Top 5 Canadian Silver Stocks in 2026

1. Honey Badger Silver (TSXV:TUF)

Year-to-date gain: 305.26 percent
Market cap: C$116.7 million
Share price: C$0.77

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

This includes the newly acquired Prairie Creek (PC) 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.

The site was constructed in the early 1980s by the Hunt brothers, but they abandoned it in 1982 when silver prices crashed just weeks before operations were set to begin.

Honey Badger's share price started out the year at C$0.19 and traded fairly sideways over the first quarter. However, its activities in the second quarter helped boost the stock.

The PC project acquisition was announced on March 19, as part of Honey Badger's 100 percent acquisition of owner Canadian Zinc from Resource Capital Fund VI.

In mid-April, Honey Badger closed on an C$11.5 million private placement to fund the costs associated with the acquisition. It closed the deal itself on April 29 for C$10 million in cash and 12.5 million shares of Honey Badger.

On May 27, the company outlined its primary near-term priorities for advancing the PC project with the goal of increasing the asset's net present value as much as possible. Those top priorities include advancing work towards an all-season road, refurbishing the existing mill and surface infrastructure at the PC silver project and drilling underground and on surface to expand the existing resource base.

The following day, Honey Badger said it anticipates the completion of an updated preliminary economic assessment and updated mineral resource estimate (MRE) for the property in Q3 2026.

Shares of Honey Badger reached a year-to-date high of C$1.17 on May 26.

2. Aya Gold & Silver (TSX:AYA)

Year-to-date gain: 39.95 percent
Market cap: C$3.71 billion
Share price: C$28.13

Aya Gold & Silver is a precious metals mining company with feasibility-stage and producing assets in Morocco along the Anti-Atlas fault.

Aya’s Zgounder mine is a primary silver mine, and the company refines the output into silver doré. Aya ramped up a significant expansion of the operations in 2025 that included a new processing facility. The company also owns the Boumadine pyrite reclamation operations.

After starting 2026 at a share price of C$19.43, Aya's shares managed a climb to C$29.53 on February 27. However, it pulled back significantly after the peak to as low as C$17.31 on March 20.

A series of positive news releases in helped raise share value once again. On March 31, Aya released its full year 2025 results, reporting that its operations produced 5 million ounces of silver equivalent, compared to 1.65 million ounces the prior year. The increased production and elevated silver prices supported a 417 percent year-over-year increase in the company's 2025 revenue to US$202 million.

On May 14, Aya reported its Q1 2026 financial and operational results. Its production during the quarter totaled 1.5 million ounces of silver equivalent, up 40 percent over Q1 2024, although down slightly from Q4 2025 due to since-resolved weather-related disruptions at Zgounder. Meanwhile, revenue was up 247 percent year-over-year and up 56 percent quarter-over-quarter to US$117 million.

In mid-May, Aya reported drill results from its 2026 to 2027 infill and expansion drill program at the Boumadine project, which includes 360,000 meters of infill drilling. The company said the results confirmed strong high-grade continuity along the Boumadine Main Trend. This included its best drill intercept to date in terms of grade-thickness: 890 grams per metric ton (g/t) silver equivalent over 51.5 meters, from 70 meters below pit shell.

Aya's share price reached its highest year-to-date value of C$29.77 on June 2, the same day the company released its latest drill results from its exploration work at Zgounder. One highlighted interval intersected 6 meters grading 1,867 g/t silver, including 5,100 g/t silver over 2 meters in the open-pit area, from a depth of 96 meters.

Aya Gold & Silver was added to the VanEck Gold Miners ETF (ARCA:GDX) on June 19.

3. AbraSilver Resource (TSXV:ABRA)

Year-to-date gain: 32.66 percent
Market cap: C$2.16 billion
Share price: C$14.46

AbraSilver Resource is an exploration and development company focused on its flagship Diablillos silver-gold project in the Argentine Puna region of Argentina's Salta province, within the cooperation area between Salta and the neighboring Catamarca province.

