Market cap of Sprott Physical Silver Trust [PSLV] reaches 3.78B – now what?

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Sprott Physical Silver Trust [AMEX: PSLV] gained 0.26% or 0.02 points to close at $7.68 with a heavy trading volume of 2773895 shares. The company report on April 6, 2023 at 5:42 PM that Sprott Physical Silver Trust Updates Its “At-the-Market” Equity Program.

Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated October 21, 2020, as amended on April 6, 2023, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“CF&Co”), Virtu Americas LLC (“Virtu” and together with CF&Co, the “U.S. Agents”) and Virtu Canada Corp. (the “Canadian Agent” and together with the U.S. Agents, the “Agents”). The Sales Agreement is available on EDGAR at the website of the United States Securities and Exchange Commission (the “SEC”) at and the SEDAR website maintained by the Canadian Securities Administrators at

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The daily chart for PSLV points out that the company has recorded -7.91% loss over the past six months.

If we look at the average trading volume of 2.74M shares, PSLV reached to a volume of 2773895 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Trading performance analysis for PSLV stock

Sprott Physical Silver Trust [PSLV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.03. With this latest performance, PSLV shares gained by 1.99% in over the last four-week period, additionally sinking by -7.91% over the last 6 months – not to mention a rise of 5.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSLV stock in for the last two-week period is set at 47.19, with the RSI for the last a single of trading hit 44.81, and the three-weeks RSI is set at 47.63 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 7.74, while it was recorded at 7.76 for the last single week of trading, and 7.96 for the last 200 days.

An analysis of Institutional ownership at Sprott Physical Silver Trust [PSLV]

The top three institutional holders of PSLV stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PSLV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PSLV stock with ownership which is approximately 5.7994%.

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