/assets/ps5/lib/photoswipe.css contains:
--pswp-preloader-color: rgba(79, 79, 79, 0.4);
--pswp-preloader-color-secondary: rgba(255, 255, 255, 0.9);
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But they seem to have been just created but not (yet) utilized.
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Loading the demo page loading-indicator-preloader in your browser and then modding those CSS variables in DevTools yields no visible change.
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The preloader icon (aka "spinner") seems to use simply the --pswp-icon-color.