Sprott Physical Gold Trust (PHYS) Rallies Over 2.6% on Strong Trading Volume
The Sprott Physical Gold Trust (PHYS), which offers investors exposure to physical gold bullion, experienced a significant upward move in Tuesday morning trading on the NYSE.
As of 11:26 AM EDT, PHYS was trading at $23.63 per share. This marks a notable gain of $0.60, representing a substantial increase of 2.61% for the trading session. The trust opened strongly at this price, gapping up significantly from its previous close of $23.03.
Trading activity surrounding the gold trust was particularly robust. Volume surpassed 15.5 million shares by late morning, considerably higher than its average volume of approximately 4.37 million shares, indicating heightened investor interest. The day’s trading range has been relatively tight near the highs, fluctuating between $23.46 and $23.64.
This positive performance pushes PHYS closer to the upper end of its 52-week range ($17.64 – $24.28) and brings its intraday market capitalization to approximately $19.63 billion. The move reflects strength in assets linked directly to the price of physical gold.
