Sprott Physical Gold & Silver Trust (CEF) Shares Outstanding (2018 - 2026)
Sprott Physical Gold & Silver Trust (CEF) recorded Shares Outstanding of 194.56 million in the quarter ended Jun 30, 2026, down 5.0% from 204.7 million a year earlier and unchanged from the prior quarter.
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Analysis
Sprott Physical Gold & Silver Trust (CEF) Shares Outstanding (2018 - 2026) Analysis & Trends
Starting with the quarter ended Dec 31, 2018, Sprott Physical Gold & Silver Trust's Shares Outstanding history includes 30 quarters.
- Annual Shares Outstanding has declined for four straight years, with a five-year compound annual growth rate of -1.5% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Shares Outstanding came in at 204.7 million in the year ended Dec 31, 2024 (-4.6%), 214.59 million in the year ended Dec 31, 2023 (-1.4%), 217.71 million in the year ended Dec 31, 2022 (-1.4%) and 220.85 million in the year ended Dec 31, 2021 (+5.5%).
- Quarterly Shares Outstanding has ranged from 194.56 million in the quarter ended Dec 31, 2025 to 220.85 million in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, Shares Outstanding has declined for 15 consecutive quarters, with an average decline of 4.3% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 5.5% in the quarter ended Sep 30, 2022, against a decline of 5.0% in the quarter ended Dec 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 194.56 million (quarter ended Mar 31, 2026), 194.56 million (quarter ended Dec 31, 2025) and 204.7 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 219.44 Bn | -2,080.43 Bn | 24.75 Bn | 1.70 Bn |
| 2 | Bhp | 215.50 Bn | 159.30 Bn | - | 2.54 Bn |
| 3 | Bank Of Nova Scotia | 114.31 Bn | -320.91 Bn | - | 1.24 Bn |
| 4 | Nokia | 59.49 Bn | 59.49 Bn | 2.58 Bn | 5.42 Bn |
| 5 | Haleon | 40.60 Bn | 33.79 Bn | - | 4.49 Bn |
| 6 | Gold Fields | 32.92 Bn | 29.72 Bn | - | 894.97 Mn |
| 7 | Sprott Physical Gold Trust | 14.95 Bn | 14.82 Bn | - | 457.31 Mn |
| 8 | Sprott Physical Silver Trust | 12.17 Bn | 11.84 Bn | - | 557.08 Mn |
| 9 | Magnum Ice Cream | 11.35 Bn | 10.03 Bn | - | 612.30 Mn |
| 10 | Sprott Physical Gold & Silver Trust | 8.00 Bn | 7.94 Bn | - | 194.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 194.56 Mn |
| Mar 31, 2026 | 194.56 Mn |
| Dec 31, 2025 | 194.56 Mn |
| Sep 30, 2025 | 204.70 Mn |
| Jun 30, 2025 | 204.70 Mn |
| Mar 31, 2025 | 204.70 Mn |
| Dec 31, 2024 | 204.70 Mn |
| Sep 30, 2024 | 214.59 Mn |
| Jun 30, 2024 | 214.59 Mn |
| Mar 31, 2024 | 214.59 Mn |
| Dec 31, 2023 | 214.59 Mn |
| Sep 30, 2023 | 217.71 Mn |
| Jun 30, 2023 | 217.71 Mn |
| Mar 31, 2023 | 217.71 Mn |
| Dec 31, 2022 | 217.71 Mn |
| Sep 30, 2022 | 220.85 Mn |
| Jun 30, 2022 | 220.85 Mn |
| Mar 31, 2022 | 220.85 Mn |
| Dec 31, 2021 | 220.85 Mn |
| Sep 30, 2021 | 209.43 Mn |
API Access
Sprott Physical Gold & Silver Trust Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "CEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();