PSLV Sprott Physical Silver Trust
Sprott Physical Silver Trust (PSLV) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on ARCA. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Mid-channel, rising on both timeframes
Price is between the two trend lines. Nothing to act on yet.
The next few months are read from the last 12 months, not the last 2 years: that channel fits this stock's recent turns at least as well (53% against 53%) and it is the one price is respecting now. The last 2 years stay as context: rising, +67% a year. The nearest ceiling overhead is US$22.58, from the last 2 years. What would overturn this: a close below US$18.46 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 2 years
- US$19.19 – US$22.58 Rising channel, +67% a year
- 12 months read from
- US$18.46 – US$22.61 Rising channel, +23% a year
- Position in that channel
- 50% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -51% from US$36.4028 Jan 2026 → 16 July 2026
- Whose problem it was
- This company14 of 31 Asset Management peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 15%of what it lost
- What the record says
- 54% of 35 comparable falls came back, typically in 67 days measured on its own peer group
The trend broke in January 2026: price fell 51% from 36.40 to 17.89 by July 2026, and has regained 15% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “'Almost Guaranteed': A Wall Street Legend Says Silver Will Drop 50%”. What happens next is not settled: falls of about 51% here have come back to the old high 54% of the time (35 comparable falls), typically in 67 days, which is too close to a coin toss to price a recovery from.
Reported at the time: 'Almost Guaranteed': A Wall Street Legend Says Silver Will Drop 50% — 26 Jan 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (2 years)
- Lower trend line (2 years)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because its projected path only reaches 3.7% above the entry within 90 days, under the 6.0% floor a call has to clear to be worth making. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$18.89
level as at 17 Sept 2026
Our target
US$19.20
by 16 Dec 2026
Projected move
1.7%
gross, before costs
Price is at or through our target.
- Upper line touches
- 2
- Lower line touches
- 7
- Fit confidence
- 53%
- Fitted
- 16 Sept 2026
About Sprott Physical Silver Trust
Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices. The company was founded on June 30, 2010 and is headquartered in Toronto, Canada.
- Sector
- Financial Services
- Industry
- Asset Management
- CEO
- John Anthony Ciampaglia
- Country
- CA
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$13.89B
- Enterprise value
- —
- Beta
- 0.47
- Avg volume
- 8.41M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 13.21-38.13
- Exchange
- AMEX
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.