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Canadian (TSX) Silver Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies30
  • 7D10.1%
  • 3M17.0%
  • 1Y204.4%
  • YTDn/a

In the last week, the Silver industry is up 9.0%, with Discovery Silver leading the way, up 18%. In the same time, Silver Bullet Mines was down 6.3%. In the last 12 months, the industry was up 191%. Looking forward, earnings are forecast to grow by 44% annually.

Industry Valuation and Performance

Has the Canadian Silver Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026CA$38.1bCA$4.8bCA$350.5m39.8x108.7x8x
Sat, 28 Feb 2026CA$51.8bCA$4.5bCA$230.3m50.2x224.9x11.5x
Mon, 26 Jan 2026CA$48.2bCA$3.5bCA$81.2m113x593.4x13.8x
Wed, 24 Dec 2025CA$35.1bCA$3.5bCA$80.7m75.5x434.8x10.1x
Fri, 21 Nov 2025CA$25.0bCA$3.6bCA$111.7m54.6x223.9x7x
Sun, 19 Oct 2025CA$27.0bCA$2.8b-CA$21,110,367.2527.9x-1280.4x9.7x
Tue, 16 Sep 2025CA$22.0bCA$2.7b-CA$21,792,736.0521.7x-1009.6x8x
Thu, 14 Aug 2025CA$21.2bCA$2.5b-CA$45,987,807.3318.4x-461.4x8.6x
Sat, 12 Jul 2025CA$18.9bCA$2.2b-CA$81,451,571.4618x-232.1x8.4x
Mon, 09 Jun 2025CA$35.8bCA$7.9bCA$581.0m15.6x61.7x4.5x
Wed, 07 May 2025CA$28.2bCA$7.3bCA$253.5m14.9x111.4x3.9x
Fri, 04 Apr 2025CA$29.7bCA$7.4bCA$266.5m14.5x111.5x4x
Sun, 02 Mar 2025CA$26.8bCA$7.6bCA$224.2m37.4x119.3x3.5x
Tue, 28 Jan 2025CA$24.4bCA$7.2b-CA$28,926,063.9920.1x-843.5x3.4x
Thu, 26 Dec 2024CA$22.9bCA$7.2b-CA$28,937,079.6419.4x-792x3.2x
Sat, 23 Nov 2024CA$25.0bCA$7.0b-CA$32,846,604.3417.4x-761.5x3.6x
Mon, 21 Oct 2024CA$27.9bCA$6.7b-CA$203,048,992.3425.3x-137.5x4.2x
Wed, 18 Sep 2024CA$23.5bCA$6.6b-CA$201,145,476.4521.2x-117x3.6x
Fri, 16 Aug 2024CA$21.3bCA$6.6b-CA$185,813,787.6918.5x-114.8x3.2x
Sun, 14 Jul 2024CA$25.2bCA$6.3b-CA$229,376,248.6818.3x-109.7x4x
Tue, 11 Jun 2024CA$22.5bCA$6.3b-CA$230,843,301.9517.7x-97.6x3.6x
Thu, 09 May 2024CA$21.7bCA$6.0b-CA$170,569,794.7723x-127.4x3.6x
Sat, 06 Apr 2024CA$20.1bCA$5.9b-CA$329,420,410.2225.6x-60.9x3.4x
Mon, 04 Mar 2024CA$14.4bCA$5.8b-CA$490,783,522.5931x-29.3x2.5x
Wed, 31 Jan 2024CA$14.9bCA$5.4b-CA$884,077,417.0029.9x-16.9x2.8x
Fri, 29 Dec 2023CA$18.1bCA$5.3b-CA$876,908,382.0036.1x-20.7x3.4x
Sun, 26 Nov 2023CA$16.6bCA$5.4b-CA$885,191,828.0038.3x-18.7x3.1x
Tue, 24 Oct 2023CA$16.4bCA$5.0b-CA$1,012,625,500.0037.7x-16.2x3.3x
Thu, 21 Sep 2023CA$16.9bCA$4.9b-CA$1,000,833,437.0040.1x-16.9x3.4x
Sat, 19 Aug 2023CA$16.7bCA$4.9b-CA$1,085,275,270.0040.4x-15.4x3.4x
Mon, 17 Jul 2023CA$17.9bCA$4.4b-CA$1,367,460,180.0059.4x-13.1x4x
Wed, 14 Jun 2023CA$17.1bCA$4.5b-CA$1,374,784,961.0067.2x-12.5x3.8x
Fri, 12 May 2023CA$18.9bCA$4.6b-CA$1,368,377,451.0060.2x-13.8x4.1x
Sun, 09 Apr 2023CA$17.7bCA$4.6b-CA$1,142,938,646.0079.6x-15.5x3.8x
Price to Earnings Ratio

