Silver Crown Royalties Inc. has acquired 1,000 ounces of physical silver in a strategic move to diversify its financial holdings and provide a potential hedge against economic volatility. The company purchased the silver at an average price of $30.65 per ounce, which represents an 8% discount to the 20-day volume-weighted average price and an 11% discount from recent market highs.
The total investment of US$30,650 reflects the company's commitment to maintaining financial flexibility while offering investors an alternative to traditional currency-based assets. The physical silver will be stored with Money Metals Depository LLC, ensuring secure storage and potential future liquidity.
CEO Peter Bures explained the rationale behind the purchase, emphasizing the company's desire to convert a portion of its cash reserves into a tangible asset. By acquiring physical silver, Silver Crown Royalties aims to provide investors with exposure to a commodity that can potentially protect against currency devaluation.
This strategic move aligns with the company's broader vision of offering investors a natural hedge against economic uncertainty. As a silver royalty company with four existing silver royalties, three of which are currently generating revenue, Silver Crown Royalties continues to position itself as a innovative player in the precious metals investment landscape.
