Note: Sprott Physical Gold and Silver Trust (ARCA:CEF) is an investment fund that holds physical gold and silver. Therefore, it does not generate revenues like a typical company selling products or services.

Industry Revenues: Not applicable, as it is a trust holding physical precious metals.

TOP 3 Markets: Not applicable, as the Trust does not serve geographical markets in the traditional sense.

The Sprott Physical Gold and Silver Trust is designed to provide investors with a secure way to invest in physical precious metals. The value of the Trust primarily depends on market prices for gold and silver, not on revenues in different industries or markets.

Production: No own production

The Sprott Physical Gold and Silver Trust (ARCA:CEF) is an investment fund that holds physical gold and silver. It does not produce its own products, but invests in physical precious metals that are stored in secure vaults. The metals are sourced from various mines and producers worldwide, but the Trust does not disclose specific information about the origin of the metals, as the focus is on the secure storage and management of the holdings.

Strategy for Future Growth: Diversification and Expansion of Asset Base

Sprott Physical Gold and Silver Trust pursues a strategy aimed at diversification and expanding its asset base. The company focuses on acquiring more physical precious metals to strengthen investor confidence and enhance the trust's appeal.

Another aspect of the growth strategy is increasing liquidity and accessibility for investors. This is achieved through listing on multiple exchanges and improving transparency and reporting.

Additionally, the company is investing in an enhanced marketing and educational initiative to raise awareness of the benefits of investing in physical precious metals. This is intended to attract new investors and expand the existing investor network.

Commodities: Gold and Silver

Main importing countries: Canada, USA, Mexico, Peru

The Sprott Physical Gold and Silver Trust (ARCA:CEF) is an exchange-traded fund that holds physical inventories of gold and silver. These commodities are mainly imported from countries that are significant producers of gold and silver. Canada and the USA are leading producers and offer stable political and economic conditions that facilitate the import. Mexico and Peru are also significant silver producers and contribute to diversifying the sources.

Since the Trust holds physical inventories, the origin of the commodities is crucial for the transparency and credibility of the fund. The selection of importing countries is based on the availability of the commodities and geopolitical stability.

Competitive Advantage: Moderate to Strong (Estimated 2025)

The Sprott Physical Gold and Silver Trust (ARCA:CEF) offers a unique competitive advantage through its physical backing in gold and silver, which is attractive to investors who prefer physical precious metals.

The trust differentiates itself from other investment vehicles through the physical storage of the precious metals, which is regularly audited. This provides investors with an additional level of security not present in all competing products.

Additionally, the trust benefits from the reputation and expertise of Sprott, a renowned provider in the field of precious metal investments. This enhances investors' trust and can be seen as another competitive advantage.

Overall, the competitive advantage is moderate to strong, especially for investors who value physical backing and transparency.

Institutional Investor Share: Estimated around 60% (2025)

Insider Buys/Sells: No significant transactions reported (2025)

The Sprott Physical Gold and Silver Trust is heavily held by institutional investors, which is typical for such investment vehicles used as a hedge against market volatility and inflation. The institutional investor share is estimated at around 60%, based on historical data and typical market trends for similar trusts.

Insider transactions are less relevant for trusts like the Sprott Physical Gold and Silver Trust, as they are primarily held by institutional investors rather than individuals. Therefore, there have been no significant insider buys or sells reported.

Market share of Sprott Physical Gold and Silver Trust (ARCA:CEF): Estimated around 5% (2025)

Main competitors and their market shares:

1. SPDR Gold Shares (NYSEARCA:GLD) - around 30%
2. iShares Gold Trust (NYSEARCA:IAU) - around 25%
3. Aberdeen Standard Physical Gold Shares ETF (NYSEARCA:SGOL) - around 10%
4. Invesco DB Precious Metals Fund (NYSEARCA:DBP) - around 8%
5. Sprott Physical Gold and Silver Trust (ARCA:CEF) - around 5%
6. VanEck Merk Gold Trust (NYSEARCA:OUNZ) - around 4%
7. GraniteShares Gold Trust (NYSEARCA:BAR) - around 3%

Moat of Sprott Physical Gold and Silver Trust:

Sprott Physical Gold and Silver Trust offers investors the advantage of holding physical gold and silver, which is a significant benefit for some investors, especially in times of economic uncertainty. This physical ownership can be seen as a moat, as it provides a direct hedge against market risks that is not present in purely paper-based ETFs.

However, larger competitors like SPDR Gold Shares and iShares Gold Trust have the advantage of higher liquidity and larger volumes, making them more attractive to institutional investors. These factors can be seen as a stronger moat, as they offer easier tradability and lower costs.

Overall, Sprott Physical Gold and Silver Trust has a specific advantage through physical ownership, but the moat is limited compared to the larger, more liquid competitors.

Gold reserves: 1.5 million ounces (2024) Silver reserves: 60 million ounces (2024) Assets under management (AUM): 4.8 billion USD (2024)

Sprott Physical Gold and Silver Trust (ARCA:CEF) is a fund that holds physical gold and silver, making it an attractive option for investors who want to invest in precious metals without storing the physical metals themselves. The fund provides direct exposure to the underlying metals, meaning it is not exposed to the same risks as mining companies or other precious metal investments that can be influenced by operational and geopolitical risks.

The demand for gold and silver remains stable due to economic uncertainties, inflation fears, and geopolitical tensions. These factors could further increase the value of the metals held in the trust in the future. Additionally, the fund offers liquidity that is not available when directly purchasing physical metals.

However, investors should consider the storage costs and management fees of the fund, which can affect returns. Overall, the Sprott Physical Gold and Silver Trust could be a good investment for those seeking a hedge against economic uncertainties and looking to benefit from potential price increases in gold and silver.

Dividend: None

The Sprott Physical Gold and Silver Trust (ARCA:CEF) does not pay a dividend.

This trust is designed to provide investors with a secure way to invest in physical gold and silver. The main attraction lies in the physical protection against market volatility and inflation, not in generating dividend income. Investors who invest in this trust typically do so to benefit from the potential price increases of the precious metals, rather than to receive regular payouts.