Sprott Physical Silver Trust (PSLV): A New Perspective

Sprott Physical Silver Trust (NYSE:PSLV) at last check was buoying at $11.39 on current market day with a rise of 0.80% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $11.30 with its price kept floating in the range of $11.29 and $11.42 on the day. Considering stock’s 52-week price range provides that PSLV hit a high price of $11.77 and saw its price falling to a low level of $8.12 during that period. Over a period of past 1-month, stock came adding 5.46% in its value.

With its current market valuation of $5.93 billion, Sprott Physical Silver Trust is set to declare its quarterly results in April. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review PSLV stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 75% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the PSLV stock which is currently positioned at 0. It further provides that stock’s current price level is 3.87% away from its 20-day simple moving average and is 7.68% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 64.80 while volatility remained at 1.69% over the past week which changes to 1.73% when measuring it over the past month. Beta is valued at 0.56, while measure of average true range or ATR is currently at 0.22.

Having a second look at Sprott Physical Silver Trust (NYSE:PSLV) provides that stock’s average daily trading volume for 3 months was 26.56 million, while it jumped to 44397530 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 520.39 million.

Addition of 18.03% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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