Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Up – What’s Next?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped up prior to trading on Tuesday . The stock had previously closed at $25.80, but opened at $27.93. Sprott Physical Silver Trust shares last traded at $28.4190, with a volume of 4,545,184 shares trading hands.

Sprott Physical Silver Trust Stock Up 5.3%

The firm has a fifty day moving average of $24.91 and a two-hundred day moving average of $18.36.

Institutional Trading of Sprott Physical Silver Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. TKG Advisors LLC lifted its position in shares of Sprott Physical Silver Trust by 3.0% during the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 356 shares in the last quarter. Latitude Advisors LLC grew its stake in 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 acquiring an additional 500 shares in the last quarter. Crane Advisory LLC increased its holdings in Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 538 shares during the period. US Bancorp DE lifted its stake in Sprott Physical Silver Trust by 3.3% in the 3rd quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 596 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc. lifted its stake in Sprott Physical Silver Trust by 3.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 622 shares in 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.