Sprott Physical Gold and Silver Trust is a closed-end trust that provides direct exposure to physical gold and silver bullion. The trust’s units are backed by fully allocated, unencumbered bullion holdings, allowing investors to access precious metals through a market-traded structure rather than by storing bars or coins themselves. Its portfolio is centered on London Good Delivery gold and silver bars, with holdings managed to reflect a combined precious-metals allocation. Sprott Physical Gold and Silver Trust is used by market participants seeking a convenient way to gain exposure to bullion within portfolios that may also include equities, fixed income, and other commodities. As a physically backed vehicle, it serves an important role in the precious-metals segment by linking investor demand for gold and silver to a transparent trust structure.
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.19B
▲ +327.4% YoY
Net Income (TTM)
$2.18B
▲ +328.6% YoY
Net Margin
99.75%
P/E
3.60
Balance Sheet
Total Assets
$9.07B
Equity
$9.07B
Total Debt
$0.00
Cash & Equiv.
$19M
3Y CAGR: +712.0%
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Peers
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Held by ETFs
CEF is in 2 US ETFs. The largest of them, with CEF's weight in each:
Sprott Physical Gold and Silver Trust (CEF) in four numbers
Questions about Sprott Physical Gold and Silver Trust
Is Sprott Physical Gold and Silver Trust (CEF) overvalued?
At $38.87, Sprott Physical Gold and Silver Trust's price is 54% below the $84.72 a share fair value that Intrinsiqq's calculator gets from its book value. It trades at 3.60 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.
What is Sprott Physical Gold and Silver Trust's fair value?
Intrinsiqq's calculator puts Sprott Physical Gold and Silver Trust's fair value at $84.72 a share. It grows book value per share 20% a year for 5 years, applies an exit P/B of 1.1, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $63.54. Every input can be changed on the Intrinsic Value tab.
Is Sprott Physical Gold and Silver Trust a high-quality business?
Sprott Physical Gold and Silver Trust scores 100 out of 100 on Intrinsiqq's quality score, which makes it a high-quality business on these measures. The score blends 8 checks computed from company filings. Its best check is revenue growth at 304.8%. The Quality tab shows every check against its target.
Does Sprott Physical Gold and Silver Trust (CEF) pay a dividend?
No. Sprott Physical Gold and Silver Trust (CEF) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold. Over the last twelve months it returned cash through share buybacks instead, equal to a 0.3% buyback yield. The Dividends tab shows its cash returns.
Source: company filings. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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