Sprott Physical Silver Trust (NYSEARCA:PSLV) Reaches New 1-Year Low – What’s Next?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $15.78 and last traded at $15.7650, with a volume of 3,203,634 shares. The stock had previously closed at $16.15.

Sprott Physical Silver Trust Trading Down 2.3%

The stock has a fifty day moving average of $19.00 and a 200-day moving average of $22.29.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several institutional investors have recently bought and sold shares of PSLV. Principia Wealth Advisory LLC lifted its position in shares of Sprott Physical Silver Trust by 13.5% in the second quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 480 shares during the last quarter. Cornerstone Select Advisors LLC increased its holdings in shares of Sprott Physical Silver Trust by 1.9% during the 3rd quarter. Cornerstone Select Advisors LLC now owns 31,800 shares of the exchange traded fund’s stock valued at $616,000 after acquiring an additional 600 shares during the last quarter. Castleview Partners LLC increased its holdings in shares of Sprott Physical Silver Trust by 2.0% during the 3rd quarter. Castleview Partners LLC now owns 31,710 shares of the exchange traded fund’s stock valued at $614,000 after acquiring an additional 620 shares during the last quarter. Global Strategic Management Inc. increased its holdings in shares of Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Global Strategic Management Inc. now owns 75,700 shares of the exchange traded fund’s stock valued at $1,466,000 after acquiring an additional 700 shares during the last quarter. Finally, Corient Private Wealth LP increased its holdings in shares of Sprott Physical Silver Trust by 8.3% during the 2nd quarter. Corient Private Wealth LP now owns 10,601 shares of the exchange traded fund’s stock valued at $200,000 after acquiring an additional 811 shares during 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.