Sprott Physical Silver Trust announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported income of $77,153,388 compared to $47,005,516 a year ago. Net income and comprehensive income was $75,810,342 compared to $45,483,599 a year ago. Net cash used in operating activities was $1,199,199 compared to $1,277,743 a year ago. The Trust's net asset value per unit on March 31, 2016 was $5.92 compared to $5.33 per unit as at December 31, 2015.