Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Trading 2.7% Higher – Here’s Why

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) traded up 2.7% on Friday . The stock traded as high as $48.54 and last traded at $48.4870. 239,917 shares were traded during trading, a decline of 69% from the average session volume of 778,393 shares. The stock had previously closed at $47.20.

Sprott Physical Gold and Silver Trust Trading Up 3.7%

The stock has a 50-day moving average price of $40.73 and a 200 day moving average price of $35.55.

Hedge Funds Weigh In On Sprott Physical Gold and Silver Trust

Large investors have recently added to or reduced their stakes in the company. Accordant Advisory Group Inc lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 1.5% in the second quarter. Accordant Advisory Group Inc now owns 26,042 shares of the company’s stock valued at $784,000 after purchasing an additional 396 shares in the last quarter. Advantage Trust Co raised its position in Sprott Physical Gold and Silver Trust by 28.6% in the 2nd quarter. Advantage Trust Co now owns 1,800 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Highland Capital Management LLC lifted its stake in Sprott Physical Gold and Silver Trust by 1.3% in the 3rd quarter. Highland Capital Management LLC now owns 30,928 shares of the company’s stock valued at $1,135,000 after acquiring an additional 400 shares in the last quarter. Fermata Advisors LLC lifted its stake in Sprott Physical Gold and Silver Trust by 3.4% in the 3rd quarter. Fermata Advisors LLC now owns 12,592 shares of the company’s stock valued at $462,000 after acquiring an additional 409 shares in the last quarter. Finally, Midwest Financial Group LLC boosted its position in Sprott Physical Gold and Silver Trust by 3.6% during the 3rd quarter. Midwest Financial Group LLC now owns 14,278 shares of the company’s stock worth $524,000 after acquiring an additional 490 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.