Sprott Physical Silver Trust (PSLV) has released an update.
Sprott Physical Silver Trust, a closed-end mutual fund trust focused on long-term holdings of physical silver bullion, reported a significant increase in unrealized gains from silver assets in the first quarter of 2024, amounting to $199.2 million. Despite not issuing new units, the fund’s net asset value increased to $4,241.7 million or $8.74 per unit, reflecting a stable performance in line with the spot price of silver. The trust maintains its investment strategy and continues to provide investors with a secure and convenient way to invest in physical silver without the hassle of direct ownership.
For further insights into PSLV stock, check out TipRanks’ Stock Analysis page.