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Sprott Physical Gold and Silver Trust (CEF) – Don’t Be So Quick to Call it Dead

Sprott Physical Gold and Silver Trust (AMEX: CEF) is 20.21% higher on its value in year-to-date trading and has touched a low of $16.73 and a high of $23.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CEF stock was last observed hovering at around $23.39 in the last trading session, with the day’s loss setting it -0.37%.

Currently trading at $23.02, the stock is 2.32% and 2.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -1.58% at the moment leaves the stock 11.81% off its SMA200. CEF registered 28.10% gain for a year compared to 6-month gain of 24.43%.

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The stock witnessed a 2.72% loss in the last 1 month and extending the period to 3 months gives it a 0.88%, and is 1.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.47% over the week and 1.35% over the month.

Distance from 52-week low is 37.64% and -2.75% from its 52-week high.

Sprott Physical Gold and Silver Trust quarterly earnings per share for the current quarter are estimated at 0.

The shares outstanding are 203.24M, and float is at 203.24M.

The top institutional shareholder in the company is CENTRAL TRUST CO with over 7.77 million shares valued at $171.24 million. The investor’s holdings represent 3.7219 of the CEF Shares outstanding. As of 2024-06-30, the second largest holder is SIMPLICITY WEALTH,LLC with 5.82 million shares valued at $128.36 million to account for 2.7901 of the shares outstanding. The other top investors are BLEAKLEY FINANCIAL GROUP, LLC which holds 5.82 million shares representing 2.7901 and valued at over $128.36 million, while PARALLAX VOLATILITY ADVISERS, L.P. holds 1.9149 of the shares totaling 4.0 million with a market value of $88.1 million.

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