Sprott Physical Silver Trust [NYSE: PSLV] stock went on an upward path that rose over 3.47% on Wednesday, amounting to a one-week price increase of more than 3.47%. 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.
Over the last 12 months, PSLV stock rose by 12.70%.
The market cap for the stock reached $4.05 billion, with 485.15 million shares outstanding and 485.15 million shares in the current float. Compared to the average trading volume of 2.46M shares, PSLV stock reached a trading volume of 4751764 in the most recent trading day, which is why market watchdogs consider the stock to be active.
PSLV Stock Performance Analysis:
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 3.47. With this latest performance, PSLV shares gained by 9.31% in over the last four-week period, additionally plugging by 6.65% over the last 6 months – not to mention a rise of 12.70% 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 67.63, with the RSI for the last a single of trading hit 72.99, and the three-weeks RSI is set at 63.33 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 7.73, while it was recorded at 8.15 for the last single week of trading, and 7.92 for the last 200 days.
Sprott Physical Silver Trust [PSLV] Institutonal Ownership Details
The top three institutional holders of PSLV stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PSLV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PSLV stock with ownership which is approximately 5.8325%.
