Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw unusually-high trading volume on Thursday . Approximately 10,589,283 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 5,450,012 shares.The stock last traded at $9.83 and had previously closed at $9.65.

Sprott Physical Silver Trust Stock Up 0.2 %

The stock has a 50 day moving average price of $10.36 and a 200 day moving average price of $10.25.

Institutional Trading of Sprott Physical Silver Trust

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in Sprott Physical Silver Trust by 10.8% during the second quarter. Commonwealth Equity Services LLC now owns 858,043 shares of the exchange traded fund’s stock valued at $8,520,000 after purchasing an additional 83,816 shares in the last quarter. Larson Financial Group LLC boosted its position in Sprott Physical Silver Trust by 702.6% during the second quarter. Larson Financial Group LLC now owns 15,506 shares of the exchange traded fund’s stock valued at $154,000 after purchasing an additional 13,574 shares during the last quarter. Synergy Asset Management LLC grew its stake in Sprott Physical Silver Trust by 18.6% in the second quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 2,035 shares in the last quarter. Private Advisor Group LLC increased its position in Sprott Physical Silver Trust by 4.5% in the 2nd quarter. Private Advisor Group LLC now owns 298,487 shares of the exchange traded fund’s stock worth $2,964,000 after purchasing an additional 12,895 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Sprott Physical Silver Trust by 17.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,300 shares of the exchange traded fund’s stock worth $370,000 after purchasing an additional 5,557 shares in the last quarter.

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.