Sprott Physical Silver Trust Surpasses $10 Billion in Net Asset Value

Sprott ( (TSE:SII) ) has provided an announcement.

Sprott Inc. announced that the net asset value of its Sprott Physical Silver Trust has surpassed $10 billion, marking a significant milestone. This achievement reflects the rising demand for physical silver, driven by recent all-time high silver prices. The Trust, which holds over 202.6 million ounces of silver, provides investors with a liquid and convenient investment vehicle backed by fully allocated physical silver. The recent listing of options on the TSX further enhances investment opportunities for stakeholders.

The most recent analyst rating on (TSE:SII) stock is a Buy with a C$109.00 price target. To see the full list of analyst forecasts on Sprott stock, see the TSE:SII Stock Forecast page.

Spark’s Take on TSE:SII Stock

According to Spark, TipRanks’ AI Analyst, TSE:SII is a Outperform.

Sprott’s overall stock score reflects its strong financial performance, with robust growth and profitability supported by a solid balance sheet. While its technical indicators suggest caution, the company’s valuation and strategic initiatives provide a balanced outlook. The recent corporate events and positive earnings call sentiment further bolster its position in the market.

To see Spark’s full report on TSE:SII stock, click here.

More about Sprott

Sprott is a global asset manager specializing in precious metals and critical materials investments. The company offers a range of investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies. Sprott operates from offices in Toronto, New York, Connecticut, and California, and its shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.

Average Trading Volume: 83,010

Technical Sentiment Signal: Buy

Current Market Cap: C$2.99B

See more data about SII stock on TipRanks’ Stock Analysis page.