Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Strong Trading Volume – Time to Buy?

Shares of Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) saw strong trading volume on Tuesday . 298,707 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 352,825 shares.The stock last traded at $28.83 and had previously closed at $28.55.

Aberdeen Standard Physical Silver Shares ETF Price Performance

The business’s 50-day moving average price is $29.36 and its 200-day moving average price is $28.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIVR. Assetmark Inc. acquired a new position in Aberdeen Standard Physical Silver Shares ETF during the 3rd quarter valued at approximately $27,000. Brown Financial Advisors acquired a new position in shares of Aberdeen Standard Physical Silver Shares ETF in the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC purchased a new position in Aberdeen Standard Physical Silver Shares ETF in the 2nd quarter worth $88,000. Mattson Financial Services LLC acquired a new stake in Aberdeen Standard Physical Silver Shares ETF during the 2nd quarter worth about $128,000. Finally, Farther Finance Advisors LLC grew its stake in Aberdeen Standard Physical Silver Shares ETF by 100.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,988 shares of the company’s stock valued at $208,000 after purchasing an additional 3,494 shares during the last quarter.

About Aberdeen Standard 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.