Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Reaches New 1-Year High – Time to Buy?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares reached a new 52-week high on Tuesday . The company traded as high as $46.20 and last traded at $46.14, with a volume of 814293 shares traded. The stock had previously closed at $44.90.

Sprott Physical Gold and Silver Trust Stock Performance

The company’s 50-day moving average price is $40.42 and its 200 day moving average price is $35.30.

Hedge Funds Weigh In On Sprott Physical Gold and Silver Trust

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in Sprott Physical Gold and Silver Trust by 8.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 141,491 shares of the company’s stock valued at $4,020,000 after purchasing an additional 11,527 shares during the period. Ieq Capital LLC boosted its stake in Sprott Physical Gold and Silver Trust by 18.2% in the 1st quarter. Ieq Capital LLC now owns 64,852 shares of the company’s stock worth $1,842,000 after purchasing an additional 9,974 shares during the period. Baird Financial Group Inc. grew its holdings in Sprott Physical Gold and Silver Trust by 1.1% during the 1st quarter. Baird Financial Group Inc. now owns 1,394,157 shares of the company’s stock valued at $39,608,000 after buying an additional 15,250 shares in the last quarter. MAI Capital Management raised its position in shares of Sprott Physical Gold and Silver Trust by 10.7% during the first quarter. MAI Capital Management now owns 28,723 shares of the company’s stock valued at $816,000 after buying an additional 2,766 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Sprott Physical Gold and Silver Trust by 3.9% during the first quarter. Royal Bank of Canada now owns 3,588,641 shares of the company’s stock valued at $101,953,000 after buying an additional 134,736 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.