Sprott Physical Silver Trust (NYSEARCA:PSLV) Sets New 52-Week Low – Should You Sell?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) reached a new 52-week low on Friday. The company traded as low as $15.78 and last traded at $15.7650, with a volume of 3,203,634 shares trading hands. The stock had previously closed at $16.15.

Sprott Physical Silver Trust Stock Performance

The stock has a 50 day moving average of $19.13 and a 200-day moving average of $22.38.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several large investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new position in Sprott Physical Silver Trust in the 3rd quarter worth $738,000. Cornerstone Select Advisors LLC increased its stake in Sprott Physical Silver Trust by 1.9% in the 3rd quarter. Cornerstone Select Advisors LLC now owns 31,800 shares of the exchange traded fund’s stock worth $616,000 after buying an additional 600 shares in the last quarter. Private Advisor Group LLC raised its holdings in Sprott Physical Silver Trust by 9.0% during the third quarter. Private Advisor Group LLC now owns 388,528 shares of the exchange traded fund’s stock valued at $7,526,000 after acquiring an additional 32,166 shares during the period. Focus Advisor Solutions LLC raised its holdings in Sprott Physical Silver Trust by 7.5% during the third quarter. Focus Advisor Solutions LLC now owns 31,865 shares of the exchange traded fund’s stock valued at $617,000 after acquiring an additional 2,215 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Sprott Physical Silver Trust by 1,140.0% during the third quarter. Global Retirement Partners LLC now owns 3,100 shares of the exchange traded fund’s stock valued at $60,000 after acquiring an additional 2,850 shares during the period.

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.