Sprott Physical Gold and Silver Trust

Sprott Physical Gold and Silver Trust is a closed-end mutual fund trust established under Ontario law and managed by Sprott Asset Management LP. It holds substantially all of its assets in unencumbered, fully allocated physical gold and silver bullion, limited to LBMA 'Good Delivery Bars' held in custody at the Royal Canadian Mint. Its purpose is to give investors an exchange-traded way to own physical bullion without the inconvenience of direct ownership.

The units trade on NYSE Arca (CEF) and the TSX (CEF and CEF.U). Unitholders can redeem units monthly for physical bullion at 100% of NAV, or for cash at 95% of the lesser of market price or NAV. The Trust can issue new units through an at-the-market program, but only at or above NAV.

The Manager receives a management fee of 0.40% of net assets per year, subject to a 0.65% expense cap. The Trust has no employees. As of September 30, 2026 it held 1,098,496 oz of gold and 46,140,412 oz of silver, with net assets of about $7.37 billion; gold made up roughly 62% of NAV and silver roughly 38%. Updated Nov 12, 2026