Evercore Wealth Management LLC Reduces Position in iShares Silver Trust $SLV

Evercore Wealth Management LLC trimmed its stake in iShares Silver Trust (NYSEARCA:SLV) by 40.2% in the first quarter, HoldingsChannel.com reports. The fund owned 19,179 shares of the exchange traded fund’s stock after selling 12,879 shares during the quarter. Evercore Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the fourth quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust during the 4th quarter worth about $32,000. Redwood Park Advisors LLC raised its stake in iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Sfam LLC acquired a new position in iShares Silver Trust in the 4th quarter valued at about $33,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in iShares Silver Trust in the 4th quarter valued at about $34,000.

iShares Silver Trust Trading Down 2.3%

NYSEARCA:SLV opened at $51.70 on Wednesday. iShares Silver Trust has a 12-month low of $33.10 and a 12-month high of $109.83. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The company’s 50-day moving average is $58.51 and its two-hundred day moving average is $68.57.

More iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

• Positive Sentiment: ETF inflows and continued central-bank purchases are providing underlying support for precious metals, potentially limiting further downside in silver and SLV ahead of the Federal Reserve’s policy decision. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Silver moved higher earlier in the week as falling oil prices eased inflation concerns and investors positioned for the Fed meeting. A dovish policy signal could revive demand for non-yielding assets such as silver. Gold, Silver Rise as Oil Slides on U.S.-Iran Pause
• Neutral Sentiment: Analysts expect the Fed decision and geopolitical tensions to determine the next major breakout for gold and silver, leaving SLV sensitive to rapidly changing macroeconomic expectations. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Commerzbank lowered its gold and silver price forecasts, citing persistent Middle East conflict and weak prospects for a recovery while the Iran war continues. The downgrade is a direct negative catalyst for SLV. Commerzbank Downgrades Gold and Silver Prices
• Negative Sentiment: Precious metals are losing ground as traders reassess the likelihood of a hawkish Federal Reserve. Higher interest rates or fewer expected cuts increase the opportunity cost of holding silver, weighing on SLV. Gold, Silver and Platinum Forecasts
• Negative Sentiment: Silver’s recent surge and subsequent sharp reversal underscore significant volatility. Commentary on leveraged silver ETFs also highlights compounding and volatility-decay risks, reinforcing concerns about unstable short-term silver exposure. Bullish on Silver? This 2X ETF Doubles Your Bet and Your Risk

iShares Silver Trust Company Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.