Sprott Physical-U (PHYS) Surges 0.96% on Momentum-Driven Rally Amid Speculative Commodities Push

Sprott Physical-U (PHYS) climbed 0.96% on Monday, marking back-to-back gains over the past two sessions with a cumulative rise of 1.18%. The ETF’s share price reached an intraday high of $X.XX, its highest level since September 2025, driven by a 1.14% rally during morning trading. The upward momentum suggests renewed investor interest in physical gold exposure, though no material catalysts have been identified to explain the move.

Despite the absence of recent market-moving news or macroeconomic shifts directly tied to the gold-backed ETF, the price action aligns with broader trends of speculative positioning in commodities. PHYS, which tracks the physical delivery of gold bullion, has historically shown sensitivity to shifts in monetary policy and inflation expectations. However, analysts note that the recent performance appears to reflect short-term momentum trading rather than fundamental revaluation of the underlying asset.

The ETF’s performance underscores the dynamic nature of gold-related instruments in a market environment characterized by low volatility and limited directional guidance. While the lack of concrete news excludes external factors as drivers, the sustained buying pressure indicates a potential shift in sentiment toward tangible asset allocations. Investors are advised to monitor technical indicators and broader market conditions for clues on the sustainability of the current trend.