Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw strong trading volume on Tuesday . 15,369,521 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 11,870,891 shares.The stock last traded at $11.44 and had previously closed at $11.28.

Sprott Physical Silver Trust Stock Up 1.6 %

The firm’s 50 day simple moving average is $10.83 and its 200-day simple moving average is $10.57.

Institutional Trading of Sprott Physical Silver Trust

A number of large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake 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 fourth quarter worth about $58,000. US Bancorp DE grew its holdings in shares of Sprott Physical Silver Trust by 21.6% during the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 1,250 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $80,000. Finally, Rehmann Capital Advisory Group acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $100,000.

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.