Analysts Update Their Estimates For Sprott Physical Silver Trust

Sprott Physical Silver Trust (NYSE:PSLV) at last check was buoying at $8.23 on Friday, March 22, with a rise of 0.06% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $8.23. Considering stock’s 52-week price range provides that PSLV hit a high price of $8.99 and saw its price falling to a low level of $7.08 during that period. Over a period of past 1-month, stock came adding 8.64% in its value.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. 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 50% Sell. Long term indicators are suggesting an average of 50% 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 2.83% away from its 20-day simple moving average and is 5.69% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.90 while volatility remained at 2.17% over the past week which changes to 1.75% when measuring it over the past month. Beta is valued at 0.69, while measure of average true range or ATR is currently at 0.17.

Having a second look at Sprott Physical Silver Trust (NYSE:PSLV) provides that stock’s average daily trading volume for 3 months was 2.57 million, while it jumped to 3.23 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 485.15 million.

Addition of 1.92% 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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