We recently published a list of 10 Best Junior Silver Mining Stocks to Buy According to Analysts. In this article, we are going to take a look at where Pan American Silver Corp. (NYSE:PAAS) stands against other best junior silver mining stocks to buy according to analysts.

Silver not only plays a key role in the global industry, it is also considered an investment asset. Although gold is considered a top alternative investment, silver is much more significant due to its multifaceted usage. It is used for various purposes, including but not limited to solar panels, and electric vehicles. Silver’s position has strengthened even more in 2025 due to elevated industrial demand, economic uncertainty, and changes in monetary policies.

During the previous year, silver saw a steady increase in its price, going above $30 per ounce for the first time since 2011. Analysts are closely following the key resistance zones that could trigger breakouts looking at $37 and even $40 per ounce in bullish cases, according to Dukascopy. This increase is driven by multiple macroeconomic factors, including inflation, geopolitical instability, and a global financial easing cycle, making silver an attractive asset to hold. With a weakening U.S. dollar and falling interest rates, investors’ interest in non-yielding assets like silver has increased.

Furthermore, silver’s uses in the industry have multiplied, causing its demand to increase. It is projected that silver will reach a record high in 2025, as per the Silver Institute, with a demand of over 700 million ounces by the industry. A major portion of the demand can be attributed to solar panel production, where silver’s high conductivity grants it a unique place in photovoltaic cells. Moreover, the expansion of electric vehicles, artificial intelligence, as well as consumer electronics further solidified the demand for silver.

On the other hand, supply-related concerns are a growing issue. Consecutively, for the fifth year, the silver market is expected to be in deficit despite an expected 2% increase in production, as reported in Global Newswire. Top producers and companies are looking to meet the increasing demand. Further complications arise from worldwide trade tensions. With a new government in the U.S. and its aggressive tariff policies, fears of a new trade war loom. Although this creates risks, it also presents opportunities to those who understand the market dynamics of silver.

Methodology

To compile our list of the 10 Best Junior Silver Mining Stocks to Buy According to Analysts, we selected top junior mining companies with significant exposure to silver exploration and production. We prioritized companies with strong market capitalizations and evaluated hedge fund sentiment to ensure investor confidence in these stocks. To assess hedge fund interest, we looked into the hedge funds holding stakes in these stocks, as of Q4 2024, with data fetched from Insider Monkey’s extensive hedge fund database, which tracks over 1,000 hedge funds. Finally, we ranked the stocks based on their upside potential.

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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Pan American Silver Corp. (NYSE:PAAS)

Average Upside Potential: 12.80%

Number of Hedge Fund Holders: 35

Pan American Silver Corp. (NYSE:PAAS) is a top silver mining company with operations in North and South America. The company solidified its position in the industry with the complete integration of Yamana-acquired mines. These mines contributed to an all-time high Q4 revenue of $815.1 million and full-year revenue of $2.8 billion. These results were driven by strong silver and gold production, along with favorable metal prices. Output for silver reached 21.1 million ounces, and gold production hit a record 892,000 ounces. However, the all-in-sustaining cost of silver was higher than expected, at $18.98 per ounce.

Capitalizing on its momentum, Pan American Silver Corp. (NYSE:PAAS) made key operational leaps in 2024, with the completion of infrastructural upgrades at Huaron and Timmins for long-term efficiency and the installation of a new ventilation system at La Colorada, which increased throughput and reduced costs. The company expects silver production to be between 20 and 21 million ounces in 2025, while the AISC is forecasted to remain between $16.25 and $18.25 per ounce.

Investor interest remains keen in light of key strategic improvements and efficient cash management. The company’s stock has also improved by 14.55% in 2025, indicating strong potential.

However, Pan American Silver Corp. (NYSE:PAAS) still faces challenges as production at the Dolores mine is expected to decline through 2026, transitioning to residual leaching. Moreover, the Escobal mine in Guatemala remains closed and is still under consultation. The company, with $1.6 billion in liquidity, is well-positioned to overcome these concerns and keep its focus on efficiency and cost-cutting. Pan American Silver Corp.’s (NYSE:PAAS) rising margins and operational advancements have solidified its position among the 10 Best Junior Silver Mining Stocks to Buy According to Analysts.

Overall, PAAS ranks 8th on our list of best junior silver mining stocks to buy according to analysts. While we acknowledge the potential of PAAS as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PAAS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.