abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – What’s Next?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $77.39, but opened at $73.27. abrdn Physical Silver Shares ETF shares last traded at $73.3610, with a volume of 1,381,353 shares trading hands.

Key Stories Impacting abrdn Physical Silver Shares ETF

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Down 3.4%

The business’s fifty day moving average price is $56.52 and its 200 day moving average price is $45.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIVR. Wilmington Savings Fund Society FSB increased its holdings in abrdn Physical Silver Shares ETF by 245.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of abrdn Physical Silver Shares ETF in the second quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its holdings in abrdn Physical Silver Shares ETF by 48.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after buying an additional 386 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter worth approximately $48,000. Finally, Trust Co. of Vermont bought a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter worth approximately $56,000.

About abrdn Physical Silver Shares ETF

(Get Free Report)

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust. The sponsor of the Trust is ETF Securities USA LLC.

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