Sprott Physical Silver Trust (PSLV) Stock Price & Analysis
Market: NYSE • Sector: Financial Services • Industry: Asset Management
Sprott Physical Silver Trust (PSLV) Profile & Business Summary
Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.
Key Information
| Ticker | PSLV |
|---|---|
| Exchange | NYSE |
| Official Site | https://sprott.com/investment-strategies/physical-bullion-trusts/silver/net-asset-value-premium-discount |
Market Trend Overview for PSLV
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
SRE (WhaleQuant Structural Regime Engine) SRE evaluates how price structure evolves across daily and weekly timeframes to define the prevailing market regime. Beyond identifying trends, consolidations, and exhaustion phases, it distinguishes between raw structural strength and deployable participation quality. The model dynamically adjusts for structural context and extension risk, assessing whether conditions are supportive, stretched, fragile, or structurally impaired. Its purpose is not to forecast precise price levels, but to determine whether risk deployment is aligned with underlying market structure.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-10-13 (ET)
As of 2026-10-13, PSLV is showing signs of slowing down. Over the longer term, the trend remains bullish.
PSLV last closed at 19.37. The price is about 1.1 ATR below its recent average price (20.32), and the market is currently in a trend that may be losing strength. Price at 19.37 is near minor support around 19.25. Momentum may slow, while minor resistance sits near 19.65. View Support & Resistance from Options
Short-term weakness is unfolding within a broader uptrend, suggesting a pullback rather than a full trend reversal.
Trend score: 55 out of 100. Overall alignment is unclear. The market is currently in a late-stage trend that may be losing strength. The longer-term trend is still positive, but short-term signals are not yet confirming it.
There is no clear key risk boundary right now.
On 2026-09-10, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.
[2026-10-12] Price moved quickly and looked strong, but participation was limited.
Recent bars show mixed price behavior without a clear shift in structural quality or efficiency.
Closing activity showed limited conviction and did not suggest strong overnight positioning.
The model stays neutral because the setup is not clear enough to justify a directional deployment.
The model does not deploy this setup because recent price behavior has shown failed reversal memory. Predictability is 43%, agreement is 88%, and reversal risk is 18%.
NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history
This estimate uses 1-minute price, volume, and VWAP data from the last 58 trading days, with turnover-based decay. The sample period is 2026-07-23 to 2026-10-13. The current price is 19.37, 6.29% below the estimated average cost of 20.67. An estimated 15.4% of recent positioning is below the current price, while 82.6% is above it. The peak-density price is 19.88. The largest concentrated cost region is 20.91 to 21.49 and contains 17.7% of the estimated distribution. The current price is within the 19.25 to 19.63 cost region. The nearest region below the current price is 18.87 to 18.89. The nearest region above the current price is 19.67 to 20.05.
Short Interest & Covering Risk for PSLV
This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.
Shows how likely a short squeeze may be under current market conditions.
Short Exposure Percentile
Short interest is relatively low, indicating limited pressure from short positions. (Historical percentile: 35%)
Structure Analysis
PSLV Short positioning looks normal. Current days to cover is 1.0 trading days, meaning short positions could unwind at a normal pace. Short covering is likely to have a normal impact on price moves. Price is already trending lower (20D return -6.2%). The current configuration reflects active downside pressure rather than latent structural fragility.
Risk Summary
No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.
Why Price Reactions May Be Stronger?
Days-to-Cover is elevated versus its own history, but absolute short interest remains moderate. Price action is compressing (range is tightening), which can make breaks more sensitive. Adaptive thresholds applied to liquidity weakness, near-high detection, and compression sensitivity. As a result, similar news or market events could lead to price moves about 1× larger than usual.
Note:
Short interest data is reported every two weeks by
FINRA.
The most recent snapshot is
2026-09-30 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.