Pines Wealth Management LLC Purchases New Position in iShares Silver Trust $SLV

Pines Wealth Management LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,750 shares of the exchange traded fund’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GLOBALT Investments LLC GA purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth approximately $29,459,000. Guggenheim Capital LLC lifted its position in iShares Silver Trust by 1,557.6% in the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after buying an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in iShares Silver Trust in the second quarter worth $26,643,000. Yong Rong HK Asset Management Ltd boosted its stake in iShares Silver Trust by 299.6% during the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after buying an additional 599,800 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in iShares Silver Trust during the second quarter worth $17,597,000.

More iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

• Positive Sentiment: SLV is trading just shy of its all?time high as spot silver moves above $110/oz, supporting ETF demand and price momentum. SLV ETF Near All-Time High As Silver Explodes Past $110
• Positive Sentiment: Commentary argues the metals rally reflects weakening confidence in fiat currencies, which would sustain safe?haven flows into silver and SLV. Gold’s, silver’s record run signals a crisis of confidence in fiat currencies
• Positive Sentiment: Data shows U.S. retail traders are buying silver ETFs faster than many tech favourites, driving large inflows and higher trading volumes in SLV. US retail traders buy silver ETFs faster than tech favorites, Vanda Research says
• Positive Sentiment: An institutional manager (Adamsbrown Wealth Consultants) disclosed a new purchase of SLV shares, signaling some institutional participation alongside retail flows. Adamsbrown Wealth Consultants LLC Makes New $235,000 Investment in iShares Silver Trust $SLV
• Neutral Sentiment: Coverage highlights intense retail interest and day?trader activity in SLV—this can sustain near?term flows but also introduce speculative volatility. Silver is retail traders’ new obsession as record numbers bet on rally — and on a crash
• Neutral Sentiment: Advisory pieces outline risk?management strategies for investors in a fast?moving silver market, useful for positioning but not a directional catalyst. Can Silver Go Higher Still? How to Play It Safer.
• Negative Sentiment: Saxo Bank cautions that silver looks like a bubble, warning of a potential sharp pullback if momentum reverses. Gold remains well supported at $5,000, but silver is a bubble – Saxo Bank’s Hansen
• Negative Sentiment: HSBC and other outlets flag that after the massive rally it may be time to take profits—suggesting short?term downside risk from profit?taking. After silver’s massive price rally, it may be time to take profits while momentum lasts – HSBC
• Negative Sentiment: Analysis notes rising volatility and liquidity concerns after record highs—heightened swings could push SLV lower in a fast unwind. Silver Falls From Record High. Why Volatility Is a Concern.

iShares Silver Trust Trading Up 3.9%

Shares of SLV opened at $105.60 on Thursday. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $106.70. The company has a market cap of $60.54 billion, a P/E ratio of -8.51 and a beta of 0.38. The company’s fifty day simple moving average is $66.50 and its 200-day simple moving average is $49.03.

iShares Silver Trust Company Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.