Silver just obliterated its all-time high, surging to $84.61 intraday before settling near $84.11 – up 5.3% in a single day. This isn’t a blip. It’s a structural breakout driven by 800M oz supply deficits, AI/solar demand, and geopolitical panic (Venezuela + Iran tensions).
Pure-play silver miners deliver 3-5X leveraged returns to spot price moves. Every $1 silver gain = $2-4 EPS boost due to fixed costs. Here’s your actionable list of NYSE-listed winners riding this wave.
1. Pan American Silver (NYSE: PAAS) – The Scale Leader
Why it wins: World’s #1 primary silver producer (21M oz/year post-Gatos acquisition). 55% revenue from silver. La Colorada mine (Mexico) churning high-grade ore.
- Market Cap: $22.9B
- YTD Gain: +148%
- Analyst Target: $65 (from $53)
- Edge: Lowest costs + massive reserves = margin explosion at $85 silver
Investor takeaway: PAAS scales with silver prices better than anyone. Recent acquisition now 70% accretive.
2. First Majestic Silver (NYSE: AG) – Purest Silver Play
Highest purity exposure at 57% silver revenue. Three Mexico mines with 20+ year reserve life post-acquisitions.
- Market Cap: $9.3B
- YTD Gain: +195% (rocket ship)
- Analyst Target: $20.08 (+14%)
- 2026 EPS Growth: +25% forecast
Pro move: AG saw 15% intraday spike today. Purest beta to silver’s melt-up.
3. Hecla Mining (NYSE: HL) – America’s Silver Powerhouse
Largest U.S. silver producer (Lucky Friday + Greens Creek). Nevada exploration ramps 2026 output. Low AISC costs shine at $85+.
- Market Cap: ~$5B
- YTD Gain: +120%+
- Geopolitical premium: Domestic production wins amid global chaos
Key stat: HL’s 45% silver revenue gets turbocharged by U.S. safe-haven flows.
4. Wheaton Precious Metals (NYSE: WPM) – Risk-Free Leverage
Royalty/streaming model = zero mining risk, 50% margins on silver. 30% revenue exposure.
- Market Cap: $30B+
- Dividend: 1.0% yield
- 2026 Guidance: +15% production growth
Smart money: Institutions love WPM’s set-it-and-forget-it silver leverage.
Quick-Hit ETFs for Instant Exposure
| ETF | Focus | Leverage | Why Now |
|---|---|---|---|
| SLV | Physical silver | 1X spot | Pure price play ($23.8B AUM) |
| SIL | Silver miners | 3X spot | Biggest upside potential |
The Math Behind the Madness
textSilver $85 → Miners EPS +30-50%
Fixed costs = Operating leverage
$1 spot gain = $2.50-4.00 EPS boost
Example: PAAS cash costs ~$15/oz. At $85 silver = $70 gross margin per ounce.
Trading Roadmap (This Week)
textEntry: Dips to $82-84 silver
First Target: $88.73 (short-term)
Measured Move: $96.75
Parabolic: $100+ (Kiyosaki called it)
Watch: Thursday jobless claims
Risks (Don’t Get Cocky)
- CME margin hikes (+47% recently)
- Dollar snapback (DXY testing support)
- $86 profit-taking zone
Entry strategy: Scale in on pullbacks. Trail stops at $82 silver invalidation.
Action Items
- Core positions: PAAS + AG (scale + purity)
- Satellite: HL (US exposure) + WPM (royalty safety)
- Speculative: SIL ETF (broad miner basket)
- Monitor: FOMC Jan 27-28 (cut odds jumping)
Final Word
Silver’s $85 breakout = miners’ green light. Structural deficits + safe-haven panic = perfect storm. These NYSE names deliver 20-50% upside if $90+ materializes (70% probability this week).
Question for readers: Which silver stock are you buying first? Drop your picks below!
Disclosure: Times of Investing doesn’t hold positions. Do your own research. Past performance ≠ future results.
Leave a comment