Best Silver Stocks: Which are the Best Silver Stocks for 2022?

Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed.  Learn more

Last Updated on: 19th August 2022, 11:15 am

For centuries, silver has enjoyed the unique distinction of being regarded as both a monetary standard and as a fiat currency. As a commodity, it is utilized as an industrial metal with a myriad of uses in different sectors from solar technology to medicine. Additionally, silver is seen by many investors as a good hedge against inflation and economic uncertainty. In this article, here are the best silver stocks for 2022.

Best Silver Stocks to Buy

Here are the best silver stocks to buy based upon growth and performance.

• Silvercorp Metals Inc (NYSE: SVM)

Market Cap: $462.8 Million US

Forward Annual Dividend Yield: 0.99%

Average Volume: 1.21 million shares

Founded in 1991, Silvercorp Metals Inc is a Canadian-based precious metals company with interests in the exploration, acquisition, and development of lead, zinc, and silver. It is the largest producer of silver in mainland China. To date in 2022, Silvercorp Metals has sold approximately 6.3 million ounces of silver.

On May 27, 2022, Silvercorp Metals Inc announced a semi-annual dividend of US $0.0125 per share. 

• First Majestic Silver (NYSE: AG)

Market Cap: $2.091 billion

Forward Annual Dividend Yield: 0.33%

Average Volume: 6.48 million shares

Founded in 2002, First Majestic Silver is a Canadian-based mining company with four mining operations in Mexico. It primarily focuses on producing silver, but also has mining operations focused on gold. Likewise, the company is also involved in exploration and development projects principally for silver production. First Majestic Silver has stated that its main objective is to become the largest producer of silver in the world.

• Gatos Silver, Inc. (NYSE: GATO)

Market Cap: $302.1 million

Forward Annual Dividend Yield: N/A

Average Volume: 847.18K shares

Founded in 2011, Gatos Silver, Inc is a precious metals mining company based in Denver, Colorado. The company’s primary focus is the production and development of its operations in Mexico. Gatos Silver, Inc has its operational Cerro Los Gatos Mine, in addition to development projects throughout the silver-rich Los Gatos District.

•  Fortuna Silver Mines Inc. (NYSE: FSM)

Market Cap: $864.67 million

Forward Annual Dividend Yield: N/A

Average Volume: 5.49 million shares

Founded in 1990, Fortuna Silver Mines Inc. operates four gold and silver mines in Mexico, Argentina, Peru, and Burkina Faso, with a fifth mine currently under construction in Côte d'Ivoire. In 2021, Fortuna Silver Mines Inc. reported its silver production to be 7.5 million ounces.

• MAG Silver Corp. (NYSE: MAG)

Market Cap: $1.4 billion

Forward Annual Dividend Yield: N/A

Average Volume: 520.77K shares

MAG Silver Corp. is a silver mining company headquartered in Vancouver, Canada. Its operations are focused on the exploration and development of silver production in Mexico. In 2021, MAG Silver Corp. reported processing 2,238,810 ounces of silver.

• Endeavour Silver Corp. (NYSE: EXK)

Market Cap: $716.8 million

Forward Annual Dividend Yield: N/A

Average Volume: 3 million shares

Founded in 1981, Endeavor Silver Corp. is a Canadian-based mining company with operations in Mexico. The company has two operational mines – Guanacevi and Bolanitos, in addition to a development project in the Mexican state of Jalisco. Moreover, Endeavor Silver Corp. has various exploration projects in other regions of Mexico, Chile, and Nevada, USA.

Best Silver Stocks With Dividends

Here are some of the best silver stocks with dividends to consider adding to your portfolio.

• Wheaton Precious Metals (NYSE: WPM)

Market Cap: $15.7 billion

Forward Annual Dividend Yield: 1.78%

Average Volume: 2.68 million shares

Founded in 2004, Wheaton Precious Metals Corp. is the largest precious metals streaming company on the planet. A streaming company provides financing to mining companies for precious metals exploration, and in turn, brokers a deal to purchase some or all of the respective companies’ metal production.

• Hecla Mining (NYSE: HL) 

Market Cap: $ 2.5 billion

Forward Annual Dividend Yield: 0.54%

Average Volume: 7.26 million shares

Founded in 1891, Hecla Mining is considered the oldest and largest silver producer in the United States. The company operates mines in Idaho, Alaska, and Quebec. In addition, Hecla Mining has exploration and development operations in Idaho, Montana, Washington, Nevada, Quebec, British Columbia, and Mexico.

• Pan American Silver Corp (NYSE: PAAS)

Market Cap: $4.247 billion

Forward Annual Dividend Yield: 2.25%

Average Volume: 2.2 million shares

Headquartered in Vancouver, Canada, Pan American Silver Corp has mining operations throughout the Americas producing silver, gold, copper, zinc, and lead. The mining company is considered to be one of the largest producers of silver in the world. In 2021, Pan American Silver reported its silver production to be 19.2 million ounces.

Key Takeaway

For millennia, human beings have been using and investing in silver. Increasingly in the 21st century, physical silver has become an important investment commodity, especially for industrial purposes as a component of various technologies. The technologies of the future, including our smartphones, solar panels, and computers, all require silver alloys in order to function. Therefore, demand isn't going away anytime soon.

The easiest way to gain exposure to silver and other precious metals is via a self-directed IRA like a gold IRA, which appreciates in value on a tax-deferred or tax-free basis. As with any investment vehicle, always do your due diligence.

To invest in silver today, here are our reviews for the top gold IRA companies. They can help you set up a self-directed IRA that can include gold, silver, and any other precious metal within a tax-advantaged retirement account.