abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Time to Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $110.85, but opened at $93.78. abrdn Physical Silver Shares ETF shares last traded at $93.9650, with a volume of 2,923,446 shares.

abrdn Physical Silver Shares ETF Trading Down 19.5%

The business’s 50 day simple moving average is $71.06 and its 200 day simple moving average is $51.87.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new position in abrdn Physical Silver Shares ETF in the 3rd quarter worth approximately $402,000. Eagle Strategies LLC bought a new stake in shares of abrdn Physical Silver Shares ETF during the third quarter valued at approximately $394,000. Braun Bostich & Associates Inc. purchased a new position in shares of abrdn Physical Silver Shares ETF in the third quarter worth $891,000. AE Wealth Management LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 125.5% during the second quarter. AE Wealth Management LLC now owns 16,899 shares of the company’s stock worth $581,000 after acquiring an additional 9,405 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in abrdn Physical Silver Shares ETF by 4.9% during the third quarter. 180 Wealth Advisors LLC now owns 163,317 shares of the company’s stock valued at $7,264,000 after acquiring an additional 7,667 shares in the last quarter.

About abrdn Physical Silver Shares ETF

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust. The sponsor of the Trust is ETF Securities USA LLC.