Silver Bullion Trust announced audited earnings results for the full year ended December 31, 2012. For the full year, the company reported total income of USD 5,572,302 compared to total loss of USD 7,699,828 last year. Net income inclusive of the change in unrealized appreciation of holdings was USD 5,121,986 or USD 0.94 per unit compared to net loss inclusive of the change in unrealized appreciation of holdings of USD 8,161,882 or USD 1.49 per unit last year.

Net asset value per unit at end of year was USD 17.48 against USD 16.54 a year ago.