Sprott Silver has raised its cash level by selling 100,000 ounces of silver from the Trust.
They have essentially converted a small portion of their silver assets to cash in order to manage their ongoing expenses.
This is less interesting method than a secondary offering, but the appropriate response given the somewhat dampened enthusiasm in sentiment that is a portion of the bear market in metals.
They have essentially converted a small portion of their silver assets to cash in order to manage their ongoing expenses.
This is less interesting method than a secondary offering, but the appropriate response given the somewhat dampened enthusiasm in sentiment that is a portion of the bear market in metals.
