Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw an uptick in trading volume on Monday . 25,006,276 shares traded hands during trading, an increase of 33% from the previous session’s volume of 18,815,383 shares.The stock last traded at $11.46 and had previously closed at $11.13.

Sprott Physical Silver Trust Stock Performance

The business has a fifty day moving average price of $10.97 and a 200 day moving average price of $10.70.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. McAdam LLC bought a new stake in shares of Sprott Physical Silver Trust during the first quarter valued at approximately $241,000. Fortis Capital Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $751,000. Belpointe Asset Management LLC grew its holdings in shares of Sprott Physical Silver Trust by 853.1% during the first quarter. Belpointe Asset Management LLC now owns 393,188 shares of the exchange traded fund’s stock worth $4,561,000 after purchasing an additional 351,934 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $190,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Sprott Physical Silver Trust by 23.2% during the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 12,810 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.