Sprott buying more silver for its PSLV fund!

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susan

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Sprott buying more silver for its PSLV fund!

posted on Jan 17, 2012 05:36PM

This announcement is what many silver bugs have been waiting for as this will definitely take more physical off the market and make it more difficult to find. Prior to this announcement PSLV was trading at around a 30% premium to NAV. This could possibly be a game changer only time will tell.

Company Press Release
Tuesday, January 17, 2012

http://www.marketwire.com/press-release/sprott-physical-silver-trust-ann...

TORONTO -- Sprott Physical Silver Trust, a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering of transferable, redeemable units of the trust.

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