Sprott Silver ETF Premium at 22.12 Percent on Oct. 11

Oct. 12 (Bloomberg) -- The Sprott Physical Silver Trust exchange-traded fund closed at a premium of 22.12% on Oct. 11, according to figures available on the fund’s website. A premium means that the closing price of the shares is higher than the value of its underlying holdings of the metal. The fund’s silver holdings were unchanged at 22,298,540 ounces

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                  Oct. 11    Oct. 10     Oct. 7     Oct. 6     Oct. 5     Oct. 4
                     2011       2011       2011       2011       2011       2011
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Closing NAV        $12.47     $12.48     $12.11     $12.44     $11.84     $11.70
Premium/      
 discount          22.12%     21.22%     21.39%     21.57%     18.66%     18.26%
                 ---------------------------Ounces----------------------------
Silver held    22,298,540 22,298,540 22,298,540 22,298,540 22,298,540 22,298,540
 Daily change           0          0          0          0          0          0
 % change            0.0%       0.0%       0.0%       0.0%       0.0%       0.0%
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SOURCE: Sprott Asset Management

To contact the reporter on this story: Terry Barrett in Washington at tbarrett1@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net