Is PHYS or PSLV more undervalued in 2026?

CirclFi compares "Sprott Physical Gold Trust" (PHYS) and "Sprott Physical Silver Trust" (PSLV) using 13 institutional-grade valuation models. PHYS has a Quality of Company score of 6.0/10 while PSLV scores 6.3/10.

Which is a better buy — PHYS or PSLV?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do PHYS and PSLV valuations compare?

PHYS at $34.42 and PSLV at $24.08 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PHYS vs PSLV Valuation Comparison 2026 — Intrinsic Value Analysis

PHYS

Commodity Contracts Brokers & Dealers

"Sprott Physical Gold Trust"

Quality

6.0

out of 10

Value Trap

SAFE

Price

$34.42

Last close

Models

11/13

Active

PSLV

Commodity Contracts Brokers & Dealers

"Sprott Physical Silver Trust"

Quality

6.3

out of 10

Value Trap

SAFE

Price

$24.08

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	PHYS Fair Value	PHYS Upside	PSLV Fair Value	PSLV Upside
Bayesian DCF	Intrinsic	$78.35	+127.6%	$4.06	-83.2%
Earnings Power Value	Intrinsic	$165.65	+381.3%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$17.49	-49.2%	$13.57	-43.7%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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PHYS vs PSLV — Which Stock Is More Undervalued?

PSLV scores higher with a 6.3/10 quality rating vs PHYS's 6.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing "Sprott Physical Gold Trust" (PHYS) and "Sprott Physical Silver Trust" (PSLV) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

PHYS currently trades at $34.42 with a QOC of 6.0/10, while PSLV trades at $24.08 with a QOC of 6.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).