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.
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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.
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.
8. Silvercorp Metals Inc. (NYSEAMERICAN:SVM)
Silvercorp Metals Inc. (NYSEAMERICAN:SVM) is one of the best silver stocks to watch for in 2026, with analysts seeing roughly 29% upside in the stock. On February 9, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) delivered solid third-quarter fiscal 2026 results characterized by record ore mined as it benefited from ongoing mine mechanization and greater use of cost-efficient shrinkage mining.
The company produced 1.9 million ounces of silver, representing a 2% year-over-year decrease due to lower head grades, and 2096 ounces of gold. Nevertheless, the company’s third-quarter revenue was up 51% year over year to $126.11 million, as revenue for the first nine months of fiscal 2026 increased 30% to $290.78 million. Silvercorp Metals realized silver pricing of $49 million, with the precious metal accounting for 72% of total quarterly revenue.
Adjusted earnings for the quarter totaled $47.93 million, or $0.22 a share, a significant increase from $21.96 million, or $0.10 a share, delivered in the same quarter last year. On the other hand, capital expenditure in the quarter surged 75% to $44.3 million due to ongoing construction of the EL domo project and the Kuanping mine. However, the company ended the year with a record free cash flow of $89.6 million from $69 million in the third quarter of fiscal 2025.
Silvercorp Metals Inc. (AMEX:SVM) is a Vancouver-based Canadian mining company that acquires, explores, develops, and operates high-grade silver-lead-zinc underground mines. Primarily operating in China’s Ying Mining District and Guangdong Province, the company produces silver-bearing concentrates while expanding into gold and copper, with new projects in Ecuador.
7. Pan American Silver Corp. (NYSE:PAAS)
Pan American Silver Corp. (NYSE:PAAS) is one of the best silver stocks to watch for in 2026. On March 3, Pan American Silver Corp. (NYSE:PAAS) announced positive drill results at the La Colorada mine in Zacatecas, Mexico, following exploration activities between November 2025 and January 2026.
The results confirm four new veins—Filomena, Nicolasa, Bernardina, and Josefina—in the southeastern Candelaria zone. Exploration shows hole S-161-25 intersected 1.03 meters at 9,730 grams per tonne silver and 6.19 grams per tonne gold in the Cristina vein. Other drill holes had silver assays over 1,000 grams per tonne. These results will be included in the mineral reserve and resource update on June 30, 2026.
The positive exploration results follow Pan American Silver’s strong fourth quarter 2025, beating both earnings and revenue estimates. Earnings per share were $1.11 versus the expected $0.85. Revenue reached $1.18 billion, exceeding the $1.1 billion expected, highlighting robust exploration and mining performance.
Pan American Silver Corp. (NYSE:PAAS) based in Vancouver, explores, develops, and operates silver and gold mines across the Americas, focusing on long-life reserves and sustainable, high-margin production.
6. Coeur Mining, Inc. (NYSE:CDE)
Coeur Mining, Inc. (NYSE:CDE) is one of the best silver stocks to watch for in 2026, with more than 20% upside potential. On February 24 at the 35th BMO Global Metals, Mining & Critical Minerals Conference, CEO Mitchell Krebs reiterated that the company’s focus is on enhancing cash flow and operational efficiency. The sentiments follow record fourth-quarter and full-year 2025 financial results, characterized by a tenfold increase in full-year GAAP net income to $586 million.
Coeur Mining, Inc. (NYSE:CDE) achieved record revenue of $675 million in the fourth quarter and cash flow from operating activities of $375 million. It also achieved record quarterly EBITDA of $425 million and record net income from continuing operations of $227 million or $0.35 a share.
Full-year revenue totaled $2.1 billion and adjusted net income from continuing operations of $493 million, or $0.80 per share. The better-than-expected results were driven by full-year production of 419,046 ounces of gold and 17.9 million ounces of silver, representing year-over-year increases of 23% and 57%. The company repurchased $2.3 million of shares in Q4 and $9.6 million for the full year.
