(PSLV) Physical Silver - Overview

Exchange: NYSE ARCA • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA85207K1075

Stock: Silver, Bullion, Bars, Physical, Storage

Total Rating 64

Risk 63

Buy Signal -0.25

Asset Management » Asset Management & Custody Banks
Age: 15.3y

Market Cap: 20,045m
Avg Trading Vol: 882M USD

ATR: 12.18%
Peers RS (IBD): 96.67

EPS (Earnings per Share)

Revenue

Rev. CAGR: -5.17%
Rev. Trend: 4.0%

Qual. Beats: 0

Risk 5d forecast
Volatility	89.6%
Relative Tail Risk	-1.27%

Reward TTM
Sharpe Ratio	1.88
Alpha	119.42

Character TTM
Beta	0.424
Beta Downside	0.447

Drawdowns 3y
Max DD	35.01%
CAGR/Max DD	1.41

Description: PSLV Physical Silver January 09, 2026

Sprott Physical Silver Trust (NYSE ARCA: PSLV) is a Canada-domiciled exchange-traded commodity fund that holds physical silver bullion in London Good Delivery bar format. Launched on June 30 2010 and managed by Sprott Asset Management, the trust offers investors direct exposure to spot silver prices through a common-stock structure.

Key metrics to watch: the fund’s Net Asset Value (NAV) per share tracks the London Fix silver price less a modest storage and insurance fee (typically 0.20-0.30% annualized). Its expense ratio sits around 0.60%, lower than many actively managed precious-metal ETFs. Demand drivers include industrial applications (e.g., photovoltaic panels and electronics) and macro-economic factors such as real-interest-rate differentials, which historically boost silver’s appeal as an inflation hedge.

For a deeper dive into PSLV’s performance drivers and how they compare to alternative silver-linked vehicles, you might explore the analytics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income: 2.94b TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA 0.27 > 1.0
NWC/Revenue: 15.24% < 20% (prev 1.74%; Δ 13.50% < -1%)
CFO/TA 0.00 > 3% & CFO 13.1m > Net Income 2.94b
Net Debt (-81.3m) to EBITDA (2.94b): -0.03 < 3
Current Ratio: 21.75 > 1.5 & < 3
Outstanding Shares: last quarter (567.0m) vs 12m ago 13.19% < -2%
Gross Margin: 93.59% > 18% (prev 0.98%; Δ 9261 % > 0.5%)
Asset Turnover: 6.79% > 50% (prev 27.21%; Δ -20.42% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)

Altman Z'' 10.00

A: 0.01 (Total Current Assets 81.3m - Total Current Liabilities 3.74m) / Total Assets 9.40b
B: 0.42 (Retained Earnings 3.92b / Total Assets 9.40b)
C: 0.39 (EBIT TTM 2.94b / Avg Total Assets 7.50b)
D: 141.1 (Book Value of Equity 9.43b / Total Liabilities 66.8m)
Altman-Z'' Score: 152.3 = AAA

What is the price of PSLV shares?

As of February 09, 2026, the stock is trading at USD 24.92 with a total of 14,245,228 shares traded.
Over the past week, the price has changed by -5.64%, over one month by -7.26%, over three months by +56.63% and over the past year by +128.21%.

Is PSLV a buy, sell or hold?

Physical Silver has no consensus analysts rating.

What are the forecasts/targets for the PSLV price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	33.3	33.7%

PSLV Fundamental Data Overview January 31, 2026

P/E Trailing = 5.919
P/S = 7.1448
P/B = 2.4786
Revenue TTM = 508.9m USD
EBIT TTM = 2.94b USD
EBITDA TTM = 2.94b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -81.3m USD (from netDebt column, last quarter)
Enterprise Value = 19.96b USD (20.05b + (null Debt) - CCE 81.3m)
Interest Coverage Ratio = unknown (Ebit TTM 2.94b / Interest Expense TTM 0.0)
EV/FCF = 1000.0x (Enterprise Value 19.96b / FCF TTM 13.1m)
FCF Yield = 0.07% (FCF TTM 13.1m / Enterprise Value 19.96b)
FCF Margin = 2.57% (FCF TTM 13.1m / Revenue TTM 508.9m)
Net Margin = 578.2% (Net Income TTM 2.94b / Revenue TTM 508.9m)
Gross Margin = 93.59% ((Revenue TTM 508.9m - Cost of Revenue TTM 32.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 2.12 (Enterprise Value 19.96b / Total Assets 9.40b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 2.32b (EBIT 2.94b * (1 - 21.00%))
Current Ratio = 21.75 (Total Current Assets 81.3m / Total Current Liabilities 3.74m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = -0.03 (Net Debt -81.3m / EBITDA 2.94b)
Debt / FCF = -6.20 (Net Debt -81.3m / FCF TTM 13.1m)
Total Stockholder Equity = 6.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 39.26% (Net Income 2.94b / Total Assets 9.40b)
RoE = 42.45% (Net Income TTM 2.94b / Total Stockholder Equity 6.93b)
RoCE = 31.30% (EBIT 2.94b / Capital Employed (Total Assets 9.40b - Current Liab 3.74m))
RoIC = 31.58% (EBIT 2.94b / (Assets 9.40b - Curr.Liab 3.74m - Cash 81.3m))
WACC = 7.48% (E(20.05b)/V(20.05b) * Re(7.48%) + (debt-free company))
Discount Rate = 7.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 7.83%
[DCF Debug] Terminal Value 78.66% ; FCFF base≈13.1m ; Y1≈11.9m ; Y5≈10.4m
Fair Price DCF = 0.45 (EV 207.4m - Net Debt -81.3m = Equity 288.7m / Shares 637.8m; r=7.48% [WACC]; 5y FCF grow -11.35% → 2.90% )
Revenue Correlation: 4.01 | Revenue CAGR: -5.17% | SUE: N/A | # QB: 0

Additional Sources for PSLV Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle