Chesley Taft & Associates LLC boosted its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 16.0% in the 4th quarter, HoldingsChannel reports. The fund owned 101,350 shares of the exchange traded fund’s stock after acquiring an additional 13,950 shares during the quarter. Chesley Taft & Associates LLC’s holdings in iShares Silver Trust were worth $6,529,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares during the period. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust in the first quarter valued at about $443,000. Schnieders Capital Management LLC. lifted its stake in shares of iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares during the period. Finally, Choreo LLC boosted its holdings in iShares Silver Trust by 13.4% during the second quarter. Choreo LLC now owns 33,903 shares of the exchange traded fund’s stock worth $1,112,000 after buying an additional 4,003 shares in the last quarter.
iShares Silver Trust Trading Up 4.4%
Shares of SLV opened at $63.44 on Friday. The firm’s 50-day moving average is $76.55 and its two-hundred day moving average is $60.34. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The firm has a market capitalization of $34.92 billion, a P/E ratio of -8.51 and a beta of 0.38.
Key iShares Silver Trust News
- Positive Sentiment: Sprott’s McIntyre says broad institutional buy-in for gold is still coming and silver should follow gold higher over time — a bullish structural narrative that supports longer-term ETF inflows into SLV. Gold’s big institutional buy-in still to come, silver will follow gold’s lead higher – Sprott’s McIntyre
- Positive Sentiment: Market commentators note modest corrective bounces in gold and silver amid recent weakness — technical buying and short-covering are supporting silver prices and ETF flows today. Modest price gains in gold, silver on corrective bounces
- Positive Sentiment: Technical analysts highlight rebounds from key support levels driven by a weaker dollar in recent sessions — this technical recovery can fuel short-term inflows into SLV. Gold and Silver Technical Analysis: Can XAUUSD Sustain Rebound From Key Support Levels?
- Neutral Sentiment: Broader ETF and equity futures weakness has been reported amid Middle East tensions, creating mixed flow patterns — equities falling can sometimes push safe-haven demand but the net impact on silver/SLV has been uneven. Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Amid Ongoing Middle East Tensions
- Negative Sentiment: Several analysts point to a firmer US dollar and rising bond yields as key drivers of recent gold and silver sell-offs — these macro forces tend to pressure SLV by reducing safe-haven and inflation-hedge demand. Solid losses for gold, silver on firmer USDX, rising bond yields
- Negative Sentiment: Commodity-focused coverage notes a sharp intraday drop as oil markets rallied and the dollar surged previously, triggering declines in precious metals and pressuring silver ETF levels. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 2.5 As Oil Markets Rally
- Negative Sentiment: Coverage highlights a fading safe-haven bid amid shifting Middle East ceasefire prospects and Fed rate expectations, which has weighed on precious metals and can reduce appetite for SLV. Gold, Silver Tumble Again. One Thing Is Wreaking Havoc on Precious Metals.
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.
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