In this article, we will look at the 8 Best Silver Mining Stocks to Buy.
Silver price has pulled back from the record high of $121 an ounce reached early in the year. The precious metal has given back almost all the gains, trading at about $72 an ounce. The deep pullback came as the energy crisis from the Iran War raised concerns about inflation, consequently weighing on non-yielding precious metals.
Additionally, the deep pullback came as retail demand for the precious metal cooled off following strong upward price momentum last year. Silver stocks have also come down, tumbling after the silver price fell below $ 80 an ounce. Amid the heightened volatility, there is some relief around the corner.
JPMorgan Global Research expects silver prices to average $81 an ounce in 2026, more than double the 2025 average. The prices rose by 130% in 2025, driven by strong industrial demand amid uncertainty over tariffs. Strong Global demand, especially from China, is another factor that underscores Silver’s positive long-term outlook.
“With amplified Chinese investment demand significantly influencing price formation across the metals complex, we believe this remains another catalyst to watch in silver over the coming weeks. Ultimately, we are more cautious on re-engaging in silver in the near term until it becomes clearer that some of the recent froth in prices has been fully shaken out,“ said Gregory Shearer, head of Base and Precious Metals Strategy at J.P. Morgan.
In March, Chinese Silver demand surged to an all-time high, fueled by strong retail demand and the country’s massive solar industry. The country imported 836 tons, extending the strong run of inbound shipments.
Given the strong demand, the Silver Institute expects the global silver market to remain in a deficit for the sixth consecutive year. The deficit is expected to widen 15% to 46.3 million troy ounces in 2026
Given the positive outlook, characterized by strong demand, silver stocks look set to continue attracting strong interest. With that in mind, let’s take a look at some of the best silver mining stocks to buy.
Copyright: alexis84 / 123RF Stock Photo
Our Methodology
To select our 8 best silver mining stocks to buy, we used various ETFs, the Finviz stock screener, and financial media reports to research a wide range of US-listed silver mining companies. We looked for companies that are already producing silver or developing silver production properties. We ended up with dozens of stocks in our initial list and applied additional filters to pick out the best ones. We picked out stocks with at least 20% upside potential (as of April 29) and are favored by hedge funds. The hedge fund data was sourced from Insider Monkey’s database as of Q4 2025. Finally, we ranked the stocks based on their price upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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 Mining Stocks to Buy
8. Silvercorp Metals Inc (NYSEAMERICAN:SVM)
Stock Upside Potential: 22.13%
Number of Hedge Fund Holders: 22
Silvercorp Metals Inc (NYSEAMERICAN:SVM) is one of the best silver mining stocks to buy. This stock has gained more than 85% over the past six months and soared more than 210% over the past year.
On April 20, Roth/MKM lifted its price target on Silvercorp Metals Inc to $12.50 from $11.00 while reaffirming a Neutral rating on the stock. The firm revised its price target after Silvercorp released its fiscal Q4 2026 (ended March 31, 2026) operational highlights and issued fiscal 2027 (ending March 31, 2027) guidance. Silvercorp provided the highlights and guidance on April 16.
Regarding operational highlights, Silvercorp said it produced 1.5 million ounces of silver, 14 million pounds of lead, and 3.9 million pounds of zinc in fiscal Q4 2026. The company anticipates revenue of $147.4 million for the quarter, suggesting a 96% YoY growth. For fiscal 2026, the company produced 6.8 million ounces of silver and generated revenue of $438.1 million, indicating an increase of 47% over fiscal 2025.
In other operational updates, Silvercorp said construction of its Kuanping and El Domo mines continued to advance during Q4.
Looking ahead, Silvercorp expects to produce 6.8 million to 7.1 million ounces of silver and 9,500 to 10,000 ounces of gold in fiscal 2027. Also, it anticipates producing 62.7 million to 65.8 million pounds of lead and 22.3 million to 23.4 million pounds of zinc in fiscal 2027.
According to Roth/MKM, the recent rebound in the prices of silver and gold was a factor in its decision to raise the price target on Silvercorp stock.
Silvercorp Metals Inc, based in Canada, is a China-focused silver mining company. It is China’s top primary silver producer. It also produces other metals, including gold, lead, and zinc. Silvercorp has exploration and development projects in other countries outside China. The company was founded in 1991.
7. Skeena Resources Ltd (NYSE:SKE)
Stock Upside Potential: 27.75%
Number of Hedge Fund Holders: 16
Skeena Resources Ltd (NYSE:SKE) is one of the best silver mining stocks to buy. The stock has climbed more than 75% in the past six months and soared more than 145% over the past year.
Skeena Resources Ltd has recently moved to strengthen its cash position as it continues to advance its Eskay Creek gold-silver project in British Columbia. On April 10, the company announced the closing of its $750 million notes offering. The company said these notes mature in 2031, have an interest rate of 8.5%, and feature a semi-annual interest payment schedule.
