Best Canadian Silver Stocks 2026
Silver has come into the spotlight as a standout commodity in 2026, constantly refreshing new highs. As the price of silver continued to climb, investors began to track popular silver stocks, resulting in large sums of money flowing into them.
For those looking to gain exposure to this dynamic market, Canada’s stock market offers a variety of well-established producers, promising developers, and unique streaming companies. If you are interested in investing in Canadian silver stocks, please keep reading! This article introduces everything you need to know about investing in top Canadian silver stocks.
Table of Contents
- What Are Silver Stocks?
- Top 5 Canadian Silver Stocks 2026
- How to Invest in Silver Stocks in Canada?
- Are Canadian Silver Stocks a Good Investment?
- Conclusion
- How to Trade Silver in BTCC?
- Why Trust BTCC?
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What Are Silver Stocks?
Silver stocks represent shares in companies that produce and refine silver. These companies are often miners who raise capital to explore for, acquire, develop and produce silver mineral deposits.
Like all stocks, silver stocks are affected by movements in the overall stock market. Investing in these stocks provides exposure to silver prices, but also introduces company-specific risks such as operational performance, cost management and jurisdictional factors.
However, the price of silver stocks is also correlated to the spot price of silver bullion. Drastic changes in the silver price can cause significant fluctuations in the share prices of silver stocks, even if their current fundamentals (such as revenues, margins, profits, cash flow and earnings) remain unchanged and no other events occur.
Canadian silver stocks are particularly attractive due to the country’s stable regulatory environment, mature mining infrastructure, and strong access to global capital markets. These factors help to reduce operational and geopolitical risks compared to many other mining jurisdictions.
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[TRADE_PLUGIN]SILVERUSDT,SILVERUSDT[/TRADE_PLUGIN]
Top 5 Canadian Silver Stocks 2026
If you are interested in investing in Canadian silver stocks, here are the top five on the Toronto Stock Exchange (TSX). This list is based on an analysis of company reports, expert commentary and market performance data.
Wheaton Precious Metals (TSX:WPM)
Wheaton Precious Metals (TSX:WPM) is the world’s leading precious metals streaming company, with a portfolio of high-quality, long-life agreements linked to silver and gold production from mines across the Americas. Wheaton sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits.
Rather than extracting ore from the ground, Wheaton adopts a streaming model that enables it to purchase silver and gold from operating mines at extremely low, fixed costs. This means that when silver prices rise, almost every additional dollar generated goes straight to the bottom line. Wheaton also avoids the operational issues that affect traditional miners.
With 23 producing assets and 24 development projects, Wheaton Precious Metals (WPM) offers a more diversified portfolio and smoother, more predictable cash flow than traditional mining companies. Management expects attributable production to increase by around 40% by 2028, driven by expansions at key partner mines, including silver and copper assets that will benefit from the global electrification boom.
Aya Gold & Silver (TSX:AYA)
Aya Gold & Silver Inc. (TSX: AYA) is a rapidly growing pure-play silver producer based in Canada, with all operations centred in Morocco. AYA offers something incredibly rare in the mining world: high-grade production in a politically stable jurisdiction with significant growth potential. AYA’s production is expanding rapidly thanks to a major mill and capacity upgrade.
Unlike many mid-tier silver companies struggling with declining grades or rising costs, Aya is moving in the opposite direction: it is boosting output, improving recoveries and reducing all-in sustaining costs as it grows in size. In Q3 2025, Aya reported record revenues of $54.3 million and net income of $12.4 million, driven by a significant increase in production at Zgounder and favourable silver prices.
Looking ahead to 2026, Aya intends to sustain high-volume production at Zgounder, with the aim of producing around 6 million ounces of silver. The company’s major growth catalyst is the large-scale Boumadine project, where extensive drilling and development work is underway ahead of a planned feasibility study in 2027. This will position Aya for another significant phase of growth as it develops one of Morocco’s most promising silver districts.
Pan American Silver Corp. (TSX:PAAS)
Pan American Silver Corp. (TSX:PAAS). is one of the world’s largest primary silver producers, operating across Latin America. It maintains a robust balance sheet and has significant exposure to both silver and gold, as well as a disciplined approach to capital spending. Combining scale, asset diversification, and a robust financial position makes Pan American a cornerstone holding in many precious metals portfolios.
Pan American’s financial results highlight the company’s momentum. It reported revenue of over $850 million, increased silver and gold production, record-breaking free cash flow and tighter cost controls. The company also increased its quarterly dividend by 17%, reflecting confidence in its continued performance.
With analysts projecting robust earnings growth for 2026 and the Juanicipio project poised to deliver significant cost reductions and increased production, Pan American is well-positioned to capitalise on stable silver prices. Its size, diversification, and operational resilience continue to make it one of the top precious metals stocks for long-term investors.
Andean Precious Metals (TSX:APM)
Andean Precious Metals is a precious metals company with a pair of operating assets in the Americas. As a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas, Andean owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving its ambition to be a mid-tier precious metals producer.
On 1 December 2025, shares in Andean reached a year-to-date high of C$9.25. According to the exploration update published in mid-October, Andean expects to release an updated mineral resource and reserve estimate for Golden Queen in the first half of 2026.
Avino Silver & Gold Mines (TSX:ASM)
Avino Silver & Gold Mines Ltd. (TSX:ASM) is a precious metals mining company with two main silver assets: the operational Avino silver mine and the neighboring La Preciosa project in Durango, Mexico. Avino Silver & Gold Mines Ltd. , together with its subsidiaries, is involved in acquiring, exploring and developing mineral properties in Mexico. The company explores for silver, gold, copper and base metal deposits.
