Prospera Financial Services Inc raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,974 shares of the exchange traded fund’s stock after acquiring an additional 134,134 shares during the period. Prospera Financial Services Inc owned about 0.06% of iShares Silver Trust worth $20,291,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter worth $33,000. BOK Financial Private Wealth Inc. bought a new stake in shares of iShares Silver Trust during the 4th quarter worth $34,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of iShares Silver Trust by 274.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares during the period. Bangor Savings Bank bought a new stake in shares of iShares Silver Trust during the 4th quarter worth $38,000. Finally, American National Bank & Trust raised its stake in shares of iShares Silver Trust by 96.7% during the 4th quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 290 shares during the period.
iShares Silver Trust Price Performance
NYSEARCA SLV opened at $68.36 on Friday. The stock has a market capitalization of $38.69 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a one year low of $29.78 and a one year high of $109.83. The business’s fifty day moving average is $68.98 and its 200-day moving average is $67.48.
iShares Silver Trust News Roundup
- Positive Sentiment: Trading has begun in Abaxx Silver Singapore futures, adding a new physically deliverable benchmark that could support liquidity and longer-term interest in industrial silver markets. Silver Singapore Futures Now Live for Trading on Abaxx Exchange
- Neutral Sentiment: Silver remains near key support levels despite bond market volatility, suggesting traders are still waiting for clearer direction from rates and macro data. Gold, silver prices remain caught between rate hike fears and bond market stress
- Neutral Sentiment: Recent U.S.-Iran developments have created mixed signals for precious metals, with safe-haven demand partially offset by pressure from stronger yields and the dollar. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
- Negative Sentiment: Precious metals are losing ground as traders price in the risk that the Fed could keep rates elevated or even raise them further, which is weighing on silver. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
- Negative Sentiment: Silver prices were also weaker in early trading as the dollar firmed and safe-haven support tied to Iran-related tensions faded, adding near-term downside pressure to SLV. Gold, silver ease as dollar firms, U.S.-Iran talks drag on – Kitco AM Report
iShares Silver Trust Profile
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.
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