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

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $26.97, but opened at $24.86. Sprott Physical Silver Trust shares last traded at $24.6790, with a volume of 3,847,199 shares trading hands.

Sprott Physical Silver Trust Trading Down 8.9%

The business’s fifty day simple moving average is $25.04 and its two-hundred day simple moving average is $24.01.

Institutional Trading of Sprott Physical Silver Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new stake in Sprott Physical Silver Trust during the fourth quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at $27,000. Purpose Unlimited Inc. acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at $28,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at $29,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at $31,000.

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. 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.