Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.44, but opened at $22.75. Sprott Physical Silver Trust shares last traded at $23.13, with a volume of 1,619,559 shares trading hands.

Sprott Physical Silver Trust Stock Down 4.4%

The business has a fifty day moving average of $27.02 and a 200-day moving average of $22.09.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several hedge funds have recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in Sprott Physical Silver Trust during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in Sprott Physical Silver Trust during the 4th quarter worth about $27,000. Purpose Unlimited Inc. purchased a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $28,000. Finally, Strategic Advocates LLC purchased a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $29,000.

Sprott Physical Silver Trust Company Profile

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.