Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Tuesday . Approximately 15,369,521 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 11,870,891 shares.The stock last traded at $11.44 and had previously closed at $11.28.

Sprott Physical Silver Trust Trading Up 2.1 %

The company’s 50 day moving average price is $10.88 and its 200 day moving average price is $10.59.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in Sprott Physical Silver Trust in the fourth quarter valued at $58,000. US Bancorp DE grew its position in Sprott Physical Silver Trust by 21.6% during the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 1,250 shares during the period. FNY Investment Advisers LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter valued at $80,000. Rehmann Capital Advisory Group acquired a new position in shares of Sprott Physical Silver Trust in the fourth quarter worth about $100,000. Finally, Guild Investment Management Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth about $101,000.

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.