Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Up – Time to Buy?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped up before the market opened on Monday . The stock had previously closed at $24.92, but opened at $26.17. Sprott Physical Silver Trust shares last traded at $27.0910, with a volume of 10,382,236 shares traded.

Sprott Physical Silver Trust Price Performance

The stock’s 50-day moving average price is $26.02 and its 200-day moving average price is $18.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PSLV. TKG Advisors LLC raised its position in shares of Sprott Physical Silver Trust by 3.0% in the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock valued at $292,000 after buying an additional 356 shares in the last quarter. Latitude Advisors LLC increased its stake in Sprott Physical Silver Trust by 1.5% during the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after acquiring an additional 500 shares during the period. Crane Advisory LLC increased its stake in Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 538 shares during the period. US Bancorp DE increased its stake in Sprott Physical Silver Trust by 3.3% during the 3rd quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after acquiring an additional 596 shares during the period. Finally, Mountain Capital Investment Advisors Inc. raised its holdings in Sprott Physical Silver Trust by 3.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock valued at $447,000 after acquiring an additional 622 shares in the last quarter.

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.