Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Hits New 12-Month High – Here’s Why

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.70 and last traded at $59.7430, with a volume of 367560 shares trading hands. The stock had previously closed at $57.04.

Sprott Physical Gold and Silver Trust Stock Up 1.2%

The company has a fifty day moving average price of $46.39 and a 200 day moving average price of $38.75.

Institutional Trading of Sprott Physical Gold and Silver Trust

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