The trading price of Sprott Physical Silver Trust (AMEX:PSLV) closed lower on Friday, May 23, and closing at $11.11, -1.29% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $11.06 and $11.1354. In examining the 52-week price action we see that the stock hit a 52-week high of $11.77 and a 52-week low of $9.12. Over the past month, the stock has gained 0.14% in value.
Sprott Physical Silver Trust, whose market valuation is $5.99 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest PSLV has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that PSLV’s price is currently 1.24% off the SMA20 and 0.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.67, and weekly volatility stands at 1.56%. When measured over the past 30 days, the indicator reaches 1.47%. Sprott Physical Silver Trust (AMEX:PSLV)’s beta value is currently sitting at 0.53, while the Average True Range indicator is currently displaying 0.22.
To see how Sprott Physical Silver Trust stock has been performing in comparison to its peers in the industry, here are the numbers: PSLV stock’s performance was -1.29% in the latest trading, and 7.50% in the past year.
An evaluation of the daily trading volume of Sprott Physical Silver Trust (AMEX:PSLV) indicates that the 3-month average is 42.40 million. However, this figure has increased over the past 10 days to an average of 24.94.
Currently, records show that 539.19 million of the company’s shares remain outstanding. However, since the stock’s price has seen 15.18% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
