Sprott Physical Silver Trust (PSLV) in Spotlight As Silver Rockets Suddenly

Amidst all the disparate happenings in the global markets, one thing that may not have been as much in focus is the rally in the price of silver. The precious metal experienced a spike of as much as 8% today and that is the sort of rally that can bring the Sprott Physical Silver Trust (NYSEARCA: PSLV) stock into play.

The rally in silver is another manifestation of the actions of social media users who have been targeting certain assets with the view of raising their value. Hence, it is the sort of situation in which the Sprott Physical Silver Trust stock could be worth looking into. The company is a bit unique when compared to other silver trust outfits.

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The trust keeps allocated amounts of silver and on top of that, it also permits physical deliveries of the metal. Experts believe that seasonality is one of the factors that could push up the price of silver further and hence, investors could add the Sprott Physical stock to the watch lists.

Jack Dawkins

Finance and Tech Contributor