Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Silver Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies30
  • 7D3.2%
  • 3M68.7%
  • 1Y235.6%
  • YTDn/a

Over the last 7 days, the Silver industry has dropped 19%, driven by a pullback from Andean Precious Metals of 3.6%. On the other hand First Majestic Silver is actually up 6.0%. In the past year, the industry has gained 205%. Earnings are forecast to grow by 60% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026CA$37.2bCA$3.5bCA$79.3m91.3x468.6x10.7x
Mon, 05 Jan 2026CA$33.0bCA$3.5bCA$81.1m73x407.5x9.5x
Wed, 03 Dec 2025CA$32.4bCA$3.5bCA$75.2m69.6x430.7x9.1x
Fri, 31 Oct 2025CA$24.6bCA$2.8b-CA$20,523,944.0526.3x-1198.2x8.8x
Sun, 28 Sep 2025CA$24.6bCA$2.8b-CA$21,236,323.1824.4x-1159x8.9x
Tue, 26 Aug 2025CA$21.7bCA$2.8bCA$119.9m21x180.9x7.9x
Thu, 24 Jul 2025CA$20.9bCA$2.2b-CA$82,374,124.4418.1x-253.2x9.3x
Sat, 21 Jun 2025CA$36.3bCA$7.9bCA$583.2m15.2x62.3x4.6x
Mon, 19 May 2025CA$27.9bCA$8.0bCA$609.6m10.9x45.8x3.5x
Wed, 16 Apr 2025CA$30.4bCA$7.4bCA$263.7m15.4x115.3x4.1x
Fri, 14 Mar 2025CA$29.4bCA$7.6bCA$370.3m17.6x79.3x3.9x
Sun, 09 Feb 2025CA$26.4bCA$7.2b-CA$27,800,622.1521.9x-950.4x3.7x
Tue, 07 Jan 2025CA$23.4bCA$7.2b-CA$29,018,333.6019.6x-808.1x3.3x
Thu, 05 Dec 2024CA$25.2bCA$7.1b-CA$37,228,539.6616.9x-677.2x3.6x
Sat, 02 Nov 2024CA$27.4bCA$6.7b-CA$203,263,598.2824.3x-134.9x4.1x
Mon, 30 Sep 2024CA$24.2bCA$6.5b-CA$200,410,162.7422.6x-120.8x3.7x
Wed, 28 Aug 2024CA$22.8bCA$6.5b-CA$200,697,430.2919.9x-113.6x3.5x
Fri, 26 Jul 2024CA$24.1bCA$6.4b-CA$231,570,539.5817.9x-103.9x3.8x
Sun, 23 Jun 2024CA$22.2bCA$6.3b-CA$230,109,203.5917.1x-96.4x3.5x
Tue, 21 May 2024CA$24.9bCA$6.2b-CA$235,455,968.3222.5x-105.8x4x
Thu, 18 Apr 2024CA$21.3bCA$6.0b-CA$336,507,868.5225.6x-63.3x3.6x
Sat, 16 Mar 2024CA$16.0bCA$5.9b-CA$415,005,240.8057.2x-38.6x2.7x
Mon, 12 Feb 2024CA$14.2bCA$5.4b-CA$688,287,157.7829.5x-20.6x2.7x
Wed, 10 Jan 2024CA$16.4bCA$5.4b-CA$884,501,290.0034.4x-18.6x3.1x
Fri, 08 Dec 2023CA$17.4bCA$5.4b-CA$885,984,415.0036.4x-19.7x3.2x
Sun, 05 Nov 2023CA$16.2bCA$4.9b-CA$1,016,387,709.0036.8x-15.9x3.3x
Tue, 03 Oct 2023CA$15.6bCA$5.0b-CA$1,011,442,876.0035.4x-15.4x3.1x
Thu, 31 Aug 2023CA$17.9bCA$4.9b-CA$1,011,082,383.0042.9x-17.7x3.6x
Sat, 29 Jul 2023CA$17.3bCA$4.4b-CA$1,368,607,201.0060.4x-12.6x3.9x
Mon, 26 Jun 2023CA$15.8bCA$4.4b-CA$1,364,709,132.0056.9x-11.6x3.6x
Wed, 24 May 2023CA$18.1bCA$4.6b-CA$1,385,001,679.0061.9x-13.1x4x
Fri, 21 Apr 2023CA$20.3bCA$4.6b-CA$1,142,900,009.0076x-17.8x4.4x
Sun, 19 Mar 2023CA$16.0bCA$4.7b-CA$1,149,270,702.0046.3x-13.9x3.4x
Tue, 14 Feb 2023CA$15.1bCA$4.7b-CA$637,298,654.0036.7x-23.8x3.2x
Price to Earnings Ratio

-23.8x


Total Market Cap: CA$15.1bTotal Earnings: -CA$637,298,654.00Total Revenue: CA$4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Silver Industry Price to Earnings3Y Average -155.8x202420252026
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 520x which is higher than its 3-year average PE of -156x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 11.9x.
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 declined 9.6% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Canadian Silver compare with similar industries?

