In this article, we will discuss: 15 Best Performing Silver Stocks to Buy.
According to a BBC story on January 19, 2026, silver prices reached a nearly all-time high on Monday as investors looked for secure investments. It was right after U.S. President Donald Trump’s warning of new tariffs on several European countries. As worries about growing trade and geopolitical tensions related to the Greenland issue intensified, the white metal reached a peak of $94.08 per ounce. Silver has benefited from its defensive appeal as precious metals have gone up over the past year despite uncertainty. The report claims that China’s declaration of limitations on silver exports has also contributed to the rise.
The next day, silver reached a record high, pushing beyond $95 an ounce for the first time, as reported by Reuters on January 20, 2026. However, gains were ultimately reversed later in the session. After hitting an all-time high of $95.87 earlier in the day, spot silver fell 0.3% to $94.38 per ounce by late trade. The white metal has seen a dramatic increase in recent years, rising over 32% so far in 2026 and gaining over 147% in 2025.
With that said, here are the 15 Best Performing Silver Stocks to Buy.
Photo by Scottsdale Mint on Unsplash
Methodology:
We used Finviz to screen silver stocks and selected the best performers based on their one-year performance. We have only included stocks that have a return of over 20%. We also included the number of hedge fund holders for each stock as of Q3 2025 and sourced the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of the 1-year 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
15. Freeport-McMoRan Inc. (NYSE:FCX)
1 year return: 54.98%
Number of Hedge Fund Holders: 83
Freeport-McMoRan Inc. (NYSE:FCX) is among the Best Performing Stocks.
On January 8, 2025, TheFly reported that JPMorgan analyst Bill Peterson maintained an Overweight rating on the shares. It also lifted the price target for Freeport-McMoRan Inc. (NYSE:FCX) to $68 from $58. In a Q4 preview, the company modified ratings and goals for the North America base metals segment. Targets were raised in order to reflect better forward pricing. JPMorgan still prefers copper to aluminum, citing a declining currency and supply interruptions.
On January 13, 2026, Wells Fargo kept its Overweight rating and boosted its price objective for Freeport-McMoRan Inc. (NYSE:FCX) from $55 to $64. The company forecasts a year for copper and aluminum in 2026, noting restricted new supply in the first half of the year. Wells sees the possibility of midyear concessions during USMCA discussions, but it does not anticipate a reversal of Trump’s 50% tariffs on imported steel and aluminum. The corporation identified issues such as substitution and demandless recovery.
The stock is up by 54.98% in the past 12 months, as of January 22, 2026.
Freeport-McMoRan Inc. (NYSE:FCX) mines copper, gold, molybdenum, and silver.
14. Dolly Varden Silver Corporation (NYSE:DVS)
1 year return: 106.20%
Number of Hedge Fund Holders: 5
Dolly Varden Silver Corporation (NYSE:DVS) is among the Best Performing Stocks.
Dolly Varden Silver Corporation (NYSE:DVS) and Contango Ore signed an arrangement agreement to merge in a merger of equals under a statutory plan of arrangement, as reported by TheFly on December 8, 2025. After everything is finished, each company’s stockholders will control around 50% of MergeCo on a fully diluted in-the-money basis. The merged business will own the Manh Choh gold mine in Alaska as well as a number of silver and gold prospects in British Columbia and Alaska, such as Johnson Tract and Kitsault Valley. It is anticipated that MergeCo will be renamed Contango Silver & Gold Inc., with Mike Clark serving as CFO and EVP, Rick Van Nieuwenhuyse as CEO, and Shawn Khunkhun as President. Closing is anticipated in late February or early March 2026, and there will be a $15 million reciprocal termination charge.
According to the company, the 2025 exploration program at Kitsault Valley completed 56,131 meters in 84 drill holes, focusing on new prospects as well as Wolf and Homestake Silver deposits.
The stock is up by 18.58% YTD as of January 21, 2026.
Dolly Varden Silver Corporation (NYSE:DVS) is a mineral exploration business.
13. Wheaton Precious Metals Corp. (NYSE:WPM)
1 year return: 144.7%
Number of Hedge Fund Holders: 38
Wheaton Precious Metals Corp. (NYSE:WPM) is among the Best Performing Stocks.
