Movement Alert｜Sprott Physical Silver Trust Falls 5.03% in Regular Trading, Silver Weakness Pressures Precious Metals Vehicles

Market Focus10-23

On October 23, Sprott Physical Silver Trust fell 5.03% in Regular Trading, trading at $17.7601 per share, with turnover of $56.6041 million.

The move came amid renewed pressure on silver-linked assets after recent weakness in precious metals tied to higher bond yields and a broader selloff in gold and silver names.

Recent market coverage showed silver had dropped to its lowest level since early August as rising Treasury yields weighed on precious metals, while silver ETFs had fallen nearly 10% over five trading days. More recently, US-listed gold, silver, and base-metals stocks broadly declined, underscoring the negative read-through for silver-backed vehicles such as Sprott Physical Silver Trust.

Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in physical silver bullion in London Good Delivery bar form. It was formed on June 30 and is domiciled in Canada.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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