Wealth Enhancement Advisory Services LLC cut its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 10.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 216,821 shares of the exchange traded fund’s stock after selling 25,752 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in iShares Silver Trust were worth $13,968,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC raised its position in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter valued at $443,000. Schnieders Capital Management LLC. grew its position in shares of iShares Silver Trust by 15.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 1,300 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in iShares Silver Trust during the 2nd quarter worth $1,965,000.
iShares Silver Trust Price Performance
NYSEARCA SLV opened at $60.77 on Friday. The company has a fifty day moving average of $76.90 and a two-hundred day moving average of $60.00. The company has a market capitalization of $33.45 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83.
iShares Silver Trust News Summary
- Neutral Sentiment: Metals had rallied on March 25 as short‑term hopes of a ceasefire lifted gold and silver — that context helps explain yesterday’s rebound before today’s reversal. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains 2% Despite Strong Dollar
- Negative Sentiment: Major market reports show silver fell sharply as oil and other markets rallied, with silver down more than 4% in the session — a direct headwind for SLV. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 2.5% As Oil Markets Rally
- Negative Sentiment: Kitco and other commodity reporters attribute today’s losses to a stronger U.S. Dollar Index (USDX) and rising bond yields — both reduce demand for non‑yielding metals like silver. Solid losses for gold, silver on firmer USDX, rising bond yields
- Negative Sentiment: Barron’s notes fading hopes for an end to fighting in Iran reduced safe‑haven flows into gold and silver — less geopolitical risk support tends to pressure SLV. Gold, Silver Tumble Again. One Thing Is Wreaking Havoc on Precious Metals.
- Negative Sentiment: Commentary highlights that Iran tensions are lifting the dollar and reviving concerns about Fed hikes, creating a double squeeze on silver (diminished safe‑haven demand + higher real rates). Gold (XAUUSD) & Silver Price Forecast: XAU Plummets $1,000 – Can Iran Tensions Spark a Rally?
- Negative Sentiment: Analysts point to structural selling from retail positioning and momentum unwind as an additional pressure factor — retail crowding can amplify moves lower in SLV. Precious metals price declines stem from retail pile-in, safe haven and debasement trades remain intact – Brookings’ Brooks
About iShares Silver Trust
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.
Featured Stories
Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.
