Top 5 Canadian Silver Stocks in 2026

1. BP Silver (TSXV:BPAG)

Year-to-date gain: 56.25 percent
Market cap: C$46.1 million
Share price: C$1

BP Silver is an exploration company focused on its flagship Cosuño silver project in Bolivia.

Covering approximately 3,375 hectares, the project hosts a 10.5 square kilometer alteration zone with at least four primary exploration targets identified within the southern area.

Shares of BP Silver began the year at C$0.62 before tracking the price of silver higher to hit C$0.93 on January 29. BP Silver released assay results from the first two holes of its Phase I drill program at Cosuño on February 2. Highlights from the results include 29 meters at 56 grams per metric ton (g/t) silver and 0.28 g/t gold.

On February 27, the company announced assay results from the final eight holes of the 11 hole drill program at Cosuño. This time, high grades were on display, with one hole delivering 600.4 g/t silver over 5 meters; that includes an intersection of 1,655 g/t silver over 1 meter.

BP Silver's stock value reached a year-to-date high of C$1.32 on March 2.

2. Highlander Silver (TSX:HSLV)

Year-to-date gain: 41.3 percent
Market cap: C$1.49 million
Share price: C$7.63

Highlander Silver has a portfolio of precious metal assets in Latin America. In Mexico, the company operates the Mercedes gold-silver mine. In Peru, it is advancing the Corani silver project and the San Luis gold-silver project. Late last year, the company announced a merger with Bear Creek Mining; it was completed in February.

Shares of Highlander kicked off the year trading at C$5.46, and by January 28 had hit C$7.89.

On January 27, Highlander announced a US$40 million strategic investment by Eric Sprott through the purchase of common shares in the company. Its other major shareholders include the Augusta Group and Lundin family.

“The additional capital will allow us to accelerate growth plans within our portfolio, which includes the bonanza grade San Luis gold-silver project, one of the highest M&I resource grade projects in either the gold or silver sectors, and one of the largest permitted primary silver deposits in the world in the Corani silver project after the closing of the previously announced combination with Bear Creek Mining," stated Daniel Earle, president and CEO of Highlander.

Highlander's share price reached its highest year-to-date value of C$10.42 on March 2.

3. Honey Badger Silver (TSXV:TUF)

Year-to-date gain: 28.95 percent
Market cap: C$31.93 million
Share price: C$0.285

Honey Badger Silver is an exploration-stage company with a large portfolio of greenfield and brownfield projects in Canada's Northwest Territories, as well as Yukon and Nunavut.

This includes the newly required PC silver project in the Northwest Territories.

PC is a permitted underground silver-zinc-lead project that hosts a large, high-grade historical resource base with significant existing underground and development infrastructure. In late March, Honey Badger closed on an C$11.5 million private placement to fund the costs associated with the acquisition.

Shares of Honey Badger reached a year-to-date high of C$0.32 on January 23.

4. First Majestic Silver (TSX:AG)

Year-to-date gain: 23.26 percent
Market cap: C$14.19 billion
Share price: C$28.77

First Majestic Silver is the world’s second biggest silver miner by market cap.

It operates four mines in Mexico: Durango's San Dimas silver-gold mine, the Santa Elena silver-gold mine in Sonora, the La Encantada silver mine in Coahuila and the Los Gatos silver mine in Chihuahua. Los Gatos, in which Japan's Dowa Holdings (TSE:5714,OTCPL:DWMNF) owns a 30 percent share, also produces zinc, lead and gold as by-products.

Additionally, First Majestic mints and sells silver bullion from its First Mint facility in Nevada, US.

On January 15, the company reported that its 2025 silver production came in at 15.4 million ounces.

First Majestic's production guidance for 2026 is set at 13 million to 14.4 million ounces of silver, with silver equivalent all-in sustaining costs at US$26.15 to US$27.91 per ounce.

First Majestic’s stock value rose from C$22.06 to a year-to-date high of C$43.64 on February 27.

5. Silvercorp Metals (TSX:SVM)

Year-to-date gain: 21.64 percent
Market cap: C$2.95 billion
Share price: C$14.28

Silvercorp Metals is the world's fourth biggest silver-mining company by market cap. It operates two silver mines in China: the Ying Mining District in Henan and the GC mine in Guangdong.

In its operations report for its third fiscal quarter of 2026, the company reported total silver production for the quarter of 1.9 million ounces, a 4 percent decrease from the same period last year.

Silvercorp also shared that it is constructing the Kuanping project as a satellite deposit for the Ying mine, with minor ore production to begin in June. The company released its latest quarterly revenue figures on February 9, outlining US$126.1 million, up 51 percent over the same period last year.

After starting the year with a share price of C$11.45, the company had climbed to C$15.74 on January 16. Shares of Silvercorp rose to a year-to-date high of C$18.96 on February 27.