NEW YORK, USA – Shares of the Sprott Physical Silver Trust (NYSE Arca: PSLV), a popular investment vehicle designed to provide exposure to physical silver bullion, traded higher during Tuesday’s afternoon session.
As of 1:34:45 PM EDT, PSLV shares were priced at 0.21 or +1.96% for the day. This upward move builds upon the previous closing price of $10.89.
The trust opened the trading day at 11.00 and $11.15** thus far. The current price places PSLV near the top end of its intraday range and edges closer to its 52-week high of $11.77. The established 52-week low for the trust is $8.81.
Trading volume by mid-afternoon reached over 24.3 million shares. While substantial, this figure is currently tracking below the trust’s average daily volume of approximately 40.3 million shares, suggesting moderate but steady interest during the session.
PSLV’s intraday market capitalization stands around $5.765 billion. As a trust holding physical silver, it doesn’t typically report traditional earnings per share (EPS) or Beta figures like operating companies. The reported PE Ratio (TTM) is 6.72, though PE ratios for commodity trusts can reflect factors beyond company earnings, such as premiums or discounts to net asset value (NAV). The trust does not offer a forward dividend.
Investors often utilize PSLV as a way to gain direct exposure to the price movements of physical silver. Today’s positive performance indicates favorable sentiment towards the precious metal or this specific trust structure during the trading session. Market participants will continue to monitor PSLV’s price action relative to broader market trends and movements in the underlying silver commodity market.
