Sprott Physical Silver Trust (NYSEARCA:PSLV) Sets New 1-Year High – What’s Next?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) reached a new 52-week high on Wednesday . The stock traded as high as $21.90 and last traded at $21.7570, with a volume of 3862252 shares trading hands. The stock had previously closed at $21.09.

Sprott Physical Silver Trust Price Performance

The stock’s 50-day moving average price is $17.70 and its 200-day moving average price is $14.83.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Accordant Advisory Group Inc grew its position in Sprott Physical Silver Trust by 3.6% in the second quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after buying an additional 18,410 shares during the last quarter. Regency Capital Management Inc. DE grew its holdings in shares of Sprott Physical Silver Trust by 3.1% in the 2nd quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock worth $2,557,000 after acquiring an additional 6,200 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of Sprott Physical Silver Trust by 3.0% in the 1st quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock worth $400,000 after acquiring an additional 1,000 shares during the last quarter. Sharp Financial Services LLC acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $147,000. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Sprott Physical Silver Trust by 0.3% during the second quarter. Bleakley Financial Group LLC now owns 299,258 shares of the exchange traded fund’s stock valued at $3,663,000 after purchasing an additional 910 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. 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.