Sprott ( (TSE:SII) ) just unveiled an announcement.
Sprott Inc. announced that the net asset value of its Sprott Physical Silver Trust has exceeded $6 billion, marking a significant milestone for the trust. The trust, which is the second largest exchange-listed physical silver fund globally, is fully backed by physical silver and offers a liquid, exchange-listed investment vehicle for investors. This achievement underscores the trust’s strong market position and highlights the increasing importance of physical silver ownership in the current market environment.
More about Sprott
Sprott Inc. is a global asset manager specializing in investments in precious metals and critical materials. The company offers a range of investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies, with offices in Toronto, New York, Connecticut, and California. Sprott’s shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ‘SII’.
YTD Price Performance: 6.47%
Average Trading Volume: 105,242
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.15B
For an in-depth examination of SII stock, go to TipRanks’ Stock Analysis page.