7 Silver Stocks Set to Sizzle on Higher Demand - 1 of 7

As you would expect, many of the top silver stocks are also mining stocks. But many mining stocks are primarily focused on gold. First Majestic Silver Corp. (NYSE: AG) is an exception.  

While not a pure-play silver stock, the company has a 7:1 mining ratio of silver to gold, and it generates more than 50% of its revenue from silver. It also has an industry leading 43% in silver purity. The company completed its acquisition of Gatos Silver in 2024. This allows the company to merge three world-class, producing silver mining districts that span 350,000 hectares under one umbrella. 

First Majestic also mints silver bullion through its First Mint operation that it started in 2024. The mint is led by professionals with over 20 years of experience working at two of the largest mints in North America.  

The Canadian company is also an attractive investment because of a strong balance sheet highlighted by 30% gross margins and significant free cash flow (FCF) generation. As of February 2025, the mint produced about 10% of the company’s silver production.