Xtrackers Physical Silver ETC (EUR) is an exchange-traded commodity (ETC) that offers investors direct exposure to the spot price of physical silver, denominated in euros. Launched on 27 August 2010 by DB ETC plc and domiciled in Jersey, it tracks the LBMA Silver Price in US dollars through physical replication, with allocated London Good Delivery silver bars stored in secure vaults in London by custodian JP Morgan Chase Bank N.A. Each security provides a specific metal entitlement, typically starting at 1/10 ounce, ensuring the ETC's value reflects silver's spot price adjusted for fees and unhedged EUR/USD currency fluctuations. Featuring a low annual total expense ratio of 0.40%, this long-only, accumulating product matures in 2060 and supports intraday liquidity on major European exchanges. Backed by segregated accounts with limited recourse, it enables convenient access to silver—a key precious metal used in industry, jewelry, and as a store of value—without the need for physical delivery, futures rolling, or storage complexities, playing a significant role in commodity portfolios for diversification and inflation hedging.