Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Hits New 12-Month High – Still a Buy?

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.01 and last traded at $49.1760, with a volume of 144347 shares traded. The stock had previously closed at $47.84.

Sprott Physical Gold and Silver Trust Stock Up 2.6%

The stock has a 50 day moving average of $41.73 and a two-hundred day moving average of $36.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC boosted its stake in shares of 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 worth $191,474,000 after acquiring an additional 159,812 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Sprott Physical Gold and Silver Trust in the second quarter valued at $114,726,000. Jupiter Asset Management Ltd. increased its position 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 buying an additional 812,697 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Sprott Physical Gold and Silver Trust by 6.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company’s stock valued at $41,449,000 after acquiring an additional 73,201 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Sprott Physical Gold and Silver Trust by 25.2% during the second 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 during the last quarter.

About Sprott Physical Gold and Silver Trust

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.