Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – What’s Next?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.49, but opened at $21.95. Sprott Physical Silver Trust shares last traded at $22.64, with a volume of 13,745,778 shares traded.

Sprott Physical Silver Trust Price Performance

The business has a 50 day simple moving average of $28.24 and a 200-day simple moving average of $21.46.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several institutional investors have recently added to or reduced their stakes in PSLV. Highline Wealth Partners LLC purchased a new stake in Sprott Physical Silver Trust during the third quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at approximately $27,000. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $31,000.

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.