Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Still a Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw unusually-high trading volume on Thursday . Approximately 10,589,283 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 5,450,012 shares.The stock last traded at $9.83 and had previously closed at $9.65.

Sprott Physical Silver Trust Trading Up 1.7 %

The business has a 50-day moving average price of $10.42 and a two-hundred day moving average price of $10.25.

Institutional Trading of Sprott Physical Silver Trust

Several large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust during the third quarter worth $32,000. Eastern Bank bought a new stake in Sprott Physical Silver Trust during the 3rd quarter worth approximately $45,000. ORG Wealth Partners LLC bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth $70,000. Hara Capital LLC bought a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter valued at about $86,000. Finally, Pure Portfolios Holdings LLC acquired a new position in shares of Sprott Physical Silver Trust in the third quarter worth approximately $116,000.

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.