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Canadian (TSX) Silver Industry Analysis
UpdatedJan 18, 2026
DataAggregated Company Financials
Companies30
- 7D11.7%
- 3M47.0%
- 1Y268.9%
- YTDn/a
The Silver industry is up 12% in the last week, with First Majestic Silver up 14%. Meanwhile, Pacifica Silver actually underperformed within the industry, shrinking 7.5% in the last week. This means that the industry has gained 269% over the past year. As for the next few years, earnings are expected to grow by 59% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 18 Jan 2026 | CA$41.2b | CA$3.5b | CA$83.0m | 99.1x | 496.1x | 11.6x |
| Tue, 16 Dec 2025 | CA$32.6b | CA$3.5b | CA$81.5m | 75x | 400x | 9.3x |
| Thu, 13 Nov 2025 | CA$25.4b | CA$3.2b | -CA$4,321,561.96 | 59.8x | -5878.9x | 8x |
| Sat, 11 Oct 2025 | CA$26.1b | CA$2.8b | -CA$21,129,694.69 | 26.7x | -1233x | 9.4x |
| Mon, 08 Sep 2025 | CA$23.5b | CA$2.8b | CA$121.6m | 22.3x | 193.3x | 8.5x |
| Wed, 06 Aug 2025 | CA$19.1b | CA$2.3b | -CA$84,034,024.66 | 21.6x | -227.6x | 8.5x |
| Fri, 04 Jul 2025 | CA$18.8b | CA$2.2b | -CA$81,528,982.13 | 17.4x | -230.6x | 8.4x |
| Sun, 01 Jun 2025 | CA$30.3b | CA$7.9b | CA$582.3m | 14.7x | 52.1x | 3.8x |
| Tue, 29 Apr 2025 | CA$29.5b | CA$7.3b | CA$259.7m | 14.7x | 113.7x | 4x |
| Thu, 27 Mar 2025 | CA$30.7b | CA$7.6b | CA$316.2m | 17.9x | 97x | 4.1x |
| Sat, 22 Feb 2025 | CA$25.8b | CA$7.5b | CA$209.9m | 38.5x | 122.7x | 3.5x |
| Mon, 20 Jan 2025 | CA$24.0b | CA$7.3b | -CA$28,651,086.72 | 21x | -838.2x | 3.3x |
| Wed, 18 Dec 2024 | CA$24.2b | CA$7.2b | -CA$29,493,754.98 | 20.5x | -818.8x | 3.4x |
| Fri, 15 Nov 2024 | CA$24.3b | CA$7.0b | -CA$38,927,397.05 | 18.3x | -623.4x | 3.4x |
| Sun, 13 Oct 2024 | CA$25.6b | CA$6.6b | -CA$202,635,539.36 | 23.8x | -126.3x | 3.9x |
| Tue, 10 Sep 2024 | CA$19.9b | CA$6.5b | -CA$201,349,350.20 | 17.5x | -98.6x | 3x |
| Thu, 08 Aug 2024 | CA$21.1b | CA$6.3b | -CA$286,868,702.99 | 15.4x | -73.4x | 3.3x |
| Sat, 06 Jul 2024 | CA$22.1b | CA$6.3b | -CA$229,353,379.58 | 17.4x | -96.2x | 3.5x |
| Mon, 03 Jun 2024 | CA$24.7b | CA$6.3b | -CA$231,234,467.53 | 19.5x | -106.9x | 3.9x |
| Wed, 01 May 2024 | CA$20.9b | CA$6.0b | -CA$331,596,406.75 | 26x | -63x | 3.5x |
| Fri, 29 Mar 2024 | CA$16.9b | CA$5.9b | -CA$337,875,921.17 | 22.3x | -50.1x | 2.9x |
| Sun, 25 Feb 2024 | CA$14.1b | CA$5.8b | -CA$489,530,705.74 | 29.7x | -28.8x | 2.4x |
| Tue, 23 Jan 2024 | CA$15.1b | CA$5.4b | -CA$888,021,393.00 | 31.7x | -17x | 2.8x |
| Thu, 21 Dec 2023 | CA$17.8b | CA$5.3b | -CA$883,148,275.00 | 35.7x | -20.1x | 3.3x |
| Sat, 18 Nov 2023 | CA$16.2b | CA$5.5b | -CA$887,415,118.00 | 36.5x | -18.3x | 3x |
| Mon, 16 Oct 2023 | CA$16.1b | CA$5.0b | -CA$1,010,725,317.00 | 38.3x | -16x | 3.2x |
| Wed, 13 Sep 2023 | CA$16.7b | CA$4.9b | -CA$1,005,500,226.00 | 38.6x | -16.6x | 3.4x |
| Fri, 11 Aug 2023 | CA$17.0b | CA$4.9b | -CA$1,088,854,725.00 | 37.3x | -15.6x | 3.5x |
| Sun, 09 Jul 2023 | CA$16.1b | CA$4.5b | -CA$1,372,058,656.00 | 56x | -11.7x | 3.6x |
| Tue, 06 Jun 2023 | CA$17.8b | CA$4.5b | -CA$1,385,380,525.00 | 67.1x | -12.9x | 3.9x |
| Thu, 04 May 2023 | CA$20.6b | CA$4.7b | -CA$1,150,602,071.00 | 77.4x | -17.9x | 4.4x |
| Sat, 01 Apr 2023 | CA$17.0b | CA$4.6b | -CA$1,139,569,032.00 | 73.7x | -14.9x | 3.7x |
| Mon, 27 Feb 2023 | CA$14.0b | CA$4.7b | -CA$919,664,415.00 | 22.9x | -15.3x | 3x |
| Wed, 25 Jan 2023 | CA$17.1b | CA$4.7b | -CA$646,229,483.00 | 45.9x | -26.5x | 3.6x |
Price to Earnings Ratio
-26.5x
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 496x which is higher than its 3-year average PE of -166x.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 11.6x.
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 9.2% 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 | 1.66% | |
| Materials | 4.41% | |
| Metals and Mining | 4.35% | |
| Silver | 11.69% | |
| Precious Metals and Minerals | 6.42% | |
| Copper | 5.01% | |
| Gold | 4.08% | |
| Diversified Metals and Mining | 3.33% | |
| Aluminum | 0% | 0 |
| Steel | -1.27% | |
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$29.90 | 13.6% +CA$1.8b | 254.3% | PE154.5x | |
| DSV Discovery Silver | CA$9.73 | 12.0% +CA$840.1m | 935.1% | PE156.8x | |
| SVM Silvercorp Metals | CA$15.74 | 23.2% +CA$652.1m | 254.5% | PE99.1x | |
| EDR Endeavour Silver | CA$16.26 | 9.9% +CA$429.5m | 218.8% | PS10.2x | |
| AYA Aya Gold & Silver | CA$22.36 | 4.6% +CA$139.2m | 84.8% | PE924.3x |
