Sprott Physical Silver Trust Now Fully Invested

TORONTO, Nov. 8 /CNW/ -- 
TORONTO, Nov. 8 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott") today announced that Sprott Physical
 Silver Trust (the "Trust"), a trust created to invest and hold
 substantially all its assets in physical silver bullion and managed by
 Sprott Asset Management LP, a wholly-owned subsidiary of Sprott, has
 invested substantially all of the proceeds of its recent Initial Public
 Offering in silver bullion.  The Trust has purchased 21,942,926 ounces
 of silver at an average cost of $24.24 per ounce.


The Units are listed on the NYSE Arca and the Toronto Stock Exchange
 under the symbols 'PSLV' and 'PHS.U', respectively.


Additional detail on the Trust can be found in the final prospectus
 available on EDGAR (www.edgar.com) and SEDAR (www.sedar.com) or on the
 Trust's website at www.sprottphysicalsilvertrust.com.


About Sprott Asset Management


Sprott Asset Management LP. (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com) is a fund company dedicated to achieving superior returns for its
 investors over time. SAM manages assets primarily for institutions,
 endowments and high net worth individuals. Sprott Asset Management LP
 is the investment manager of the Sprott Funds. Commissions, trailing
 commissions, management fees and expenses all may be associated with
 mutual fund investments. Please read the prospectus before investing.
 Mutual Funds are not guaranteed, their values change frequently and
 past performance may not be repeated. The information contained herein
 does not constitute an offer or solicitation by anyone in the United
 States or in any other jurisdiction in which such an offer or
 solicitation is not authorized or to any person to whom it is unlawful
 to make such an offer or solicitation. Prospective investors should
 consult their financial advisor to determine if these Funds may be sold
 in their jurisdiction.

%SEDAR: 00026778E          %CIK: 0001494728



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