Surge in Call Option Trading for iShares Silver Trust (SLV)

On a recent trading day, there was a significant spike in options trading activity involving the iShares Silver Trust (NYSEARCA:SLV). Market participants showed a robust interest, buying a total of 239,906 call options on the fund. This marked a substantial increment of about 51% in comparison to the SLV's average daily call option volume of 159,317.

iShares Silver Trust Experiences Uptick in Share Value

The fund began trading at $21.40 on the relevant Friday. Observing the trend over time, the 50-day moving average price of the fund rested at $21.18, with the 200-day moving average not far off at $21.22. When looking across the past year, iShares Silver Trust shares have touched a low of $18.38 and reached a peak at $23.94.

Increased Institutional Engagement with iShares Silver Trust

Recently, changes have been noted in the holdings of several hedge funds in relation to iShares Silver Trust. For instance, City State Bank bolstered its position in the fund by 9.7% in the 4th quarter, now owning 5,680 shares valued roughly at $124,000 after the addition of 500 shares. Grant GrossMendelsohn LLC increased their holdings by 4.4% in the same quarter, which resulted in a total of 12,100 shares estimated to be worth $252,000 after acquiring another 505 shares. Additional increments were made by AlphaStar Capital Management LLC and Bedell Frazier Investment Counseling LLC, both enhancing their stakes during the 2nd quarter by 4.7% and 0.3%, respectively. Toroso Investments LLC also upped their investment by 3.7% during the 3rd quarter.

About iShares Silver Trust

The iShares Silver Trust is an entity that primarily holds silver, enabling investors to partake in the silver market through the purchase of shares. Each share reflects a portion of the beneficial interest in the Trust's net assets. The Trust's primary asset is the silver in custody of its designated custodian.

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iShares, Silver, Options