Eric Sprott sells his Silver Trust units
TIM KILADZE
Globe and Mail Blog
Eric Sprott and Sprott hedge funds have sold trust units in Sprott's Physical Silver Trust. The trades were made in the last two weeks of April when the price of silver peaked.
The trades were reported in a document published by the Securities and Exchange Commission. In total, 1.6 million trust units were sold at an average price of about $21, making the proceeds worth about $34-million. The selling unitholders were Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Asset Management L.P. and Eric Sprott.