PHYS Stock Recent News

Volatility amid jittery markets is sparking additional appeal for safe haven assets like gold. And China is one of the largest consumers as its appetite for the precious metal continues.

TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that the Trust has updated its at-the-market equity program (“ATM Program”) to issue an additional US$1 billion of units of the Trust (“Units”) in the United States and Canada pursuant to a prospectus supplement dated April 11, 2025 (the “Prospectus Supplement”) to the short form base shelf prospectus dated September 6, 2024 (the “Base Shelf Prospectus”). Copies of the Prospectus Supplement and the Base Shelf Prospectus are available on EDGAR at the website of the United States Securities and Exchange Commission (the “SEC”) at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administra

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Patience with PHYS has paid off as it breaks out, outperforming US equities; I expect this trend to continue based on gold flow data and technicals. ETF and central bank gold flows have turned positive, with North America leading the charge, indicating strong demand and bullish sentiment. Technically, a brief pullback in gold is expected, but long-term fundamentals and historical bull market patterns suggest significant upside potential.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Gold prices repeatedly reached new highs in 2024 and are again nearing record levels. Multiple factors, including rising geopolitical tensions and the consequent demand for safe-haven assets, drive this upward trend.

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that it has updated its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.

PHYS provides exposure to allocated gold bullion stored at the Royal Canadian Mint. Gold and PHYS have traded sideways since April, working off overbought conditions. With the Fed expected to begin cutting rates in September, I believe PHYS' consolidation is coming to an end. I reiterate my buy rating.

While the anticipation of the first interest rate cut is building, so are recession fears. That could add another catalyst for higher gold prices as forthcoming economic data could hint at slower growth.

alexis84 After gold prices reached a new all-time high of USD 2,431, a sharp pullback between mid-and late-April created confusion and misjudgments even among leading analysts. Nevertheless, a strong recovery found its way back to the top. While gold (XAUUSD:CUR) as well as the SPDR Gold Shares ETF (GLD), the iShares Gold Trust ETF (IAU) and the Sprott Physical Gold Trust (PHYS) achieved their first weekly close above USD 2,400 ever, silver has been breaking through its key resistance zone around USD 30! Silver in US-Dollar, quarterly chart as of May 19th, 2024. (Tavi Costa) Despite gold prices rising by USD 621 or 34.3% from the major low on October 6th, 2023, silver (XAGUSD:CUR) and the iShares Silver Trust ETF (SLV) as well as the Sprott Physical Silver Trust (PSLV) had largely remained in the shadow of gold's strong performance. Hence, the typical exuberance in silver prices during the final stages of a rally in the precious metals sector has yet to manifest. However, a breakout ab