What will a preamp do for me?


Missing in the chain below is a preamp - I use the DAC to control volume.  This is my only source and will be for some time.  What could I gain by adding a preamp?

I have Thiel CS 2.3s driven by a BAT VK-55, sourced by PS Audio PW DAC, with bridge II, mostly tidal.  The DAC serves as a preamp in terms of volume control.  Mostly Audioquest cables, amp power cord is Cardas Clear m, all fed by PS Audio upc-200.

I am am hoping to improve the highs, which sometimes sound smeared, too much sibilance; would like more air and clarity.  Loud rock sounds flatter, less dynamic than I’d like.  I am not willing to give up the deep detailed and beautifully resonant mids.  Willing to spend up to $3000, used is ok.  Totally balanced is a must.  Not currently willing to entertain the idea of different speakers - my goal is to make the 2.3s sound as good as reasonably possible before moving on to other speakers.  It’s easy to find a really good preamp in this price range, so much so I am almost paralyzed by the choices.  Aesthetix , Ayre, ARC, several BAT, Parasound and more all have apparently excellent models in my price range.  Patience would put Atma-sphere and PS Audio within reach.  Which is best for my situation?  There’s no way to audition all of these, how could I avoid getting on a preamp merry-go-round?  Or should I spend my money elsewhere?
128x128thosb
Maybe the PS 4.6 would be more appealing if the price was $3995! Don't be fooled by the belief that "if it costs more it must be better"! That is a rabbit hole that too many have fallen into!
The problem with volume on the DAC itself is that you're shortening word length. This is how the volume is controlled digitally.

My suggestion is to do what I did recently and try a PS Audio Stellar Gain Cell DAC that use a proprietary means to control gain on the preamp to control the volume of both and analog sections. I keeping it as it greatly improved everything I've thrown at it. You can try it for 30 days. Made in Boulder, CO.
A DAC using a digital volume control will result in a worse SNR, which could effect dynamics. An analog pre-amp will keep the noise floor the same regardless of volume.

If just looking for an analog preamp, you don’t need to spend a lot.
Thanks for the insight on why volume control from the DAC causes a weakness in the system.  Eventually I want to upgrade the PWD to the DSD, so that makes the stellar gain fell a non starter, unfortunately.  I will check out the 4.6 pre by ps audio, but I really want to stick with balanced, and so far I have not had much like finding a low cost totally balanced pre.  Schiit Freya?  
Schiit Freya?  
Perfect, you have the choice of passive, tube, or solid state. And it has everything you need.
Still going direct without "bit stripping" is the most transparent/dynamic way of getting the source to the poweramp/s. Some people just don't like the sound of their source so they prefer to color it with a preamp.

Cheers George