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Canadian (TSX) Silver Industry Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies30
- 7D13.9%
- 3M64.1%
- 1Y353.4%
- YTDn/a
Over the last 7 days, the Silver industry has risen 14%, driven by gains from First Majestic Silver of 16%. During this same period, the Silver Storm Mining underperformed, falling 8.0%. This takes the industry's 12 month performance to a gain of 353%. Looking forward, earnings are forecast to grow by 38% annually.
Industry Valuation and Performance
Has the Canadian Silver Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | CA$52.9b | CA$4.5b | CA$230.3m | 50.2x | 229.5x | 11.8x |
| Wed, 28 Jan 2026 | CA$47.9b | CA$3.5b | CA$80.0m | 111.2x | 599.2x | 13.9x |
| Fri, 26 Dec 2025 | CA$34.5b | CA$3.5b | CA$80.5m | 75.3x | 428.3x | 9.9x |
| Sun, 23 Nov 2025 | CA$23.6b | CA$3.6b | CA$87.6m | 54.8x | 269x | 6.6x |
| Tue, 21 Oct 2025 | CA$27.9b | CA$2.8b | -CA$21,077,936.47 | 28.3x | -1325.3x | 10x |
| Thu, 18 Sep 2025 | CA$21.6b | CA$2.7b | -CA$21,790,442.96 | 20.7x | -991.5x | 7.9x |
| Sat, 16 Aug 2025 | CA$21.2b | CA$2.7b | CA$108.5m | 20.8x | 195.3x | 7.7x |
| Mon, 14 Jul 2025 | CA$20.7b | CA$2.2b | -CA$81,432,918.29 | 19.2x | -254.6x | 9.2x |
| Wed, 11 Jun 2025 | CA$36.6b | CA$7.9b | CA$580.0m | 16x | 63.1x | 4.6x |
| Fri, 09 May 2025 | CA$29.3b | CA$7.4b | CA$270.9m | 17x | 108x | 4x |
| Sun, 06 Apr 2025 | CA$24.9b | CA$7.5b | CA$269.9m | 12.8x | 92.1x | 3.3x |
| Tue, 04 Mar 2025 | CA$26.8b | CA$7.6b | CA$225.1m | 37.1x | 118.9x | 3.5x |
| Thu, 30 Jan 2025 | CA$24.1b | CA$7.2b | -CA$28,513,193.34 | 21.2x | -844x | 3.3x |
| Sat, 28 Dec 2024 | CA$22.9b | CA$7.2b | -CA$28,788,493.89 | 19.2x | -796.1x | 3.2x |
| Mon, 25 Nov 2024 | CA$25.1b | CA$7.0b | -CA$32,846,604.34 | 17.4x | -764.3x | 3.6x |
| Wed, 23 Oct 2024 | CA$28.6b | CA$6.7b | -CA$203,171,665.21 | 26x | -140.9x | 4.3x |
| Fri, 20 Sep 2024 | CA$22.7b | CA$6.5b | -CA$200,774,494.52 | 20.9x | -112.8x | 3.5x |
| Sun, 18 Aug 2024 | CA$22.1b | CA$6.6b | -CA$198,799,739.89 | 19x | -111x | 3.3x |
| Tue, 16 Jul 2024 | CA$25.2b | CA$6.3b | -CA$229,842,778.48 | 18.4x | -109.5x | 4x |
| Thu, 13 Jun 2024 | CA$22.4b | CA$6.3b | -CA$230,438,518.74 | 17.3x | -97.1x | 3.5x |
| Sat, 11 May 2024 | CA$23.2b | CA$6.3b | -CA$245,058,221.73 | 20.5x | -94.7x | 3.7x |
| Mon, 08 Apr 2024 | CA$21.0b | CA$5.9b | -CA$329,420,410.22 | 25.6x | -63.7x | 3.5x |
| Wed, 06 Mar 2024 | CA$15.1b | CA$5.8b | -CA$491,696,760.57 | 31.8x | -30.7x | 2.6x |
| Fri, 02 Feb 2024 | CA$15.4b | CA$5.4b | -CA$883,645,698.00 | 31.6x | -17.4x | 2.9x |
| Sun, 31 Dec 2023 | CA$17.4b | CA$5.3b | -CA$877,860,833.00 | 35.8x | -19.9x | 3.3x |
| Tue, 28 Nov 2023 | CA$16.6b | CA$5.4b | -CA$884,425,771.00 | 39.2x | -18.7x | 3.1x |
| Thu, 26 Oct 2023 | CA$16.1b | CA$5.0b | -CA$1,016,405,265.00 | 36.7x | -15.8x | 3.2x |
| Sat, 23 Sep 2023 | CA$16.2b | CA$4.9b | -CA$1,001,391,538.00 | 38.2x | -16.1x | 3.3x |
| Mon, 21 Aug 2023 | CA$16.6b | CA$4.9b | -CA$1,085,275,270.00 | 40.4x | -15.3x | 3.4x |
| Wed, 19 Jul 2023 | CA$18.7b | CA$4.4b | -CA$1,363,296,634.00 | 61.7x | -13.7x | 4.2x |
| Fri, 16 Jun 2023 | CA$16.9b | CA$4.4b | -CA$1,367,854,876.00 | 65.5x | -12.3x | 3.8x |
| Sun, 14 May 2023 | CA$18.8b | CA$4.6b | -CA$1,368,823,598.00 | 61.2x | -13.7x | 4.1x |
| Tue, 11 Apr 2023 | CA$21.5b | CA$4.6b | -CA$1,145,575,414.00 | 78.4x | -18.8x | 4.6x |
| Thu, 09 Mar 2023 | CA$14.1b | CA$4.8b | -CA$916,666,683.00 | 32.6x | -15.4x | 3x |
Price to Earnings Ratio
-15.4x
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 230x which is higher than its 3-year average PE of -141x.
- The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 11.8x.
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 Market | 1.82% | |
| Materials | 8.55% | |
| Metals and Mining | 9.01% | |
| Silver | 13.91% | |
| Gold | 9.23% | |
| Copper | 8.71% | |
| Precious Metals and Minerals | 7.27% | |
| Diversified Metals and Mining | 7.16% | |
| Aluminum | 0% | 0 |
| Steel | -1.58% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AG First Majestic Silver | CA$43.64 | 11.3% +CA$2.2b | 461.6% | PE95.7x | |
| DSV Discovery Silver | CA$11.27 | 7.6% +CA$648.3m | 646.4% | PE62.7x | |
| AYA Aya Gold & Silver | CA$29.53 | 15.4% +CA$563.3m | 152.0% | PE1253.6x | |
| SVM Silvercorp Metals | CA$18.96 | 11.9% +CA$443.9m | 271.8% | PS8.4x | |
| EDR Endeavour Silver | CA$18.98 | 6.7% +CA$382.5m | 262.9% | PS8.8x |
