Sprott Physical Silver Trust (NYSEARCA:PSLV) Trading 3.8% Higher – Here’s What Happened

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) shot up 3.8% on Tuesday . The company traded as high as $25.45 and last traded at $25.1890. 6,781,156 shares were traded during mid-day trading, a decline of 78% from the average session volume of 30,574,117 shares. The stock had previously closed at $24.27.

Sprott Physical Silver Trust Trading Up 4.3%

The company has a 50-day moving average of $18.61 and a 200-day moving average of $15.45.

Institutional Trading of Sprott Physical Silver Trust

Several institutional investors have recently made changes to their positions in PSLV. Highline Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the third quarter valued at about $25,000. Strategic Advocates LLC purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at about $29,000. Redwood Park Advisors LLC purchased a new stake in Sprott Physical Silver Trust in the 2nd quarter valued at about $32,000. Atlantic Union Bankshares Corp bought a new position in shares of Sprott Physical Silver Trust during the 2nd quarter worth approximately $32,000. Finally, Franklin Resources Inc. purchased a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $39,000.

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. 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.