PSLV Surges 1.42% on Three-Day Rally, Hits 2025 High on Silver Demand Boost

Sprott Physical Silver-U (PSLV) surged 1.42% on Thursday, marking its third consecutive day of gains with a cumulative 3.25% rise over the period. The share price reached its highest level since September 2025, with an intraday high of $1.77, reflecting renewed investor confidence in the silver-backed exchange-traded fund. The rally builds on a broader trend of sustained demand for physical silver assets amid macroeconomic uncertainties.

Recent market dynamics suggest a shift in risk appetite, with investors favoring tangible commodities as a hedge against inflation and currency devaluation. PSLV’s performance aligns with broader sector momentum, as silver prices have benefited from increased industrial demand and speculative positioning. Analysts note that the fund’s structure, which holds physical silver bullion, offers a direct exposure to the metal’s price action, amplifying its sensitivity to market sentiment.

The latest move follows a period of consolidation after a sharp correction earlier in the year. Technical indicators show key resistance levels being breached, potentially unlocking further upside if momentum persists. However, market participants remain cautious about short-term volatility, given the Federal Reserve’s policy outlook and potential shifts in global trade flows. Long-term holders, meanwhile, view the recent gains as a validation of the asset’s role in diversified portfolios.