Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Price Down 3.9% – Should You Sell?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares fell 3.9% during trading on Wednesday . The stock traded as low as $23.98 and last traded at $24.2370. 8,384,064 shares were traded during mid-day trading, a decline of 73% from the average session volume of 30,525,498 shares. The stock had previously closed at $25.22.

Sprott Physical Silver Trust Stock Down 5.7%

The business has a 50 day moving average price of $18.80 and a two-hundred day moving average price of $15.55.

Institutional Trading of Sprott Physical Silver Trust

A number of institutional investors have recently made changes to their positions in PSLV. Highline Wealth Partners LLC purchased a new position in shares of Sprott Physical Silver Trust in the third quarter valued at about $25,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth about $29,000. Franklin Resources Inc. purchased a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $39,000. Redwood Park Advisors LLC purchased a new position in Sprott Physical Silver Trust during the 2nd quarter valued at about $32,000. Finally, Atlantic Union Bankshares Corp bought a new position in Sprott Physical Silver Trust during the 2nd quarter valued at approximately $32,000.

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.