On December 10, 2025, TheFly announced that RBC Capital boosted WPM price objective from $115 to $130. It elevated Wheaton Precious Metals Corp. (NYSE:WPM) from Sector Perform to Outperform. The firm provided updated assumptions for precious metals. According to RBC, the royalty group is well protected from guideline season risks entering the first quarter and is trading at excellent valuation levels when compared to producers. Furthermore, the analyst noted its anticipated remarkable expansion in the years to come.
On December 7, 2025, Jefferies maintained its Buy recommendation and boosted its price objective for Wheaton Precious Metals Corp. (NYSE:WPM) from $137 to $145. The update was included in the company’s 2026 preview for the mining and metals division. Jefferies stated that it stays bullish on gold companies due to their favorable values, but has become more cautious on copper stocks. The company anticipates that in 2026, compared to 2025, gold companies will improve their margins and free cash flow. The top options for gold were Barrick Mining, Alamos Gold, and Royal Gold.
Wheaton Precious Metals Corp. (NYSE:WPM) is a precious metals streaming corporation.
12. Fortuna Mining Corp. (NYSE:FSM)
1 year return: 165.3%
Number of Hedge Fund Holders: 22
Fortuna Mining Corp. (NYSE:FSM) is among the Best Performing Stocks.
On January 16, 2026, TheFly reported that BMO Capital retained its Outperform rating and lifted its price objective for Fortuna Mining Corp. (NYSE:FSM) from C$15 to C$17. The update was released on January 16, 2026, by analyst Kevin O’Halloran.
On January 15, 2026, Fortuna Mining Corp. (NYSE:FSM) stated that it would produce between 281,000 and 305,000 ounces of gold equivalent in 2026. Growth is anticipated to be boosted by higher output at the Seguela Mine, which will be somewhat offset by lower production at Caylloma as a result of the consequences of gold-to-base-metal conversion. The estimated price per ounce of consolidated AISC is between $1,830 and $1,975. Higher royalties of around $30 per ounce, assuming $3,750 gold, metal price impacts at Caylloma of about $60 per ounce, and a higher cost base at Seguela account for the growth over 2025. Higher gold production at Seguela and decreased cash costs at Lindero partially mitigated these challenges.
Fortuna Mining Corp. (NYSE:FSM) is a Canadian precious metals mining corporation with gold and silver-producing mines in West Africa and Latin America.
11. Pan American Silver Corp. (NYSE:PAAS)
1 year return: 182.14%
Number of Hedge Fund Holders: 38
Pan American Silver Corp. (NYSE:PAAS) is among the Best Performing Stocks.
TheFly reported on December 7, 2025, that Jefferies kept its Hold rating on Pan American Silver Corp. (NYSE:PAAS) and lifted its price target to $50 from $42. The update was included in the company’s metals and mining outlook for 2026. As reported by Jefferies, it is still optimistic about gold stocks because of their attractive prices and anticipates that gold businesses will increase their margins and free cash flow in 2026 as opposed to 2025. The business is more cautious about copper stocks due to valuations. Hudbay was Jefferies’ top choice for copper, and Barrick Mining, Alamos Gold, and Royal Gold were its top choices for gold.
On December 1, 2025, Pan American Silver Corp. (NYSE:PAAS) published a year-end exploration update for 2025 that included information on Jacobina, El Peñon, La Colorada, Huaron, Timmins, Minera Florida, and Cerro Moro. Potential resource extension north of the Maricota deposit was confirmed by drilling at Jacobina. Drilling at El Peñon revealed new mineralized structures, such as the Dominadora vein. Drilling at La Colorada produced strong widths and grades. 333,830 meters dug, or 70% of the 540,000 meters scheduled for 2025, were included in the update.
Pan American Silver Corp. (NYSE:PAAS) is a mining company that primarily operates, develops, and explores properties and assets that produce silver and gold.
10. Newmont Corporation (NYSE:NEM)
1 year return: 194.24%
Number of Hedge Fund Holders: 74
Newmont Corporation (NYSE:NEM) is among the Best Performing Stocks.
