Someone emailed me about this, and I wanted to get the actual data so you can see it.
It appears that Eric Sprott has sold about 3 million shares of his Silver Trust so far this month. That is quite a bit of selling, but certainly not unheard of for someone who is a billionaire.
I have it second hand that the sales are related to a commitment that Eric Sprott has to a charitable obligation, and has nothing to do with his views on silver or the Trust. I obviously do not know with any certainty if this is the reason.
A similar search shows no such insider sales on the Sprott Physical Gold Trust.
I do have current positions in both of these funds, and some of their rivals.
I did not find anything about this on the Silver Trust homepage. I would think that some comment should be made given the size of the sales.
Insider Sales Data for PHS (PSLV in the US)
Note: Ed Steer reports that he called Eric Sprott and that the sales are being conducted for a charitable obligation, and that the sales are also related to his belief that miners will outperform bullion so he is shifting his assets accordingly.
One might obverse that a simple press release stating one's intentions for a very large sale or purchase is customary for the actions of a significant insider in a substantial public organization.
