Sprott Physical Silver Trust (NYSEARCA:PSLV) Hits New 52-Week High – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $31.33 and last traded at $31.1770, with a volume of 7126590 shares trading hands. The stock had previously closed at $29.39.

Sprott Physical Silver Trust Trading Up 5.0%

The company has a 50 day moving average price of $21.90 and a 200 day moving average price of $17.00.

Institutional Trading of Sprott Physical Silver Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Sprott Physical Silver Trust during the fourth quarter worth about $25,000. Highline Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust during the 3rd quarter worth approximately $25,000. Strategic Advocates LLC purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Franklin Resources Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $39,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter valued at approximately $32,000.

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.