Sprott Physical Silver Trust

PSLV

Market cap $9.83B

The Federal Reserve's recent rate cut of 25 basis points could amplify gold's current rally. Prices have already broken through the $3,700 price mark, and another record high could hinge upon how aggressive rate cuts will be in the coming months.

The prospect of interest rate cuts this month and through the rest of the year is elevating prices for gold, but silver is also benefiting. The precious/industrial metal crossed the $40 price mark in the first week of September, which it hasn't done since 2011.

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.

Silver continues to show its luster alongside gold this year, but both carry differing demand drivers. Silver will benefit from recovering industrial activity and increasing investment demand—both highlighted in Sprott's latest silver report.

As stock market investors get a reprieve from the tariff volatility, silver prices have been showing signs of outpacing gold. If this is the start of an early trend, investors will want to consider exposure to the white metal.

TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$1 billion of units of the Trust (“Units”) in the United States and Canada.

Silver prices are not far behind gold, as both have rallied amid market uncertainty. But the metal is mostly tied to the performance of the broader economy.

While gold grabs the headlines, silver beckons investors as a timely opportunity amid a shifting economic landscape.

Industrial demand is growing exponentially for silver and that could continue in the long-term horizon. With the heavier reliance on alternative energy sources like electricity, this can only lift the prospects for silver prices.

Silver prices have risen over 14%, even besting its more expensive precious metal brethren gold. As silver demand increases, mining output will likely to rise alongside its uptrending prices.