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Canadian (TSX) Silver Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies30
- 7D14.2%
- 3M42.4%
- 1Y116.9%
- YTDn/a
Discovery Silver is up 32%, leading the way for the Silver industry, which has gained 18%. This takes the industry's 12 month performance to a gain of 122%. Looking forward, earnings are forecast to grow by 52% 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, 14 Nov 2025 | CA$23.5b | CA$3.1b | -CA$21,986,335.24 | 59.2x | -1070.9x | 7.5x |
| Sun, 12 Oct 2025 | CA$25.5b | CA$2.8b | -CA$21,129,694.69 | 26.7x | -1208.2x | 9.2x |
| Tue, 09 Sep 2025 | CA$23.7b | CA$2.7b | CA$121.6m | 22.5x | 195.1x | 8.6x |
| Thu, 07 Aug 2025 | CA$20.2b | CA$2.3b | -CA$71,949,555.73 | 21.9x | -281.2x | 8.9x |
| Sat, 05 Jul 2025 | CA$18.8b | CA$2.2b | -CA$81,504,359.94 | 17.4x | -231.1x | 8.4x |
| Mon, 02 Jun 2025 | CA$30.3b | CA$7.9b | CA$583.2m | 14.7x | 52x | 3.8x |
| Wed, 30 Apr 2025 | CA$29.7b | CA$7.3b | CA$260.2m | 14.4x | 114.1x | 4.1x |
| Fri, 28 Mar 2025 | CA$30.3b | CA$7.6b | CA$314.7m | 18.5x | 96.2x | 4x |
| Sun, 23 Feb 2025 | CA$25.8b | CA$7.5b | CA$209.9m | 38.5x | 122.7x | 3.5x |
| Tue, 21 Jan 2025 | CA$24.0b | CA$7.2b | -CA$29,082,346.58 | 21.4x | -825.7x | 3.3x |
| Thu, 19 Dec 2024 | CA$24.2b | CA$7.2b | -CA$29,157,410.91 | 19.2x | -830.4x | 3.3x |
| Sat, 16 Nov 2024 | CA$24.7b | CA$7.1b | -CA$40,202,578.33 | 17.9x | -613.3x | 3.5x |
| Mon, 14 Oct 2024 | CA$25.6b | CA$6.6b | -CA$202,635,539.36 | 23.8x | -126.3x | 3.9x |
| Wed, 11 Sep 2024 | CA$19.9b | CA$6.6b | -CA$201,702,780.54 | 17.9x | -98.4x | 3x |
| Fri, 09 Aug 2024 | CA$20.3b | CA$6.5b | -CA$220,729,639.91 | 17.8x | -92x | 3.1x |
| Sun, 07 Jul 2024 | CA$22.6b | CA$6.3b | -CA$229,353,379.58 | 17.4x | -98.6x | 3.6x |
| Tue, 04 Jun 2024 | CA$24.7b | CA$6.3b | -CA$231,360,247.62 | 19x | -106.8x | 3.9x |
| Thu, 02 May 2024 | CA$20.9b | CA$6.0b | -CA$329,977,085.45 | 26.3x | -63.3x | 3.5x |
| Sat, 30 Mar 2024 | CA$17.4b | CA$5.9b | -CA$337,828,791.18 | 22.3x | -51.5x | 2.9x |
| Mon, 26 Feb 2024 | CA$14.1b | CA$5.8b | -CA$489,434,717.74 | 29.7x | -28.8x | 2.4x |
| Wed, 24 Jan 2024 | CA$15.1b | CA$5.4b | -CA$887,433,901.00 | 32.3x | -17x | 2.8x |
| Fri, 22 Dec 2023 | CA$17.4b | CA$5.3b | -CA$879,227,201.00 | 36.6x | -19.7x | 3.3x |
| Sun, 19 Nov 2023 | CA$16.2b | CA$5.5b | -CA$887,438,281.00 | 36.5x | -18.3x | 3x |
| Tue, 17 Oct 2023 | CA$16.1b | CA$5.0b | -CA$1,008,365,344.00 | 38.8x | -16x | 3.3x |
| Thu, 14 Sep 2023 | CA$16.7b | CA$4.9b | -CA$1,005,213,205.00 | 38.9x | -16.6x | 3.4x |
| Sat, 12 Aug 2023 | CA$17.3b | CA$4.9b | -CA$1,091,478,136.00 | 37.8x | -15.9x | 3.5x |
| Mon, 10 Jul 2023 | CA$16.1b | CA$4.5b | -CA$1,372,058,656.00 | 56x | -11.7x | 3.6x |
| Wed, 07 Jun 2023 | CA$18.0b | CA$4.5b | -CA$1,382,654,668.00 | 66.9x | -13x | 4x |
| Fri, 05 May 2023 | CA$20.9b | CA$4.6b | -CA$1,145,113,395.00 | 78.2x | -18.3x | 4.5x |
| Sun, 02 Apr 2023 | CA$17.0b | CA$4.6b | -CA$1,139,569,032.00 | 73.7x | -14.9x | 3.7x |
| Tue, 28 Feb 2023 | CA$14.1b | CA$4.7b | -CA$918,257,434.00 | 23.2x | -15.4x | 3x |
| Thu, 26 Jan 2023 | CA$17.5b | CA$4.7b | -CA$646,570,097.00 | 46.1x | -27.1x | 3.7x |
| Sat, 24 Dec 2022 | CA$16.8b | CA$4.8b | -CA$652,038,371.00 | 44.6x | -25.8x | 3.5x |
| Mon, 21 Nov 2022 | CA$15.2b | CA$4.7b | -CA$642,410,919.00 | 27.7x | -23.7x | 3.2x |
Price to Earnings Ratio
-23.7x
Current Industry PE
- Investors are optimistic on the Canadian Silver industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 7.5x.
Past Earnings Growth
- The earnings for companies in the Silver industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 13% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Comparison
How does Canadian Silver compare with similar industries?
| CA Market | 1.65% | |
| Materials | 7.13% | |
| Metals and Mining | 7.37% | |
| Silver | 14.19% | |
| Precious Metals and Minerals | 9.68% | |
| Gold | 9.04% | |
| Steel | 2.57% | |
| Copper | 2.33% | |
| Diversified Metals and Mining | 1.86% | |
| 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 | |
|---|---|---|---|---|---|
| DSV Discovery Silver | CA$6.72 | 27.5% +CA$1.2b | 719.5% | PS27.1x | |
| AG First Majestic Silver | CA$17.14 | 11.3% +CA$854.7m | 88.8% | PE87.9x | |
| EDR Endeavour Silver | CA$11.05 | 7.3% +CA$261.9m | 64.7% | PS6.9x | |
| AYA Aya Gold & Silver | CA$15.42 | 10.7% +CA$210.9m | 30.7% | PE631.7x | |
| SVM Silvercorp Metals | CA$9.63 | 10.3% +CA$198.3m | 72.0% | PE60.1x |