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U.S. Silver Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies4
  • 7D-8.7%
  • 3M-10.0%
  • 1Y201.8%
  • YTDn/a

Over the last 7 days, the Silver industry has dropped 13%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 188%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

Has the U.S. Silver Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026US$12.1bUS$1.4bUS$310.3m37.4x39.1x8.5x
Fri, 20 Feb 2026US$15.0bUS$1.4bUS$310.2m47.6x48.3x10.5x
Sun, 18 Jan 2026US$18.1bUS$1.2bUS$187.6m89.5x96.3x14.7x
Tue, 16 Dec 2025US$12.8bUS$1.2bUS$187.4m63.5x68.4x10.5x
Thu, 13 Nov 2025US$10.1bUS$1.2bUS$187.6m52.4x53.7x8.2x
Sat, 11 Oct 2025US$8.8bUS$1.1bUS$89.6m84.3x97.7x8.3x
Mon, 08 Sep 2025US$6.2bUS$1.1bUS$91.2m59.8x67.4x5.8x
Wed, 06 Aug 2025US$3.9bUS$1.0bUS$61.3m54.8x63.7x3.9x
Fri, 04 Jul 2025US$4.0bUS$1.0bUS$61.2m54.2x64.6x3.9x
Sun, 01 Jun 2025US$3.3bUS$1.0bUS$61.3m45.9x54.3x3.3x
Tue, 29 Apr 2025US$3.7bUS$929.9mUS$26.7m103.8x140.1x4x
Thu, 27 Mar 2025US$3.7bUS$929.9mUS$28.9m101.8x129.7x4x
Sat, 22 Feb 2025US$3.4bUS$929.9mUS$28.9m92.3x116.2x3.6x
Mon, 20 Jan 2025US$3.5bUS$841.0m-US$24,481,126.83n/a-142.2x4.1x
Wed, 18 Dec 2024US$4.5bUS$841.0mUS$9.4m30.4x476.1x5.3x
Fri, 15 Nov 2024US$4.6bUS$841.0mUS$9.3m33.2x491x5.4x
Sun, 13 Oct 2024US$5.3bUS$777.8m-US$21,654,061.5841.7x-246.7x6.9x
Tue, 10 Sep 2024US$4.3bUS$777.8m-US$21,949,342.2429.5x-196.6x5.5x
Thu, 08 Aug 2024US$3.8bUS$777.8m-US$21,875,968.2425.7x-173.5x4.9x
Sat, 06 Jul 2024US$4.0bUS$710.3m-US$78,235,093.4752.8x-51.2x5.6x
Mon, 03 Jun 2024US$4.6bUS$710.3m-US$78,237,290.5558.9x-58.3x6.4x
Wed, 01 May 2024US$3.6bUS$720.2m-US$77,622,996.7351.5x-46.7x5x
Fri, 29 Mar 2024US$3.4bUS$720.2m-US$77,717,202.0345.1x-43.3x4.7x
Sun, 25 Feb 2024US$2.7bUS$720.2m-US$77,735,139.6031.3x-34.2x3.7x
Tue, 23 Jan 2024US$2.9bUS$754.4m-US$46,975,551.0081.2x-62.1x3.9x
Thu, 21 Dec 2023US$3.6bUS$754.4m-US$47,025,825.0085.9x-76.6x4.8x
Sat, 18 Nov 2023US$3.1bUS$754.4m-US$46,873,975.0074.4x-67x4.2x
Mon, 16 Oct 2023US$2.9bUS$718.8m-US$48,129,860.0063.1x-60.2x4x
Wed, 13 Sep 2023US$2.9bUS$718.8m-US$48,420,408.0068x-59x4x
Fri, 11 Aug 2023US$3.1bUS$718.8m-US$48,477,392.0054.9x-64.5x4.3x
Sun, 09 Jul 2023US$3.4bUS$731.9m-US$37,562,945.0020.2x-91x4.7x
Tue, 06 Jun 2023US$3.7bUS$731.9m-US$73,803,001.00n/a-49.7x5x
Thu, 04 May 2023US$4.1bUS$718.9m-US$66,389,143.00n/a-61.1x5.6x
Sat, 01 Apr 2023US$4.3bUS$718.9m-US$67,103,513.00n/a-64.6x6x
Price to Earnings Ratio

-64.6x


Total Market Cap: US$4.3bTotal Earnings: -US$67,103,513.00Total Revenue: US$718.9mTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Silver Industry Price to Earnings3Y Average 17.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Silver industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.8x which is higher than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 8.2x.
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 grown 26% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Silver compare with similar industries?

US Market-2.29%
Materials-4.02%
Metals and Mining-8.22%
Silver-8.68%
Steel0.96%
Copper-7.21%
Diversified Metals and Mining-8.41%
Aluminum-10.92%
Precious Metals and Minerals-11.31%
Gold-11.61%
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
No data available

Latest News

HL
US$17.93
Hecla Mining
7D
-8.6%
1Y
207.5%

HL: Higher Margins And Production Guidance Will Likely Drive Shares Higher

Analysts have adjusted their price target on Hecla Mining to $27.00 from $15.90, reflecting updated assumptions around a slightly higher discount rate, more moderate revenue growth, a higher profit margin of about 39% and a richer forward P/E of roughly 46x. What's in the News Issued consolidated production guidance for the twelve months ending December 31, 2026, with silver output expected in a range of 15.1 million to 16.5 million ounces and gold output expected at 65,000 to 72,000 ounces, including 14,000 to 17,000 ounces from Casa Berardi in the first quarter (Corporate Guidance) Announced preliminary consolidated production results for the fourth quarter of 2025, reporting 3,803,605 ounces of silver and 29,728 ounces of gold (Announcement of Operating Results) Reported full year 2025 production results of 17,026,785 ounces of silver and 150,509 ounces of gold (Announcement of Operating Results) Reiterated consolidated production guidance for 2026, targeting 15.1 million to 16.5 million ounces of silver and 134,000 to 146,000 ounces of gold (Corporate Guidance) Held an analyst and investor day focused on the company's approach to strategy, finance, operations, exploration, sustainability and innovation (Analyst/Investor Day) Valuation Changes Fair Value: revised to $27.00 from $15.90, reflecting a higher assessed value per share based on the updated model inputs.