04 January 2012

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds



The number of shares outstanding in the Sprott Silver Trust have been reduced slightly. The cash levels in that fund are very low. A new tranche of units from their shelf is indicated.

I would be quite surprised if plans are not underway, with the sticking point being the negotiation for large quantities of silver available for delivery at these prices in some reasonable timeframe.