Wall Street Mav|Apr 17, 2026 23:43
The global silver market is expected to remain in a deficit for a sixth consecutive year.
Since 2021, global reserves of silver in vaults has declined by 762 million oz. Industrial demand has grown for solar panels, electronics, chips, EVs and many other products.
Companies like Samsung are going direct to miners and cutting deals to secure silver supply. Supply has never been this tight.
Meanwhile silver miners are struggling to maintain current production levels. Globally, silver mine production is expected to decline by 2%, even while prices are at record levels.
I only own two silver mining stocks. I focus on the stocks that 1) are profitable and 2) have the ability to increase production in the coming years.
Aya (ticker AYASF) and Silver X (ticker AGXPF).
Aya is my top pick. They are producing 6 million oz now at their Zgounder mine. But the real goal is their next mine Boumadine. That one will produce 37 million oz of silver equivalent starting in 2029. So Aya will grow it's revenue and profits by 6x to 7x, even if silver and gold prices just remain at current levels.
In reality, silver prices are likely to increase from here in the coming years. The demand is increasing and the supply globally is trending down.(Wall Street Mav)
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