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

Sprott Physical Silver Trust USD

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Post by Umpatanon Apr 29, 2013 11:30pm

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Post# 21317714

The premium in PSLV just went negative today to -.

The premium in PSLV just went negative today to -.05%. First time this has happened since the trust was launched in Oct 2010. This is a physicalsilver trust and unlike SLV ones PLSV units can be redeemed for physical silver (buying physical silver below melt?). Hard for me to make sense of this given the high premiums on physical silver coins and bars. Anyone have any idea what's going on?

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