EverSource Wealth Advisors LLC Acquires 18,775 Shares of iShares Silver Trust $SLV

EverSource Wealth Advisors LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 29.5% during the first quarter, Holdings Channel reports. The firm owned 82,503 shares of the exchange traded fund’s stock after buying an additional 18,775 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $5,622,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TBH Global Asset Management LLC raised its holdings in shares of iShares Silver Trust by 1.5% in the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. boosted its stake in iShares Silver Trust by 23.4% in the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 130 shares in the last quarter. JNBA Financial Advisors boosted its stake in iShares Silver Trust by 1.2% in the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares in the last quarter. SouthState Bank Corp grew its position in iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 148 shares during the period. Finally, Swisher Financial Concepts Inc. grew its position in iShares Silver Trust by 0.8% in the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after acquiring an additional 148 shares during the period.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

• Positive Sentiment: ETF inflows and continued central-bank purchases are providing underlying support for precious metals, potentially limiting further downside in silver and SLV ahead of the Federal Reserve’s policy decision. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Silver moved higher earlier in the week as falling oil prices eased inflation concerns and investors positioned for the Fed meeting. A dovish policy signal could revive demand for non-yielding assets such as silver. Gold, Silver Rise as Oil Slides on U.S.-Iran Pause
• Neutral Sentiment: Analysts expect the Fed decision and geopolitical tensions to determine the next major breakout for gold and silver, leaving SLV sensitive to rapidly changing macroeconomic expectations. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Commerzbank lowered its gold and silver price forecasts, citing persistent Middle East conflict and weak prospects for a recovery while the Iran war continues. The downgrade is a direct negative catalyst for SLV. Commerzbank Downgrades Gold and Silver Prices
• Negative Sentiment: Precious metals are losing ground as traders reassess the likelihood of a hawkish Federal Reserve. Higher interest rates or fewer expected cuts increase the opportunity cost of holding silver, weighing on SLV. Gold, Silver and Platinum Forecasts
• Negative Sentiment: Silver’s recent surge and subsequent sharp reversal underscore significant volatility. Commentary on leveraged silver ETFs also highlights compounding and volatility-decay risks, reinforcing concerns about unstable short-term silver exposure. Bullish on Silver? This 2X ETF Doubles Your Bet and Your Risk

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $51.70 on Wednesday. The stock has a fifty day moving average price of $58.51 and a two-hundred day moving average price of $68.57. iShares Silver Trust has a 52-week low of $33.10 and a 52-week high of $109.83. The firm has a market capitalization of $27.61 billion, a P/E ratio of -8.51 and a beta of 0.49.

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.