Sprott is good, sold Silver at top with 100% profit.

mtlu2

Eric Sprott and Sprott hedge funds have sold trust units in Sprott's Physical Silver Trust (PHS.U-T20.24-1.41-6.51%). The trades were made in the last two weeks of April when the price of silver (SI-FT45.99-2.60-5.36%) peaked.

The trades were reported in a document published by the Securities and Exchange Commission. In total, 1.6 million trust units were sold at an average price of about $21, making the proceeds worth about $34-million. The selling unitholders were Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Asset Management L.P. and Eric Sprott.