Sprott Physical Silver Trust [PSLV] gain 16.83% so far this year. What now?

Sprott Physical Silver Trust [AMEX: PSLV] gained 0.64% or 0.06 points to close at $9.44 with a heavy trading volume of 6618921 shares.

The daily chart for PSLV points out that the company has recorded 28.61% gains over the past six months.

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If we look at the average trading volume of 3.01M shares, PSLV reached to a volume of 6618921 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Trading performance analysis for PSLV stock

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 7.76. With this latest performance, PSLV shares gained by 16.54% in over the last four-week period, additionally plugging by 28.61% over the last 6 months – not to mention a rise of 10.15% 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 77.78, with the RSI for the last a single of trading hit 82.83, and the three-weeks RSI is set at 73.54 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 8.04, while it was recorded at 9.24 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 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PSLV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PSLV stock with ownership which is approximately 5.8386%.

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