joined the Sponsor Board and became President & CEO).
• Resignation date: March 27, 2026 (Shannon Ghia resigned as Director and President & CEO).
• Appointing party: Jay Jacobs was appointed by BlackRock Asset Management International Inc., the Sponsor’s member; Jacobs is a Managing Director at BlackRock and has been U.S. Head of Equity ETFs since April 7, 2025.
• Background: Jacobs joined BlackRock in 2022 after prior roles including founding Global X ETFs’ research and strategy team; he holds a BA from Emory, an MBA from Columbia Business School, and is a CFA charterholder.

Why It Matters

• This filing documents a change in the Sponsor’s top leadership for the Trust. The Sponsor is responsible for certain governance and operational aspects of SLV, so a new President & CEO is a material governance update for investors to note.
• The filing indicates the transition was not due to any dispute over Trust operations, and the new appointee is a senior BlackRock ETF executive, suggesting continuity with BlackRock’s ETF management. Investors may want to watch future filings for any additional governance updates or statements about operational impact.