Sprott Physical Gold & Silver Trust (CEF) Form 6-K — Aug 13, 2026
Sprott Physical Gold and Silver Trust reported a net loss of approximately $1.56 billion for the three months ended June 30, 2026, and $933.6 million for the first half of 2026, versus net income of $326.8 million and $1.24 billion in the comparable 2025 periods. The swing was driven by unrealized losses on bullion as spot gold fell to $4,008.02 per ounce and silver to $58.60 per ounce, from $4,319.37 and $71.66 at December 31, 2025. Net assets declined to $7,331.8 million, or $41.81 per unit, at June 30, 2026 from $9,065.0 million, or $47.48 per unit, at year-end 2025, a six-month return of -11.9%.
Key figures
- Net Income
- -$933.6 million (six months ended June 30, 2026) vs. +$1,242.3 million (same period 2025)
- Total Assets
- $7.34 billion
- Cash Position
- $8.8 million
- Shares Outstanding
- 175366162
- Nav
- $7,331.8 million
- Mer pct
- 0.48
- Q2 net loss
- -$1,563.97 million (vs. +$326.8 million in Q2 2025)
- Nav per unit
- 41.81
- H1 return pct
- -11.9
- Atm units issued
- 541032
- Gold holdings oz
- 1133694
- Gold spot usd oz
- $4,008.02
- Per unit loss h1
- -$5.02
- Per unit loss q2
- -$8.60
- Redemption units
- 16111739
- Redemption value
- $827.0 million
- Atm gross proceeds
- $27.5 million
- Management fees h1
- $19.1 million (vs. $11.2 million H1 2025)
- Silver holdings oz
- 47506339
- Silver spot usd oz
- $58.60
- Total nav dec31 2025
- $9,065.0 million
- H1 realized gains gold
- $334.3 million
- Avg discount to nav pct
- 5.3
- Closing price nyse arca
- $40.23
- Nav per unit dec31 2025
- 47.48
- H1 realized gains silver
- $257.6 million
- H1 unrealized losses gold
- -$650.5 million
- H1 unrealized losses silver
- -$852.8 million
AI analysis
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