“Following the expected close of our acquisition of New Gold in the first half of 2026, the addition of the New Afton and Rainy River operations in Canada will further enhance our emergence as a new precious metals mining leader at just the right time. On a combined basis, we expect to generate approximately $3 billion of EBITDA and $2 billion of free cash flow from our seven North American operations while remaining a top five global silver producer,” said Krebs.
Coeur Mining, Inc. (NYSE:CDE) is a Chicago-based, U.S.-focused precious metals producer that explores for, develops, and operates gold and silver mines in North America. It operates a diversified portfolio, including the Rochester (NV), Kensington (AK), Wharf (SD), Palmarejo (Mexico), and Las Chispas (Mexico) mines.
5. Hecla Mining Company (NYSE:HL)
Hecla Mining Company (NYSE:HL) is one of the best silver stocks to watch for in 2026, with about 28% upside potential. On March 2, 2026, EnviroGold Global announced it had finished Phase 2 test work on tailings from Hecla Mining Company (NYSE:HL)’s Greens Creek Mine in Alaska. The results showed very high recovery rates, over 98% silver and 99% gold, using EnviroGold’s NVRO Process. This confirms the potential to unlock significant value from Hecla’s tailings while reducing long-term environmental risks.
Separately, on February 17, Rob Krcmarov, President and Chief Executive Officer, reiterated that Hecla Mining Company (NYSE:HL) is coming off a transformational year, marked by strong operational and financial results across key segments.
In 2025, the company’s balance sheet improved significantly, positioning it to invest in value surface initiatives and a best-in-class project pipeline. The company achieved record revenue of $1.4 billion in 2025, up 53% year over year. It also bounced to record profitability, with net income of $321 million, or $0.49 a share. Adjusted EBITDA for the year came in at a record high of $670 million.
Fourth quarter sales totaled $448.11 million up from $245.1 million for the same quarter in 2024. Net income improved to $134.27 million compared to $1.6 million in Q4 2024. The record fourth quarter and full year results were driven by the company producing 17 million ounces of silver, which were up 5% year over year and at the top end of guidance
”All three silver operations delivered strong results – Lucky Friday achieved record production, Keno Hill reached a significant milestone, achieving its first full year of profitability under Hecla’s ownership, and Greens Creek continued generating substantial cash flow. All while safety performance improved 13% company-wide,” Krcmarov said.
Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the U.S. and Canada, also producing gold, lead, and zinc. It operates mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Canada (Casa Berardi, Keno Hill), focusing on exploration and sustainable mining.
4. SSR Mining Inc. (NASDAQ:SSRM)
SSR Mining Inc. (NASDAQ:SSRM) is one of the best silver stocks to watch for in 2026, with about 38% upside potential. On March 5, BMO Capital analysts upgraded SSR Mining Inc. (NASDAQ:SSRM) to an Outperform from Market Perform and raised the price target to C$41 from C$27.
The upgrade is in response to the company’s announcement of the sale of its Copler mine in Turkey for $1.5 billion in cash. Following the sale, SSR Mining is to conduct a review of its remaining platform in Turkey, which includes a 20% interest in the Hod Maden development.
The company secured a significant sale price that is three times more than the $472 million in net asset value of the mine. In addition, the sale removes a layer of uncertainty around the potential restart of activities at the Copler mine, which had put an overhang on the stock. The company was forced to suspend operations at the mine in 2024 after a landslide resulted in nine miners missing.
BMO Capital insists the $1.5 billion is poised to strengthen SSR Mining Inc.’s (NASDAQ:SSRM) balance sheet, paving the way for the company to focus on other key assets in the US. Last year, the company expanded its American presence with the acquisition of CC&V.
SSR Mining Inc. (NASDAQ:SSRM) is an intermediate precious metals producer that acquires, explores, develops, and operates mining assets in the USA, Canada, and Argentina. It operates key mines like Marigold, Seabee, and Puna, and recently acquired the CC&V gold mine in Colorado. The company focuses on extracting gold, silver, copper, and zinc.
