Sprott Physical Silver Trust Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016
Sprott Physical Silver Trust announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported income of $77,153,388 compared to $47,005,516 a year ago. Net income and comprehensive income was $75,810,342 compared to $45,483,599 a year ago. Net cash used in operating activities was $1,199,199 compared to $1,277,743 a year ago. The Trust's net asset value per unit on March 31, 2016 was $5.92 compared to $5.33 per unit as at December 31, 2015.