iShares Silver Trust (NYSEARCA:SLV) Shares Gap Up – Should You Buy?

iShares Silver Trust (NYSEARCA:SLVGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $67.73, but opened at $71.21. iShares Silver Trust shares last traded at $70.7180, with a volume of 18,225,837 shares traded.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Performance

The firm has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $52.09. The company has a market capitalization of $38.90 billion, a PE ratio of -8.51 and a beta of 0.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management bought a new stake in iShares Silver Trust in the fourth quarter valued at about $32,000. Sfam LLC acquired a new stake in iShares Silver Trust during the fourth quarter valued at approximately $33,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust during the fourth quarter valued at approximately $33,000. Finally, BOK Financial Private Wealth Inc. bought a new position in iShares Silver Trust during the 4th quarter worth approximately $34,000.

About iShares Silver Trust

(Get Free Report)

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

Further Reading

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