Top 3 Silver Picks to Watch as Bull Market Gains Steam

Group 1: Silver Market Overview - Silver has recently surpassed $37 per ounce, indicating a potential upward trend with minimal resistance until it reaches an all-time high of around $50 [1] - The supply-demand dynamics are critical, with analysts noting that silver mining production has not kept pace with increasing demand, leading to concerns about the availability of silver for extraction [2] - The silver-gold ratio is currently about 91, which is historically high, making silver an attractive investment compared to gold [3] Group 2: Investment Opportunities in Silver - Investors can gain exposure to silver through various means, including physical silver, exchange-traded funds (ETFs), and mining stocks [4] - Pan American Silver Corp. (NYSE: PAAS) is the world's fifth-largest silver producer, with a 12-month stock price forecast of $30.60, indicating a 5.21% upside potential [5] - Endeavour Silver Corp. (NYSE: EXK) is another notable mining company, with a 12-month stock price forecast of $6.83, representing a 36.89% upside potential [9] Group 3: Company Performance and Projections - Pan American Silver's stock price increased by 44.8% in 2025, driven by its acquisition of MAG Silver Corporation for $2.1 billion, which is expected to enhance its production capabilities [6] - Endeavour Silver's stock has also risen over 49% in the last month, with expectations to double its silver equivalent production from its flagship Terronera mine in 2025-2026 [10][11] - Both companies operate in Mexico, with Endeavour being significantly smaller than Pan American, having a market cap of just over $1 billion [12] Group 4: iShares Silver Trust - The iShares Silver Trust (NYSEARCA: SLV) tracks physical silver and has assets under management of $17.48 billion, with a current price of $33.50 [13][14] - The fund's performance mirrors the spot price of silver, having increased by 28.4% as of June 17, which aligns with the growth in silver prices [15] - Despite a 0.5% expense ratio, the iShares Silver Trust remains a viable option for investors seeking exposure to silver without the challenges of physical ownership [15]