In this article, we will take a look at the 10 Best Silver Stocks to Watch for in 2026.

Silver prices reached record highs at the start of the year amid renewed interest in precious metals as safe-haven assets. When gold rallies, silver typically follows suit. The recent unprecedented rise in gold to all-time highs has also positively impacted silver, triggering significant gains.

The sharp rally, which pushed prices above $90 an ounce at the start of the year, has likewise boosted sentiments around silver stocks. This is because silver is valued not only for its monetary attributes but also for its extensive use in industries such as solar panel production, electric vehicles, electronics, and semiconductors.

Although silver prices have since retreated, BlackRock strategists remain optimistic, expecting prices to continue rising amid strong underlying tailwinds.

“Our long-term view on silver is positive, but it is important to remember silver is more of an industrial metal [than gold],” Evy Hambro, portfolio manager and the Global Head of Thematics and Sector Investing at BlackRock, told CNBC.

Dan Coatsworth, head of markets at AJ Bell, is also bullish on silver as market supplies remain tight and could tighten further with China’s export restrictions. Industrial demand also supports higher prices.

“Demand is strong from these areas, and there is a risk that not enough money is being spent by miners on developing new sources of supply,” Coatsworth said.

Given the sustained high demand and climbing prices for silver, silver stocks stand to benefit the most with projected revenue and earnings increases.

Taking into consideration the growing demand for a safe haven amid the Middle East conflict, let’s take a look at the best silver mining stocks to invest in right now.

Our Methodology

To identify the best silver mining stocks to invest in right now, we reviewed a wide range of US-listed silver mining companies using data from various ETFs and the Finviz stock screener. From that group, we selected stocks with a positive upside potential as of March 6. We 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.

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).

Best Silver Stocks to Watch for in 2026

10. Fortuna Mining Corp. (NYSE:FSM)

Fortuna Mining Corp. (NYSE:FSM) is one of the best silver stocks to watch for in 2026. The stock has a 22% upside potential according to analysts. This isn’t the stock with the highest upside potential but represents a respectable return potential (see the stock with the highest upside here).

On February 18, Fortuna Mining Corp. (NYSE:FSM) affirmed that it continues to capitalize on higher commodity prices depicted by record cash flow from operations. The company achieved a record $132.3 million in cash flow from ongoing operations in the fourth quarter.

Revenue in the quarter increased to $270.2 million, a significant improvement from $195.2 million in Q4 2024. Full-year revenue was up 40% to $947.1 million compared to $677.2 million in 2024. Attributable earnings per share in Q4 2025 surged to $0.22 compared to $0.05 delivered in the same quarter in 2024. Meanwhile, full-year attributable EPS surged 226% to $0.88.

During the year, Fortuna Mining Corp. returned $16.2 million to shareholders through buybacks and plans to return an additional $5 million in 2026 . The company also produced 248,882 ounces of silver in the fourth quarter and 966,108 for the full year, a drop from 1,176,543 ounces in 2024. The company also expanded mineral reserves at Séguéla by 31%.

Fortuna Mining Corp. (NYSE:FSM) is a Canadian-based, mid-tier precious metals producer focused on mining gold and silver, along with lead and zinc by-products.

9. Wheaton Precious Metals Corp. (NYSE:WPM)

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best silver stocks to watch for in 2026, with about 20% upside potential. On March 3, Wheaton Precious Metals Corp. (NYSE:WPM) awarded Cetos Water $1 million for a technology that converts mining wastewater into reusable water.

The $1 million award price recognizes a solvent-based approach to water management at mining sites. The technology has the potential to improve how water is used across mining sites as miners continue to explore ways of integrating sustainable solutions into core operations.

The $1 million award comes on the heels of the company delivering solid fourth-quarter and 2025 results supported by the strength of its diversified portfolio. Production came at the higher end of the annual guidance.

The company produced 22,434 ounces of silver at the higher end of the 20,500 to 22,500 ounces guidance. It also sold 19,7996 ounces of silver. For the current year, Wheaton Precious Metals Corp. expects silver production to average between 27,000 and 29,000.

Wheaton Precious Metals Corp. (NYSE:WPM) is a leading precious metals streaming company, providing upfront financing to miners in exchange for long-term contracts to buy metals such as silver, gold, palladium, and cobalt at fixed costs.