In this article, we will take a look at the 5 Best Performing Silver Stocks So Far in 2026. For a deeper discussion and an extended list, please see the 10 Best Performing Silver Stocks So Far in 2026.
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5. First Majestic Silver Corp. (NYSE:AG)
Year-to-date return as of May 21: 23.66%
First Majestic Silver Corp. (NYSE:AG) is among the Best Performing Stocks.
On May 12, First Majestic Silver Corp. (NYSE:AG) reported Q1 revenue rising 95% YoY to $476.7 million because of higher realized silver and gold prices. The company had net earnings of $128.1 million, or $0.26 per share, as well as adjusted net earnings of $151.7 million, or $0.31 per share.
Free cash flow reached $223.5 million after paying $95.5 million in taxes. Operating cash flow before working capital and taxes climbed to $310.6 million, jumping 182% year over year, while EBITDA grew to $306.8 million.
Mine operating earnings jumped to $266.6 million while throughput increased by 12%, which helped improve the lower cut-off grades, the firm said. It declared a quarterly dividend of $0.0171 per share, nearly four times higher YoY. The costs are expected to drop in the second half of the year.
First Majestic Silver Corp. (NYSE:AG) operates mineral properties in North America, with a concentration on silver and gold production.
4. BHP Group Limited (NYSE:BHP)
Year-to-date return as of May 21: 37.53%
On May 22, Bank of America downgraded BHP Group Limited (NYSE:BHP) to Neutral from Buy, keeping its price target unchanged at A$69, citing a “full” valuation alongside slowing demand in China and rising oil-linked macro risks tied to the Middle East conflict, the analyst said.
On May 13, Reuters reported that BHP Group Limited (NYSE:BHP) incoming Chief Executive Officer Brandon Craig said he will prioritize growth well beyond 2035 by increasing exploration, partnering with peers, and pursuing bolt-on acquisitions when they add value. Speaking at a Bank of America conference in Miami, he said the company’s “diversified model and strong balance sheet” helps it to act quickly if opportunities emerge.
Reuters added that Brandon Craig will assume the role on July 1.
During CEO Mike Henry’s tenure, BHP Group Limited (NYSE:BHP) attempted to acquire Anglo American to build up its copper dominance, most notably in late November. Anglo rejected a $49 billion deal from BHP in May 2024.
BHP Group Limited (NYSE:BHP) is involved in the exploration, development, production, and processing of iron ore, metallurgical coal, and copper. It operates in three segments: copper, iron ore, and coal.
3. New Pacific Metals Corp. (NYSEAMERICAN:NEWP)
Year-to-date return as of May 21: 41.98%
On May 18, Roth Capital raised its price target on New Pacific Metals Corp. (NYSEAMERICAN:NEWP) to $7.25 from $6. The firm retained a “Buy” rating while adjusting its model for higher silver prices and calling recent earnings “uneventful.” The firm views the company’s asset portfolio as undervalued.
On May 13, New Pacific Metals Corp. (NYSEAMERICAN:NEWP) reported a net loss of $0.87 million for the quarter and $3.20 million for the nine months ended March 31, while holding $39.28 million in working capital. Expenses edged higher, with operating costs at $1.58 million for the quarter. Investment income and foreign exchange gains contributed $0.29 million and $0.44 million, respectively.
The company said it signed a cooperation agreement with the Carangas community on February 23 to proceed with its silver-gold project while continuing to fund development across Silver Sand, Carangas, and Silverstrike.
New Pacific Metals Corp. (NYSE:NEWP) is a Canadian mining issuer that explores and develops precious metal deposits in Bolivia. It works through the Corporate, Silver Sand, Carangas, and Silverstrike segments.
2. Silvercorp Metals Inc. (NYSEAMERICAN:SVM)
Year-to-date return as of May 21: 46.64%
On May 22, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) reported that its board declared a semi-annual dividend of $0.0125 per share payable to shareholders of record on June 5, with payment scheduled on or before June 25. The company added that future dividends remain subject to board discretion based on commodity prices, market conditions, cash flow, and financial results.
On May 20, the firm announced that it had extended the mining license for its Tulkubash/Kyzyltash gold projects in Kyrgyzstan until June 25, 2062, after turning Chaarat ZAAV into a joint venture with Kyrgyzaltyn. Chaarat ZAAV holds a 70% interest, and Kyrgyzaltyn keeps a 30% free-carried stake. Silvercorp Metals Inc. (NYSEAMERICAN:SVM) stated that it had paid the Kyrgyz government $60 million and will pay a further $10 million after milestones are met, while also approving Phase 1 development for 2026-2027.
Chair and Chief Executive Officer Dr Rui Feng said the partnership aligns interests “to begin construction” and move toward production.
Silvercorp Metals Inc. (NYSEAMERICAN:SVM) is an acquisition, exploration, development and mining company with Environmental, Social and Governance practices. It works through the Mining and Administrative segments.
1. Gold Resource Corporation (NYSEAMERICAN:GORO)
Year-to-date return as of May 21: 53.57%
Gold Resource Corporation (NYSE:GORO) is the Best Performing Stock.
On May 7, Gold Resource Corporation (NYSE:GORO) said it produced and sold 8,749 gold equivalent ounces in the first quarter, including 1,548 ounces of gold and 374,232 ounces of silver. It also posted net income of $4.7 million, or $0.03 per share. Costs remained elevated, with total cash costs at $2,164 per ounce and all-in sustaining costs at $3,476.
Chief Executive Allen Palmiere said the company returned to “positive net income” while holding $40.2 million in working capital and $31.0 million in cash.
Production expanded sharply, with gold volumes rising by 126% and silver by 54% while tonnes milled increased 31%, the company said. Palmiere said that the firm is advancing a transaction with Goldgroup Mining expected to close in the third quarter.
Gold Resource Corporation (NYSE:GORO) works in the production of metal concentrates. It includes gold, silver, copper, lead and zinc, and doré containing gold and silver. It operates through the Oaxaca, Mexico, and Michigan, U.S.A segments.
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