Sprott Physical Silver Trust (NYSE:PSLV) shares, rose in value on Thursday, April 25, with the stock price up by 0.38% to the previous day’s close as strong demand from buyers drove the stock to $9.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.23. Referring to stock’s 52-week performance, its high was $9.97, and the low was $7.08. On the whole, PSLV has fluctuated by 13.96% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% 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 0.87% and 9.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.69, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 2.63%. Furthermore, Sprott Physical Silver Trust (PSLV)’s beta value is 0.66, and its average true range (ATR) is 0.25.
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 0.38% in today’s session so far, and over the past year, it grew by 8.36%%.
Data on historical trading for Sprott Physical Silver Trust (NYSE:PSLV) indicates that the trading volumes over the past 3 months, they’ve averaged 3.47 million. According to company’s latest data on outstanding shares, there are 485.83 million shares outstanding.
The stock has risen by 14.67% 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.
