Sprott Physical Gold and Silver Trust
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.
0
Funds holding %
of 7,428 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
77% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 22
3% more funds holding
Funds holding: 358 [Q1] → 370 (+12) [Q2]
3% less capital invested
Capital invested by funds: $1.71B [Q1] → $1.66B (-$45.7M) [Q2]
1.93% less ownership
Funds ownership: 30.38% [Q1] → 28.46% (-1.93%) [Q2]
21% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 11 (-3) [Q2]
30% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 114
Research analyst outlook
We haven’t received any recent analyst ratings for CEF.
Financial journalist opinion
Positive
ETF Trends
1 week ago
Central Bank Buying to Buoy Gold & Silver Prices
Central banks' willingness to buy more precious metals should help buoy prices for both gold and silver. Around the globe, central banks continue to quench their thirst for both, providing investment opportunities in ETFs with exposure to both metals.
Positive
Seeking Alpha
2 weeks ago
CEF For Both Gold And Silver
It may be a good period for gold again—but the economic context does not rule out a continuation of the trend for silver either. In this scenario, CEF positions itself as a weighted solution in the form of a closed-end fund for exposure to both precious metals. Today, it trades at a 4% discount to NAV and offers accessible management costs (0.48%), following the motto "don't overpay."
Positive
Seeking Alpha
1 month ago
CEF: Still A Great Way To Play Precious Metals
Sprott Physical Gold and Silver Trust (CEF) offers direct exposure to both gold and silver, providing diversification versus single-metal funds. CEF currently trades at an attractive discount to its net asset value, enhancing its appeal as a value investment opportunity. My previous bullish stance on CEF in 2023 was validated by strong performance, reinforcing my confidence in the fund.
Negative
Forbes
2 months ago
Why We're Dodging These 3 Gold CEFs (Even With Gold Soaring)
Here's a surprise from a die-hard closed-end fund (CEF) fan like me: Sometimes CEFs aren't your best bet.
Neutral
GlobeNewsWire
3 months ago
Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold and Silver Trust (NYSE: CEF) (TSX: CEF / CEF.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$250 million of units of the Trust (“Units”) in the United States and Canada.
Positive
Seeking Alpha
4 months ago
CEF: It's Silver's Turn
I'm reiterating a 'buy' for CEF due to its balanced precious metals exposure, but noting Silver's underperformance against Gold and Copper. Gold is currently overheated with a potential pullback, while Silver is undervalued and poised for a potential aggressive rotation. CEF's Gold to Silver ratio has shifted from 2:1 to over 3:1, making PSLV a better play for a bullish Silver thesis.
Positive
Seeking Alpha
6 months ago
Gold And Silver Rally: The Sprott Physical Gold And Silver Trust Owns The Metals
Gold and silver posted significant gains in 2024, with gold up 27.47% and silver up 21.41%, continuing their bullish trends into 2025. Tariffs imposed by the Trump administration on major trading partners have added volatility but supported the bullish trends in gold and silver. Gold's steady appreciation and lower volatility make it a reliable investment, while silver's higher volatility and industrial demand offer speculative opportunities.
Positive
ETF Trends
8 months ago
Positive Forecasts for Gold, Silver Despite Dollar Pressure
A rising dollar has been applying downward pressure on gold and silver following the U.S. presidential election. But market experts are still forecasting record prices for both precious metals heading into 2025.
Neutral
GlobeNewsWire
8 months ago
Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program
TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold and Silver Trust (NYSE: CEF) (TSX: CEF) (TSX: CEF.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has added additional sales agents to its at-the-market equity program to issue up to US$250 million of units of the Trust (“Units”) in the United States and Canada.
Positive
ETF Trends
9 months ago
Silver's Historic Run Could Just Be Getting Started
Silver's year-to-date gain is even outshining its golden peer. Furthermore, silver's historic bull run could just be getting started.
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