abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Reaches New 12-Month High – Should You Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $65.95 and last traded at $65.59, with a volume of 3359956 shares. The stock had previously closed at $63.98.

abrdn Physical Silver Shares ETF Stock Up 2.5%

The stock has a 50 day moving average of $51.51 and a two-hundred day moving average of $42.72.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in abrdn Physical Silver Shares ETF by 245.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 393 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of abrdn Physical Silver Shares ETF in the second quarter worth about $28,000. CoreFirst Bank & Trust acquired a new position in shares of abrdn Physical Silver Shares ETF during the 2nd quarter worth about $48,000. AdvisorNet Financial Inc boosted its stake in abrdn Physical Silver Shares ETF by 48.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after purchasing an additional 386 shares during the period. Finally, Trust Co. of Vermont bought a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter valued at approximately $56,000.

About abrdn Physical Silver Shares ETF

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust. The sponsor of the Trust is ETF Securities USA LLC.