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Gold & Silver Update: Sprott Physical Trust (PSLV) Bought 10 Million Oz of Silver In Under 3 Wee

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WallStForMainSt
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Published on 10 Feb 2021 / In Finance

The Sprott Physical Silver Trust (PSLV) has now added ~10 million oz of physical metal in under 3 weeks and is over 100 million oz of physical silver in the vault for the first time ever!

This newfound popularity for physical silver trusts should also benefit Sprott Inc (TSX: SII) shareholders with larger fees and larger dividend checks in the not too distant future.

Also, gold kilo bars are now out of stock from both APMEX and their wholesalers according to someone who tried to buy some more gold so the spin off from the Reddit Wall Street Bets silver forum after cleaning out a lot of physical silver is now moving onto cleaning out physical gold.

Plus, Chinese and Indian demand for gold have increased a lot in January 2021 compared to all of 2020.

And online retail bullion dealers like JM Bullion still cannot source 100 ounce silver bars.

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