CA Market2.07%
Materials1.49%
Metals and Mining1.39%
Silver3.23%
Gold1.95%
Diversified Metals and Mining0.68%
Precious Metals and Minerals0.66%
Steel0.47%
Aluminum0%0
Copper-2.00%
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
AG First Majestic SilverCA$30.066.0%
+CA$839.9m		274.3%PE158.3x
EDR Endeavour SilverCA$15.524.4%
+CA$194.2m		175.2%PS9.9x
DSV Discovery SilverCA$9.761.9%
+CA$170.6m		510.0%PE160.8x
SVM Silvercorp MetalsCA$14.243.9%
+CA$116.8m		209.6%PE91.3x
AYA Aya Gold & SilverCA$22.722.8%
+CA$88.0m		86.8%PE957x

Latest News

EXN
CA$0.57
Excellon Resources
7D
14.0%
1Y
533.3%
GGD
CA$3.14
GoGold Resources
7D
-1.6%
1Y
105.2%
SVE
CA$0.61
Silver One Resources
7D
-9.0%
1Y
139.2%
KUYA
CA$0.92
Kuya Silver
7D
-4.2%
1Y
192.1%
APM
CA$8.41
Andean Precious Metals
7D
-3.6%
1Y
428.9%

APM: Equity Raise And Arbitration Outcome Will Support Future Upside

Analysts have trimmed their price target on Andean Precious Metals from US$11.89 to US$11.66. This reflects modest adjustments to their fair value estimate and discount rate assumptions, while keeping revenue growth, profit margin and future P/E expectations broadly in line with prior views.
EDR
CA$15.52
Endeavour Silver
7D
4.4%
1Y
175.2%

Endeavour Silver Corp. (TSE:EDR) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable

Feb 04
Endeavour Silver Corp. (TSE:EDR) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
SVM
CA$14.24
Silvercorp Metals
7D
3.9%
1Y
209.6%

SVM: Tulkubash Investment And Reserves Will Drive Future Upside Potential

Analysts have raised their price targets on Silvercorp Metals, citing updated assumptions around higher fair value estimates, revised discount rates, and adjusted expectations for revenue growth, profit margins, and future P/E following a series of recent target hikes from firms including Canaccord, BMO Capital, Raymond James, and Roth Capital. Analyst Commentary Recent Street research on Silvercorp Metals reflects a cluster of revised price targets around the same time period, with several bullish analysts updating their models to reflect new fair value estimates.
AYA
CA$22.72
Aya Gold & Silver
7D
2.8%
1Y
86.8%

AYA: Record Production And Boumadine Progress Will Drive Bullish Repricing

Narrative Update The analyst price target for Aya Gold & Silver has been modestly adjusted to reflect updated views on fair value, discount rates, revenue growth, profit margins and future P/E assumptions, supported by recent Street research in which several firms raised their targets by C$4, C$8 and C$10. Analyst Commentary Recent Street research on Aya Gold & Silver reflects a cluster of price target increases, with adjustments of C$4, C$8 and C$10 from different firms.
DSV
CA$9.76
Discovery Silver
7D
1.9%
1Y
510.0%

2026 Latest Number

🪙 Discovery Silver Corp. (TSX: DSV) Discovery Silver is now a diversified precious-metals story : a producing Canadian gold complex (Porcupine, Timmins camp) plus a tier-1, large-scale silver development project (Cordero, Mexico).
AG
CA$30.06
First Majestic Silver
7D
6.0%
1Y
274.3%
APGO
CA$4.84
Apollo Silver
7D
-2.4%
1Y
311.9%
SLVR
CA$0.98
Silver Tiger Metals
7D
-3.9%
1Y
184.1%
PSIL
CA$1.49
Pacifica Silver
7D
10.4%
1Y
112.9%
SCRI
CA$16.30
Silver Crown Royalties
7D
-14.2%
1Y
132.9%
IPT
CA$0.40
IMPACT Silver
7D
-9.1%
1Y
100.0%

IMPACT Silver Corp.'s (CVE:IPT) Shares Bounce 53% But Its Business Still Trails The Industry

Jan 17
IMPACT Silver Corp.'s (CVE:IPT) Shares Bounce 53% But Its Business Still Trails The Industry
BPAG
CA$0.95
BP Silver
7D
20.3%
1Y
n/a