21 March 2014

NAV Premiums of Certain Precious Metal Trusts and Funds

As you may recall today is the 'quadruple witch' for the equity markets.

The premiums are at their 'new normal' levels.

The cash level continues to be historically thin at Sprott Silver, although they seemingly face no short term needs from their cash burn rate.  But at some point they will have to do another offering.