On July 21, Sprott Physical Silver Trust rose 5.03% in regular trading, trading at approximately $19.00/share, with turnover of $54.72 million.

The fund is a physical silver trust that directly tracks spot silver prices. Silver previously experienced sustained heavy selling, with a single-week decline reaching 9.5% in late June, pressured by rising Fed rate hike expectations and a strengthening US dollar. Recent selling momentum has gradually exhausted, triggering an oversold technical rebound that lifted physical silver trust shares.

Spot silver surged approximately 4.83% on the day to $59.05/oz, supported by easing geopolitical tensions after a 10-day ceasefire proposal was submitted regarding the Iran situation, prompting short covering. Additionally, India's tightened silver import restrictions pushed domestic physical premiums above 10%, reflecting notably tight supply conditions.

Analysts note that silver has been in structural supply deficit for a sixth consecutive year, with annual shortfalls continuing to draw down inventories. Industrial demand from solar, EV, and AI sectors remains resilient, providing fundamental price support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)