Silver mining stocks jump as metal holds above $90 milestone
Silver bars appear in a photo illustration as silver prices move amid changing industrial demand and global market volatility on December 24, 2025 in Brussels, Belgium.
Jonathan Raa | Nurfoto | Getty Images
Silver-related stocks strengthened on Wednesday as the metal hit another record and remained above the $90 threshold.
on tuesday dot silver Gold, which outperformed gold last year with a 150% annual gain, rose above $90 per ounce for the first time. It rose more than 4% to $90.55 per ounce at 05:42 on Wednesday.
Spot silver price
Silver futures Meanwhile, March delivery was last traded at $90.40.
Spot prices for the metal have risen 27% so far this year, and metal-related stocks have rallied as the rise continues.
In premarket trading, U.S.-listed shares Hecla Mining The company that owns the Greens Creek Mine in Alaska, one of the largest silver mines in the world, increased by 3.4 percent. While Endeavor Silver is up 3.3%, First Majestic Silver was last traded up 3.2%. Coeur MiningThe operator of the Rochester mine in Nevada gained about 2.9%, while Silvercorp Metals and Teck Resources added 2.6% and 2.3% respectively. Wheaton Precious Metals gained 1.5 percent.
Exchange-traded funds (ETFs) related to the silver industry also rebounded. Abrdn Physical Silver Shares ETF up 4% in premarket trading, iShares Silver Trust the fund increased by 4.2%. ProShares’ Ultra Silver ETF rose 8.2%.
Across the Atlantic, shares listed in London Fresnillo It reached a record high and was last traded up 0.8%.
Evy Hambro, BlackRock’s portfolio manager and Global Head of Thematic and Sector Investing, told CNBC on Tuesday that while the investment management giant has long been bullish on silver, it has only begun to change its approach to metal-related stocks in recent years.
“We only moved in 2024 [related] “As prices rose to levels that would allow companies to earn a reasonable return, stocks also fell,” he said in an email.
“Prior to this, price movements were mostly driven by cost increases.”
BlackRock expects silver to continue its upward trend this year.
“Our long-term view on silver is positive, but it is important to remember that silver is very much an industrial metal.” [than gold]Hambro told CNBC.
“We expect 2026 returns to depend on how company management teams allocate incremental cash flows. If there is ongoing discipline, such as large dividend increases rather than overinvestment or M&A, this will differentiate miners in 2026.”