According to TheFly, Citi lifted Newmont Corporation (NYSE:NEM)’s price goal from $104 to $118 and kept its Buy rating on January 12. Updated company guidelines and commodity price estimates are reflected in the modification. After a notable surge, Citi declared that it is neutral on gold prices and anticipates moderation throughout the year. The company predicts that in 2026, the average price of an ounce of gold will be $3,925. Furthermore, Citi anticipates that the corporation’s attributable output in 2025 will be close to the middle of its guidance range.
Raymond James upgraded their price target for Newmont Corporation (NYSE:NEM) from $99 to $111 on December 29, 2025. An Outperform rating was reaffirmed. The company revised its estimates for gold prices in the fourth quarter, which led to an alteration to its valuation. The anticipated rise is in line with the revised Q4 projections that Raymond James included in the company’s financial forecast.
Newmont Corporation (NYSE:NEM) is one of the world’s biggest gold mining companies. Newmont also generates significant amounts of copper, silver, zinc, and lead as byproducts.
9. Skeena Resources Limited (NYSE:SKE)
1 year return: 199.7%
Number of Hedge Fund Holders: 12
Skeena Resources Limited (NYSE:SKE) is among the Best Performing Stocks.
TheFly reported on December 16, 2025, that Canaccord lifted the price target for Skeena Resources Limited (NYSE:SKE) from C$30 to C$40. It kept the shares’ rating at Speculative Buy.
Skeena Resources Limited (NYSE:SKE) declared on December 15, 2025, that the impact-benefit agreement for the construction and management of the Eskay Creek gold and silver project has been approved by the Tahltan Nation. The agreement creates a framework for shared advantages, including financial involvement in the project, training and education programs, and business and employment prospects for Tahltan individuals and businesses. The Tahltan Nation has contributed to the project’s direction by discussing economic, cultural, and environmental concerns, as stated by the company. The corporation stated that the arrangement is meant to foster a long-term relationship connected to the Eskay Creek project.
The stock is up by 18.51% YTD, as of January 19, 2026.
Skeena Resources Limited (NYSE:SKE) is a mining corporation.
8. Seabridge Gold Inc. (NYSE:SA)
1 year return: 202.5%
Number of Hedge Fund Holders: 13
Seabridge Gold Inc. (NYSE:SA) is among the Best Performing Stocks.
A year-end 2025 update on partnership, project, exploration, and permitting developments was given by Seabridge Gold Inc. (NYSE:SA) on December 18, 2025. Three joint venture finalists at KSM finished site visits in Q3, and discussions are moving closer to a finalized partner. Field efforts included 8,500 meters of geotechnical drilling in 117 holes, paving the way for a feasibility study. The Treaty Creek Terminal power connection construction milestones have been accomplished. The company’s peak site employment exceeded 260 personnel, and it reported zero reportable environmental issues. A porphyry system at Snip North was identified by 24,225 meters of drilling at Iskut, which included 820 meters grading 0.66 g/t gold and 0.14% copper. An estimate of the resources is scheduled for early 2026.
On December 16, 2025, Seabridge Gold Inc. (NYSE:SA) also declared that it would spin out its fully owned Courageous Lake project as Valor Gold and distribute shares to investors. Courageous Lake contains 3.3 million inferred ounces of gold in addition to 11.0 million measured and indicated ounces.
Seabridge Gold Inc. (NYSE:SA) is a growing business that explores and develops gold properties in North America.
7. McEwen Inc. (NYSE:MUX)
1 year return: 217.5%
Number of Hedge Fund Holders: 16
McEwen Inc. (NYSE:MUX) is among the Best Performing Stocks.
Roth Capital boosted McEwen Inc. (NYSE:MUX)’s price objective from $21 to $23 on December 17, 2025, as reported by TheFly. It kept its Buy rating on the stock. The firm noted the El Gallo Mine Environmental Impact Assessment’s extension, which permits the Fenix project’s completion. Following the permitting extension, Roth included the mine in its production model, which will commence in mid-2027.
