Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Trading 7.1% Higher – Here’s What Happened

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) rose 7.1% during trading on Tuesday . The stock traded as high as $51.49 and last traded at $51.40. 315,640 shares changed hands during 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 Price Performance

The firm has a 50-day moving average of $48.05 and a two-hundred day moving average of $39.63.

Institutional Trading of Sprott Physical Gold and Silver Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in Sprott Physical Gold and Silver Trust by 10.5% during the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock worth $223,000 after buying an additional 744 shares during the period. Truist Financial Corp raised its stake in shares of Sprott Physical Gold and Silver Trust by 10.4% in the 2nd quarter. Truist Financial Corp now owns 42,564 shares of the company’s stock valued at $1,281,000 after acquiring an additional 4,000 shares during the period. Columbia Advisory Partners LLC lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 6.5% in the 2nd quarter. Columbia Advisory Partners LLC now owns 94,962 shares of the company’s stock worth $2,858,000 after acquiring an additional 5,812 shares during the last quarter. US Bancorp DE boosted its position in shares of Sprott Physical Gold and Silver Trust by 1.7% during the 2nd quarter. US Bancorp DE now owns 38,136 shares of the company’s stock worth $1,148,000 after purchasing an additional 650 shares during the period. Finally, IFP Advisors Inc increased its holdings in Sprott Physical Gold and Silver Trust by 2.5% in the 2nd quarter. IFP Advisors Inc now owns 107,779 shares of the company’s stock valued at $3,244,000 after purchasing an additional 2,661 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.