Sprott Physical Silver Trust (NYSEARCA:PSLV) Trading 6.6% Higher – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price rose 6.6% during mid-day trading on Friday . The stock traded as high as $22.82 and last traded at $22.9980. Approximately 4,076,922 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 22,859,682 shares. The stock had previously closed at $21.58.

Sprott Physical Silver Trust Stock Up 4.9%

The business’s fifty day moving average is $27.41 and its 200-day moving average is $21.89.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Large investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. acquired a new position in Sprott Physical Silver Trust during the 4th quarter worth about $511,000. Purpose Unlimited Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $2,382,000. Corient Private Wealth LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth about $235,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth about $143,000.

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.