Sprott Physical Silver Trust (NYSEARCA:PSLV) Hits New 52-Week High – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.33 and last traded at $31.1770, with a volume of 7126590 shares. The stock had previously closed at $29.39.

Sprott Physical Silver Trust Stock Performance

The firm’s 50-day simple moving average is $21.90 and its 200 day simple moving average is $17.00.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Sprott Physical Silver Trust by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock worth $8,062,000 after acquiring an additional 38,084 shares during the period. World Investment Advisors grew its stake in shares of Sprott Physical Silver Trust by 38.6% during the 3rd quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock valued at $12,112,000 after buying an additional 214,997 shares during the period. Accordant Advisory Group Inc grew its stake in shares of Sprott Physical Silver Trust by 3.6% during the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock valued at $6,492,000 after buying an additional 18,410 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth $795,000. Finally, Regency Capital Management Inc. DE raised its position in shares of Sprott Physical Silver Trust by 3.1% in the 2nd quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock worth $2,557,000 after buying an additional 6,200 shares during the period.

About Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.