Sprott Physical Silver Trust (NYSE:PSLV) price on Wednesday, May 21, rose 1.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.26.
A look at the stock’s price movement, the close in the last trading session was $11.11. Turning to its 52-week performance, $11.77 and $9.12 were the 52-week high and 52-week low respectively. Overall, PSLV moved 3.40% over the past month.
Sprott Physical Silver Trust’s market cap currently stands at around $6.07 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PSLV is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PSLV’s current price about 2.54% and 1.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.42, while 7-day volatility ratio is 1.55% and 1.59% in the 30-day chart. Further, Sprott Physical Silver Trust (PSLV) has a beta value of 0.52, and an average true range (ATR) of 0.22.
If we refocus on Sprott Physical Silver Trust (NYSE:PSLV), historical trading data shows that trading volumes averaged 43.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 539.19 million shares.
Current price change has pushed the stock 16.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PSLV stock continues to rise going into the next quarter.
