CEFSprott Physical Gold and Silver Trust

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.