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5 Best Silver Stocks to Buy for Q1 2025
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This page lists five of the best silver stocks that money can buy right now and explains what makes them stand out from the competition. We discuss each pf the best stocks‘ origins, business model, and prospects moving forward. Read on to get started.
What are the top silver stocks to buy?
Copy link to sectionThe table below contains the five best silver stocks right now. Our analysts have been hard and work investigating the market and reviewing different companies, so you can rest assured that our picks are worth their weight in gold (sorry, silver).
# | Stock symbol | Company name | Learn more |
---|---|---|---|
1 | MAG | MAG Silver Corp. | Learn more > |
2 | FR | First Majestic Silver Corp. | Learn more > |
3 | WPM | Wheaton Precious Metals | Learn more > |
4 | LON: FRES | Fresnillo | Learn more > |
5 | PAAS | Pan American Silver Corp. | Learn more > |
1. MAG Silver Corp. (NYSE: MAG)
Copy link to section- Market Cap: $1.3 billion
- Forward Revenue Growth: -11%
- Trailing P/E Ratio: 23
- 2024 YTD Performance: 12%
- Stock Price: $12.6
MAG Silver is one of the best silver stocks to buy. It is a Canadian company whose shares are traded in the United States and Toronto. It has a 445 stake in the 4,000 tons per day Juanicipio mine that is operated by Fresnillo. It is also doing exploratory work at the Deer Trail and Larder projects.
MAG Silver has moved from a net loss of $4.4 million in 2019 to a profit of over $58 million in the last financial year. MAG also has over $75 million in total cash and short-term investments.
The company has the potential of benefiting as the price of silver bounces back. Most importantly, the stock has formed a falling wedge pattern on the weekly chart. In most cases, this is one of the most popular bullish signs in the market.
Additionally, MAG Silver’s assets are in good countries that don’t expose it to geopolitical risks. However, the company is not followed by many Wall Street analysts, which can be a big drawback.
2. First Majestic Silver Corp. (TSE: FR) (NYSE: AG)
Copy link to section- Market Cap: $1.85 billion
- Forward Revenue Growth: -1.8%
- Trailing P/E Ratio: N/A
- 2024 YTD Performance: 3.5%
- Stock Price: $6.37
Founded in 1979 and based in Vancouver, Canada, the company was originally called First Majestic Resource Corp., though it changed its name in November 2006 to reflect a new focus on silver. Similar to MAG, First Majestic Silver is involved in the acquisition, exploration, development, and production of silver and gold properties in Peru, Mexico, Argentina, and Bolivia.
FR’s two main projects are the wholly-owned San Dimas Silver/Gold Mine – which covers an area of 71,839 ha – and Santa Elena Silver/Gold Mine – which covers an area of 102,172 ha. The company has numerous other assets throughout South America within its portfolio making it a diversified option for silver investors.
First Majestic Silver’s business has been growing rapidly in the past few years, helped by the rising volume. It could now continue growing as the price of silver maintains its bullish momentum. Its annual revenue came in at $363 million in 2019 to over $578 million in 2023.
The key challenge for First Majestic is that it has struggled to become profitable. Its net loss came in at over $135.1 million in the last financial year, an increase from the $114 million it lost a year earlier. Its total net loss in the past five years stood at over $270 million.
First Majestic’s average target among analysts is $7.90, up from the current $6.37. This rating, however, should be taken with a grain of salt since it comes from just two analysts.
3. Wheaton Precious Metals (NYSE: WPM)
Copy link to section- Market Cap: $24 billion
- Forward Revenue Growth: 11.2%
- Trailing P/E Ratio: 35
- 2024 YTD Performance: 9%
- Stock Price: $53.81
Wheaton Precious Metals is one of the best precious metals companies. Unlike other mining companies, it does not operate mines itself. Instead, it is a streaming company that receives payments from companies like Newmont and Vale.
As a result, it generates revenue without doing too much work and keeps most of it. For example, its gross margins stand at over 785 while its net profit margin is 54%. Therefore, the company will likely continue doing well as long as demand for gold and silver keeps rising.
