Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Stock Price Up 7.1% – Here’s What Happened

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) was up 7.1% during trading on Tuesday . The company traded as high as $51.49 and last traded at $51.40. Approximately 315,640 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,970,485 shares. The stock had previously closed at $48.00.

Sprott Physical Gold and Silver Trust Trading Up 5.2%

The business’s fifty day moving average is $47.59 and its two-hundred day moving average is $39.41.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CEF. Bleakley Financial Group LLC raised its position in Sprott Physical Gold and Silver Trust by 3.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock valued at $191,474,000 after purchasing an additional 159,812 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Gold and Silver Trust by 29.7% in the third quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company’s stock valued at $130,112,000 after acquiring an additional 812,697 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Sprott Physical Gold and Silver Trust by 6.9% in the third quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company’s stock worth $41,449,000 after acquiring an additional 73,201 shares during the period. Ameriprise Financial Inc. grew its holdings in Sprott Physical Gold and Silver Trust by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock worth $23,700,000 after acquiring an additional 158,687 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Sprott Physical Gold and Silver Trust by 0.8% during the 3rd quarter. Bank of America Corp DE now owns 693,257 shares of the company’s stock valued at $25,436,000 after purchasing an additional 5,506 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.