Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Monday . Approximately 14,865,280 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 11,131,962 shares.The stock last traded at $11.55 and had previously closed at $11.53.

Sprott Physical Silver Trust Stock Up 0.7 %

The business has a 50 day moving average of $10.65 and a two-hundred day moving average of $10.49.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PSLV. First Horizon Advisors Inc. bought a new position in Sprott Physical Silver Trust during the 3rd quarter worth $32,000. Millstone Evans Group LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth $58,000. US Bancorp DE grew its holdings in shares of Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth $80,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth $100,000.

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.