Sprott Physical Platinum and Palladium Trust

Sprott Physical Platinum and Palladium Trust is a closed-end fund that invests and holds physical platinum and palladium. The primary function of the trust is to provide investors with a secure and convenient way to invest in these two precious metals without the complexities of storage or management. As precious metals, platinum and palladium are significant in various industrial applications, including catalytic converters in the automotive industry, electronics, and jewelry. The trust holds actual bars of these metals in secure vaults, providing transparency and independent audits to ensure the authenticity and quantity of the holdings. By offering a tangible way for investors to gain exposure to platinum and palladium, the trust plays a key role in diversifying portfolios with assets that can hedge against inflation and currency fluctuations. The focus on physical holdings differentiates it from other investment vehicles, adding layers of security and tangibility to its market significance.