Sprott Physical Gold and Price, Forecast, Insider, Ratings, Fundamentals & Signals

Toronto, april 13, 2021 (globe newswire) -- sprott asset management lp ("sprott asset management"), a subsidiary of sprott inc., on behalf of the sprott physical gold and silver trust (nyse: cef) (tsx: cef) (tsx: cef.u) (the "trust"), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has updated 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.

Toronto, nov. 02, 2020 (globe newswire) -- sprott asset management lp ("sprott"), on behalf of the sprott physical gold and silver trust (nyse: cef) (tsx: cef) (tsx: cef.u) (the "trust"), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has established an at-the-market equity program for sales of trust units of the trust ("units") in canada. the existing at-the-market equity program in the united states remains in place.

Eric Fry's gold prediction is playing out

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.

Under the basic rules of economics, the cure for high prices is high prices. With that in mind, gold could soon put that idea to the test, with futures prices marking record-high settlements 15 times so far this year.

Sprott Physical Gold and Silver Trust is a closed-end fund that invests in gold and silver, with a mix of 2/3 gold and 1/3 silver. Gold and silver have underperformed in 2023 due to lack of impetus from Fed rate cuts and investor focus on equities and Bitcoin. The lack of interest in precious metals presents a bullish setup for CEF, with potential for increased investor attention and upside in gold and silver prices.

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.

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.

US equities have been dominated by a handful of stocks, highlighting the need for diversification. US stocks and bonds have been positively correlated, making it challenging to hedge equity risks.

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

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.

The article discusses the Sprott Physical Gold and Silver Trust as an investment option at its current market price. I have recommended and owned this product for many years and believes it offers a convenient way to invest in both gold and silver. Despite interest rates, gold has been performing well, making the Sprott Physical Gold and Silver Trust an attractive investment.