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

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $19.44, but opened at $18.42. Sprott Physical Silver Trust shares last traded at $18.6290, with a volume of 6,240,671 shares trading hands.

Sprott Physical Silver Trust Price Performance

The firm’s 50 day simple moving average is $23.92 and its 200-day simple moving average is $25.16.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Hedge funds have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new position in Sprott Physical Silver Trust during the fourth quarter valued at approximately $27,000. Purpose Unlimited Inc. acquired a new position in Sprott Physical Silver Trust during the fourth quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new position in Sprott Physical Silver Trust in the fourth quarter valued at approximately $31,000. Finally, Private Trust Co. NA grew its stake in Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 1,166 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.