Silver prices hit record highs in December, surpassing $80 for the first time ever. Geopolitical tensions, like the capture of Venezuelan President Nicolás Maduro, have also driven prices up. First Majestic Silver, Pan American Silver, and Wheaton Precious Metals are key players in this booming market. Analysts predict significant growth for these companies.

First Majestic Silver’s stock is currently priced at $17.51, with a YTD gain of 5% and a 52-week return of 195%. The company’s recent earnings showed a 36% earnings surprise due to a shortfall in EPS, but operating cash flow is strong, up 77% year-over-year.

Pan American Silver operates large-scale mining operations in Latin America and trades at $53 per share. The company’s earnings for the quarter ending Sept. 30 showed a modest 2% earnings surprise due to higher volumes and prices offset by costs. Operating cash flow increased by 66% year-over-year.

Wheaton Precious Metals specializes in precious metals streaming and is valued at $53.5 billion. The company’s stock is currently priced at $123, with a YTD gain of 4% and a 52-week return of 115%. Earnings for the quarter ending Sept. 30 showed a 5% earnings surprise as net income increased by 26% year-over-year.

Analysts predict significant growth for all three companies in 2026, with high expectations for earnings and potential price increases. The consensus ratings for these companies range from “Moderate Buy” to “Strong Buy,” indicating positive sentiment towards their future performance in the silver market.

Read more at Yahoo Finance: The 3 Best Silver Stocks to Buy for 2026