Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end investment trust company. Its investment objective is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate with regard to short-term changes in silver prices. The company was founded on June 30, 2010 and is headquartered in Toronto, Canada.

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Though a stronger dollar caused silver to retreat in the past month, retail investors are still expecting the precious metal to rise above $40 in the new year according to a survey by Kitco News.

Retail Traders Expect Silver to Rise Above $40 in 2025

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A rising dollar has been applying downward pressure on gold and silver following the U.S. presidential election. But market experts are still forecasting record prices for both precious metals heading into 2025.

Positive Forecasts for Gold, Silver Despite Dollar Pressure

TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has added additional sales agents to its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Silver Trust Updates Its “At-the-Market” Equity Program

A global transition to clean energy should shine a light on silver's long-term prospects. Solar power demand, in particular, should prop up the need for silver moving forward.

Solar Power Growth Will Propel Silver's Long-Term Prospects

Silver's year-to-date gain is even outshining its golden peer. Furthermore, silver's historic bull run could just be getting started.

Silver's Historic Run Could Just Be Getting Started

Silver prices are up over 35% this year and could continue climbing. Global demand can further prop up prices and in the case of Russia, could add to the metal's upside.

Demand From Russia Could Add to Silver's Upside

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Silver has provided significant returns, up over 40% in the last year, and may catch up to gold in the ongoing precious metal bull market. The Federal Reserve's interest rate cuts and potential increased industrial use from China could support further appreciation in silver prices. Silver's industrial demand, particularly for solar cells and electric vehicles, combined with supply deficits, suggests a strong potential for future gains.

Silver Looks Ready To Break Out On The Next Round Of Rate Cuts

Gold prices are up over 27% so far this year. But silver prices have outpaced its precious metal counterpart, with more than a 30% gain in the same time frame.

It Could Be Time for Silver to Shine Next to Gold

In any asset class, timing the market can be a difficult, but cyclical patterns can offer valuable information when creating investment strategies. In the case of silver, seasonal patterns could be beneficial.

Seasonal Patterns in Silver Could Offer Investment Strategies

Both gold and silver prices have been heading higher for the year, but the price relationship between the two could portend to silver overtaking gold in the future. Gold has been rising over 20% year-to-date, but silver hasn't been far behind with a 17% gain.

Gold-Silver Ratio May Signal Buying Opportunity

Silver and gold are again grabbing investor attention following bouts of softer U.S. data, which boosted prospects of an interest rate cut by the Fed in September. However, silver has an edge over gold due to various reasons.

Silver or Gold: Which ETFs Should You Buy for 2H 2024?

It's easy to forget silver is more than a precious metal. It offers the dual purpose of an industrial metal that's also critical to the ongoing global energy transition.

3 Ways Silver Contributes to the Global Energy Transition

Rising silver prices may have been lost in the shadow of gold's rally near the end of the first quarter. But the prospect of rate cuts could bode well for the metal moving forward.

The Strength of Silver Lurks Quietly in the Background

PSLV shares are again near $9. I think this level has flipped to support rather than resistance. Technical analysis suggests a strong multi-year uptrend in silver with potential for another attempt at capturing $30/oz. The fundamental case for PSLV is supported by rising US debt and supply/demand dynamics in the silver market.

PSLV: Another Dip To Buy Sprott Physical Silver Trust

The global transition to alternative energy should power up silver prices given the metal's inclusion in various clean energy technologies. That industrial-precious metal component offers investors the opportunity to obtain exposure to an asset that serves both purposes.

Alternative Energy Demand Should Power Up Silver Prices

SPDR Gold Trust ETF (GLD), which tracks the price of gold bullion, has gained 9.3% in the past month. In comparison, iShares Silver Trust (SLV), the ultra-popular silver ETF, has outperformed its gold cousin, climbing 12.6% in the same time frame.

Silver ETFs Outshining Gold

When it comes to being a store of value, gold has always been ahead of silver. However, silver's duality of an industrial metal along with being a precious metal could allow it to see record highs this year, according to the Silver Institute.

Silver Demand Set to Meet Second-Highest Level on Record

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Gold and silver are set to log an uptrend in their values in 2024, as per the forecasts by UBS, as quoted on CNBC.

Gold to Hit $2200 & Silver to Sizzle in 2024? ETFs in Focus

2023 saw its fair share of geopolitical and macroeconomic forces that spurred market volatility. Market uncertainty in 2024 should persist, opening pathways for increased hedging, which should benefit gold and silver.

Increased Need to Hedge in 2024 Opens Path for Gold, Silver

Bullish signals from a technical perspective have been pairing nicely with strong fundamentals. That bodes well for silver prices moving forward.

Silver Appears Bullish, But Dips Present Buying Opportunities

As we get deeper into the holiday season and 2023 winds down, technical indicators could reveal that silver bulls could benefit as the new year fast approaches. Over the past year, the precious metal has been rising just above 6% despite an ever-increasing dollar amid the Fed's tightening of monetary policy.

Silver Bulls Could Be Ringing for the Holidays

Silver serving as a store of value as a precious metal and its industrial usage is helping buoy prices. This is despite the macroeconomic headwinds it's been facing for much of the year.

The Dual Purpose of Silver Is Buoying Prices

A combination of economic policy and geopolitical factors have been weighing down on silver thus far this year. However, a rebound could be brewing for the precious metal before year's end.

A Silver Rebound is Brewing Despite Interest Rate Pressure

June's Fed pause could make way for more rate hikes, but potentially at a lesser pace. Despite that, a precious metals index is showing signs of bullishness despite prolonged sideways movement.

Precious Metals Index Hints at Bullishness Despite Hawkish Fed

The U.S. Dollar Index has been trending lower since late 2022, paving the way for a precious metals rally in 2023. The last few months in particular have seen strength in the World Bank's precious metals index.

News for Sprott Physical Silver Trust ETF (PSLV)