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Sprott Physical Silver Trust USD T.PSLV

Alternate Symbol(s):  PSLV

Sprott Physical Silver Trust (the Trust) is a Canada-based closed-end mutual fund trust. The Trust's 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 Trust will only purchase and expects only to own Good Delivery Bars as defined by the London Bullion Market Association (LBMA), with each bar purchased being verified against the LBMA source by representatives from the Trust’s custodian, the Royal Canadian Mint. Sprott Asset Management LP is the manager of the Trust.


TSX:PSLV - Post by User

Comment by fivekson Apr 14, 2011 3:01pm
400 Views
Post# 18432661

RE: A Question To This Board

RE: A Question To This Board
Work around this ? . . . Not as far as I know.

On April 11/ 2011 I sold 500 of my PHS.U units for $ 18.84 for a total of $ 9,420.00 US . Commission was deducted
in $ CAD . ($130.00).  The Exchange Rate was 94.4  The net payout was CAD $ 8,774.41 for a total deduction of
CAD $ 645.59. I bought these units at US $ 10.21 on Nov.1/ 2010. I use a full time broker.

Not too happy about this.  Could get a lot worse with the US Dollar tanking. Hope that helps.  Fiveks.
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