On July 21, Sprott Physical Silver Trust rose 5.14% in pre-market trading, trading at $19.001/share, with turnover of $584,300. The fund is a physical silver trust whose price directly tracks spot silver movements.

On the news front, silver had previously undergone a sustained sharp decline, with a single-week drop reaching 9.5% in late June, as markets were weighed down by rising Fed rate hike expectations and a strengthening US dollar. The dollar index climbed to a 13-month high, directly pressuring dollar-denominated precious metals. Goldman Sachs warned that a July rate hike carries roughly 50% probability, while gold briefly broke below the $4,000/oz level during the selloff period.

Recently, selling momentum has gradually exhausted, and silver prices have entered an oversold recovery phase, driving a rebound in physical silver trust shares. Analysts also noted that silver has been in a supply deficit for six consecutive years, with the fundamental supply gap providing floor support for prices.

Sprott Physical Silver Trust is an exchange-traded commodity fund that invests primarily in physical silver bullion in London Good Delivery bar form. It was formed on June 30, 2010 and is domiciled in Canada.

(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.)