Moneco Advisors LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 104.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,322 shares of the exchange traded fund’s stock after acquiring an additional 36,882 shares during the quarter. Moneco Advisors LLC’s holdings in iShares Silver Trust were worth $4,659,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 425 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $38,000. Finally, Bangor Savings Bank acquired a new stake in iShares Silver Trust in the fourth quarter valued at approximately $38,000.
More iShares Silver Trust News
Here are the key news stories impacting iShares Silver Trust this week:
- Positive Sentiment: Silver extended its breakout to fresh highs near the $90 area, with traders citing strong technical momentum and talk that the rally could still have room to run. Silver price sees solid momentum and $90 could be just the start
- Positive Sentiment: Reports highlighted silver testing new highs after a sharp move higher, with some analysts pointing to a potential breakout toward even more ambitious levels. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests New Highs As Rally Continues
- Positive Sentiment: Kitco and other commentary said silver’s push above $80 reflects a broader structural shift, with industrial demand and tighter supply conditions supporting the metal’s long-term outlook. Silver’s push above $80 reflects structural shift in the global economy
- Positive Sentiment: India’s higher import tariffs on gold and silver were seen as a factor that could alter trade flows and potentially tighten demand dynamics in the precious-metals market. India’s 15% import tariffs on gold and silver will impact precious metals demand, prices, currency – Experts
- Neutral Sentiment: Some intraday reports noted silver briefly weakening or slipping alongside hotter U.S. inflation data, stronger yields, and a firmer dollar, which can pressure precious metals in the short term. Gold and silver slip after hot PPI boosts yields – Kitco AM Report
- Negative Sentiment: Hot CPI/PPI readings and rising Treasury yields remain a headwind for silver, since they can reduce expectations for near-term Fed easing and weigh on non-yielding assets. Gold (XAUUSD) & Silver Price Forecast: Truce Steady, CPI Hotter — Can Gold Defend $4,702 While Silver Eyes $87?
iShares Silver Trust Stock Up 1.0%
iShares Silver Trust Profile
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.
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