Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Price Up 5.7% – Still a Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) traded up 5.7% during mid-day trading on Friday . The company traded as high as $30.78 and last traded at $30.8020. 6,276,350 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 26,653,504 shares. The stock had previously closed at $29.14.

Sprott Physical Silver Trust Trading Up 5.5%

The stock’s fifty day simple moving average is $27.40 and its two-hundred day simple moving average is $20.00.

Institutional Trading of Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PSLV. Highline Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust in the fourth quarter worth approximately $27,000. Strategic Advocates LLC bought a new stake in Sprott Physical Silver Trust in the third quarter valued at approximately $29,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust in the fourth quarter valued at approximately $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.