Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Time to Sell?

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $27.85, but opened at $24.24. Sprott Physical Silver Trust shares last traded at $23.8140, with a volume of 9,512,263 shares changing hands.

Sprott Physical Silver Trust Trading Down 11.2%

The firm has a fifty day moving average price of $25.31 and a 200-day moving average price of $18.52.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of Sprott Physical Silver Trust by 23.2% during the 1st quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 12,810 shares in the last quarter. Pure Portfolios Holdings LLC lifted its holdings in shares of Sprott Physical Silver Trust by 26.2% in the second quarter. Pure Portfolios Holdings LLC now owns 14,479 shares of the exchange traded fund’s stock worth $177,000 after acquiring an additional 3,004 shares during the last quarter. Mainstay Capital Management LLC ADV grew its holdings in shares of Sprott Physical Silver Trust by 100.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 31,220 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 15,610 shares during the last quarter. Total Wealth Planning & Management Inc. grew its position in Sprott Physical Silver Trust by 4.7% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 22,460 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its holdings in Sprott Physical Silver Trust by 1.9% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 1,051,303 shares of the exchange traded fund’s stock worth $12,868,000 after purchasing an additional 20,106 shares in the last quarter.

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.