Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Shares Gap Down – What’s Next?

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) gapped down prior to trading 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 trading hands.

Sprott Physical Gold and Silver Trust Trading Down 11.5%

The stock’s fifty day moving average price is $47.20 and its 200-day moving average price is $39.04.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

A number of large investors have recently made changes to their positions in CEF. Jupiter Asset Management Ltd. increased its holdings in shares of Sprott Physical Gold and Silver Trust by 29.7% in the third quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company’s stock valued at $130,112,000 after purchasing an additional 812,697 shares during the last quarter. GWN Securities Inc. grew its holdings in Sprott Physical Gold and Silver Trust by 1,878.1% in the 2nd quarter. GWN Securities Inc. now owns 227,584 shares of the company’s stock valued at $6,850,000 after buying an additional 216,079 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter worth $6,347,000. TIAA Trust National Association raised its holdings in shares of Sprott Physical Gold and Silver Trust by 119.1% during the 2nd quarter. TIAA Trust National Association now owns 362,035 shares of the company’s stock worth $10,897,000 after acquiring an additional 196,787 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Sprott Physical Gold and Silver Trust by 51.8% during the 2nd quarter. Jane Street Group LLC now owns 555,963 shares of the company’s stock valued at $16,734,000 after acquiring an additional 189,669 shares during the last quarter.

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.