Positives for Sprott Physical Silver Trust (PSLV) as stock gains in recent trading

Sprott Physical Silver Trust (NYSE: PSLV) is -5.82% lower on its value in year-to-date trading and has touched a low of $6.85 and a high of $8.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSLV stock was last observed hovering at around $7.63 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $7.61, the stock is -0.56% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing -0.26% at the moment leaves the stock -4.81% off its SMA200. PSLV registered -0.26% loss for a year compared to 6-month loss of -2.69%. The firm has a 50-day simple moving average (SMA 50) of $1.84 and a 200-day simple moving average (SMA200) of -$7.68.

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The stock witnessed a -2.19% gain in the last 1 month and extending the period to 3 months gives it a -0.65%, and is -0.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.20% over the week and 1.55% over the month.

Distance from 52-week low is 11.09% and -15.35% from its 52-week high.

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Sprott Physical Silver Trust (PSLV) Top Institutional Holders

The shares outstanding are 486.90M, and float is at 486.90M with Short Float at 0.01%.

The top institutional shareholder in the company is Series Portfolios Tr-Palm Valley Capital Fd with over 0.82 million shares valued at $6.74 million. The investor’s holdings represent 0.17% of the PSLV Shares outstanding. As of Dec 30, 2022, the second largest holder is Timothy Plan-Defensive Strategies Fund with 0.58 million shares valued at $4.77 million to account for 0.12% of the shares outstanding.