Industry Overview - Silver prices have surged, exceeding $100 per ounce, with analysts predicting a rise to $124 in the next 30 days due to increasing demand [1] - The silver market has faced four consecutive years of global deficits, with a cumulative deficit of nearly 820 million ounces from 2021 to 2025, indicating a significant supply-demand imbalance [2] - Industrial demand for silver has transformed its profile, with nearly half of global consumption now coming from industrial uses such as solar panels, electric vehicles, and electronics [2][3] - The current cycle is characterized by inelastic supply and demand, with supply unable to respond to rising prices, leading to sustained price pressure [3] Company Highlights - First Majestic: Trading at $24 per share, up 45% in 2026, with record quarterly silver production of 7.8 million silver-equivalent ounces in Q4 2025, a 37% year-over-year increase [5][6] - Endeavour Silver: Share price increased by 46% in 2026 and 270% over the past year, with significant production increases forecasted for 2026, estimated at 8.3-8.9 million ounces [8][9] - Pan American Silver: Trading at $61 per share, up 19% in 2026, with operating cash flow of $776.9 million, a 66% year-over-year increase, and anticipated silver production of 25-27 million ounces in 2026 [10][11][12] Investment Strategies - Investing in silver stocks is recommended due to the favorable market conditions and potential for growth [4] - First Eagle Gold fund is highlighted as a seasoned option for investors seeking exposure to silver mining alongside bullion [13] - Portfolio allocation for precious metals typically ranges from 2% to 5%, with a focus on rebalancing to manage risk and maintain diversification [15]
3 Silver Stocks to Buy Right Now
Benzinga·2026-01-23 20:10