Stock fact sheet · data as of
iShares Silver Trust (SLV): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is SLV undervalued?
At 50.22 (close of 16 Oct 2026), SLV has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -0.01 and it pays no dividend), so the margin of safety is blank and the Wheel Score cannot be computed. Our screens leave the stock out at the first rule. What can be said from the nightly row is below.
The nightly engine files SLV under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for SLV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0695 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
iShares Silver Trust scores only 2 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 3.0/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.1%, ROE 0.1%, ROA 0.1% - with debt at 0.00 times equity and negative free cash flow.
iShares Silver Trust pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | 0.1% |
|---|---|---|---|
| GLS Moat | 3.0 / 10 | ROE | 0.1% |
| Debt / equity | 0.00 | ROA | 0.1% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 iShares Silver Trust sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 13/25, Health 4/20, Moat 5/15, Premium 20/20, Stability 20/20 - show where: Health (4/20) scores lowest.
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 1,008,040 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 36.2M shares a day on a market cap of $27.5B, with a beta of 1.26 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 0% margin of safety | |
| Health | 4 / 20 | Piotroski 2/9 | |
| Moat | 5 / 15 | moat 3.0/10 | |
| Premium | 20 / 20 | implied volatility 41% | |
| Stability | 20 / 20 | 36.2M shares/day, $27.5B cap, beta 1.26 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for SLV in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to iShares Silver Trust by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 11.21 | 1.17 | -857% | 28No options | $27.3B |
| FFEGX Fidelity Freedom Index 2030 Fund | 24.04 | 180.21 | +87% | 39No options | $28.3B |
| PARDX T. Rowe Price Retirement 2040 Fund | 37.23 | 39.50 | +6% | 34No options | $25.9B |
| RJF Raymond James Financial, Inc. | 157.25 | 309.84 | +49% | 86Prime | $30.2B |
| NTRSO Northern Trust Corporation | 18.37 | 89.20 | +79% | 39No options | $30.3B |
| NTRS Northern Trust Corporation | 165.44 | 244.05 | +32% | 85Prime | $30.3B |
| APHKX Artisan International Value Fund Institutional Class | 59.78 | 46.89 | -27% | 33No options | $24.6B |
| ARTKX Artisan International Fund | 59.58 | 44.41 | -34% | 34No options | $24.5B |
| APDKX Artisan International Value Fund Advisor Class | 59.43 | 44.81 | -33% | 34No options | $24.4B |
| JUESX JPMorgan U.S. Equity Fund Class I | 28.51 | 130.70 | +78% | 39No options | $31.0B |
| JMUEX JPMorgan U.S. Equity Fund | 28.60 | 763.72 | +96% | 39No options | $31.0B |
| JUEZX JPMorgan U.S. Equity Fund Class R2 | 27.85 | 127.21 | +78% | 39No options | $31.0B |
⚖ Compare SLV with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SLV
Is SLV undervalued right now?
The GLS models could not value SLV (the company lost money over the last twelve months, EPS -0.01 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 50.22 against.
What is the Wheel Score of SLV and what does it mean?
SLV scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SLV?
None of the nine GLS models produced a positive value for SLV (the company lost money over the last twelve months, EPS -0.01 and it pays no dividend), so there is no GLS fair value tonight.
When does iShares Silver Trust report earnings next?
No upcoming earnings date is recorded for SLV in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does SLV have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,000 listed contracts with 1,008,040 open interest across all expiries and implied volatility of 41% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.