Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Price Passes Above Two Hundred Day Moving Average of $8.16

Sprott Physical Silver Trust (NYSEARCA:PSLV) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.16 and traded as high as $9.30. Sprott Physical Silver Trust shares last traded at $9.25, with a volume of 4,054,371 shares.

Sprott Physical Silver Trust Stock Up 3.4 %

The firm has a fifty day simple moving average of $8.69 and a two-hundred day simple moving average of $8.16.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter worth about $8,923,000. Accordant Advisory Group Inc acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter worth about $3,700,000. Simplicity Wealth LLC acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter worth about $2,470,000. StoneX Group Inc. lifted its holdings in shares of Sprott Physical Silver Trust by 685.4% during the first quarter. StoneX Group Inc. now owns 203,034 shares of the exchange traded fund’s stock worth $1,683,000 after purchasing an additional 177,184 shares during the period. Finally, Kovack Advisors Inc. acquired a new position in Sprott Physical Silver Trust in the first quarter valued at approximately $729,000.

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.