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Canadian (TSX) Silver Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies30
- 7D4.2%
- 3M35.8%
- 1Y216.7%
- YTDn/a
Over the last 7 days, the Silver industry has risen 5.8%, driven by gains from First Majestic Silver of 8.5%. Meanwhile, Silver Storm Mining actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 226%. Earnings are forecast to grow by 59% 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 |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | CA$35.6b | CA$3.5b | CA$82.4m | 78.6x | 432.1x | 10.1x |
| Sun, 07 Dec 2025 | CA$30.6b | CA$3.5b | CA$75.0m | 69.4x | 407.5x | 8.7x |
| Tue, 04 Nov 2025 | CA$25.4b | CA$2.8b | -CA$22,211,644.89 | 26.1x | -1144.8x | 9.1x |
| Thu, 02 Oct 2025 | CA$25.0b | CA$2.8b | -CA$21,226,823.25 | 26.1x | -1177.3x | 9x |
| Sat, 30 Aug 2025 | CA$22.1b | CA$2.7b | CA$118.3m | 22x | 186.5x | 8.1x |
| Mon, 28 Jul 2025 | CA$20.3b | CA$2.2b | -CA$83,947,423.31 | 17.6x | -241.6x | 9x |
| Wed, 25 Jun 2025 | CA$35.1b | CA$7.9b | CA$582.5m | 15.2x | 60.3x | 4.4x |
| Fri, 23 May 2025 | CA$29.9b | CA$8.0b | CA$603.8m | 11.9x | 49.6x | 3.8x |
| Sun, 20 Apr 2025 | CA$31.1b | CA$7.3b | CA$260.9m | 15.2x | 119.2x | 4.2x |
| Tue, 18 Mar 2025 | CA$30.4b | CA$7.5b | CA$365.2m | 18.5x | 83.2x | 4x |
| Thu, 13 Feb 2025 | CA$26.2b | CA$7.2b | -CA$5,948,144.13 | 23.5x | -4403.1x | 3.6x |
| Sat, 11 Jan 2025 | CA$24.2b | CA$7.2b | -CA$28,755,383.73 | 19.5x | -841.2x | 3.3x |
| Mon, 09 Dec 2024 | CA$24.7b | CA$7.1b | -CA$37,033,459.81 | 16.6x | -666x | 3.5x |
| Wed, 06 Nov 2024 | CA$26.4b | CA$6.7b | -CA$222,893,264.54 | 24x | -118.3x | 4x |
| Fri, 04 Oct 2024 | CA$24.2b | CA$6.5b | -CA$200,775,455.27 | 22.4x | -120.3x | 3.7x |
| Sun, 01 Sep 2024 | CA$21.7b | CA$6.5b | -CA$201,473,038.00 | 19.4x | -107.8x | 3.3x |
| Tue, 30 Jul 2024 | CA$23.2b | CA$6.4b | -CA$231,233,064.00 | 18.1x | -100.5x | 3.6x |
| Thu, 27 Jun 2024 | CA$21.4b | CA$6.3b | -CA$230,144,151.10 | 16.4x | -93x | 3.4x |
| Sat, 25 May 2024 | CA$23.8b | CA$6.3b | -CA$229,749,296.51 | 20x | -103.7x | 3.8x |
| Mon, 22 Apr 2024 | CA$21.7b | CA$6.0b | -CA$336,478,291.83 | 26.3x | -64.4x | 3.6x |
| Wed, 20 Mar 2024 | CA$15.7b | CA$5.9b | -CA$415,533,884.22 | 53.8x | -37.8x | 2.7x |
| Fri, 16 Feb 2024 | CA$13.7b | CA$5.4b | -CA$688,254,858.93 | 29.8x | -20x | 2.6x |
| Sun, 14 Jan 2024 | CA$16.8b | CA$5.4b | -CA$884,879,601.00 | 34.2x | -18.9x | 3.1x |
| Tue, 12 Dec 2023 | CA$16.8b | CA$5.4b | -CA$884,907,151.00 | 36.7x | -18.9x | 3.1x |
| Thu, 09 Nov 2023 | CA$15.8b | CA$5.0b | -CA$1,024,591,603.00 | 33.9x | -15.4x | 3.2x |
| Sat, 07 Oct 2023 | CA$15.3b | CA$5.0b | -CA$1,011,033,602.00 | 37.1x | -15.1x | 3.1x |
| Mon, 04 Sep 2023 | CA$17.5b | CA$4.9b | -CA$1,006,749,855.00 | 40.4x | -17.4x | 3.5x |
| Wed, 02 Aug 2023 | CA$17.8b | CA$4.5b | -CA$1,371,187,854.00 | 59.9x | -13x | 4x |
| Fri, 30 Jun 2023 | CA$15.9b | CA$4.4b | -CA$1,369,610,568.00 | 57.1x | -11.6x | 3.6x |
| Sun, 28 May 2023 | CA$17.3b | CA$4.6b | -CA$1,397,775,538.00 | 61.1x | -12.4x | 3.8x |
| Tue, 25 Apr 2023 | CA$20.1b | CA$4.6b | -CA$1,144,998,002.00 | 75.2x | -17.5x | 4.3x |
| Thu, 23 Mar 2023 | CA$15.8b | CA$4.7b | -CA$1,148,703,501.00 | 47x | -13.7x | 3.4x |
| Sat, 18 Feb 2023 | CA$15.2b | CA$4.8b | -CA$644,144,148.00 | 24.5x | -23.6x | 3.2x |
| Mon, 16 Jan 2023 | CA$17.6b | CA$4.7b | -CA$646,749,646.00 | 47.1x | -27.2x | 3.7x |
Price to Earnings Ratio
-27.2x
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 443x which is higher than its 3-year average PE of -171x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 10.4x.
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 declined 9.4% 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 Market | 1.76% | |
| Materials | 5.84% | |
| Metals and Mining | 6.27% | |
| Silver | 4.20% | |
| Gold | 6.85% | |
| Diversified Metals and Mining | 6.14% | |
| Copper | 3.53% | |
| Steel | 3.01% | |
| Precious Metals and Minerals | 3.00% | |
| Aluminum | 0% | 0 |
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$24.80 | 8.3% +CA$933.2m | 188.7% | PE128.6x | |
| SVM Silvercorp Metals | CA$12.44 | 8.4% +CA$211.5m | 178.9% | PE78.6x | |
| EDR Endeavour Silver | CA$13.53 | 4.8% +CA$182.4m | 159.7% | PS8.5x | |
| AYA Aya Gold & Silver | CA$20.70 | 5.4% +CA$150.4m | 78.1% | PE858.3x | |
| NUAG New Pacific Metals | CA$5.07 | 5.6% +CA$49.6m | 184.8% | PB5x |
