SVR.UN   BlackRock Silver Bullion Trust
TRUST HOLDINGS
$15.57
Closing Unit Price: 5/16/12
HOLDINGS
$100,260,992
Total Managed Assets: 5/16/12

MONTHLY TOTAL RETURNS

as of 4/30/12
  Market Price NAV
2012 YTD 11.99 % 10.49 %
1 Year -37.07 % -36.09 %
3 Year - -
Since Inception 25.80 % 27.39 %

CALENDAR YEAR TOTAL RETURNS

  Market Price NAV
2011 -12.17 % -10.07 %
2010 73.91 % 58.93 %
2009 (Partial Year) 10.95 % 24.50 %

QUARTERLY TOTAL RETURNS

as of 3/31/12
  Market Price NAV
2012 YTD 16.09 % 14.80 %
1 Year -16.56 % -16.24 %
3 Year - -
Since Inception 28.37 % 30.15 %