Sprott Silver ETF Premium at 16.49 Percent on Oct. 31

Nov. 1 (Bloomberg) -- The Sprott Physical Silver Trust exchange-traded fund closed at a premium of 16.49% on Oct. 31, 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

================================================================================
                  Oct. 31    Oct. 28    Oct. 27    Oct. 26    Oct. 25    Oct. 24
                     2011       2011       2011       2011       2011       2011
================================================================================
Closing NAV        $13.33     $13.73     $13.64     $12.98     $12.93     $12.35
Premium/      
 discount          16.49%     16.72%     16.78%     19.23%     18.67%     17.53%
                 ---------------------------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%
================================================================================
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