Harbour Investments Inc. Boosts Stake in abrdn Physical Silver Shares ETF $SIVR

Harbour Investments Inc. raised its position in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 126.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,834 shares of the company’s stock after acquiring an additional 16,655 shares during the period. Harbour Investments Inc.’s holdings in abrdn Physical Silver Shares ETF were worth $2,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in abrdn Physical Silver Shares ETF by 243.1% during the third quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock valued at $265,386,000 after acquiring an additional 4,227,392 shares during the period. Bank of America Corp DE grew its position in abrdn Physical Silver Shares ETF by 55.1% during the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock valued at $72,374,000 after acquiring an additional 578,217 shares during the period. Tradewinds Capital Management LLC grew its position in abrdn Physical Silver Shares ETF by 65,521.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock valued at $47,094,000 after acquiring an additional 695,185 shares during the period. AMG National Trust Bank grew its position in abrdn Physical Silver Shares ETF by 6.5% during the third quarter. AMG National Trust Bank now owns 627,337 shares of the company’s stock valued at $27,904,000 after acquiring an additional 38,475 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in abrdn Physical Silver Shares ETF by 33.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 600,000 shares of the company’s stock valued at $26,469,000 after acquiring an additional 150,000 shares during the period.

Key Stories Impacting abrdn Physical Silver Shares ETF

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

• Positive Sentiment: Silver gained after traders scaled back expectations for a hawkish Federal Reserve, which can support precious metals by lowering the appeal of cash and bonds. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Traders Bet On Iran Deal
• Positive Sentiment: Some analysts remain constructive on silver’s longer-term upside, with one Bank of America note saying silver could reach $100 an ounce this year, though it warned momentum may not last. Silver can reach $100 an ounce this year, but the momentum won’t last – Bank of America
• Neutral Sentiment: Silver Lake-backed Entrata filed for a U.S. IPO, but the news is unrelated to silver prices and is unlikely to affect SIVR. Silver Lake-backed property management software firm Entrata files for US IPO
• Neutral Sentiment: Market commentary also noted that silver’s recent surge has started to trigger demand destruction in industrial uses, which could cap further gains if prices stay elevated. Silver could fall further after latest slump, analysts say as they warn of demand destruction
• Negative Sentiment: Several reports said silver remains technically under pressure near recent levels, with analysts warning that demand destruction and a stronger industrial sensitivity could weigh on prices. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds in Week 8 – Gold Breaks $4,500, Silver Drops to $73.42?

abrdn Physical Silver Shares ETF Price Performance

SIVR stock opened at $71.83 on Friday. The stock has a 50-day moving average price of $72.05 and a two-hundred day moving average price of $71.79. abrdn Physical Silver Shares ETF has a 12-month low of $31.24 and a 12-month high of $115.26.

abrdn Physical Silver Shares ETF Company Profile

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust. The sponsor of the Trust is ETF Securities USA LLC.