Basso Capital Management L.P. raised its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 32.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,660 shares of the exchange traded fund’s stock after acquiring an additional 16,927 shares during the quarter. iShares Silver Trust makes up about 2.0% of Basso Capital Management L.P.’s investment portfolio, making the stock its 11th largest holding. Basso Capital Management L.P.’s holdings in iShares Silver Trust were worth $2,951,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Nexus Investment Management ULC raised its holdings in shares of iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the third quarter worth about $32,000. Hopwood Financial Services Inc. acquired a new position in iShares Silver Trust during the third quarter worth approximately $38,000. Addison Advisors LLC acquired a new position in iShares Silver Trust during the second quarter worth approximately $31,000. Finally, ORG Partners LLC raised its stake in iShares Silver Trust by 38.9% in the third quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 315 shares during the period.
iShares Silver Trust News Roundup
Here are the key news stories impacting iShares Silver Trust this week:
- Positive Sentiment: Large drop in short interest — short interest fell ~18.2% to 37,449,254 shares as of Feb. 27; short interest is ~6.8% of float and days‑to‑cover is only ~0.5 days (based on avg. volume of 68,804,852). That reduction in bearish bets removes one layer of selling pressure and can support price momentum.
- Positive Sentiment: BlackRock expects further gains for gold and silver, which supports ETF demand for SLV and other silver exposures. BlackRock sees further gains for both gold and silver
- Positive Sentiment: Weaker USDX and safe‑haven flows helped lift silver prices in the morning session — a direct fundamental tailwind for SLV. Gold, silver sharply up on safe-haven bids, weaker USDX
- Neutral Sentiment: Middle East tensions are supporting safe‑haven demand for XAU/XAG, but upcoming CPI/PCE prints are flagged as potential catalysts that could swing direction; mixed outlook. Gold (XAUUSD) & Silver Price Forecast: Middle East Tensions Lift XAU, XAG – CPI Risk Ahead?
- Neutral Sentiment: Conflicting regional flow notes: some intraday gains were given back as markets priced likely short, contained conflicts — this supports near‑term volatility rather than a clear trend. Gold and silver give back early Iran gains, but conflict impacts regional flows as markets bet on short war – Heraeus
- Negative Sentiment: Technical/chart warnings and oil‑driven risk appetite shifts: recent analysis notes silver may face headwinds and could correct from elevated levels after last year’s large gains. Charts Say Silver Faces More Headwinds. Here’s How Low It Can Go.
- Negative Sentiment: Macroeconomic pressure — surging oil, stagflation fears and occasional USD strength have pressured precious metals in short bursts, posing downside risk to SLV if risk appetite shifts. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulled Back As Oil Tested Multi-Year Highs
iShares Silver Trust Stock Up 2.3%
iShares Silver Trust Company 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.
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