Sprott Physical Gold and Silver Trust [CEF] Stock Forecast

Bullish signals from a technical perspective have been pairing nicely with strong fundamentals. That bodes well for silver prices moving forward.

As we get deeper into the holiday season and 2023 winds down, technical indicators could reveal that silver bulls could benefit as the new year fast approaches. Over the past year, the precious metal has been rising just above 6% despite an ever-increasing dollar amid the Fed's tightening of monetary policy.

The article discusses the Sprott Physical Gold and Silver Trust as an investment option at its current market price. I have recommended and owned this product for many years and believes it offers a convenient way to invest in both gold and silver. Despite interest rates, gold has been performing well, making the Sprott Physical Gold and Silver Trust an attractive investment.

Sprott Physical Gold and Silver Trust shares have retraced their gains from earlier this year. CEF shares are now trading at a 5% discount to the net asset value of the fund. The macro setup is very troubling for broader risk assets like equities. In my view, safe haven assets are the right place to be today.

This fund holds physical gold and silver, unencumbered and fully accounted for. The discount to NAV is deeper now than when we last covered it. We review the fundamentals and provide our current outlook.

PSLV: Expect Silver Prices To Rise During 2023 In A Recession.

The Sprott Physical Gold and Silver Trust is a closed-end fund with strong appeal as an efficient and safe vehicle for exposure to these two precious metals. Numerous tailwinds are already in place that see us likely to be at the early stages of a structural bull market in gold and silver.

The CEF trust holds gold and silver bullion in a 65/35 ratio. Precious metal prices benefited from a reduction in the Fed's pace of interest rate hikes, with gold rallying over $300/oz in recent months.

CEF is trading at nearly a 5% discount to NAV. Even though precious metals paper prices moved lower last week, the metal equities rallied and bullion premiums are higher than they were a month ago.

I have had a small allocation to gold and silver through CEF for a while. This has provided some relative stability in my portfolio over time. While I don't love the fact that metals are non-income producing assets, there are other benefits to owning them.

Sprott Physical Gold and Silver Trust is a CA stock , located in Toronto of On and trading under the symbol CEF

Sprott Physical Gold and Silver Trust stock price is $18.48 today.

Yes, Sprott Physical Gold and Silver Trust is a publicly traded company.