Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw strong trading volume on Monday . 14,865,280 shares were traded during trading, an increase of 34% from the previous session’s volume of 11,131,962 shares.The stock last traded at $11.55 and had previously closed at $11.53.

Sprott Physical Silver Trust Stock Performance

The company’s 50-day moving average is $10.72 and its 200-day moving average is $10.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $32,000. Millstone Evans Group LLC acquired a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $58,000. US Bancorp DE lifted its position in Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 1,250 shares during the period. FNY Investment Advisers LLC acquired a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $80,000. Finally, Rehmann Capital Advisory Group acquired a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $100,000.

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.