Guidance Capital Inc. cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 83.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,745 shares of the exchange traded fund’s stock after selling 140,398 shares during the quarter. Guidance Capital Inc.’s holdings in iShares Silver Trust were worth $1,787,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nexus Investment Management ULC lifted its holdings in shares of iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust during the third quarter valued at $32,000. Rialto Wealth Management LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $33,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust during the third quarter valued at $38,000. Finally, Bangor Savings Bank bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $38,000.
iShares Silver Trust Stock Performance
Shares of NYSEARCA:SLV opened at $72.04 on Wednesday. iShares Silver Trust has a twelve month low of $29.04 and a twelve month high of $109.83. The firm has a market cap of $40.77 billion, a PE ratio of -8.51 and a beta of 0.52. The business has a fifty day moving average of $71.40 and a 200-day moving average of $62.88.
Trending Headlines about iShares Silver Trust
- Positive Sentiment: Analyst view that the market is entering a structural inflationary regime could establish a higher long‑term floor for silver, supporting sustained ETF flows and price support. Permanent inflation reshaping markets as silver enters new price regime, Skousen says
- Positive Sentiment: Amplify ETFs commentary that silver has built a strong base around ~$70 highlights technical support and positions SLV to benefit if inflation or safe‑haven flows pick up. Silver builds strong base around $70, upside depends on inflation—Amplify ETFs
- Positive Sentiment: Precious metals rallied as traders priced in de‑escalation in the Middle East and a pullback in the U.S. dollar—both supportive for silver and ETF demand. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet On De-Escalation In The Middle East
- Neutral Sentiment: Market notes of price gains tied to a weaker USDX explain short‑term upside but leave scope for reversal if the dollar rebounds. Price gains for gold, silver amid weaker USDX
- Neutral Sentiment: Technical forecasts for gold (and by extension silver) argue a clean breakout could accelerate gains, but these are contingent on a sustained move above key resistance levels; outcomes remain uncertain. Gold (XAUUSD) & Silver Price Forecast: Gold Eyes $4,800 Reclaim – Is a $4,860 Rally Next?
- Negative Sentiment: Reports that gold and silver have sold off on renewed inflation worries highlight a key downside risk—if inflation and rates expectations shift unfavorably, SLV could give back gains. Gold, silver sell off on inflation worries
- Negative Sentiment: Industry notes that bearish technical signals could keep the metals’ bull market on hold for months, implying periods of consolidation or downside risk for SLV if momentum fades. Gold and silver send bearish signals that the bull market may be on hold for months to come – Heraeus
iShares Silver Trust Profile
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.
See Also
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