The silver price is now trading near all-time highs around $95 per ounce, and it is doing so alongside gold, which has also pumped to fresh records near $4,900 per ounce today. Together, the two metals show that metal bull run shows no signs of stopping (for now).
Popular X account ‘Wall Street Mav’ who has over 1.7 million followers shared a list of the best silver stocks to watch right now.
What makes this cycle different is that silver is no longer simply following gold. It is moving on its own fundamentals: industrial demand, tight supply, and a renewed flight into hard assets as global debt, geopolitics, and funding risks rise. With both metals breaking records at the same time, capital is clearly rotating back into real, physical stores of value.
But not all silver stocks benefit equally from a silver bull run.
Many so-called “silver miners” only generate a small part of their revenue from silver, relying heavily on gold, copper, or zinc instead. In a true silver-led market, the biggest winners are companies whose revenues are directly tied to silver prices. These are the miners with real leverage to silver.
Here are five of the most silver-pure mining stocks in the market right now.
| Stock Name | Description |
|---|---|
| 🥈 Aya Gold & Silver (AYA / AYASF) | The purest silver play on the market, with around 99% of revenue coming directly from silver. Offers maximum leverage to rising silver prices with minimal exposure to other metals. |
| ⛏️ First Majestic Silver (AG) | A well-known silver-focused miner generating roughly 60% of its revenue from silver, making it one of the most responsive stocks during silver rallies. |
| 🏔️ Hecla Mining (HL) | One of the oldest U.S.-based silver miners, with about half of its revenue tied to silver and strong operations in politically stable regions. |
| 🚀 Endeavour Silver (EXK) | A mid-tier silver producer with roughly 50–60% of revenue from silver, offering high beta exposure and strong upside in a silver bull market. |
| 🏗️ Coeur Mining (CDE) | A large-scale silver and gold producer with nearly half of revenue from silver, often favored by institutions seeking silver exposure at scale. |
What you'll learn 👉
Aya Gold & Silver (AYA / AYASF)
Aya stands out as the purest silver play on the market today.
Around 99% of Aya’s revenue comes directly from silver, which is almost unheard of in the mining sector. That makes Aya one of the most sensitive stocks to rising silver prices. When silver moves, Aya tends to move with it — and often with more force.
The company operates in Morocco, where it controls high-grade silver assets with strong expansion potential. As silver prices push higher, Aya benefits almost dollar-for-dollar from the upside, without dilution from other metals.
In a silver bull market, this kind of exposure is exactly what aggressive investors look for.
Here are 5 of the top silver mining stocks with the most silver percentage in their revenue mix.
— Wall Street Mav (@WallStreetMav) January 20, 2026
Other silver mining stocks are just a small portion of their revenue in silver.
AYA (ticker AYASF 🇺🇸 or AYA 🇨🇦) has the largest percentage of it's revenue in silver at 99%. The… pic.twitter.com/640qqSGsQw
First Majestic Silver (AG)
First Majestic is one of the most recognizable names in silver mining.
Roughly 60% of its revenue is tied to silver, with the rest coming mostly from gold. While it is not as pure as Aya, it still offers substantial leverage to silver price movements, especially during strong silver rallies.
First Majestic has long been known for its outspoken bullish stance on silver, and it has structured its operations accordingly. When silver runs, AG historically becomes one of the most active and volatile silver-linked equities on the market.
Hecla Mining (HL)
Hecla is one of the oldest silver miners in the United States and remains a cornerstone name in the sector.
Around half of its revenue comes from silver, giving it a solid link to rising silver prices while maintaining some diversification through gold and base metals.
Hecla benefits not only from silver’s price but also from political stability and strong U.S.-based operations, which increasingly matter as global resource nationalism rises.
For investors seeking silver exposure with lower geopolitical risk, Hecla remains a core option.
Read also: Retail Is All In on Silver? Record ETF Inflows Signal a New Silver Rush
Endeavour Silver (EXK)
Endeavour Silver sits firmly in the mid-tier silver producer category, with roughly 50–60% of its revenue generated from silver.
The company operates primarily in Mexico and has a strong growth pipeline through both mine expansions and exploration. Endeavour often behaves like a high-beta silver stock (meaning it tends to outperform during silver rallies and underperform during silver corrections).
In a big silver bull run, this kind of leverage becomes highly attractive for investors.
Coeur Mining (CDE)
Coeur is another well-known silver-focused miner, generating close to half of its revenue from silver.
While it also produces gold, silver remains central to its business model. Coeur benefits from large-scale operations and strong liquidity, which often makes it a preferred choice for institutional investors looking for silver exposure at scale.
In strong silver markets, Coeur frequently becomes a vehicle for larger capital flows into the sector.
Why These Stocks Matter Right Now
With the silver price trading near $95 and gold close to $4,900, the precious metals market has clearly entered a different phase.
\The current bull run is being driven by deeper forces: structural supply shortages, exploding industrial demand for silver in solar panels and electronics, rising geopolitical stress, and a growing rejection of sovereign debt as a “safe” asset.
In this environment, owning silver miners that actually derive most of their value from silver (not just a token percentage) becomes crucial.
Stocks like Aya, First Majestic, Hecla, Endeavour, and Coeur are not diluted exposure plays. They are directly wired into silver’s price movement, which makes them some of the most powerful equity vehicles in a true silver bull market.
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