Sprott Physical Gold and Silver Trust Dossier
Qualitative Analysis
Business overview
Sprott Physical Gold & Silver Trust (NYSE Arca: CEF) is a closed-end mutual fund trust established under the laws of Ontario, Canada. The Trust was created to invest and hold substantially all of its assets in physical gold and silver bullion. It seeks to provide a secure, convenient, and exchange-traded investment alternative for investors who want to hold physical precious metals without the logistical inconveniences, storage requirements, and transaction premiums typical of direct physical bullion ownership. The Trust's physical gold and silver are fully allocated and stored securely in the custody of the Royal Canadian Mint. Unitholders also benefit from a monthly physical redemption option, subject to meeting minimum redemption requirements.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
The Trust maintains and updates an active At-The-Market (ATM) equity program to issue up to US$250 million of units in the United States and Canada, allowing for opportunistic capital raising and liquidity enhancement.
Expected impact: Provides the Trust with a flexible mechanism to issue new units, increase outstanding shares, and expand its physical gold and silver bullion holdings in line with investor demand.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Acts as the physical custodian for the Trust's gold and silver bullion, ensuring secure, fully allocated, and unencumbered storage at a highly trusted sovereign facility.
Terms: Custodial fees are paid out of the Trust's operating expenses, which are capped under its overall management expense structure.