Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Time to Sell?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $30.73, but opened at $29.39. Sprott Physical Silver Trust shares last traded at $30.0140, with a volume of 4,362,512 shares changing hands.

Sprott Physical Silver Trust Trading Down 2.9%

The firm has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $16.81.

Institutional Trading of Sprott Physical Silver Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSLV. Highline Wealth Partners LLC bought a new position in Sprott Physical Silver Trust in the third quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at $25,000. Strategic Advocates LLC bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth $29,000. Redwood Park Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $32,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $32,000.

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. 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.