Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Unusually-High Trading Volume – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw unusually-high trading volume on Wednesday . Approximately 19,673,496 shares traded hands during trading, an increase of 275% from the previous session’s volume of 5,253,106 shares.The stock last traded at $9.95 and had previously closed at $10.21.

Sprott Physical Silver Trust Stock Performance

The firm has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $10.27.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SMART Wealth LLC raised its holdings in shares of Sprott Physical Silver Trust by 13.6% during the third quarter. SMART Wealth LLC now owns 131,709 shares of the exchange traded fund’s stock valued at $1,376,000 after buying an additional 15,719 shares during the last quarter. Beaird Harris Wealth Management LLC raised its holdings in shares of Sprott Physical Silver Trust by 8.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 101,636 shares of the exchange traded fund’s stock valued at $1,062,000 after buying an additional 8,064 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Sprott Physical Silver Trust by 118.1% during the third quarter. Sanctuary Advisors LLC now owns 139,496 shares of the exchange traded fund’s stock valued at $1,465,000 after buying an additional 75,541 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Sprott Physical Silver Trust by 124.1% during the third quarter. MML Investors Services LLC now owns 130,529 shares of the exchange traded fund’s stock valued at $1,364,000 after buying an additional 72,285 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $293,000.

Sprott Physical Silver Trust Company Profile

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.