In this article, we will look at the 7 Best Silver Mining Penny Stocks to Buy.
Silver mining penny stocks are smaller, more volatile miners or developers whose shares can move sharply when silver prices rise, but also fall hard when financing, permitting, production, or commodity prices disappoint. Still, the setup for silver has become more interesting as investors look at both its monetary role and its industrial demand applications.
A precious metals-related global asset manager, Sprott, says the silver bull case is being driven by a “structural supply deficit,” “growing industrial demand,” and “renewed investor interest.” The same report notes that the “global silver market is likely to remain in deficit” and that “silver mine supply has declined by 7% since 2016.” That gives smaller silver miners a stronger backdrop, since rising prices can improve project economics and investor appetite. In its Sprott Silver Miners & Physical Silver ETF fact sheet, the firm points to “silver producers, developers and explorers” and says “Companies upstream in the supply chain may be well-positioned.” WisdomTree adds that “Multiple years of deficits are expected to continue,” with “limited scope for higher mine output,” and says “silver prices are well-positioned to move higher.”
A tighter silver market can make even smaller producers and explorers more visible to investors looking for higher silver exposure. With that in mind, let’s take a look at the 7 Best Silver Mining Penny Stocks to Buy.
Our Methodology
We used the Finviz screener to identify silver stocks that are trading below $5 per share and belong to the small-cap space. We then 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.
Note: The companies below are not pure-play silver mining stocks. Even so, they maintain a notable presence in the silver mining space through various aspects of their business.
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7. Solitario Resources Corp. (NYSEAMERICAN:XPL)
On June 17, 2026, Solitario Resources Corp. (NYSEAMERICAN:XPL) announced that its 2026 Ponderosa drilling program is well advanced at its 100%-owned Golden Crest gold project in South Dakota. Drilling began in the second half of May, and four core holes have been completed in the Ponderosa area. Core samples from the first two holes have been shipped to the assay lab, while samples from the next two holes are being prepared for shipment. Initial assay results are expected in early August.
Solitario also said preparations are nearly complete for the first-ever drilling at its 100%-owned Cat Creek critical metals project in south-central Colorado. Cat Creek is located within the Climax-Henderson-Questa molybdenum porphyry belt. The project was originally discovered by Anaconda Copper in the early 1980s, but planned drilling did not proceed after company-wide exploration activities were shut down in early 1983. The property was never drill tested.
CEO Chris Herald said Solitario now has “two active drilling programs” with Ponderosa well advanced and Cat Creek drilling set to begin. The company is also advancing the drilling permit for its recently acquired Bright Angel copper-gold project in north-central Colorado. Solitario noted that all three active 100%-owned properties are located in the United States.
Solitario Resources Corp. (NYSEAMERICAN:XPL) engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America.
6. Integra Resources Corp. (NYSEAMERICAN:ITRG)
On June 25, 2026, Integra Resources Corp. (NYSE American: ITRG) announced results from its updated Technical Report Feasibility Study and Life-of-Mine Plan for the producing Florida Canyon Mine in Nevada. Less than two years after acquiring Florida Canyon for $68 million, Integra said it has turned the operation into a larger, longer-life asset, with a 74% increase in Proven and Probable Mineral Reserves, a 17% increase in annual gold production, and active mining extended through 2033.
The updated plan expects Florida Canyon to generate over $0.8 billion from gold production in after-tax free cash flow and total payable gold production of 685 thousand ounces over the life of mine, including 2 years of gold production from residual leaching starting in 2033. The report showed an after-tax net present value 5% of $601 M using base case metal prices and an after-tax NPV of ~$723 M using spot metal prices. Proven and Probable Mineral Reserves increased from 685 Koz Au in the 2024 Mineral Reserve Statement to 1.19 million ounces Au in the 2026 Mineral Reserve Estimate.
Earlier in June, Integra announced the appointment of Ausenco Engineering USA South Inc. as lead engineering partner for detailed engineering activities at the company’s DeLamar Project in southwestern Idaho. Ausenco retained SLR Consulting for heap leach engineering, metallurgy, and mine planning expertise. CEO George Salamis called the move a “major milestone,” noting that DeLamar is in the NEPA process and has the potential to support long-term economic growth and job creation in southwestern Idaho. The final Environmental Impact Statement and Record of Decision from the BLM are anticipated in the second half of 2027.
Integra Resources Corp. (NYSEAMERICAN:ITRG) explores and develops gold and silver mineral properties in the Great Basin of the Western United States.
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