Best 5 Silver Stocks ASX buy in November

Silver has been one of the standout stories of the year as prices soared and these five ASX silver stocks stand out as prime opportunities for investors looking to capture the momentum this November.

silver stocks ASX buy in November

Silver Mines Limited (ASX: SVL) 

Broken Hill Mines Limited (ASX: BHM) 

Mithril Silver and Gold Limited (ASX: MTH) 

Sun Silver Limited (ASX: SS1) 

Unico Silver Limited (ASX: USL) 

Silver Mines Limited (ASX: SVL) 

kept up its progress in the September 2025 quarter by showing steady development across its assets.
At its key Bowdens Silver Project in New South Wales, the company worked with the Department of Planning, Housing and Infrastructure to get the mine’s development consent back.
Silver Mines completed the acquisition of the Calico North Project and began its Farm-In to acquire up to an 80% interest in the Kramer Hills Project in San Bernardino County, California. 
SVL raised around $34 million from a placement and share purchase plan, making its cash position stronger and by the end of the quarter, it had about $43.7 million in cash.

Broken Hill Mines Limited (ASX: BHM) 

had a great September 2025 quarter which was also its first one after relisting on ASX. 
At the Rasp Mine, underground work touched 1,157 metres which is the highest since 2022 and around 118,500 tonnes of ore was mined and 117,000 tonnes was processed at an average grade of 4.4% ZnEq. 

At Pinnacles Mine, the drilling results showed high-grade silver-lead-zinc zones along with gold and copper credits which supports the company’s plan to restart open-pit mining and send the ore to the Rasp plant for processing and an updated Mineral Resource Estimate is targeted in first half of 2026 as part of ongoing mine studies.

BHM ended the quarter with a cash balance of around $36.7 million and the company also made a US$25 million Silver-Lead Concentrate Offtake deal with Hartree Metals.

Mithril Silver and Gold Limited (ASX: MTH) 

had a strong and busy quarter as it kept pushing ahead with drilling and exploration at its main Copalquin Gold-Silver District in Durango, Mexico.
Two drills were running all through the quarter and a third one was set to start at Target 3 soon. 
At Target 1, new drilling pushed the mineralised zone another 300 metres to the west of the first resource area and one of the top results was 7.19 g/t gold and 260 g/t silver over 8.03 metres.

Drilling at Zaragoza, which is around 500 metres south of the Refugio resource, showed strong results too like 6.4 g/t gold and 4,400 g/t silver over 0.57 metres. 
Mithril raised about C$11.5 million in July 2025 through a placement it finished the quarter with $18.3 million cash and no debt.

Sun Silver Limited (ASX: SS1) 

kept up its exploration progress at the Maverick Springs Silver-Gold Project in Nevada, making it one of the busiest and most promising silver developers in North America.
During the September 2025 quarter, drilling showed solid extensions of mineralisation outside the current resource area, with big intercepts like 54.1m at 137g/t AgEq and 70.1m at 160g/t AgEq, showing there’s still a lot of potential left for growth.

The company also got the green light for 90 new drill pads which will help with both infill and extensional drilling under its 2025 plan.
The quarter ended with $34.2 million cash in hand and zero debt, giving it over seven quarters worth of funding cover for exploration and technical work ahead.

Unico Silver Limited (ASX: USL) 

had a strong September 2025 quarter with big progress in exploration, more resources added, and good funding support across its Argentina silver assets.
The company said its Cerro Leon Mineral Resource jumped 73% to 162 million ounces silver equivalent for 31 million tonnes at 161 g/t AgEq.

This update came after more than 20,000 metres of fresh drilling with a discovery cost of just US$0.10 per ounce, showing how efficient their exploration spend has been.
At the Joaquin Project, Phase 2 drilling started again with a fully funded 30,000 metre program, and early assay results from 10 holes showed wide, high-grade silver zones like 81 metres at 148 g/t AgEq and 44.9 metres at 259 g/t AgEq.

Unico Silver ended the quarter with $28.8 million cash and zero debt, giving them more than five quarters of funding runway.

(Source: Company Reports)

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What are the best silver stocks to buy on the ASX right now?

Top-performing ASX-listed silver producers and explorers score high on investors' radar, with immense potential in growth or production.

How can I invest in silver on the ASX?

The inquiry zeroes in on alternatives such as silver ETFs (for instance, ETFS Physical Silver), shares of silver mining companies, and other instruments in the form of shares in the Australian Securities Exchange (ASX) that provide exposure to silver.

Are silver stocks a good investment in 2025?

Silver's price predictions are being sought after by the public, along with the demand drivers (for example, the solar and EV industries) and the performance of Australian silver stocks on the ASX.

Which ASX companies produce the most silver in Australia?

A number of companies, amongst which are South32, Silver Mines Limited (SVL), and Boab Metals (BML) are being searched for to identify the top silver producers.