Skeena plans to put proceeds from this offering to various uses. First, it will set aside $94 million to fund interest on the notes for the first three payment schedules. It will use around $184 million to buy back 67% of its gold stream agreement with Orion and affiliates. The gold-stream repurchase will reduce Skeena’s streaming obligation for the Eskay Creek mine to 3.52% of payable gold production from 10.55% for the life of the project.
Skeena plans to set aside around $470 million to fund remaining construction at its Eskay Creek mine and for other general corporate purposes.
The Eskay Creek mine in British Columbia is a gold and silver production project wholly owned by Skeena. On March 31, Skeena provided a status update showing that 49% of the project development had been completed. The company further said the project was on track to meet its production commencement schedule.
Skeena Resources Ltd is a Canadian mining company focused on gold and silver production. The company is developing the Eskay Creek gold-silver mine in the Golden Triangle area of British Columbia. Production at this mine is targeted for 2027.
6. Fortuna Mining Corp (NYSE:FSM)
Stock Upside Potential: 33.82%
Number of Hedge Fund Holders: 32
Fortuna Mining Corp (NYSE:FSM) is one of the best silver mining stocks to buy. The stock has gained around 58% over the past year.
On April 17, Fortuna Mining Corp detailed plans to repurchase up to 5% of its outstanding shares under a fresh buyback program. This program will commence on May 4, 2026, and remain in effect until May 3, 2027. During this period, Fortuna plans to buy back around 15.2 million shares of its stock.
The repurchased shares will be canceled, the management said. This is in keeping with the practice under Fortuna’s previous buyback program that is due to expire on May 1. Under the previous program, Fortuna bought back 3.4 million shares and subsequently canceled them.
While announcing the fresh buyback program, Fortuna noted that sometimes its shares trade at prices that do not reflect their underlying value. In light of this, the company’s board is convinced that buying back shares for cancellation would be a good use of corporate funds.
Fortuna exited 2025 with $704.0 million in total liquidity. That included $381.5 million in net cash, which increased sharply from $58.8 million at the end of 2024.
Notably, Fortuna’s fresh buyback program comes when the company’s cash position has strengthened and mineral reserves increased. At the end of March 2026, Fortuna’s proven and probable mineral reserve stood at 3.0 million gold equivalent ounces, representing a 15% YoY increase.
Fortuna Mining Corp, based in Canada, is a precious metals mining company operating in several countries in America and Africa. It has projects in Argentina, Côte d’Ivoire, Peru, and Senegal. The company was founded in 2005, and it was previously known as Fortuna Silver Mines Inc.
5. Newmont Corporation (NYSE:NEM)
Stock Upside Potential: 35.72%
Number of Hedge Fund Holders: 69
Newmont Corporation (NYSE:NEM) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. After Newmont‘s blowout Q1 2026 results, the Street sees the stock soaring higher. On April 24, BMO Capital boosted its price target on Newmont Corporation to $145 from $140 while keeping an Outperform rating on the stock. The firm cited Newmont’s strong start to the year and noted that the company is positioned to produce substantial cash flow and deliver solid returns through share repurchases this year.
BMO Capital observed that Newmont’s Q2 2026 production may drop slightly from the Q1 level. However, it noted the company’s efforts to manage costs and increase production in the back half of 2026 and beyond.
Newmont’s Q1 report, released on April 23, showed revenue grew from $5 billion a year ago to $7.31 billion and beat analysts’ expectations of $6.53 billion. Adjusted EPS came in at $2.90, surpassing the forecast of $2.18.
Newmont generated a record free cash flow of $3.1 billion in the quarter, supported by strong production and cost reduction. The company closed the quarter with $8.8 billion in cash and cash equivalents. The board approved an additional $6 billion in the share repurchase program.
Based in Colorado, Newmont Corporation is an American multinational mining company. Newmont is best known for its gold mining operations, but it also mines silver, zinc, copper, and lead. In addition to the US, Canada, and Mexico, the company operates mines in Australia, Peru, Ghana, and other countries.
4. McEwen Inc (NYSE:MUX)
Stock Upside Potential: 44.59%
Number of Hedge Fund Holders: 16
McEwen Inc (NYSE:MUX) is one of the best silver mining stocks to buy. The stock has soared more than 175% over the past 12 months. This surge has come as McEwen Inc looks to expand its production over the next few years. On April 15, McEwen Inc and Iconic Minerals announced that they were activating their 2004 agreement to form a joint venture on a gold mining project in Nevada.
It’s a 50-50 joint venture, so the company will fund project expenditures proportionally to their interests. At the heart of this joint venture is a 2,140-hectare property. It’s called the New Pass gold property, and it’s located in Churchill County, Nevada. The property is along a Carlin-type gold trend around three hours east of Reno. The joint venture’s initial program is exploration drilling. The New Pass property has large deposits of gold and silver.
During its Q4 2025 results release on March 12, McEwen said it was looking to boost its output to 250,000 – 300,000 gold-equivalent ounces by 2030 across its operations. Additionally, the company seeks to lower its costs and lengthen the life of its mines.
