6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities
Exchange Act of 1934

For the month of March 2019

Commission File Number: 001-38346

SPROTT PHYSICAL GOLD AND SILVER TRUST

(Translation of registrant’s name into English)

Suite 2600, South Tower,

Royal Bank Plaza,

200 Bay Street,

Toronto, Ontario,

Canada M5J 2J1

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F o Form 40-F x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

EXHIBITS INCLUDED AS PART OF THIS REPORT

Exhibit
99.1	Letter from Royal Canadian Mint dated March 22, 2019

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SPROTT PHYSICAL GOLD AND SILVER TRUST

(Registrant)

By Sprott Asset Management GP Inc.,

as general partner of

the manager of the Registrant

	By:	/s/ John Ciampaglia
		John Ciampaglia
		Director
Dated: March 26, 2019

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EX-99.1

Exhibit 99.1

	Sprott Asset Management 200 Bay Street, Suite 2600 Toronto, Ontario, Canada M5J 2J1
	March 22, 2019
	Dear Mr. Ciampaglia,
	As a precious metal custodian, the RCM regularly reviews its pricing policies in relation to its allocated storage accounts to ensure that RCM is being adequately compensated for services rendered.
320 SUSSEX DRIVE 320, PROMENADE SUSSEX OTTAWA ON K1A 0G8 CANADA 613-993-3500 MINT.CA MONNAIE.CA	Following the recent request to begin selecting specific bars for withdrawals, the RCM has identified that such withdrawals will require a considerably higher level of effort to fulfill, placing a further strain on RCM’s operations given the significant high-volume withdrawal requests we are currently receiving from your firm.
	In consideration of the above, RCM is proposing an increase in withdrawal fees of up to 1.5% for gold and up to 2.5% for silver withdrawn under the Sprott Gold and Silver Physical Trust account. This will compensate RCM for its efforts described above, as well as continuing to ensure that your firm’s long-term holders are not bearing the cost of frequent high-volume withdrawals through the introduction of higher monthly storage fees. This increase is effective for all currently pending and future withdrawals.
	We thank you for your understanding, and for your valued business. Should you have any questions or concerns regarding this proposal, we remain available to discuss.
	Sincerely,
	/s/ Amanda Bernier
	Amanda Bernier
	Sales Director, Bullion, Storage & Refining Solutions
	Royal Canadian Mint
	Tel: 613-618-1754
	E-mail: berniera@mint.ca