Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw unusually-strong trading volume on Thursday . Approximately 1,619,837 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 3,894,841 shares.The stock last traded at $9.53 and had previously closed at $9.40.

Sprott Physical Silver Trust Stock Up 2.4 %

The stock has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $9.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PSLV. Sandy Cove Advisors LLC acquired a new position in Sprott Physical Silver Trust during the 2nd quarter worth approximately $99,000. NovaPoint Capital LLC acquired a new stake in shares of Sprott Physical Silver Trust in the second quarter worth $102,000. Avantax Advisory Services Inc. acquired a new position in Sprott Physical Silver Trust during the 1st quarter worth approximately $89,000. RPS Advisory Solutions LLC acquired a new position in shares of Sprott Physical Silver Trust in the 2nd quarter valued at approximately $113,000. Finally, Mather Group LLC. increased its holdings in shares of Sprott Physical Silver Trust by 864.6% in the 2nd quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock valued at $117,000 after acquiring an additional 10,600 shares during 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.