All the glitter isn’t gold. Have the silver mining stocks lost their shimmer? If you’ve spent time looking at silver mining stocks, you’d realize they are slowly disappearing off the radar.
Perhaps it is due to the expenses of owning and operating silver mines. The telltale sign of their decline was reflected in the number of pure silver mines. The last time I checked, only about twenty were in the world.
Best Silver Mining Stocks 2026
| Symbol | Name |
|---|---|
| WPM | Wheaton Precious Metals Corp. |
| AG | First Majestic Silver Corp. |
| PAAS | Pan American Silver Corp. |
| EXK | Endeavour Silver Corp |
| HL | Hecla Mining Company |
| FNLPF | Fresnillo plc |
| ASM | Avino Silver & Gold Mines |
Silver Mining Stocks Introduction
In the past seven years, the price of silver has dropped significantly. We’ve seen a drop from around $35 per ounce in 2011 to about $18 today.
Understandably, this significant drop has left investors wondering if silvers are undervalued. Some investors believe the answer is “yes” — but are they right? Where does that leave us? Should you invest in silver or chase the gold?
List of Silver Mining ETFs
Several popular silver ETFs are on the market if you want to go the ETF route.
iShares Silver Trust (SLV): One of the largest and most popular silver ETFs, it provides exposure to silver’s price movements.
Aberdeen Standard Physical Silver Shares ETF (SIVR): This ETF aims to track the performance of the price of physical silver by holding physical silver bullion.
Invesco DB Silver Fund (DBS): This ETF tracks the performance of the DBIQ Optimum Yield Silver Index Excess Return, which reflects the potential returns of the silver futures market.
ProShares Ultra Silver ETF (AGQ): Designed for investors who seek leveraged exposure to silver, this ETF aims to provide twice the daily performance of silver bullion.
Will Silver Ever Be Worth as Much as Gold?
A common question many people ask is whether silver will ever be worth as much as gold. Unless something happens with our economic system or fiat currency, the chances of silver being more valuable than gold are slim. However, silver does move up with the price of gold.
Supply Deficits for Silver Mining Stocks
Did you know the silver market has been in deficit for years? In 2017, the shortage clocked in at 35.2 million ounces, up from 17.14 million ounces the previous year.
There is a silver shortage. Do you remember what happened with the palladium shortage? Before the shortage, Palladium cost around $300 per oz; today, it is worth more than gold! There are very few silver mines – at least reputable ones. With only a handful worldwide, this creates an enormous investment opportunity.
How to Invest in Silver Mining Stocks
If you want a simpler and less risky approach to buying silver mining stocks, I suggest purchasing an exchange-traded fund (ETF). An ETF offers you an easy way to gain exposure to silver without owning the actual commodity. They are very popular to trade and less risky than trading silver mining penny stocks.
The good news is that several silver and silver-mining funds do a great job of tracking the metal’s gains and losses. In particular, check out the Global X Silver Miners ETF (SIL). The SIL ETF tracks an index of global silver mining companies and provides investors with access to a broad range of silver mining companies.
Now, investors can sleep soundly as this fund has liquidity. With average daily volumes of approximately $2.74 million, SIL has the liquidity needed in this volatile market. However, with 23 equities in the fund’s portfolio, the expenses are higher than a straight silver ETF.
Mining Companies
Investing in silver can be done by buying stocks in companies that mine silver. Such companies are responsible for exploring, extracting, and producing silver. By investing in such stocks, you can indirectly get involved in the silver market.
Silver-focused Mutual Funds
Mutual funds specializing in silver-related companies or commodities can also be an option. These funds pool money from multiple investors to invest in a diversified portfolio of silver stocks or other silver-related securities.
Exchange-traded funds (ETFs)
Silver ETFs are investment funds that track the performance of silver-related indexes or the price of silver itself. These ETFs can be bought and sold on stock exchanges, making them a convenient option..
Final Thoughts: Silver Mining Stocks
There is no doubt in my mind that silver is undervalued, and it’s time to chase it. Now is the time to invest and trade in silver mining stocks before the sparkle disappears. How long will silver remain a bargain? Only time will tell. The important lesson for today: The silver window is open. Now. Play it smart.
Frequently Asked Questions
Investors often consider silver a safe investment, just like gold, especially during uncertain times. It acts as a hedge against inflation. Investors can gain exposure to silver mines by buying stock in silver mining companies.
According to WallStreetZen's Valuation Score, MAG Silver (NYSEMKT: MAG) is currently the most undervalued silver stock. The company has a valuation score of 43, significantly higher than the industry average of 29. It has successfully cleared 3 out of 7 valuation due diligence checks. MAG Silver's stock has experienced a significant drop of -32.42% in the past year.
In 2022, Ontario produced the most silver in Canada, totaling 129.93 metric tons.
Yes. Warren Buffett purchased nearly 3,500 tons (111 million ounces) of silver through Berkshire Hathaway in 1997, which turned Thomas Kaplan into a billionaire.
