Company: SPPP
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001999371-25-017282
Chunk: 0

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-11-07
Form: 6-K
Chunk 0
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<div align='center'>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 November 2025

Commission File Number: 001-35765

SPROTT PHYSICAL PLATINUM AND PALLADIUM 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 offices)</div>

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

<div align='center'>Form 20-F ☐ Form 40-F ☒</div>

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 99.1are the Interim Management Report of Fund Performance and Unaudited Interim Financial Statements as of September 30, 2025 of Sprott Physical Platinum and Palladium Trust (the “Trust”).

Exhibit 99.1is hereby incorporated by reference into the Trust’s Registration Statement on Form F-10 (File No. 333-290826), filed with the Securities and Exchange Commission on October 10, 2025.

<div align='center'>2

SIGNATURES</div>

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.

<div align='center'>SPROTT PHYSICAL PLATINUM AND PALLADIUM TRUST
(Registrant)
By Sprott Asset Management GP Inc.,
as general partner of
the manager of the Registrant</div>

|                         | By: | /s/ Kevin Hibbert |
|                         |     | Kevin Hibbert     |
|                         |     | Director          |
| Dated: November 7, 2025 |     |                   |

<div align='center'>3</div>