iShares Silver Trust $SLV Shares Sold by Cadence Wealth Management LLC

Cadence Wealth Management LLC trimmed its stake in iShares Silver Trust (NYSEARCA:SLV) by 21.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 566,345 shares of the exchange traded fund’s stock after selling 157,805 shares during the period. iShares Silver Trust comprises 12.6% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Cadence Wealth Management LLC owned approximately 0.11% of iShares Silver Trust worth $23,996,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. GLOBALT Investments LLC GA acquired a new stake in iShares Silver Trust in the 2nd quarter valued at approximately $29,459,000. Guggenheim Capital LLC boosted its position in shares of iShares Silver Trust by 1,557.6% during the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after buying an additional 859,355 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of iShares Silver Trust in the second quarter valued at $26,643,000. Yong Rong HK Asset Management Ltd grew its stake in shares of iShares Silver Trust by 299.6% in the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after buying an additional 599,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of iShares Silver Trust in the 2nd quarter valued at $17,597,000.

iShares Silver Trust Trading Up 2.9%

SLV opened at $69.72 on Friday. The stock’s 50-day moving average price is $72.78 and its 200 day moving average price is $52.34. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

Key Stories Impacting iShares Silver Trust

Here are the key news stories impacting iShares Silver Trust this week:

• Positive Sentiment: U.S. CPI provided supportive macro momentum for precious metals, helping lift gold and silver sentiment and underpin SLV after recent weakness. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Climbed Back Above $5000
• Positive Sentiment: Pre-CPI positioning and short-covering pushed prices higher ahead of the report, creating near-term buying that benefits SLV flows. Price gains for gold, silver ahead of U.S. CPI
• Positive Sentiment: A view that the recent “great silver selloff” is temporary may encourage dip-buying into SLV rather than long-term exits. That narrative supports short-term demand for the ETF. Wait and see, this great silver selloff is temporary | SLV
• Positive Sentiment: Physical-market signals: reported plunges in silver inventory and stronger physical demand complicate Western pricing and can support higher silver prices over time, a bullish fundamental for SLV. Silver inventory plunges as physical demand challenges western pricing benchmarks
• Neutral Sentiment: Asset managers (Franklin Templeton) see opportunity in mining stocks while bullion ETFs like SLV trade with volatility — this may shift some investor dollars toward miners rather than the metal ETF. As gold and silver struggle, Franklin Templeton sees value in mining stocks
• Neutral Sentiment: Commentary on extreme volatility (ties to 2008 record swings) highlights risk — relevant for position sizing but not a direct directional signal for SLV. Silver’s Wild Swings Tie A Record From 2008
• Neutral Sentiment: Articles promoting specific silver stocks or short-squeeze trades focus on miners and retail interest — these can affect market structure but are indirect for SLV flows. 3 silver stocks to buy now if you are betting on a short squeeze
• Negative Sentiment: Analysis from a former bullion bank executive argues the recent ~10.5% drop was structural liquidation rather than manipulation — implying continued risk of flow-driven dumps and pressure on SLV until those mechanics unwind. Silver’s 10.5% Drop Reflects Structural Liquidation, Not Manipulation, Says Former Bullion Bank Executive
• Negative Sentiment: Multiple reports document a rapid, large selloff in gold and silver with unclear drivers; that uncertainty and momentum selling exerted sharp downside pressure on SLV recently. Gold, silver sell off rapidly; reasons are unknown
• Negative Sentiment: Market reports noted a broad commodity sell-off that pushed gold below key levels and dragged silver down ~9% during the rout — a reminder that SLV is vulnerable to rapid risk-off moves. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives Below $5000 Amid Broad Sell-Off In Commodity Markets

About iShares Silver Trust

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.