In this article, we will discuss: 10 Best Performing Silver Stocks So Far in 2026.
On May 15, Bloomberg reported that silver dipped below $80 per ounce, capping a turbulent week of rapid swings. Prices jumped 11.3% earlier in the week on market anticipation for AI-linked metals and supply concerns in Peru, before falling as much as 9.3% to $75.78 per ounce on Friday, based on Bloomberg data. Bloomberg reported that the metal is still trading more than 130% higher year on year, growing concern about speculative excess and disconnection from industrial demand.
Analysts said rising borrowing rates lowered prices, while higher costs encouraged jewelers and manufacturers to redesign items and replace cheaper materials, as per Bloomberg. HSBC analyst James Steel said, “We still see silver as fundamentally overvalued,” noting declining jewelry and industrial demand. According to BloombergNEF data, silver’s percentage in solar panel costs rose from 3.4% in 2023 to 29% when prices exceeded $90. Bloomberg also noted that retail speculation and supply scarcity led to volatility.
With that said, here are the 10 Best Performing Silver Stocks So Far in 2026.
Photo by Scottsdale Mint on Unsplash
Methodology:
We began with a pool of 20 stocks from the Silver Stocks and identified those that have delivered positive returns in 2026 so far. We then picked the top 10 stocks with the highest Year-to-Date return as of May 21. We have limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. The stocks are ranked in ascending order of their year-to-date performance.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Newmont Corporation (NYSE:NEM)
Year-to-date return as of May 21: 7.02%
Newmont Corporation (NYSE:NEM) is among the Best Performing Stocks.
On May 22, 2026, Barclays started coverage on Newmont Corporation (NYSE:NEM) with a $133 price target. The firm had an “Overweight rating” on the shares.
Separately, on April 30, 2026, Newmont Corporation (NYSE:NEM) released its 2025 Sustainability and Taxes & Royalties Contribution Reports. The company said it delivered $17.8 billion in direct economic contributions, including $5.8 billion in operating costs and $3.2 billion in taxes, royalties, and government payments, while investing $97 million in community programs.
Operationally, the corporation’s commercial production at Ahafo North in Ghana created about 4,500 construction jobs and supported roughly 1,560 roles, while spending $2.3 billion with local and indigenous suppliers.
The company promoted its “Always Safe” program with a direct focus on risk management. It added that it had zero fatalities in 2025, even though it mentioned a February 2026 “Mathew Middlebrook” at Tanami fatality.
Newmont Corporation (NYSE:NEM) is one of the world’s biggest gold mining companies, making significant amounts of copper, silver, zinc, and lead as byproducts.
9. Avino Silver & Gold Mines Ltd. (NYSE:ASM)
Year-to-date return as of May 21: 12.33%
On May 15, 2026, Roth Capital raised its price target on Avino Silver & Gold Mines Ltd. (NYSE:ASM) to $8 from $7.50. The firm maintained a “Neutral rating” on the shares, stating that Q1 results beat expectations and gold and silver prices “rebounded somewhat.”
Separately, on May 13, Avino Silver & Gold Mines Ltd. (NYSE:ASM) reported first-quarter revenue of $39.4 million with growth of 109% year over year and 29% sequentially. It also generated a net income of $15.9 million, or $0.09 per diluted share. The firm delivered EBITDA of $25.5 million and adjusted earnings of $24.3 million, both sharply higher, while producing operating cash before working capital of $18.7 million.
CEO David Wolfin said the company “delivered record financial performance driven by improved mill performance, strong metal prices, and a disciplined approach to capital management,” adding margins expanded and the balance sheet strengthened.
Avino Silver & Gold Mines Ltd. (NYSE:ASM) mines and explores, focusing on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments.
8. McEwen Inc. (NYSE:MUX)
Year-to-date return as of May 21: 14.29%
On May 21, 2026, McEwen Inc. (NYSE:MUX) reported that it received a $49.4 million dividend from the San José Mine, pushing total 2026 dividends to $58.2 million, exceeding the company’s expectation of $40 to $50 million for the whole year. The company said internally generated cash “allows a company to grow while eliminating/minimizing share dilution.”
From its 49% San Jose stake, the firm projects 59,000 to 64,000 GEOs in 2026, expecting an AISC of $2300 to $2500 per GEO. As of March 31, 2026, it held $56.5 million in cash and $13.5 million in securities.
McEwen Inc. (NYSE:MUX) targets making 250,000 to 300,000 GEOs annually by 2030. Stock Mine will enter production in the second half of 2026 while El Gallo is targeting a mid-2027 output of around 20,000 GEOs annually, expecting to jump to 40,000 to 50,000 GEOs.
McEwen Inc. (NYSE:MUX) mines and explores precious and base metals. It works through the United States, Canada, Mexico, MSC, and Los Azules segments.
7. Freeport-McMoRan Inc. (NYSE:FCX)
Year-to-date return as of May 21: 19.99%
On May 20, 2026, Reuters reported that majority-owned by Indonesia’s state holding and operated by Freeport-McMoRan Inc. (NYSE:FCX), PT Freeport Indonesia said recovery at the Grasberg copper and gold complex is taking longer than expected. The reason is due to last year’s fatal accident that left ore wetter than anticipated, forcing chute modifications and infrastructure upgrades.
PT Freeport Indonesia CEO Tony Wenas told Reuters the complex is running at 50% capacity and should reach 65% later this year, approaching full ramp-up in the second half of 2027. The Chief Executive also projected 2027 output at around 1.2 billion pounds of copper cathode and 1 million ounces of gold.
Wenas noted that Freeport Indonesia has set aside around $20 billion for post-2041 investment tied to a permit extension and a further 12% stake transfer to the Indonesian government.
Separately, Wenas said artificial intelligence-related infrastructure growth will lift copper demand, requiring more energy projects, resulting in more copper.
Freeport-McMoRan Inc. (NYSE:FCX) is a copper, gold, and molybdenum mining company that operates through the US Copper Mines, South America Operations, Indonesia Operations, Molybdenum Mines, US Rod and Refining, Atlantic Copper, Corporate, and Others segments.
6. Skeena Resources Limited (NYSE:SKE)
Year-to-date return as of May 21: 22.07%
On May 15, Skeena Resources Limited (NYSE:SKE), reporting its Management Discussion and Analysis, said it had a quarterly loss of $104.5 million for the three months ended March 31, 2026, widening from a $38.2 million loss a year earlier. It was caused by a $54.4 million revaluation loss on its Gold Stream derivative liability and a higher gold forward curve.
The company said it had a $10.8 million impairment tied to a terminated term loan and an $11.9 million unrealized loss on marketable securities, while share-based payments rose to $11.9 million.
Skeena Resources Limited (NYSE:SKE) added that it holds no operating revenue as a development-stage company.
Operating activities consumed $15.2 million from $37.0 million, while investing outflows jumped to $77.0 million as Eskay Creek construction gained momentum. Management said it advanced full development, mobilizing equipment and expanding mining and advancing plant, power, and infrastructure buildouts.
Skeena Resources Limited (NYSE:SKE) is a Canadian mining company focused on gold and silver production. It is working on developing the Eskay Creek Project.
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