Sprott Physical Gold and Silver Trust
CEF

$22.11

0.96%

Market Cap: 4.54B

About: Sprott Physical Gold and Silver Trust is a closed end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment.

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Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

3% more capital invested

Capital invested by funds: $1.36B [Q4 2023] → $1.41B (+$44.8M) [Q1 2024]

2% less funds holding

Funds holding: 292 [Q4 2023] → 287 (-5) [Q1 2024]

6.49% less ownership

Funds ownership: 33.55% [Q4 2023] → 27.06% (-6.49%) [Q1 2024]

17% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 30

21% less funds holding in top 10

Funds holding in top 10: 14 [Q4 2023] → 11 (-3) [Q1 2024]

39% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 101

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Research analyst outlook

We haven’t received any recent analyst ratings for CEF.

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Financial journalist opinion

Alternative Energy Demand Should Power Up Silver Prices

The global transition to alternative energy should power up silver prices given the metal's inclusion in various clean energy technologies. That industrial-precious metal component offers investors the opportunity to obtain exposure to an asset that serves both purposes.

Alternative Energy Demand Should Power Up Silver Prices

Gold buyers are holding on to the precious metal as prices break records — and are ready to buy more

Under the basic rules of economics, the cure for high prices is high prices. With that in mind, gold could soon put that idea to the test, with futures prices marking record-high settlements 15 times so far this year.

Gold buyers are holding on to the precious metal as prices break records — and are ready to buy more

CEF: Gold Hits New Highs Yet No One Cares

Sprott Physical Gold and Silver Trust is a closed-end fund that invests in gold and silver, with a mix of 2/3 gold and 1/3 silver. Gold and silver have underperformed in 2023 due to lack of impetus from Fed rate cuts and investor focus on equities and Bitcoin. The lack of interest in precious metals presents a bullish setup for CEF, with potential for increased investor attention and upside in gold and silver prices.

CEF: Gold Hits New Highs Yet No One Cares

Silver Demand Set to Meet Second-Highest Level on Record

When it comes to being a store of value, gold has always been ahead of silver. However, silver's duality of an industrial metal along with being a precious metal could allow it to see record highs this year, according to the Silver Institute.

Silver Demand Set to Meet Second-Highest Level on Record

Increased Need to Hedge in 2024 Opens Path for Gold, Silver

2023 saw its fair share of geopolitical and macroeconomic forces that spurred market volatility. Market uncertainty in 2024 should persist, opening pathways for increased hedging, which should benefit gold and silver.

Increased Need to Hedge in 2024 Opens Path for Gold, Silver

What's The Argument For Looking Outside The U.S. In 2024?

US equities have been dominated by a handful of stocks, highlighting the need for diversification. US stocks and bonds have been positively correlated, making it challenging to hedge equity risks.

What's The Argument For Looking Outside The U.S. In 2024?

Silver Appears Bullish, But Dips Present Buying Opportunities

Bullish signals from a technical perspective have been pairing nicely with strong fundamentals. That bodes well for silver prices moving forward.

Silver Appears Bullish, But Dips Present Buying Opportunities

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