The biggest silver miner on the ASX isn't a single pure-play giant but rather companies like South32 (ASX: S32), a major producer through its Cannington mine (a large byproduct producer), and significant players like DPM Metals (ASX: DPM) (formerly Adriatic Metals) with its Vareš mine in Bosnia. For pure-play silver growth, companies like Silver Mines (ASX: SVL), Unico Silver (ASX: USL), and Sun Silver (ASX: SS1) are major explorers/developers, with Sun Silver holding a huge undeveloped resource at Maverick Springs.
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Silver Mines (ASX:SVL)
Silver Mines is an advanced-stage explorer and developer with projects in Central New South Wales, Australia, and California, US. Its Bowdens silver project is located 26 kilometres east of Mudgee, and its Tuena gold project is located 80 kilometres south of Orange.
In contrast, silver meets Buffett's investment criteria due to its extensive list of industrial and medical applications. Its practical uses make it a valuable asset, and that aligns with Buffett's investment principles. Thus, Buffett focuses his investments in precious metals on silver.
While some long-term predictions and bullish scenarios suggest silver could reach significantly higher prices, including $100, $500, or even $1000 an ounce, most analysts consider $1000 highly unlikely in the near term, with many expecting more modest gains (e.g., $60-$100) driven by industrial demand and supply shortages, though extreme hyperinflation remains a speculative path for much higher prices.
The biggest silver miner in Australia is South32, primarily through its Cannington Mine in Queensland, which is Australia's largest operational silver mine and one of the biggest globally, also producing lead and zinc. While Cannington leads in current production, Silver Mines Limited (SVL) owns the largest undeveloped silver resource, Bowdens, with significant reserves for future large-scale development.
Predicting silver's price in 10 years is speculative, but forecasts range widely, with many analysts seeing significant upside driven by industrial demand (solar, EVs) and supply deficits, potentially reaching $100+ per ounce by 2030, with some optimistic scenarios even suggesting $500+, while more conservative views see prices settling in the $40-$70 range, highlighting strong long-term fundamentals but cautioning against certainty.
The Global X Physical Silver Structured (ETPMAG) offers a low-cost and secure way to access physical silver via the stock exchange and avoids the need for investors to personally store their own bullion.
Silver offers Australian investors a way to diversify portfolios, gain exposure to industrial growth trends and potentially hedge against inflation. Whether you choose physical bullion, ETFs or mining stocks, the right approach depends on your investment goals, risk tolerance and preferred level of involvement.
Physical silver and silver investments may offer a way to profit if the price goes up, as well as diversify your portfolio and help hedge against inflation. But investing in silver can be risky and volatile. Whether it helps you turn a profit depends on how the metal's value changes over time.
At the 2011 peak, it was 204. Today, it is only 74. This confirms that silver remains very cheap, even at $77. The reason for this extremely low ratio is twofold: the U.S. stock market is highly inflated and expensive right now, while silver remains undervalued according to numerous metrics.
Silver mine production has been decreasing for the past ten years, especially in Central and South America, due to mine closures, resource depletion and infrastructure challenges.
When economies take off, demand tends to grow for silver. Silver Is More Volatile than Gold: The volatility in silver prices can be two to three times greater than that of gold on a given day. While some traders see this as an opportunity, such volatility can be challenging when managing portfolio risk.
With Gina Rinehart at the helm of Hancock Prospecting, the Roy Hill iron ore mine has generated stellar revenues. That wealth creation not only made her Australia's richest person, but has also built a powerful war chest from which Rinehart is expanding her mining empire.
BHP is bigger than Rio Tinto, consistently ranking as the world's largest mining company by market capitalization, with Rio Tinto typically the second largest, though they are very close competitors in the global resources sector, focusing heavily on iron ore, copper, and other key commodities.
Elon Musk stated that China's restrictions on silver exports are "not good," emphasizing silver's critical role in industrial processes, especially for green tech like solar panels, electric vehicles (EVs), and electronics, warning that supply constraints could hinder the energy transition as demand outpaces supply. He highlighted silver's essential nature for manufacturing in numerous sectors, reacting to rising prices and potential shortages.
Yes, silver did "skyrocket" in 2025, with prices more than doubling, reaching all-time highs (over $70/ounce), driven by extreme supply deficits, booming industrial demand (EVs, solar, AI), significant investment inflows, and its role as an inflation hedge, significantly outperforming gold and surprising most forecasts. Experts suggest this surge reflects fundamental supply/demand shifts, with potential for sustained high prices, though volatility remains.
While no one can predict the exact timing, many analysts see silver hitting $100/oz as a real possibility, with some forecasts pointing towards 2026 or the early 2030s, driven by a growing supply deficit, surging industrial demand (especially for green tech like solar), and investment demand, though volatility remains high. Some experts, like Robert Kiyosaki, are bullish for 2026, while others suggest $100 might come closer to 2030, with significant gains expected in the coming years as fundamentals align.