McEwen had $51 million in cash and equivalents at the end of 2025, compared to $13.7 million at the end of 2024.
McEwen Inc is a gold and silver producer. The company is headquartered in Toronto, Canada, and has assets in Canada, the US, Argentina, and Mexico. Its portfolio includes production mines and exploration projects, some wholly owned and others shared.
3. Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM)
Stock Upside Potential: 70.04%
Number of Hedge Fund Holders: 11
Avino Silver & Gold Mines Ltd is one of the best silver mining stocks to buy. The stock has soared more than 190% over the past 12 months.
On April 23, Avino Silver & Gold Mines Ltd reported its Q1 2026 production results. The report showed that in the first three months of 2026, Avino produced 263,057 silver ounces, 1,851 gold ounces, and 1,343,654 pounds of copper. That combined to a total of 568,112 silver equivalent ounces, the company said.
Commenting on the Q1 production report, Avino CEO David Wolfin said the results provide a strong foundation for the company to deliver on its annual production target. Wolfin added that in light of high silver prices, they expect 2026 revenue to significantly outperform expectations.
The company also reported steady progress at its La Preciosa property, saying it was on track with its production forecast for the year. Avino estimates its mineral reserve to be 127 million silver-equivalent ounces across its Avino and La Preciosa properties. It provided a breakdown of reserve estimates showing 95 million ounces of silver, 356,000 ounces of gold, 85 million pounds of copper.
Avino Silver & Gold Mines Ltd is a Canada-based mining company that produces silver, gold, copper, and other metals. Its main project is the Avino mine in Durango, Mexico. This mine is a high-grade silver and gold property. Avino Silver & Gold Mines was founded in 1968.
2. Endeavour Silver Corp (NYSE:EXK)
Stock Upside Potential: 79.03%
Number of Hedge Fund Holders: 32
Endeavour Silver Corp (NYSE:EXK) is one of the best silver mining stocks to buy. The stock has gained more than 150% over the past 12 months, and it still has more room to run. On April 9, H.C. Wainwright maintained a Buy rating on Endeavour Silver Corp stock with a price target of $17, which indicates a huge upside potential to the current stock price.
H.C. Wainwright renewed its bullish stance on Endeavour Silver stock following the release of the company’s Q1 2026 production results. Endeavour produced 1.88 million ounces of silver and 11,740 ounces of gold from its various mines in the first three months of 2026. Combined with base metals output, the company’s total production in Q1 stood at 3.3 million silver-equivalent ounces.
Endeavour CEO Dan Dickson noted that the robust production in Q1 lays a solid foundation for the rest of the year. The executive also highlighted steady performance and improved grades at the company’s Terronera in Mexico.
Endeavour demonstrated a judicious sale of its silver and gold. It said it sold slightly over 1.64 million ounces of silver and 10,942 ounces of gold in Q1. When silver and gold prices weakened at the end of Q1, management decided to temporarily hold bullion inventory.
H.C. Wainwright has highlighted Endeavour’s ability to take advantage of favorable commodity prices.
Canada-based Endeavour Silver Corp is a mid-tier silver producer. The company operates producing mines in Mexico and Peru. The company’s Guanacevi project in Mexico is located in Durango, and it’s a high-grade silver mine. The company is working to expand its business with exploration projects across Mexico, Chile, and the US.
1. Seabridge Gold Inc (NYSE:SA)
Stock Upside Potential: 150.97%
Number of Hedge Fund Holders: 18
Seabridge Gold Inc (NYSE:SA) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. On April 27, Seabridge Gold Inc announced that it will spin out its Courageous Lake gold project into a new company called Valor Gold Corp. Shareholders of Seabridge will receive shares in Valor, and a special meeting to approve this plan is scheduled for May 22, 2026, in Toronto.
Seabridge Gold is creating Valor Gold Corp to hold its Courageous Lake project in Canada’s Northwest Territories. All Seabridge shareholders will get Valor shares through a formal arrangement. This move is designed to give Courageous Lake its own identity and allow investors to see its value separately from Seabridge’s larger KSM project.
A special meeting will be held on May 22, 2026, at 10:00 a.m. EDT at the Fairmont Royal York Hotel in Toronto. Shareholders will vote on the spin-out plan. Seabridge’s CEO, Rudi Fronk, explained that Courageous Lake has been overshadowed by the KSM project and deserves its own valuation. By creating Valor, the project can be judged on its own merits. The new company will start with C$10 million in cash to fund exploration and development.
Valor will be led by mining veteran Mark Ashley as CEO, along with a strong management team and board. Ashley said Valor will build on Seabridge’s work and focus on expanding resources at Courageous Lake, aiming to unlock more value for shareholders. The project is one of Canada’s largest undeveloped gold deposits, with significant potential for growth.
Canada-based Seabridge Gold Inc is engaged in the acquisition, exploration, and development of mineral properties. The company says it has one of the world’s largest resource bases of gold, copper, and silver. Seabridge’s principal projects are located in Canada.
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