Quarterly ResultMay 12, 2026, 04:56 PM
Sprott Physical Gold & Silver Trust Q1 Net Assets $9.36B
AI Summary
Sprott Physical Gold & Silver Trust reported an increase in net assets to $9.36 billion as of March 31, 2026, up from $9.06 billion at the end of 2025. However, net income for the first quarter of 2026 decreased to $630.3 million from $915.5 million in the prior year's quarter, and the Trust's return fell to 6.6% from 18.5%. The Trust saw a net redemption of units, despite an increase in spot prices for both gold and silver bullion.
Key Highlights
- Net assets increased to $9.36 billion ($50.62 per unit) as of March 31, 2026, from $9.06 billion ($47.48 per unit) at year-end 2025.
- Net income for Q1 2026 was $630.3 million, down from $915.5 million in Q1 2025.
- The Trust returned 6.6% in Q1 2026, compared to 18.5% for the same period in 2025.
- Issued 540,132 units for $27.4 million and redeemed 6,549,531 units for $361.0 million in Q1 2026.
- Held 1,194,768 troy ounces of gold and 50,002,336 troy ounces of silver as of March 31, 2026.
- Spot gold price rose to $4,668.06 per troy ounce and silver to $75.17 per troy ounce by March 31, 2026.
- Management fees increased to $10.1 million in Q1 2026 from $5.3 million in Q1 2025.
- Units traded at an average discount to net asset value of 5.8% in Q1 2026, wider than 3.8% in Q1 2025.