Recent attention on silver and gold producers, along with ongoing interest in companies listed on the Toronto Stock Exchange, has kept Avino in the spotlight for investors seeking exposure to precious metals. In Avino’s Q3 financial report, the company announced revenues of US$21 million, marking a 44% year-on-year increase, primarily due to higher metal prices and slightly higher sales volumes. The company also reported record net income after taxes of US$7.7 million, marking a 559 percent increase from US$1.17 million in Q3 2023. This strong financial performance makes Avino a top option for Canadian investors looking to invest in silver.
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How to Invest in Silver Stocks in Canada?
Canadian investors can gain exposure to silver stocks through the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV) by using brokerage platforms such as Questrade, Wealthsimple Trade, or major bank-owned brokers. Below is a practical step-by-step approach to investing in silver equities.
Research the Silver Mining Sector
Before investing, take time to understand the silver mining industry, including current market trends, supply-demand dynamics, and macroeconomic drivers. Evaluate individual companies based on financial strength, growth prospects, production costs, and historical performance to ensure they align with your investment objectives.
Choose a Stock Trading Platform
Compare brokerage platforms based on trading fees, available research tools, market access, and overall user experience. Selecting a reliable and cost-effective platform can significantly impact long-term returns, especially for frequent traders.
Open and Fund Your Account
Create an account by providing the required personal information and completing identity verification. Once approved, link a bank account or funding method to deposit capital and prepare for trading.
Select the Silver Stock(s)
Search for your chosen companies by name or ticker symbol, such as WPM or PAAS. Review key indicators, including market capitalization, price history, earnings metrics, and operational outlook to build a portfolio that matches your risk tolerance and strategy.
Buy and Monitor Your Investment
Place your buy order and actively track your holdings over time. Use price alerts, platform analytics, and industry news to stay informed. Regular monitoring helps you adjust your strategy in response to market movements and company-specific developments.
Are Canadian Silver Stocks a Good Investment?
There are several reasons to invest in Canadian silver stocks, including hedging against geopolitical uncertainty, speculating on potential price increases, protecting against high inflation, and capitalising on market momentum in the TSX mining sub-sector. However, the ongoing Russia–Ukraine conflict and the anticipated further rate hikes by the Bank of Canada have raised fears, uncertainties and doubts.
Before investing in silver stocks, it is worth reviewing your investment strategy. Investors should consider all the evidence supporting or refuting their reasons for believing the silver segment will outperform.
In conclusion, the investment thesis for silver stocks in 2026 appears to be supported by projected supply deficits and growing demand for green technology. However, selectivity is key: focus on companies with strong assets, clean balance sheets and competent management.
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Conclusion
The Canadian market offers investors targeting silver exposure in 2026 a wide range of opportunities. For investors looking for best silver stocks in Canada in 2026, the top stock options include Wheaton Precious Metals (TSX:WPM), Aya Gold & Silver (TSX:AYA), Pan American Silver Corp. (TSX:PAAS), Andean Precious Metals (TSX:APM), and Avino Silver & Gold Mines (TSX:ASM).
With global demand for silver accelerating due to its use in solar power, electronics and clean-energy infrastructure, stocks in companies with scalable, high-grade silver deposits are well-placed to lead the next phase of the silver bull cycle. As with all commodity investments, thorough research and a clear understanding of one’s appetite for risk are essential before allocating capital to this dynamic sector.
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How to Trade Silver in BTCC?
When it comes to investing in silver in Canada, except for silver stock, you can also invest silver futures via the BTCC platform. BTCC, one of the world’s longest-running cryptocurrency exchanges, supports tokenized silver futures trading with leverage of up to 500x. Users interested in silver trading can currently use USDT to trade silver commodities on BTCC without having to open an account with other traditional exchanges.
Note: You can deposit and receive up to 30,000 USDT now when you sign up and verify your account on BTCC. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 10 USDT coupon on completing your KYC verification.
The following sets forth the detail guidance on how to trade tokenized silver futures on BTCC.
Step 1: Create a BTCC account
Step 2: Complete BTCC’s identity verification
Step 3: Fund your BTCC account
On the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method
Step 4: Place your tokenized SILVERUSDT futures order
Go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”-“Tokenized Stocks & Commodities”-“SILVERUSDT”.
You can also directly click the button below to enter the silver order page.
[TRADE_PLUGIN]SILVERUSDT,SILVERUSDT[/TRADE_PLUGIN]
Then, choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and the tokenized silver futures contract order is completed.
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FAQs
What Are Silver Stocks?
Silver stocks represent shares in companies engaged in the exploration, development, and production of silver. This category includes primary silver miners, polymetallic producers where silver is a significant by-product, and royalty/streaming firms that provide upfront financing to miners in exchange for the right to purchase silver at reduced prices in the future.
What Canadian silver stocks to buy in 2026?
For investors looking for best silver stocks in Canada in 2026, the top stock options include Wheaton Precious Metals (TSX:WPM), Aya Gold & Silver (TSX:AYA), Pan American Silver Corp. (TSX:PAAS), Andean Precious Metals (TSX:APM), and Avino Silver & Gold Mines (TSX:ASM).
Is it a good time to invest in silver?
Yes, many experts consider silver to be a strong investment right now (2026) due to its recent massive price surge (up ~180% in a year), significant industrial demand (e.g. EVs and solar), supply deficits, and its role as a hedge against inflation and uncertainty. However, its high volatility means it carries a higher risk than gold and requires careful consideration when it comes to portfolio diversification.
Please be aware that all investments involve risk, including the potential loss of part or all of your invested capital. Past performance is not indicative of future results. You should ensure that you fully understand the risks involved and consider seeking independent professional advice suited to your individual circumstances before making any decision.
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