Sprott Physical Silver Trust [AMEX: PSLV] gained 0.20% or 0.02 points to close at $9.88 with a heavy trading volume of 13292955 shares.
The daily chart for PSLV points out that the company has recorded -7.06% loss over the past six months.
If we look at the average trading volume of 9.17M shares, PSLV reached to a volume of 13292955 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.50. With this latest performance, PSLV shares dropped by -5.18% in over the last four-week period, additionally sinking by -7.06% over the last 6 months – not to mention a rise of 26.34% 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 42.34, with the RSI for the last a single of trading hit 43.82, and the three-weeks RSI is set at 43.04 for Sprott Physical Silver Trust [PSLV]. The present Moving Average for the last 50 days of trading for this stock 10.45, while it was recorded at 9.77 for the last single week of trading, and 10.03 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: BLACKROCK INC. with ownership of 22.87 million shares, which is approximately 4.7027%. FEDERATION DES CAISSES DESJARDINS DU QUEBEC, holding 13.28 million shares of the stock with an approximate value of $$131.47 million in PSLV stocks shares; and FEDERATION DES CAISSES DESJARDINS DU QUEBEC, currently with $$75.36 million in PSLV stock with ownership which is approximately 1.5603%.
