Sprott Physical Silver Trust (NYSE:PSLV) shares, rose in value on Thursday, April 04, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $9.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.10. Referring to stock’s 52-week performance, its high was $9.13, and the low was $7.08. On the whole, PSLV has fluctuated by 15.73% over the past month.
With the market capitalization of Sprott Physical Silver Trust currently standing at about $4.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PSLV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 25% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PSLV currently trading nearly 9.79% and 15.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.60, while the 7-day volatility ratio is showing 2.44% which for the 30-day chart, stands at 1.97%. Furthermore, Sprott Physical Silver Trust (PSLV)’s beta value is 0.69, and its average true range (ATR) is 0.19.
A comparison of Sprott Physical Silver Trust (PSLV) with its peers suggests the former has fared considerably weaker in the market. PSLV showed an intraday change of 0.22% in today’s session so far, and over the past year, it grew by 9.75%%.
Data on historical trading for Sprott Physical Silver Trust (NYSE:PSLV) indicates that the trading volumes over the past 10 days have averaged 4.35 million and over the past 3 months, they’ve averaged 2.83 million. According to company’s latest data on outstanding shares, there are 485.15 million shares outstanding.
The stock has risen by 12.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSLV stock heading into the next quarter.
