Silver's Epic Crash: 3 Mining Stocks That Could Soar Anyway

"Silver has suffered its worst price collapse in history, marking the largest percentage decline since the 1980s. The precious metal hit an all-time high of $120 per ounce earlier this week before starting to pull back from that peak. It then collapsed more than 25% on Friday, ending at $85 per ounce - a 30% plunge from the high. Even if the meteoric multi-year bull market in silver is over - one that even eclipsed gold's surge - there is no guarantee it is;"

"First Majestic Silver (AG) operates as a primary silver producer with mines in Mexico, focusing on high-grade silver output without heavy reliance on byproduct metals. In its fourth quarter earnings, the company reported all-in sustaining costs (AISC) of $25 to $27 per silver equivalent ounce, keeping operations profitable even at lower silver prices. This cost structure provides a buffer against volatility, as global silver mine production remains constrained, with most supply coming as a byproduct of other metals like lead and zinc."

"First Majestic achieved record quarterly silver production of 4.2 million ounces in the quarter, up 77% year-over-year, driven by contributions from its Santa Elena, San Dimas, and Los Gatos mines. Analysts at Citi forecast silver reaching $150 per ounce within three months, supported by industrial demand from solar and electric vehicles, which could amplify First Majestic's upside as a pure-play silver miner."

Silver prices collapsed from an all-time high of $120 per ounce to $85 per ounce, constituting about a 30% decline. First Majestic Silver operates primary silver mines in Mexico and reported all-in sustaining costs of $25 to $27 per silver equivalent ounce, with record quarterly production of 4.2 million ounces, up 77% year-over-year. Analysts at Citi forecast silver could reach $150 per ounce within three months, driven by industrial demand from solar and electric vehicles. Global silver mine production remains constrained, most supply is byproduct-driven, and projected deficits of 117 million ounces for 2026 could support future price rebounds. Hecla Mining reported a third-quarter 2025 AISC of $11.01 per silver ounce after byproduct credits, indicating low-cost extraction.

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