McEwen Inc. (NYSE:MUX) stated on December 16, 2025, that it was granted permission by the Mexican government to extend the El Gallo Environmental Impact Assessment, allowing Phase 1 mill construction. The first gold pour is anticipated in mid-2027, with construction scheduled for mid-2026. Phase 1 is anticipated to use already mined leach pad material to generate roughly 20,000 gold equivalent ounces per year. The remaining capital costs are projected at $25 million. The ball mill was bought by the corporation and put on location. In-situ silver reserves are being accessed through phase 2 planning, which may prolong the mine’s life beyond the first ten years. It is anticipated that development and exploratory expenses will be minimal.
McEwen Inc. (NYSE:MUX) is a mining and minerals production and exploration firm that concentrates on precious and basic minerals in Argentina, Mexico, and the United States.
6. SSR Mining Inc. (NASDAQ:SSRM)
1 year return: 232.9%
Number of Hedge Fund Holders: 24
SSR Mining Inc. (NASDAQ:SSRM) is among the Best Performing Stocks.
On January 14, 2026, TheFly reported that UBS analyst Levi Spry boosted SSR Mining Inc. (NASDAQ:SSRM)’s price objective from $31.50 to $34.50 and retained the shares’ Buy rating.
According to the firm, 102,673 gold equivalent ounces were produced in the last quarter at a cost of sales of $1,585 per payable ounce and all-in operating costs of $2,359 per payable ounce, or $2,114 without Çöpler. Production has reached 326,940 gold equivalent ounces YTD as of November 4, 2025. Shareholders received $65.4 million in net income, or $0.31 per diluted share, with an operating cash flow of $57.2 million and a negative free cash flow of $2.4 million.
There were $409.3 million in cash and cash equivalents and $909.3 million in total liquidity. Hod Maden spending stood at $44.4 million YTD as of November 4, 2025, with full-year development capital estimated to range between $60 and $100 million. Production for the entire year 2025 was anticipated to be between 410,000 and 480,000 gold equivalent ounces.
SSR Mining Inc. (NASDAQ:SSRM) is a minerals firm that specializes in mining precious metals throughout the Americas.
5. New Pacific Metals Corp. (NYSE:NEWP)
1 year return: 244.2%
Number of Hedge Fund Holders: 8
New Pacific Metals Corp. (NYSE:NEWP) is among the Best Performing Stocks.
On January 15, 2026, TheFly reported Raymond James increased New Pacific Metals Corp. (NYSE:NEWP) price objective from C$5.50 to C$6.15 and retained an Outperform rating. The firm’s mining sector update included the price objective increase. In the base metals complex, Raymond James reaffirmed its preference for copper, citing growing medium- to long-term supply shortages.
BMO Capital began covering New Pacific Metals Corp. (NYSE:NEWP) on December 5, 2025, with a C$6 price goal and an Outperform rating. The company has two significant silver development projects in Bolivia that are moving along with the regulatory process, as stated by analyst Kevin O’Halloran. As noted by BMO, a share re-rating may result from allowing progress.
Positive developments at the Silver Sand silver project in Bolivia and the Carangas silver-gold project were reported by the corporation on December 4, 2025. As per the firm, 2025 showed a change to a more proactive strategy for moving both projects closer to production by interacting with regional and federal governments, mining industry associations, and local populations. The newly elected Bolivian administration expressed support for international investment in the mining industry, the business added.
New Pacific Metals Corp. (NYSE:NEWP) is a Canadian mining issuer that explores and develops precious metal deposits in Bolivia.
4. Endeavour Silver Corp. (NYSE:EXK)
1 year return: 279.4%
Number of Hedge Fund Holders: 18
Endeavour Silver Corp. (NYSE:EXK) is among the Best Performing Stocks.
On January 19, 2026, BMO Capital analyst Kevin O’Halloran upgraded Endeavour Silver Corp. (NYSE:EXK)’s price objective to C$17 from C$15.50. It retained an Outperform rating, based on a report published by TheFly. According to the corporation, its 2026 projection is generally negative, citing lower-than-expected production and higher-than-expected costs. Based on the research report, the analyst pointed out that Endeavour Silver still has one of the best growth profiles in the silver industry.
The company published production guidelines for Terronera, Guanacevi, and Kolpa for 2026 on January 16, 2026. It is anticipated that 8.3 million to 8.9 million ounces of silver and 46,000 to 48,000 ounces of gold would be produced. Kolpa is expected to generate 650-750 tons of copper, 16,000-18,000 tonnes of zinc, and 22,000-24,000 tonnes of lead. The combined output of the three mines is expected to be 14.6 million to 15.6 million silver equivalent ounces in the 2026 operating year.
