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Good news and bad news for the Sprott Physical Silver Fund (PSLV)

The good news is that PSLV has more assets under management than this time last year:

The bad news is that it's because it owns sixteen million, four hundred and nine thousand, five hundred and seventy-four more ounces of gold silver than this time last year. Or if you prefer:

At least mister Eric hasn't had to sell any of the bullion in the fund. Yet.

Update Thursday. Gosh, did i say gold up there? Brainfarts R us, thanks for the mails (plural)