Silver Bullion Trust announced unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total income of USD 23,802,898 compared to total loss of USD 14,371,274 last year. Net income inclusive of the change in unrealized appreciation of holdings was USD 23,684,825 or USD 4.33 per unit compared to net loss inclusive of the change in unrealized appreciation of holdings of USD 14,489,466 or USD 2.65 per unit last year.

For the nine months, the company reported total income of USD 20,348,073 compared to total loss of USD 567,315 last year. Net income inclusive of the change in unrealized appreciation of holdings was USD 20,005,894 or USD 3.66 per unit compared to net loss inclusive of the change in unrealized appreciation of holdings of USD 928,366 or USD 0.17 per unit last year.