Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Up – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped up prior to trading on Friday . The stock had previously closed at $31.30, but opened at $32.42. Sprott Physical Silver Trust shares last traded at $32.3620, with a volume of 3,500,792 shares.

Sprott Physical Silver Trust Trading Up 6.1%

The firm has a 50-day moving average price of $23.04 and a 200 day moving average price of $17.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PSLV. Commonwealth Equity Services LLC lifted its stake in Sprott Physical Silver Trust by 8.0% in the third quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock worth $8,062,000 after acquiring an additional 38,084 shares during the period. World Investment Advisors increased its position in Sprott Physical Silver Trust by 38.6% during the 3rd quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock valued at $12,112,000 after purchasing an additional 214,997 shares during the period. Accordant Advisory Group Inc raised its holdings in Sprott Physical Silver Trust by 3.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after purchasing an additional 18,410 shares in the last quarter. D.A. Davidson & CO. bought a new position in Sprott Physical Silver Trust in the 3rd quarter worth $795,000. Finally, Regency Capital Management Inc. DE lifted its position in shares of Sprott Physical Silver Trust by 3.1% in the 2nd quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock worth $2,557,000 after purchasing an additional 6,200 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.