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Saturday, September 30, 2023

Sprott Physical Gold and Silver Trust (NYSE:CEF) Recent Earnings Shows Major Concern

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Sprott Physical Gold and Silver Trust (CEF) shares are trading at lower $19.54.

To add more color to this target, the company’s high over the last year is $21.47 and the low is $11.95. Over the last 52 weeks, CEF is up 30.27% while the S&P 500 is up 15.97%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

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Company Outlook

CEF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.06 million and more growth is possible in the weeks ahead. Investors should also keep an eye on sector updates as CEF has historically followed its peers on positive news.

All told, Sprott Physical Gold and Silver Trust CEF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CEF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

CEF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CEF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CEF, either long or short, and we have not been compensated for this article.

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