The obverse (front) depicts a Bull, head tilted downward as it raises its hoof in an anticipated stance, poised to charge. The bull symbolizes the strength and optimism of a bull market. Below the bull is the GSM logo, incused.
On the reverse (back), a bear stands tall, its mouth open mid-roar and right paw raised, ready to swipe. The bear represents the dangers and challenging trends that can impact markets. Above the bear, the weight and purity of 1 Troy oz .999 Silver are struck.