Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Large Volume Increase – Time to Buy?

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) saw unusually-strong trading volume on Monday . Approximately 864,095 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 783,049 shares.The stock last traded at $45.9730 and had previously closed at $48.97.

Sprott Physical Gold and Silver Trust Price Performance

The business has a 50 day moving average price of $41.03 and a 200-day moving average price of $35.81.

Hedge Funds Weigh In On Sprott Physical Gold and Silver Trust

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its stake in shares of Sprott Physical Gold and Silver Trust by 84.2% in the 3rd quarter. IFP Advisors Inc now owns 198,499 shares of the company’s stock valued at $7,283,000 after acquiring an additional 90,720 shares in the last quarter. Strategic Advocates LLC acquired a new stake in Sprott Physical Gold and Silver Trust in the third quarter worth $193,000. CIBC Bancorp USA Inc. acquired a new stake in Sprott Physical Gold and Silver Trust in the third quarter worth $2,356,000. Centaurus Financial Inc. bought a new stake in Sprott Physical Gold and Silver Trust in the third quarter valued at $482,000. Finally, Advisory Services Network LLC raised its holdings in shares of Sprott Physical Gold and Silver Trust by 3.6% during the third quarter. Advisory Services Network LLC now owns 25,834 shares of the company’s stock valued at $948,000 after purchasing an additional 904 shares during the period.

Sprott Physical Gold and Silver Trust Company Profile

The Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) is a closed-end investment trust that provides investors with direct exposure to physical gold and silver bullion. Established in 2019 and sponsored by Sprott Asset Management, the trust holds allocated London Good Delivery gold bars and London Silver Fix silver bars in secure vaults, offering a transparent alternative to traditional equity- or futures-based precious metals vehicles. Each trust unit represents a proportional interest in the bullion holdings, and investors gain ownership of the underlying metal without assuming the logistics of purchase, storage, or insurance.

To maintain its inventory, the trust purchases bullion through approved bullion dealers and London bullion market participants.