Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Time to Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Wednesday . Approximately 14,200,176 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 9,688,699 shares.The stock last traded at $11.04 and had previously closed at $10.76.

Sprott Physical Silver Trust Stock Performance

The stock’s 50 day moving average price is $10.43 and its 200-day moving average price is $10.43.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new position in Sprott Physical Silver Trust in the third quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $58,000. US Bancorp DE raised its stake in shares of Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Sprott Physical Silver Trust during the fourth quarter valued at approximately $80,000. Finally, Hara Capital LLC acquired a new stake in Sprott Physical Silver Trust in the third quarter valued at approximately $86,000.

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.