In this article we will list the 5 Best Silver Stocks to Watch for in 2026. Please visit 10 Best Silver Stocks to Watch for in 2026 if you’d like to see an extended list and how we came up with the list of stocks.
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. (NYSE:NEWP)
New Pacific Metals Corp. (NYSE: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. (NYSE: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. (NYSE: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. (NYSE:VZLA)
Vizsla Silver (NYSE: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 (NYSE: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. (NYSE: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.
While we acknowledge the potential of Vizsla Silver Corp. (NYSE:VZLA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VZLA and that has 100x upside potential, check out our report about the cheapest AI stock.
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