-15.5x


Total Market Cap: CA$17.7bTotal Earnings: -CA$1,142,938,646.00Total Revenue: CA$4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Silver Industry Price to Earnings3Y Average -135.5x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Silver industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 100x which is higher than its 3-year average PE of -136x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 7.4x.
Past Earnings Growth
  • Total earnings for the Silver industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Comparison

How does Canadian Silver compare with similar industries?

CA Market1.56%
Materials7.75%
Metals and Mining8.85%
Silver10.10%
Gold10.63%
Copper7.18%
Precious Metals and Minerals6.29%
Diversified Metals and Mining2.68%
Aluminum0%0
Steel-4.56%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DSV Discovery SilverCA$9.8217.6%
+CA$1.2b		383.7%PE53.7x
AG First Majestic SilverCA$30.777.0%
+CA$1.0b		221.5%PE66.3x
AYA Aya Gold & SilverCA$22.7020.6%
+CA$555.0m		118.5%PE51.3x
SVM Silvercorp MetalsCA$15.417.9%
+CA$249.6m		176.7%PS6.7x
EDR Endeavour SilverCA$13.365.2%
+CA$195.2m		149.7%PS6.1x

Latest News

APM
CA$7.25
Andean Precious Metals
7D
11.5%
1Y
339.4%
SVM
CA$15.41
Silvercorp Metals
7D
7.9%
1Y
176.7%

SVM: Ecuador Cost Revisions And El Domo Timeline Will Drive Upside

Analysts now see Silvercorp Metals' fair value holding around CA$18.94 per share, with recent CA$0.50, CA$1.00, CA$4.50 and CA$5.00 target changes reflecting refreshed views on growth, margins and future P/E assumptions across the latest research updates. Analyst Commentary Street research around Silvercorp Metals has recently included both higher and lower price targets, along with at least one downgrade, which signals that not every analyst is comfortable with the current risk and reward trade off.
SNAG
CA$0.27
Silver North Resources
7D
-3.6%
1Y
134.8%
AYA
CA$22.70
Aya Gold & Silver
7D
20.6%
1Y
118.5%
MMN
CA$0.01
Monarca Minerals
7D
-33.3%
1Y
0%
AG
CA$30.77
First Majestic Silver
7D
7.0%
1Y
221.5%

Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)

Jan 14
Sentiment Still Eluding First Majestic Silver Corp. (TSE:AG)
EDR
CA$13.36
Endeavour Silver
7D
5.2%
1Y
149.7%
HAMR
CA$0.075
Silver Hammer Mining
7D
-6.3%
1Y
-9.1%
AGMR
CA$3.95
Silver Mountain Resources
7D
-0.8%
1Y
433.8%
NUAG
CA$6.03
New Pacific Metals
7D
16.0%
1Y
284.1%
KS
CA$0.22
Klondike Silver
7D
-6.4%
1Y
-12.0%

Klondike Silver (CVE:KS) Is Carrying A Fair Bit Of Debt

Dec 27
Klondike Silver (CVE:KS) Is Carrying A Fair Bit Of Debt
GGD
CA$2.78
GoGold Resources
7D
9.9%
1Y
63.5%
DSV
CA$9.82
Discovery Silver
7D
17.6%
1Y
383.7%
SBMI
CA$0.23
Silver Bullet Mines
7D
-6.3%
1Y
18.4%