Best Silver Stocks 2024: Profit from the Silver Surge

April 10, 2024

An article listing the 10 best silver stocks to invest in for the year 2021

The 10 Best Silver Stocks This Year

The 10 Best Silver Stocks This Year

Silver, often called "gold's little brother," is poised to break out of its precious metal sibling's shadow. From its vital role in the green energy revolution to a resurgence in industrial demand, silver's dual role as an industrial metal and store of value sets the stage for a potential price surge.

And with inflation fears lingering and a shaky global economy fueling safe-haven demand, silver's time to shine could be right now. These silver stocks offer investors a way to capitalize on this versatile metal's potential for significant growth.

Pan American Silver Corp. (PAAS)

Dynamic Stock Chart for TICKER PAAS

Pan American Silver is one of the world's largest primary silver producers. Their diverse mine portfolio and focus on operational efficiency make them a top player in the silver space.

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Wheaton Precious Metals Corp. (WPM)

Dynamic Stock Chart for TICKER WPM

Wheaton Precious Metals is a silver streaming company, providing financing to miners in exchange for a portion of future silver production. This model offers investors diversified exposure to multiple silver projects.

  • Silver Focus: Significant portion of revenue comes from silver streaming deals.
  • Growth Ambitions: Actively seeks new deals to expand its portfolio.
  • Counterparty Risk: Performance depends on the success of its mining partners.

First Majestic Silver Corp. (AG)

Dynamic Stock Chart for TICKER AG

First Majestic is a primary silver producer with mines located in Mexico. Their focus on pure silver mining offers investors direct exposure to the silver market.

  • Pure Play Silver: Primary focus on silver production.
  • Production Growth: Aims to increase silver output in the coming years.
  • Single-Jurisdiction Risk: Concentrated operations in Mexico.

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Hecla Mining Company (HL)

Dynamic Stock Chart for TICKER HL

Hecla Mining is the largest silver producer in the United States. They also produce significant amounts of gold, offering investors exposure to both precious metals.

  • US-Based: Mines located in politically stable jurisdictions.
  • Precious Metals Mix: Exposure to both silver and gold prices.
  • Growth Focus: Investing in production expansion and exploration.

Coeur Mining, Inc. (CDE)

Dynamic Stock Chart for TICKER CDE

Coeur Mining is a growing silver and gold producer with mines in North America. Their focus on low-cost production could translate to strong profitability in a rising silver price environment.

  • Cost Control: Emphasis on operational efficiency and cost reduction.
  • North American Focus: Mines in the US, Canada, and Mexico.
  • Expansion Potential: Exploration and development projects for future growth.

Fortuna Silver Mines Inc. (FSM)

Dynamic Stock Chart for TICKER FSM

Fortuna Silver Mines is a silver producer with mines in Peru, Argentina, and Mexico. Their Latin American focus offers exposure to a major silver-producing region.

  • Latin American Exposure: Diversified production across several countries.
  • Growth Trajectory: Expanding production and exploration activities.
  • Jurisdictional Risk: Potential regulatory and political risks in some countries.

MAG Silver Corp. (MAG)

Dynamic Stock Chart for TICKER MAG

MAG Silver is a development-stage company with a major silver project in Mexico. Their Juanicipio project, a joint venture with Fresnillo, has the potential to become a world-class silver mine.

  • High-Grade Project: The Juanicipio project boasts high silver grades
  • Partnership Backing: Joint venture with Fresnillo, a major silver producer.
  • Development Stage: Success hinges on successful project execution.

Silvercorp Metals Inc. (SVM)

Dynamic Stock Chart for TICKER SVM

Silvercorp Metals is a primary silver producer with mines located in China. Their low-cost operations and strong track record make them an interesting play for silver investors.

  • China Focus: Significant exposure to the Chinese silver market.
  • Operational Excellence: History of successful mine development and operation.
  • Single-Country Risk: Regulatory and political risks associated with China.

Endeavour Silver Corp. (EXK)

Dynamic Stock Chart for TICKER EXK

Endeavour Silver is a silver producer with mines in Mexico. Their focus on exploration and development offers investors potential for production growth.

  • Mexico Focus: Mines located in a major silver-producing country.
  • Exploration Upside: Potential for resource expansion and new discoveries.
  • Development Pipeline: Projects in development could boost future production.

SSR Mining Inc. (SSRM)

Dynamic Stock Chart for TICKER SSRM

SSR Mining is a diversified precious metals producer with silver, gold, and base metal mines. Their diversified production offers investors exposure to multiple commodities.

  • Diversified Production: Revenue from silver, gold, and other metals.
  • Global Footprint: Mines in the Americas and Turkey.
  • Growth Ambitions: Pursuing production expansion and acquisitions.

The Bottom Line

Silver stocks, like all investments, carry risk. But for investors seeking a play on inflation, industrial demand, or a precious metals rally, they offer the potential for significant gains.

Do your own digging, understand the risks, and never bet money you can't afford to lose. Miss out on the silver surge, and you might regret it as others profit from this versatile metal.

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About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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