Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Shares Gap Down – Time to Sell?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $59.21, but opened at $53.42. Sprott Physical Gold and Silver Trust shares last traded at $53.1640, with a volume of 337,857 shares.

Sprott Physical Gold and Silver Trust Price Performance

The stock has a 50-day moving average of $47.42 and a 200 day moving average of $39.23.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the third quarter worth approximately $28,000. CWM LLC grew its position in Sprott Physical Gold and Silver Trust by 139.0% in the second quarter. CWM LLC now owns 956 shares of the company’s stock worth $29,000 after acquiring an additional 556 shares during the period. Assetmark Inc. increased its position in shares of Sprott Physical Gold and Silver Trust by 602.5% during the 3rd quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $31,000 after purchasing an additional 723 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter valued at approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Sprott Physical Gold and Silver Trust during the fourth quarter worth $46,000.

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.