PSLV stock price tumbles 27% as silver plunges from record highs, with Monday in focus
Sprott Physical Silver Trust (PSLV) sank 27.2% to $26.41 Friday, closing about 9.4% below its net asset value after spot silver plunged 27.7% to $83.99 an ounce. Trading in PSLV topped 82 million units. Other silver funds, including iShares Silver Trust and abrdn Physical Silver Shares ETF, also dropped over 28%. Analysts cited profit-taking and a stronger dollar after Kevin Warsh was named to lead the Federal Reserve.