Endeavour Silver Corp. (NYSE:EXK) is a Canadian mineral business that evaluates, acquires, explores for, develops, and exploits precious metal resources in Mexico and Chile.
3. Silvercorp Metals Inc. (NYSE:SVM)
1 year return: 298.71%
Number of Hedge Fund Holders: 21
Silvercorp Metals Inc. (NYSE:SVM) is among the Best Performing Stocks.
Silvercorp Metals Inc. (NYSE:SVM) price objective was raised by BMO Capital analyst Kevin O’Halloran to C$17.50 from C$13 on January 16, 2026, as reported by TheFly. The firm continued to rate the shares as Outperform.
Raymond James boosted its price estimate for Silvercorp Metals Inc. (NYSE:SVM) from C$11 to C$17 on January 15, 2026. The firm’s Outperform rating was reaffirmed. Expectations of medium- to long-term copper supply shortages within the basic metals complex were reflected in the adjustment, which was a component of a broader mining review.
On December 15, 2025, Roth Capital elevated Silvercorp Metals Inc. (NYSE:SVM) price objective from $8.25 to $9 and retained a Buy rating. The firm revised its projections for the fourth quarter of 2025 and beyond, noting alignment with current market conditions and volatility in the cycles of gold and silver prices.
2. First Majestic Silver Corp. (NYSE:AG)
1 year return: 328.8%
Number of Hedge Fund Holders: 20
First Majestic Silver Corp. (NYSE:AG) is among the Best Performing Stocks.
According to TheFly, on January 16, 2026, BMO Capital maintained a Market Perform rating and lifted First Majestic Silver Corp. (NYSE:AG)’s price objective from C$22 to C$26.
After year-end production statistics were released, H.C. Wainwright reaffirmed its Buy rating on the stock and increased its price goal from $17.50 to $24.50 on the same day.
Attributable output for the fourth quarter of 2025 was 7.8 million silver equivalent ounces, which included 4.2 million ounces of silver, 41,417 ounces of gold, 14.2 million pounds of zinc, 8.1 million pounds of lead, and 235,886 pounds of copper. Silver production grew 77% year on year, whereas silver equivalent production jumped 37%. Production for 2025 totaled 31.1 million silver equivalent ounces, comprising 15.4 million ounces of silver and 147,433 ounces of gold, above expectations. In Q4, the corporation recorded a 0.55 TRIFR, sold the Del Toro mine for up to $60 million, and completed 57,305 meters of drilling.
First Majestic Silver Corp. (NYSE:AG) produces, develops, explores, and acquires mineral properties in North America, with a concentration on silver and gold production.
1. Hecla Mining Company (NYSE:HL)
1 year return: 472.6%
Number of Hedge Fund Holders: 25
Hecla Mining Company (NYSE:HL) is among the Best Performing Stocks.
Hecla Mining Company (NYSE:HL) announced on December 1, 2025, that the Polaris Exploration Project in Nevada’s Aurora Mining District has received a Finding of No Significant Impact and Decision Notice from the U.S. Forest Service. It permits exploration to commence in 2026. Following an environmental study by the Bridgeport Ranger District, approval was granted on November 20, 2025. In the past, the Aurora district produced 20 million ounces of silver and 1.9 million ounces of gold, with an average of 2.24 ounces of gold per ton from underground grades. Several high-grade epithermal vein systems, including deeper targets Brawley Peak, Sawtooth Ridge, and Polaris, as well as near-surface targets Martinez, Juniata, and Ann, will be tested in the 2026 program. The site has substantial private land and a 600-ton-per-day mill.
Hecla Mining Company (NYSE:HL) reported last quarter revenue of $409.5 million, $100.6 million in net income, and $195.7 million in EBITDA for the previous quarter. The total cash flow from operations was $148 million, with free cash flow of $90.1 million. Net leverage fell to 0.3x, with $133.9 million in cash.
Hecla Mining Company (NYSE:HL) mines and explores silver, gold, zinc, and other metals.
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