Sprott Physical Gold Trust (PHYS) Price

The P/E ratio of Sprott Physical Gold Trust is 7.6021

The current price of PHYS is 27.94, it has decreased 0.21% in the last trading day.

Sprott Physical Gold Trust belongs to N/A industry and the sector is N/A

Sprott Physical Gold Trust's current market cap is $12.9

According to wall street analysts, 0 analysts have made analyst ratings for Sprott Physical Gold Trust, including 0 strong buy, 0 buy, 0 hold, 0 sell, and 0 strong sell

Looks like PHYS is taking a breather, bro. After a monster run that pushed it into overbought territory, the trust is seeing some profit-taking and jitters ahead of the next Fed meeting. The long-term trend is still strong, but today's dip is a classic cooldown.

PHYS is basically a tracker for the price of physical gold, so its movement is tied to the broader gold market[^0^]. Here’s the breakdown of what’s happening:

• Macro Tailwinds: Gold has been on an absolute tear this year, hitting multiple record highs[^0^][^5^]. This rally was fueled by expectations of Fed rate cuts (which lowers real interest rates, making non-yielding gold more attractive), persistent inflation concerns, and massive buying from central banks[^0^][^3^].
• Today's Pullback: The price is down about 0.74% today[^0^]. This minor drop is likely due to traders de-risking and taking profits ahead of the upcoming Federal Reserve meeting. News headlines confirm the market is getting slammed a bit while awaiting the Fed's verdict[^9^][^10^]. Big economic announcements always bring volatility, and nobody wants to get caught on the wrong side.
• Technical Indicators Screaming "Overbought":
  • RSI (Relative Strength Index): On the daily chart, the RSI recently hit levels above 80 and is still at a high of 74[^0^]. Anything over 70 is considered overbought and often signals that a pullback or consolidation is imminent.
  • MACD (Moving Average Convergence Divergence): While the daily MACD is still technically in a bullish cross, the momentum is clearly weakening, with the histogram shrinking over the past few days[^0^]. On the hourly chart, the MACD has crossed into bearish territory, confirming the short-term downward pressure[^0^].
• Key Levels to Watch:
  • Resistance: PHYS is currently struggling to stay above the $28.27 level, which is acting as immediate resistance[^0^].
  • Support: If the pullback continues, the first major support level to watch on the daily chart is around $26.42[^0^].

The overall technical signal is "neutral" right now, which makes sense—the strong uptrend is pausing[^0^].

Seriously, trying to time the top is a fool's game. Instead of FOMO-ing in after a 40% run-up, maybe watch for a bounce off a key support level. Or better yet, track what the gold bugs are actually doing on Edgen Radar before you make your next move.