Is Warren Buffett buying silver?

While Warren Buffett isn't a fan of investing in gold, he has bought silver in the past. His company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), accumulated 3,500 tons of silver in 1997. However, he sold his entire silver investment by 2006. As of June 2026, Buffett hadn't bought more silver.

Are silver stocks a good investment?

Silver stocks can be a good investment. Demand for silver is rising due to its importance in lower-carbon energy, which should enable mining companies to produce more silver. It should also help drive silver prices higher over the long term. A rising production and pricing combination could enable silver stock investments to produce attractive returns over the long run.

Do silver stocks pay dividends?

Yes, some silver stocks pay dividends. Many pay dividends based on their financial results. For example, First Majestic Silver's dividend policy is to pay 2% of its quarterly net revenue as dividends. Others, like Wheaton Precious Metals, pay a progressive dividend that increases with cash flow (it increased its dividend by 18% in 2026).

What are the most undervalued silver stocks?

Among the largest silver mining stocks that trade on a major U.S. stock exchange, the most undervalued in June 2026 were:Fortuna Mining Company (NYSE: FSM): 9.2 times earningsCompania de Minas Buenaventura (NYSE: BVN): 13.9 times.Pan American Silver: 17.7 timesCouer Mining (NYSE: CDE): 26.6 times.

What is the best silver stock to buy?

The best silver stock to buy is Wheaton Precious Metals. The precious metals streaming company has a high exposure to silver (46% of its revenue through 2030) and low fixed operating costs ($12.50 an ounce through 2030). It also has a strong balance sheet, enabling it to continue growing its streaming portfolio. These factors position it to outperform silver's price in the coming years.

4 Best Silver Stocks for 2026 and How to Invest

By Matthew DiLallo – Updated Jun 2, 2026 at 4:35 PM EST | Fact-checked by Frank Bass

Key Points

First Majestic Silver focuses on Mexico and generates a peer-leading 66% of its revenue from silver.
Pan American Silver bought MAG Silver in 2025 to strengthen its portfolio and enhance investor returns.
Wheaton Precious Metals uses a lower-risk streaming model.

Silver stocks are publicly traded companies that focus on producing silver, a metal with a rare mix of industrial and investment appeal. Silver is essential to modern technology, thanks to its unmatched electrical and thermal conductivity, which is why more than half of global demand comes from industrial uses.

At the same time, silver attracts investors for many of the same reasons as gold. Many view it as a safe-haven asset that can help hedge against inflation, cushion portfolios during economic downturns, and add diversification. Here’s how to invest in silver without buying the physical metal itself.

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Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
First Majestic Silver (NYSE:AG)	$10.3 billion	0.17%	Metals and Mining
Pan American Silver (NYSE:PAAS)	$23.4 billion	1.12%	Metals and Mining
Wheaton Precious Metals (NYSE:WPM)	$58.5 billion	0.56%	Metals and Mining
iShares Silver Trust (NYSEMKT:SLV)	$0.0 thousand	0.00%	Capital Markets

Data as of Jun 2, 2026. Showing 4 of 4 total entries.

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NYSE: AG

First Majestic Silver

Today's Change

(0.77%) $0.16

Current Price

$20.99

Key Data Points

Market Cap

$10B

Day's Range

$20.34 - $21.27

52wk Range

$6.76 - $32.03

Volume

6.8M

Avg Vol

16.4M

Gross Margin

42.98%

Dividend Yield

0.17%

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First Majestic's focus on producing silver positions it to outperform silver prices. It can increase production while reducing costs, thereby growing profits faster than silver prices. For example, it reported record revenues in the first quarter of 2026 ($477 million, up 95%) on a 26% increse in its silver production. Meanwhile, First Majestic generated record cash flow from operations of $311 million, up 182%, outperforming the 161% surge in silver prices.

The silver miner is returning more money to shareholders through an updated dividend policy. It now targets paying out about 2% of its quarterly net revenue. As a result, it increased its dividend by 280% in the first quarter of 2026.

First Majestic believes it can be a long-term outperformer. It has a strong financial position, allowing it to invest millions of dollars each year in finding and developing new silver mines. It has also spent heavily to acquire other silver mines, including buying Gatos Silver for $970 million in early 2025.

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NYSE: PAAS

Pan American Silver

Today's Change

(-0.54%) $-0.30

Current Price

$55.20

Key Data Points

Market Cap

$23B

Day's Range

$54.44 - $56.36

52wk Range

$25.56 - $69.99

Volume

3.8M

Avg Vol

6.2M

Gross Margin

42.92%

Dividend Yield

1.12%

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NYSE: WPM

Wheaton Precious Metals

Today's Change

(1.10%) $1.42

Current Price

$130.24

Key Data Points

Market Cap

$58B

Day's Range

$126.86 - $130.48

52wk Range

$85.59 - $165.76

Volume

87.5K

Avg Vol

2.3M

Gross Margin

74.68%

Dividend Yield

0.56%

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In exchange, the company receives the right to buy some of the metal produced by the mines at fixed prices. Its vision is to be the world's premier precious metals investment vehicle. The company's portfolio features 22 operating mines and another 28 development projects.

It expects to get about 46% of its revenue from silver, another 52% from gold, and the remaining from palladium, platinum, and cobalt through 2030. The company anticipates its production will rise from 860,000-940,000 gold equivalent ounces (GEOs) in 2026 to an average of 1.2 million GEOs by 2030 as more of its partners' development projects come online and start producing.

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NYSEMKT: SLV

iShares Silver Trust

Today's Change

(0.47%) $0.32

Current Price

$67.99

Key Data Points

Day's Range

$67.63 - $69.03

52wk Range

$31.07 - $109.83

Volume

11.3M

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Because the ETF holds physical silver, it tracks the price of the precious metal relatively closely. The chart below shows how the price of iShares Silver Trust shares has moved with silver's price.

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Silver price chart June 2026 — Image source: YCharts.

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Investing in silver stocks FAQ

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About the Author

Matt DiLallo has been a contributing Motley Fool stock analyst specializing in the energy, industrials, and real estate sectors since 2012. He also covers dividend-paying stocks, pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

TMFmd19

@MatthewDiLallo

Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

4 Best Silver Stocks for 2026 and How to Invest

Key Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

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Investing in silver stocks FAQ

Is Warren Buffett buying silver?

Are silver stocks a good investment?

Do silver stocks pay dividends?

What are the most undervalued silver stocks?

What is the best silver stock to buy?

How to buy silver stocks

Benefits and risks of investing in silver stocks

Should you invest in silver stocks?

Related investing topics

FAQ

4 top silver stocks for 2026

Key Data Points

Key Data Points

1. First Majestic Silver

2. Pan American Silver

3. Wheaton Precious Metals

4. iShares Silver Trust

Key Data Points