SPROTT PHYSICAL SILVER TR

Ticker: PSLV CUSIP: 85207K107 Class: PHYSICAL SILVER

Baker Avenue Asset Management, LP's Holding History (CIK: 0001432529)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 10,760 Value ($000) $66 Avg Close — Range —

Q3 2014

Shares 10,760 Value ($000) $74 Avg Close — Range —

Q2 2014

Shares 10,760 Value ($000) $91 Avg Close — Range —

Q4 2013

Shares 10,760 Value ($000) $81 Avg Close — Range —

Q3 2013

Shares 10,760 Value ($000) $94 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	10,760	$66	—	—
Q3 2014	10,760	$74	—	—
Q2 2014	10,760	$91	—	—
Q4 2013	10,760	$81	—	—
Q3 2013	10,760	$94	—	—