Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Hits New 12-Month High – What’s Next?

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) hit a new 52-week high on Tuesday . The company traded as high as $49.01 and last traded at $49.1760, with a volume of 144347 shares changing hands. The stock had previously closed at $47.84.

Sprott Physical Gold and Silver Trust Stock Down 2.0%

The stock’s 50 day moving average is $42.22 and its 200 day moving average is $36.47.

Institutional Trading of Sprott Physical Gold and Silver Trust

Several institutional investors and hedge funds have recently made changes to their positions in CEF. NewEdge Advisors LLC lifted its stake in shares of Sprott Physical Gold and Silver Trust by 10.5% during the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock valued at $223,000 after buying an additional 744 shares during the period. Belpointe Asset Management LLC grew its position in shares of Sprott Physical Gold and Silver Trust by 742.2% in the first quarter. Belpointe Asset Management LLC now owns 102,055 shares of the company’s stock valued at $2,899,000 after purchasing an additional 89,938 shares during the period. HBW Advisory Services LLC increased its stake in Sprott Physical Gold and Silver Trust by 33.9% in the second quarter. HBW Advisory Services LLC now owns 22,469 shares of the company’s stock valued at $676,000 after purchasing an additional 5,692 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sprott Physical Gold and Silver Trust during the second quarter worth about $42,000. Finally, Bulwark Capital Corp purchased a new position in Sprott Physical Gold and Silver Trust during the second quarter worth about $123,000.

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.