Sprott Physical Silver Trust Grows Assets and Silver Holdings in First Quarter 2026

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

Sprott Physical Silver Trust reported interim results for the three months ended March 31, 2026, highlighting its continued strategy of holding long-term, fully allocated physical silver bullion and confirming that its risk profile and investment objectives remain unchanged. The Trust operates as a low-cost vehicle, with operating expenses of $1.5 million, equal to 0.03% of average net assets on an annualized basis during the period, underscoring its appeal to investors seeking efficient exposure to silver.

During the quarter, the Trust’s net assets rose to $16.34 billion, or $25.71 per unit, up from $15.11 billion, or $24.59 per unit, at year-end 2025, driven by a net change in unrealized gains on silver of $611.9 million and realized gains of $67.7 million. The Trust expanded its asset base by issuing over 25.1 million units through its at-the-market program for $694.5 million in gross proceeds, while redeeming 3.7 million units for $107.9 million of silver bullion, and ended the period holding 216.8 million troy ounces of silver as its units traded at an average discount of about 4.8% to net asset value.

More about Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end mutual fund trust managed by Sprott Asset Management LP and focused on investing substantially all of its assets in physical silver bullion. The Trust offers investors a secure, exchange-traded vehicle to gain exposure to physical silver without the operational challenges of direct bullion ownership, with its units listed on NYSE Arca and the Toronto Stock Exchange under the ticker PSLV.

Average Trading Volume: 12,708,302

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