3. New Pacific Metals Corp. (NYSEAMERICAN:NEWP)
New Pacific Metals Corp. (NYSEAMERICAN:NEWP) is one of the best silver stocks to watch in 2026, with more than 15% upside potential. On February 23, New Pacific Metals Corp. (NYSEAMERICAN:NEWP) confirmed it has made significant progress as it seeks to kick-start operations at the Carangas silver-gold project in Bolivia’s Oruro Department.
The company signed a Framework Agreement with the local community outlining terms and commitments. The agreement includes fixed annual contributions to a community development fund tied to project stages, as well as a community resettlement plan for relocating Carangas village.
Following the agreement, New Pacific Metals will commence a feasibility study upon the grant of mining permits and conduct infill drilling to upgrade resources. Exploration will target deeper zones and new targets. The company boasts a solid balance sheet that allows it to meet its commitments and accelerate the exploration and drilling activities.
Earlier on February 11, the company delivered disappointing financial results for the three months and six months ended December 31, 2025. The company posted a net loss of $1.58 million or $0.01 a share and a loss and $2.33 million or $0.01 a share for the three and six months. It was a significant increase from a net loss of $0.74 million and $2 million for the three and six months ended December 31, 2024.
New Pacific Metals Corp. (NYSEAMERICAN:NEWP) is a Canadian mining company developing precious metal projects in Bolivia, primarily focused on its flagship Silver Sand project, and also active at Carangas and Silverstrike.
2. Endeavour Silver Corp. (NYSE:EXK)
Endeavour Silver Corp. (NYSE:EXK) is one of the best silver stocks to watch for in 2026, with more than 40% upside potential. On March 2, analysts at H.C Wainwright reiterated a Buy rating on Endeavour Silver Corp. (NYSE:EXK) and hiked the price target to $17 from $14.50.
The price target was increased after strong revenue results, demonstrating the company’s focus on capitalizing on current commodity prices. 2025 revenue more than doubled to $467.5 million from $217.6 million in 2024, reflecting 115% year-over-year growth.
The company reported a wider-than-expected net loss of $119.1 million, or $0.42 a share, compared to $31.5 million, or $0.13 a share, in 2024. The increased net loss was due to a $126.2 million derivatives loss. However, H.C. Wainwright analysts expect profitability in 2026 with earnings of $0.31 per share.
Profitability should return as activities at the Terronera mine ramp up. Management also plans improvements at Minera Kolpa following the sale of Bolanos.
Endeavour Silver Corp. (NYSE:EXK) is a Canadian mid-tier mining company focused on acquiring, developing, and operating silver-gold mines in the Americas, with projects in Mexico such as Guanacevi, Bolanitos, Terronera, and Pitarrilla.
1. Vizsla Silver Corp. (NYSEAMERICAN:VZLA)
Vizsla Silver (NYSEAMERICAN:VZLA) is one of the best silver stocks to watch for in 2026, with more than 80% upside potential—the highest on our list. On March 5, Vizsla Silver (NYSEAMERICAN:VZLA) confirmed the death of two additional workers with three still missing, following an attack in the Mexican state of Sinaloa.
In late January, 10 of the company’s workers were abducted from the Panuco project in Mexico. The 10 were kidnapped from a silver miner in an area under the control of “Los Chapitos,” a faction of the Sinaloa cartel.
The attack has already prompted analysts at National Bank Financial to downgrade the stock to Sector Perform from Outperform. The downgrade comes amid concerns that insecurity in one of the company’s key silver mines poses significant risks to its outlook.
The attack has also forced a change of focus to supporting the affected people and collaborating with government agencies. Initially, Vizsla had priced a $250 million of convertible senior notes. The company plans to use net proceeds from the offering to finance exploration and development works at the Panuco project.
Vizsla Silver Corp. (NYSEAMERICAN:VZLA) is a Canadian mineral exploration and development company focused on advancing its 100%-owned Panuco silver-gold project in Sinaloa, Mexico, toward production. The company is developing what is considered a high-grade, large-scale, and potentially world-class district-scale asset, aiming for first production in late 2027.
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