Explore the top silver stocks for 2025, featuring detailed performance analysis and investment insights.
Sectors & Industries
February 12, 2025
Table of Contents
Silver remains a critical asset, balancing its role as a precious metal and an essential industrial material. As demand grows in sectors like clean energy and electronics, silver stocks provide investors an opportunity for significant returns. Below is a curated list of the best silver stocks for 2025, based on performance, market potential, and financial strength.
1. Market Capitalization
2. Revenue Growth Annually (Y/Y)
3. Operating Expense Growth Annually (Y/Y)
4. Net Income
5. Net Profit Margin
6. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
Fresnillo is the largest pure-play silver mining company globally, with extensive operations in Mexico. The company produced over 2.6 million tons of ore in 2023, generating $2.7 billion in revenue. Fresnillo stands out due to its low-cost operations and diversified production of gold, lead, and zinc.
Despite a challenging stock performance in recent years, analysts expect a rebound as silver prices rise. Its London-based listing could pose a challenge for U.S. investors, though its ADRs are an alternative. The silver mining industry, including Fresnillo, is experiencing promising prospects due to rising silver prices and increasing industrial demand.
Global industrial demand for silver is expected to reach record levels in 2024, driven by photovoltaics, while supply is anticipated to dip by 1%, marking the fourth consecutive year of a deficit in the silver market.
MAG Silver holds a 44% stake in the Juanicipio mine in Mexico, a high-grade silver operation. The company’s transition from losses to profits—reporting $58 million in net income in 2023—is remarkable. With over $75 million in cash reserves, MAG Silver is well-positioned for future growth. Its strong foothold in geopolitically stable regions further reduces risk for investors.
In the first quarter of 2024, MAG Silver reported solid throughput at its Juanicipio Mine, processing 325,684 tonnes of ore. Despite a routine 4-day maintenance shutdown, the mine delivered 3,980 tonnes per operating day, showcasing operational efficiency.
Pan American Silver boasts one of the world's largest silver portfolios, with operations across Canada, Mexico, and South America. The company produces around 25 million ounces of silver annually, alongside significant outputs of gold, zinc, and lead.
Its impressive financial position, including strong dividends and diversified assets, make it an attractive investment for long-term growth. The company is positioned to benefit from rising silver prices and increasing global industrial demand, particularly driven by photovoltaics.
First Majestic Silver Corp. derives over 50% of its revenue from silver and operates three major mines in Mexico. In Q4 2024, the company reported a 4% increase in silver-equivalent production, totaling 5.7 million ounces, including 2.4 million silver ounces and 39,506 gold ounces. First Majestic recently acquired Gatos Silver, Inc., which holds a 70% interest in the Los Gatos Joint Venture, including the Cerro Los Gatos underground silver mine in Chihuahua, Mexico.
The global silver market is projected to experience a 1% supply deficit in 2024, marking the fourth consecutive year of shortage. Industrial demand for silver, particularly in photovoltaics, is expected to reach record levels. These market conditions coincide with First Majestic’s operational growth and expanded asset base, highlighting its active role within the broader trends of the silver industry.
Hecla Mining, the largest silver producer in the United States, announced a 10% increase in silver production in Q4 2024, driven by its Greens Creek and Lucky Friday mines. The company produced 3.5 million ounces of silver during the quarter, bringing its total annual production to 15 million ounces. Hecla has also reported progress on its Keno Hill project in Canada, which is expected to commence full-scale production in mid-2025, further expanding its output capabilities.
In addition to production updates, Hecla Mining Company utilizes financially settled forward sales contracts to manage exposure to zinc and lead price fluctuations in forecasted concentrate shipments. As of September 30, 2024, these contracts covered approximately 10% of forecasted payable zinc production through 2026, at an average zinc price of $1.37 per pound.
These forward sales contracts are financial instruments designed to hedge against price volatility, ensuring more predictable revenue streams for the company. They do not involve the physical delivery of zinc but rather settle financially based on market price movements relative to the contract price.
The iShares Silver Trust (SLV) is an exchange-traded fund (ETF) designed to track the performance of the price of silver. Each share represents a fractional ownership of physical silver held in trust. As of January 15, 2025, SLV is trading at $27.57 per share.
A recent analysis highlights that the mint ratio (gold-to-silver price ratio) has exceeded 90x, a historically rare occurrence. This suggests a potentially favorable environment for silver investments, making SLV an attractive option for those seeking exposure to silver.
SLV holds approximately 460 million ounces of silver, stored securely in vaults, reflecting the trust's significant presence in the silver market.
Wheaton Precious Metals Corp. is a leading precious metals streaming company, providing upfront financing to mining companies in exchange for the right to purchase a percentage of the metals produced from their mines. In 2024, Wheaton's estimated attributable production is forecasted to be between 18.5 to 20.5 million ounces of silver and 325,000 to 370,000 ounces of gold, resulting in annual production of approximately 550,000 to 620,000 gold equivalent ounces (GEOs).
In the third quarter of 2024, Wheaton reported revenue of $308 million and operating cash flow of $254 million, reflecting strong financial performance. The company maintains a strong balance sheet with a cash balance of $694 million and no debt as of September 30, 2024. Wheaton has streaming agreements on 18 operating mines and 28 development projects, with 93% of attributable production coming from assets in the lowest half of their respective cost curves.
Wheaton's business model allows it to generate high profit margins without the operational risks associated with mining. The company has a diverse portfolio and a flexible dividend policy, offering stable exposure to both gold and silver markets. Wheaton's stock is traded on the NYSE under the ticker symbol WPM.
Wheaton Precious Metals Corp. (WPM) and First Majestic Silver Corp. (AG) are often recommended for investors interested in silver. They have strong market positions and are heavily involved in silver production.
Pan American Silver Corp. (PAAS) is considered one of the strongest silver stocks due to its large silver production capacity and robust financial health.
Investing in silver stocks can be a good choice for those looking to diversify their investment portfolios and hedge against inflation. However, the volatility of precious metal prices should be considered.
As of the last available filings, Warren Buffett no longer holds a significant position in silver. His historical investment in silver was large but brief, primarily during the late 1990s.
There is no public information suggesting that Bill Gates has a significant investment in silver. His investments are primarily focused on technology and global health.
Silver can be a good investment as it serves both as a precious metal and an industrial commodity, which can provide portfolio diversification. Its value may increase during times of economic uncertainty or when inflation rates rise.
Using event-driven trading to find the best entry and exit points provides many benefits long-term stock holding cannot:
Event-driven trading identifies stocks being catalyzed by events. This enables traders to use AI stock trading to identify stock set to move higher quickly. For most of the year, stocks stay in a trading range. When events happen, share prices can move 20%, 50%, even 100% in just a short time, enabling investors to capitalize on these rapid movements.
Find the Best Investments 1,800 Times Faster With LevelFields AI
Ready to transform the way you trade? With LevelFields, you gain access to cutting-edge analytics that empower you to find better investments 1,800 times faster.
LevelFields AI analyzes over 1.8 million market events each month, ensuring you act on facts, not opinions. Don’t leave your trading decisions to chance—equip yourself with the tools to make informed, data-driven investments.
Sign up today and start turning market insights into profits.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.
AI scans for events proven to impact stock prices, so you don't have to.
LEARN MORE
