Sprott Physical Silver Trust [PSLV] is 18.07% higher this YTD. Is it still time to buy?

Sprott Physical Silver Trust [NYSE: PSLV] plunged by -$0.38 during the normal trading session on while it closed the day at $9.54.

Sprott Physical Silver Trust stock has also loss -6.56% of its value over the past 7 days. However, PSLV stock has inclined by 3.36% in the 3 months of the year. Over the past six months meanwhile, it has gained 25.20% and gained 18.07% year-on date.

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The market cap for PSLV stock reached $4.71 billion, with 493.90 million shares outstanding and 493.90 million shares in the current float. Compared to the average trading volume of 4.42M shares, PSLV reached a trading volume of 5492163 in the most recent trading day, which is why market watchdogs consider the stock to be active.

PSLV stock trade performance evaluation

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 -6.56. With this latest performance, PSLV shares dropped by -2.85% in over the last four-week period, additionally plugging by 25.20% over the last 6 months – not to mention a rise of 12.90% 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 35.86, with the RSI for the last a single of trading hit 27.07, and the three-weeks RSI is set at 41.35 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 10.19, while it was recorded at 9.89 for the last single week of trading, and 8.68 for the last 200 days.

Sprott Physical Silver Trust [PSLV]: Institutional Ownership

The top three institutional holders of PSLV stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PSLV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PSLV stock with ownership which is approximately 5.1238%.

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