Sprott Physical Silver Trust Expands ATM Program for Up to US$2 Billion in New Units

Sprott Physical Silver Trust ( (PSLV) ) has shared an announcement.

Sprott Physical Silver Trust has updated its at-the-market equity program, allowing it to issue up to US$2.0 billion of trust units in the United States and Canada through a syndicate of U.S. and Canadian agents on the NYSE and TSX at prevailing market prices. The proceeds from any unit sales will be used to purchase additional physical silver bullion in line with the Trust’s mandate, potentially expanding its silver holdings and deepening its role as a vehicle for investors seeking direct exposure to physical silver, subject to listing requirements and the Trust’s discretion over timing and volume of distributions.

More about Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-ended mutual fund trust managed by Sprott Asset Management LP, a subsidiary of global precious metals and critical materials asset manager Sprott Inc. The Trust is designed to invest substantially all of its assets in physical silver bullion, offering investors exchange-listed exposure to silver through units traded on the NYSE and TSX, while Sprott’s broader business spans exchange-listed products, managed equities and private strategies focused on commodity-related investments.

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