Sprott Physical Silver Trust reported unaudited financial results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported income of $24,952,669 against total loss of $59,678,378 for the same period of last year. Net income and comprehensive income was $23,304,355 against net loss and comprehensive loss of $61,064,930 for the same period of last year. Increase in total equity from operations per unit was $0.16 against decrease in total equity from operations per unit of $0.48 for the same period of last year. For the nine months, the company reported income of $276,887,069 against total loss of $58,100,053 for the same period of last year. Net income and comprehensive income was $272,333,497 against net loss and comprehensive loss of $62,466,914 for the same period of last year. Increase in total equity from operations per unit was $1.99 against decrease in total equity from operations per unit of $0.49 for the same period of last year. Net cash used in operating activities was $5,512,511 against $4,157,257 for the same period of last year.