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.

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Sprott Physical Silver Trust USD > PSLV purchased 500,000 onces of Ag on Friday

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Comment by FastFFon Jan 31, 2021 11:59am

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Post# 32431454

RE:PSLV purchased 500,000 onces of Ag on Friday

The problem is PSLV has an at-the-market facility, which means any premium will be issued as new shares, not extra profits. And I'd be careful expecting a silver short squeeze, they will just change the rules, like in 1980, to declare a cash-only settlement, not delivery, and bail out the insiders.

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