Sprott Physical Silver Trust Falls 5% After Follow-On Offering
July 12, 2012 at 09:15 AM EDT
Sprott Physical Silver Trust (NYSEArca: PSLV) fell more than silver ETFs on Thursday after its manager announced a follow-on offering to buy more bullion. Sprott Physical Silver Trust was down 5.4% in premarket trading Thursday. The iShares Silver Trust (NYSEArca: SLV), an $8.5 billion ETF that...