Top 5 ASX Silver Stocks to Buy In october 2026
Following are the top silver based ASX stocks to buy, supported by recent exploration results and impressive results.
Unico Silver Limited (ASX: USL)
Unico Silver Limited (ASX: USL) is one of the top silver based ASX stocks which is currently trading with a market capitalisation of $468.88M.
USL had released its 2026 Annual Report to Shareholders on 29 September 2026 for the period ended June 2026. USL has increased its mineral resource to 162 Moz AgEq at Cerro Leon and 167 Moz AgEq at Joaquin, making a combined resource of ~330 Moz AgEq.
The Joaquin drilling has covered 268 holes and 38,661 m. It has reported a net loss of $6.1M and a closing cash balance of ~$55.1M.
Silver Mines Limited (ASX: SVL)
Silver Mines Limited (ASX: SVL) is one of the top silver based ASX stocks, which is currently trading at a market capitalisation of $357.31M.
SVL has released its annual report to shareholders on 30 September 2026 for the period ended June 2026. SVL has reported a Bowdens mineral resource of 173 Mt containing 286 Moz AgEq and a silver ore reserve of 47.9 million tonnes. It is expected to generate DFS revenue of $3.5B in stage 1 development and LOM revenue of ~$5.18B in stage 1 & 2 development, with a post tax NAV5% of $736M.
Silver Mines reported a revenue of $511.1k and a loss after tax of $3.21M. It has reported a closing cash balance of $35.75M.
Andean Silver Limited (ASX: ASL)
Andean Silver Limited (ASX: ASL) is one of the top silver based ASX stocks, which is currently trading at a market capitalisation of $435.06M.
ASL had announced on 2 September 2026 its interim financial report for the half year ended June 2026. The total mineral resource estimate reached 20 million tonnes for the Cerro Bayo Project. This includes an underground resource of 7.9 million tonnes and an open pit resource of 12.1 million tonnes.
ASL has reported a total income of ~$1.56M and a loss after tax of ~$11.56M. The cash and cash equivalents went down to ~$42.7M from $56M in December 2025.
Sun Silver Limited (ASX: SS1)
Sun Silver Limited (ASX: SS1) is one of the top silver based ASX stocks which is currently trading with a market capitalisation of $178.09M.
SS1 had released its half yearly report and accounts on 10 September 2026 for the period ended June 2026. The Maverick Silver Project currently hosts a JORC-inferred mineral resource of 237 Mt grading 45.5 g/t Ag and 0.30 g/t Au for 347.2 Moz of contained silver and 2.25 Moz of contained gold (539 Moz of contained silver equivalent).
Sun Silver reported a loss after tax of $1.35M. The operating cash outflow reached $770.4k with an exploration and evaluation expenditure of $6M. This makes the closing cash and cash equivalents of $3.1M, supported by the redemption of proceeds from term deposits of $8M.
Investigator Silver Limited (ASX: IVR)
Investigator Silver Limited (ASX: IVR) is one of the top silver based ASX stocks which is currently trading with a market capitalisation of $128.52M.
IVR had announced on 23 September 2026 that it had started the drilling of its 100% owned Paris Silver Project in South Australia, with a fully funded approximately 30,000 metre drilling program now underway. It has a total mineral resource estimate of 24 million tonnes and an ore reserve estimate of 12 million tonnes.
(Source: Company Announcements)
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