Highlights
Silver prices peaked in the second quarter, driving strong performance across Canadian silver miners
Companies on the S&P/TSX Composite Index, TSX Venture Composite Index, and TSX Completion Index led the sector's gains
Demand growth in industrial and safe-haven segments contributed to stock performance
MAG Silver (TSX:MAG)
Part of the S&P/TSX Composite Index, MAG Silver has seen notable upward momentum in 2025. The company operates in the high-grade silver mining sector, with its flagship asset in Mexico, co-owned with a leading mining firm. The stock has been influenced by increased production activities and higher metal prices.
Aya Gold & Silver (TSX:AYA)
Aya Gold & Silver, also listed on the S&P/TSX Composite Index, has made gains this year as operations at its Morocco-based project continue to scale. The company's progress in ramping up silver output has aligned with the broader upswing in commodity prices, resulting in strong trading activity.
SilverCrest Metals (TSX:SIL)
A component of the TSX Completion Index, SilverCrest Metals has seen consistent growth in 2025. Known for its focus on high-grade, low-cost silver production in Mexico, SilverCrest's performance has been linked to successful underground development and ore processing results.
Kootenay Silver (TSXV:KTN)
Trading on the TSX Venture Composite Index, Kootenay Silver has shown robust price appreciation. The company has an expansive portfolio of silver exploration projects across Mexico. Positive drill results and a strong outlook for silver exploration have supported increased interest in the stock this year.
Guanajuato Silver Company (TSXV:GSVR)
Also listed on the TSX Venture Composite Index, Guanajuato Silver Company has made notable strides through its multiple producing assets in Mexico. The stock’s movement reflects the operational scale-up and improved throughput across its properties, along with favorable silver market conditions.