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

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped down prior to trading on Friday . The stock had previously closed at $36.29, but opened at $30.68. Sprott Physical Silver Trust shares last traded at $31.3590, with a volume of 6,880,544 shares trading hands.

Sprott Physical Silver Trust Stock Performance

The stock’s fifty day moving average price is $24.74 and its two-hundred day moving average price is $18.23.

Institutional Investors Weigh In On Sprott Physical Silver Trust

A number of large investors have recently made changes to their positions in PSLV. Laurel Wealth Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $31,000. Delta Investment Management LLC bought a new stake in Sprott Physical Silver Trust in the fourth quarter valued at $247,000. Levin Capital Strategies L.P. purchased a new position in Sprott Physical Silver Trust during the 4th quarter valued at $518,000. New Harbor Financial Group LLC raised its holdings in Sprott Physical Silver Trust by 30.9% in the 4th quarter. New Harbor Financial Group LLC now owns 261,823 shares of the exchange traded fund’s stock worth $6,192,000 after purchasing an additional 61,801 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of Sprott Physical Silver Trust by 44.0% in the 4th quarter. Simplicity Wealth LLC now owns 48,869 shares of the exchange traded fund’s stock worth $1,156,000 after purchasing an additional 14,930 shares during the period.

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.