BMO Vaulted Physical Silver Deposit Program

The BMO Vaulted Physical Silver Deposit Program is intentionally designed to take the guesswork out of a physical precious metal investment.
BMO Silver


The Program is backed on an ounce-for-ounce basis with real, physical, bullion at all times. Our documentation is specific: We will not use or hold unallocated bullion, certificates, exchange traded products, financial instruments, or any product that represents encumbered bullion.

  • All bullion is separated and identifiable at an approved vault facility in Canada.
  • The bullion cannot be used by anyone for any purpose.
  • All bullion is unencumbered.
  • All bullion is segregated from the assets of BMO Financial Group.
  • No annual storage fees or MER. Withdrawal and delivery fees may apply.
  • Physical delivery upon request.*


I am a Canadian retail investor... who do I contact for more information/help?

Canadian retail investors are asked to contact representatives at BMO Nesbitt Burns, BMO InvestorLine, or BMO Private Bank. Please ask about the BMO Gold Deposit Program.

I am a BMO employee... who do I contact for more information / help?

BMO employees can contact Simon Carling, Managing Director, BMO Capital Markets, using his Outlook coordinates.

* Under the Canadian Vaulted Physical Silver Deposit Program, the Royal Canadian Mint may appoint a sub-custodian. Any sub-custodian that may be appointed by the Mint to hold Silver Bullion under the Program will be on the list of entities considered suitable to hold LBMA gold and silver pursuant to IIROC Notice 11-0047 dated February 3, 2011 (the "Notice"). The Sub-Custodian that may be appointed will perform the Mint's duties under the Program, including holding the Silver Bullion.