The December 2024 prefeasibility study estimates an after tax net present value of US$747 million, an internal rate of return of 27.6 percent and a payback period of 2 years, at a base case silver price of US$25.50 per ounce and gold price of US$2,050 per ounce. The study anticipates an average annual production of 7.6 million ounces of silver and 72,000 ounces of gold over the 14 year mine life.

AbraSilver shares started the year at C$10.59 and rose to C$17.61 per share by February 27. After pulling back to C$12.59 by the end of the first quarter, its positive results in the Q2 gave the stock plenty of upside.

On April 27, AbraSilver announced the Salta province government approved its environmental impact statement, a significant milestone required for a project to advance to construction.

A few days later, the company shared new assay results from three holes in its ongoing Phase 4 drill program, highlighting one that intersected 68.5 meters grading 343 g/t silver. The release states, "The latest results confirm strong continuity of mineralization between the Oculto and JAC zones and highlight further expansion potential at Oculto East."

AbraSilver released an updated MRE for Diablillos on May 6, representing a substantial increase from the July 2025 MRE. The site's total measured and indicated resources now stand at 232 million metric tons of ore containing approximately 248 million ounces of silver and 2.54 million ounces of gold, combining its tank leach and heap leach resources.

Shares in AbraSilver peaked at a year-to-date high of C$19.02 on May 13.

On June 22, the company published a definitive feasibility study for Diablillos, showcasing an after-tax NPV of US$3 billion, a 41.9 percent internal rate of return and a payback period of 1.7 years. In the first five years of Diablillos's 24 year mine life, the company anticipates average annual production of 13.9 million ounces of silver and 89,000 ounces of gold.

A few days later, AbraSilver announced that the Catamarca government approved the project's EIA, and that the legislatures of Salta and Catamarca officially approved a cooperation agreement establishing a framework for collaborating on the development of Diablillos.

The Catamarca approval represents the final major environmental permit required to begin development and construction. Management's next steps include advancing financing and early site works as it works towards making a final investment decision in the first half of 2027.

4. Silvercorp Metals (TSX:SVM)

Year-to-date gain: 31.77 percent
Market cap: C$3.33 billion
Share price: C$15.47

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. It is also working to develop the copper primary El Domo project in Central Ecuador.

After starting the year with a share price of C$11.45, the company's shares had climbed to C$18.96 on February 27.

On April 16, Silvercorp released its operations report for its fiscal Q4 and full year 2026 ended March 31. The company reported total silver production for the quarter of 1.5 million ounces, an 11 percent decrease from the same period last year. Over the full fiscal year, it produced 6.8 million ounces of silver, of which 6.3 million came from the Ying Mining District.

In its fiscal year 2027, the company expects to produce approximately 6.8 million to 7.1 million ounces of silver.

Silvercorp reached a year-to-date high of C$21.52 on May 13.

The company released its fiscal year 2026 financial results on May 26, outlining adjusted net income of US$150.8 million, up 101 percent over the same period last year. A few weeks later, Silvercorp shared an updated mineral reserve estimate that increased its Ying Mining District its proven and probable silver reserves by 20 percent to 106 million ounces.

5. BP Silver (TSXV:BPAG)

Year-to-date gain: 29.69 percent
Market cap: C$42.79 million
Share price: C$0.83

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 and later reached a year-to-date high of C$1.32 on March 2.

BP Silver released assay results from the first two holes of its Phase 1 drill program at Cosuño on February 2. Highlights from the results include 29 meters at 56 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, it highlighted high-grade intervals, with one hole delivering 600.4 g/t silver over 5 meters, including an intersection of 1,655 g/t silver over 1 meter.

In mid-April, the company closed on a non-brokered private placement with proceeds of approximately C$10.02 million that will be used in part to support its 2026 work program at Cosuño, including geophysical surveys and a Phase 2 drill program.

On May 19, BP Silver shared that geological mapping as part of the exploration program has extended the mineralized corridor at Cosuño to approximately 3.5 kilometers after discovering multiple new veins and breccia structures at the project.