iShares Silver Trust $SLV Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 40.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,179 shares of the exchange traded fund’s stock after selling 12,879 shares during the period. Evercore Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SLV. Raymond James Financial Inc. boosted its position in shares of iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after buying an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the last quarter. Bank of Montreal Can increased its holdings in iShares Silver Trust by 505.8% during the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after acquiring an additional 1,852,688 shares in the last quarter. Tableaux LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at about $133,233,000. Finally, Mainstay Capital Management LLC ADV increased its holdings in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after acquiring an additional 824,589 shares in the last quarter.

iShares Silver Trust Trading Down 2.3%

Shares of SLV opened at $51.70 on Wednesday. iShares Silver Trust has a 12-month low of $33.10 and a 12-month high of $109.83. The stock has a market cap of $27.61 billion, a P/E ratio of -8.51 and a beta of 0.49. The company has a 50-day moving average of $58.51 and a two-hundred day moving average of $68.57.

Key Stories Impacting iShares Silver Trust

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

• Positive Sentiment: ETF inflows and continued central-bank purchases are providing underlying support for precious metals, potentially limiting further downside in silver and SLV ahead of the Federal Reserve’s policy decision. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Silver moved higher earlier in the week as falling oil prices eased inflation concerns and investors positioned for the Fed meeting. A dovish policy signal could revive demand for non-yielding assets such as silver. Gold, Silver Rise as Oil Slides on U.S.-Iran Pause
• Neutral Sentiment: Analysts expect the Fed decision and geopolitical tensions to determine the next major breakout for gold and silver, leaving SLV sensitive to rapidly changing macroeconomic expectations. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Commerzbank lowered its gold and silver price forecasts, citing persistent Middle East conflict and weak prospects for a recovery while the Iran war continues. The downgrade is a direct negative catalyst for SLV. Commerzbank Downgrades Gold and Silver Prices
• Negative Sentiment: Precious metals are losing ground as traders reassess the likelihood of a hawkish Federal Reserve. Higher interest rates or fewer expected cuts increase the opportunity cost of holding silver, weighing on SLV. Gold, Silver and Platinum Forecasts
• Negative Sentiment: Silver’s recent surge and subsequent sharp reversal underscore significant volatility. Commentary on leveraged silver ETFs also highlights compounding and volatility-decay risks, reinforcing concerns about unstable short-term silver exposure. Bullish on Silver? This 2X ETF Doubles Your Bet and Your Risk

About iShares Silver Trust

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.