Utilizing low enriched uranium silicide fuel (U3Si2-Al) of existing uranium density (3.285 g/cm3), different core configurations have been studied in search of an equilibrium core with an improved performance for the Pakistan Research Reactor-1. Furthermore, we have extended our analysis to the performance of higher density silicide fuels with a uranium density of 4.0 and 4.8 U g/cm3. The criterion used in selecting the best performing core was that of “unit flux time cycle length per 235U mass per cycle”. In order to analyze core performance by improving neutron moderation, utilizing higher-density fuel, the effect of the coolant channel width was also studied by reducing the number of plates in the standard/control fuel element. Calculations employing computer codes WIMSD/4 and CITATION were performed. A ten energy group structure for fission neutrons was used for the generation of microscopic cross-sections through WIMSD/4. To search the equilibrium core, two-dimensional core modelling was performed in CITATION. Performance indicators have shown that the higher-density uranium silicide-fuelled core (U density 4.8 g/cm3) without any changes in standard/control fuel elements, comprising of 15 standard and 4 control fuel elements, is the best performing of all analyzed cores.