Another reason why Wheaton is in this list is that it is a diversified company that makes most of its money from gold and a small part of it from silver. This diversification is a good thing because a drop in the silver market can be offset by a crash in the gold market.
Wheaton Precious Metal’s revenue has been in a strong upward trajectory as it moved from $861 million in 2019 to over $1 billion in 2023. It also has over $500 million in cash and no debt.
4. Fresnillo (LON: FRES)
Copy link to section- Market Cap: $5.25 billion
- Forward Revenue Growth: 16.3%
- Trailing P/E Ratio: 22
- 2024 YTD Performance: -7%
- Stock Price: $7.02
Fresnillo is the biggest pure-play silver mining company with operations in Mexico. The company produced over 2.6 million tons of ore in 2023 and generated over $2.7 billion in revenue and a net income of over $233 million.
The company owns some of the lowest-cost mines in the industry. While silver is its main business, the company also produces other metals like gold, lead, and zinc. This diversification helps it to generate steady income over time.
Fresnillo’s stock price has not done well in the past few years because silver has remained in a tight range. It has crashed by over 47% in the past decade and by over 13% in the past 12 months. Still, analysts expect that it will bounce back as silver prices rebounds.
The key challenge for investing in Fresnillo is that its main listing is in London. American investors can invest in its thinly traded ADRs. The company is also not followed widely by analysts and its dividend yield stands at 0.80%.
5. Pan American Silver Corp. (NASDAQ: PAAS)
Copy link to section- Market Cap: $7.25 billion
- Forward Revenue Growth: 23.90%
- Trailing P/E Ratio: 22
- 2024 YTD Performance: 22%
- Stock Price: $20.06
Incorporated in 1979 and headquartered in Vancouver, Canada, Pan American Silver used to be known as Pan American Minerals Corp. before a name change in April 1995. The company is involved in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines across Canada, Mexico, Peru, Argentina, and Bolivia.
With a huge variety of assets and over 7,000 employees, the company’s recent growth has been impressive, and it has also been able to provide a dividend yield of well over 1% to shareholders. It is now one of the world’s largest silver producers, extracting around 25 million ounces of silver, 160,000 ounces of gold, 55,000 ounces of zinc, 21,000 tonnes of lead, and 13,000 tonnes of copper each year.
The company’s share price accretion in the last five years has been strong, and combined with the company’s sheer stature and diversified portfolio of assets, that is why it is on this list. Its stock has jumped by over 80% in the past five years and this trend could continue in the near term as silver prices rise.
Where to buy the best silver shares
Copy link to sectionTo buy silver stocks quickly and affordably, we highly recommend the platforms we have listed below. Simply click on the relevant link to sign up and get involved, or keep reading for more about silver stocks.
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What is a silver stock?
Copy link to sectionStocks represent ownership in a publicly listed company. So, silver stocks are the stocks of companies engaged in the silver industry in some capacity.
Generally, this includes silver explorers who are on the lookout for high-grade silver deposits, developers who want to build the infrastructure of a silver mine before selling it to a major mining company, and producers who want to process and sell silver metal and products. It also includes some manufacturers of goods that require silver in production.
While you can buy silver bars or coins, investing in silver stocks gives you exposure to the market performance of silver companies.
Are silver shares a good investment?
Copy link to sectionHistorically, the silver price generally correlates with the gold price, though it is less volatile and its cycles are less dramatic. Silver is classed as a safe haven asset since its price performance negatively correlates with stocks and bonds, meaning it is a good place to park capital during times of economic unrest.
Silver is a precious metal with demand in the silverware, jewellery and photography sectors, and it also has numerous uses in the industrial sector with things like photovoltaics. This robust macro story makes silver one of the most popular commodities for retail investors and institutional investors alike.
Since the silver price peaked at over $46/oz in 2011, it has been on the slide, but in the last few years, we have seen a price resurgence that has coincided with the gold bull market. Whether or not a specific silver stock is a good investment really depends on the quality of the individual company. So, if you have conducted due diligence and determined things appear positive, it could well be a good investment. In contrast, if there are some red flags, it may be best to steer clear.
Methodology: How we choose the best silver stocks
Copy link to sectionAt Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.
- Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
- Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
- Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
- Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
- Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
- Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.
Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.