During these financially tumultuous times, silver may outperform gold. Silver is also a key component of solar panels and plays a significant role in the energy sector. Analysts believe that demand for the metal will continue to rise steadily in the future years, particularly in light of increased investment. This year, silver is likely to hit its highest level in six years. Demand has risen as a result of the retail-investor craze sparked by Reddit’s WallStreetBets forum. Silver mining equities, such as First Majestic Silver Corp., are becoming more appealing as investment opportunities.
Insider Monkey looks at the 10 best silver mining stocks to invest in. On the list of the top silver mining stocks to buy, Silvercorp Metals Inc. is ranked 10th. In the Ying Mining District of Henan Province, China, the firm holds the Ying silver-lead-zinc project. On the list of the top silver mining stocks to buy, Endeavour Silver Corp. is ranked 9th. Among other precious metals, the corporation looks for gold and silver resources. Its production increased by 31% year over year to 11,109 ounces in the first quarter. Fortuna Silver Mines Inc. is a Latin American mining corporation that extracts and processes precious and base metal resources. The company’s revenue was $117.8 million, up 148 percent year over year and up from $103.5 million in the preceding quarter. First Majestic Silver Corp. is a mineral exploration and development company based in Mexico that focuses on silver and gold. The gross profit margin of the company is 40.74 percent, up 9.75 percent in the last six months and 9.9 percent year to date. On the list of the top silver mining stocks to buy, Hecla Mining Company is ranked sixth. Lead, zinc, and bulk concentrates are available, as well as unprocessed gold and silver bullion bars. Its revenue was $210.85 million, up 53.99 percent year over year and $6.37 million higher than expected. For more details, click 10 Best Silver Mining Stocks to Invest In.
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