On August 5, Sprott Physical Silver Trust rose 5.06% in regular trading, trading at $20.34/share, with turnover of $42.46 million.

On the news front, spot silver surged 4% on the day while spot gold rose over 2% to break above the $4,100/ounce level, driving a broad rally across the precious metals sector. As a physical silver trust fund that directly tracks silver spot prices, Sprott Physical Silver Trust benefited directly from the sharp rally in silver prices. Across the broader precious metals space, Gold Fields rose over 7%, Coeur Mining and Hecla Mining gained over 5%, and Pan American Silver advanced over 4%.

Sprott Physical Silver Trust is an exchange-traded commodity fund launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets, primarily holding physical silver bullion in London Good Delivery bar form. It was formed on June 30, 2010 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.)