Curated News
By: NewsRamp Editorial Staff
April 09, 2025
Silver Crown Royalties Inc. Acquires 1,000 Ounces of Physical Silver in Strategic Move
TLDR
- Silver Crown Royalties Inc. strategically purchased 1,000 ounces of physical silver at a significant discount, enhancing investment advantage.
- The purchase was based on spot price plus premium, totaling $30,650, stored with Money Metals Depository LLC, ensuring secure custody.
- Silver Crown aims to hedge against currency devaluation by converting cash to physical silver, providing investors with a tangible asset.
- SCRi's innovative approach of converting cash to silver bullion delivery offers a unique way to preserve wealth in uncertain economic times.
Impact - Why it Matters
This news matters as it showcases Silver Crown's commitment to providing investors with exposure to silver as a hedge against currency devaluation. The company's strategic purchase of physical silver aligns with its vision to minimize the negative impact of cost inflation while maximizing returns for shareholders.
Summary
Silver Crown Royalties Inc. announced the purchase of 1,000 ounces of physical silver in the spot market as part of its silver exposure strategy. The purchase was made at an average price of $30.65 per ounce, reflecting discounts to 20-day VWAP and recent highs. The physical silver will be stored with Money Metals Depository LLC.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Silver Crown Royalties Inc. Acquires 1,000 Ounces of Physical Silver in Strategic Move
