Sprott Physical Silver Trust [PSLV] is 2.79% higher this YTD. Is it still time to buy?

Sprott Physical Silver Trust [NYSE: PSLV] traded at a low on Wednesday, posting a -0.12 loss after which it closed the day’ session at $8.47. 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 www.sec.gov and the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com.

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The results of the trading session contributed to over 3465581 shares changing hands. Over the past one week, the price volatility of Sprott Physical Silver Trust stands at 1.26% while the volatility over the past one month is 1.55%.

The market cap for PSLV stock reached $4.14 billion, with 488.33 million shares outstanding and 488.33 million shares in the current float. Compared to the average trading volume of 2.84M shares, PSLV reached a trading volume of 3465581 in the most recent trading day, which is why market watchdogs consider the stock to be active.

How has PSLV stock performed recently?

Sprott Physical Silver Trust [PSLV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.83. With this latest performance, PSLV shares gained by 7.35% in over the last four-week period, additionally plugging by 4.05% over the last 6 months – not to mention a rise of 18.63% 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 70.71, with the RSI for the last a single of trading hit 76.50, and the three-weeks RSI is set at 65.96 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 7.78, while it was recorded at 8.31 for the last single week of trading, and 7.98 for the last 200 days.

Insider trade positions for 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%.