Best Silver Stocks to Invest In
Silver is a precious metal that has been used for centuries in jewelry, coinage, and other applications. It is also a valuable investment asset, and there are a number of silver stocks that offer investors the opportunity to profit from the rise in the price of silver.
Here are some of the best silver stocks to invest in:
Pan American Silver Corp. (PAAS)
Market Cap: $10.6 billion
Dividend Yield: 0.6%
P/E Ratio: 21.8
Pan American Silver is the world’s second-largest primary silver producer. The company operates mines in Mexico, Peru, Bolivia, and Argentina. Pan American Silver has a strong track record of production growth, and it is well-positioned to benefit from the rising demand for silver.
First Majestic Silver Corp. (FR)
Market Cap: $3.7 billion
Dividend Yield: 1.7%
P/E Ratio: 20.2
First Majestic Silver is a Canadian silver mining company with operations in Mexico. The company is one of the largest silver producers in the world, and it has a strong track record of profitability. First Majestic Silver is a good choice for investors who are looking for a high-yield silver stock.
Hecla Mining Company (HL)
Market Cap: $2.9 billion
Dividend Yield: 0.7%
P/E Ratio: 18.3
Hecla Mining is a U.S.-based silver mining company with operations in Idaho, Alaska, and Mexico. The company is one of the largest primary silver producers in the world, and it has a long history of profitability. Hecla Mining is a good choice for investors who are looking for a stable silver stock with a long track record.
Silver Wheaton Corp. (SLW)
Market Cap: $3.3 billion
Dividend Yield: 1.4%
P/E Ratio: 16.7
Silver Wheaton is a Canadian precious metals streaming company. The company provides financing to silver miners in exchange for the right to purchase a percentage of their silver production at a fixed price. Silver Wheaton is a good choice for investors who are looking for a way to profit from the rising price of silver without the risks associated with owning a silver mining company.
SSR Mining Inc. (SSRM)
Market Cap: $3.4 billion
Dividend Yield: 1.5%
P/E Ratio: 17.2
SSR Mining is a Canadian gold and silver mining company with operations in Canada, the United States, Mexico, and Argentina. The company is one of the largest silver producers in the world, and it has a strong track record of profitability. SSR Mining is a good choice for investors who are looking for a diversified silver stock with exposure to both gold and silver.
