Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Should You Sell?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $23.35, but opened at $22.23. Sprott Physical Silver Trust shares last traded at $22.4790, with a volume of 2,414,138 shares.

Sprott Physical Silver Trust Stock Performance

The firm has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $21.78.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently added to or reduced their stakes in PSLV. Highline Wealth Partners LLC acquired a new position in shares of Sprott Physical Silver Trust in the third quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth $27,000. Purpose Unlimited Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $28,000. Finally, Strategic Advocates LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $29,000.

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.