Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Here’s Why

Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped down before the market opened on Thursday . The stock had previously closed at $30.73, but opened at $29.39. Sprott Physical Silver Trust shares last traded at $30.0140, with a volume of 4,362,512 shares traded.

Sprott Physical Silver Trust Stock Performance

The firm has a 50 day moving average of $21.09 and a two-hundred day moving average of $16.60.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several large investors have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust during the third quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at about $25,000. Strategic Advocates LLC purchased a new position in Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Redwood Park Advisors LLC acquired a new position in Sprott Physical Silver Trust during the second quarter worth approximately $32,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Sprott Physical Silver Trust during the second quarter worth approximately $32,000.

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. 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.