Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Price Up 5.7% – Still a Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price was up 5.7% during mid-day trading on Friday . The company traded as high as $30.78 and last traded at $30.8020. Approximately 6,276,350 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 26,653,504 shares. The stock had previously closed at $29.14.

Sprott Physical Silver Trust Stock Up 5.5%

The business’s fifty day moving average price is $27.40 and its 200 day moving average price is $20.00.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TKG Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 3.0% in the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock valued at $292,000 after acquiring an additional 356 shares during the last quarter. Sunbelt Securities Inc. raised its position in Sprott Physical Silver Trust by 2.0% in the fourth quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock valued at $509,000 after purchasing an additional 432 shares during the last quarter. Latitude Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 1.5% during the fourth quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock valued at $815,000 after purchasing an additional 500 shares in the last quarter. Crane Advisory LLC boosted its stake in shares of Sprott Physical Silver Trust by 5.2% during the fourth quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 538 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Sprott Physical Silver Trust by 2.3% during the fourth quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 550 shares during the last quarter.

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.