Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Should You Buy?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw an uptick in trading volume on Tuesday . 11,899,143 shares were traded during trading, an increase of 14% from the previous session’s volume of 10,423,067 shares.The stock last traded at $11.08 and had previously closed at $10.86.

Sprott Physical Silver Trust Trading Up 2.1 %

The stock has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $10.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter valued at $58,000. US Bancorp DE raised its stake in Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Sprott Physical Silver Trust in the 4th quarter valued at $80,000. Finally, Rehmann Capital Advisory Group acquired a new position in Sprott Physical Silver Trust during the 4th quarter worth approximately $100,000.

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.