Top ASX silver stocks to buy

The following silver-focused ASX companies have recently reported exploration progress, resource updates and financial results that may be of interest to investors tracking the silver sector.

Unico Silver Limited (ASX: USL)

Unico Silver Limited has a market capitalisation of approximately $468.88 million and is focused on developing its silver assets.

On 29 September 2026, the company released its 2026 Annual Report to shareholders for the financial year ended June 2026. During the year, Unico Silver increased the mineral resource at Cerro Leon to 162 Moz AgEq and the Joaquin resource to 167 Moz AgEq. Together, the two projects now represent approximately 330 Moz AgEq.

At Joaquin, the company has completed 268 drill holes covering 38,661 metres. For FY26, Unico Silver recorded a net loss of $6.1 million and finished the period with approximately $55.1 million in cash.

Silver Mines Limited (ASX: SVL)

Silver Mines Limited has a market capitalisation of approximately $357.31 million and is advancing the Bowdens Silver Project.

The company published its annual report on 30 September 2026 for the year ended June 2026. Bowdens has a mineral resource of 173 Mt containing 286 Moz AgEq, while the silver ore reserve stands at 47.9 Mt.

According to the company's development studies, Stage 1 is expected to generate revenue of approximately $3.5 billion, while the combined Stage 1 and Stage 2 development has estimated life-of-mine revenue of around $5.18 billion. The project has a reported post-tax NPV5% of $736 million.

For FY26, Silver Mines recorded revenue of $511.1k and a loss after tax of $3.21 million. Its closing cash balance was approximately $35.75 million.

Andean Silver Limited (ASX: ASL)

Andean Silver Limited has a market capitalisation of approximately $435.06 million and is developing the Cerro Bayo Project.

On 2 September 2026, Andean Silver released its interim financial report for the six months ended June 2026. The company's total mineral resource estimate for Cerro Bayo reached 20 Mt, comprising 7.9 Mt from underground resources and a further 12.1 Mt from open-pit resources.

During the half year, Andean Silver recorded total income of approximately $1.56 million and a loss after tax of around $11.56 million. Cash and cash equivalents stood at approximately $42.7 million at June 2026, compared with $56 million at December 2025.

Sun Silver Limited (ASX: SS1)

Sun Silver Limited has a market capitalisation of approximately $178.09 million and owns the Maverick Silver Project.

The company released its half-year report and accounts on 10 September 2026 for the period ended June 2026. Maverick currently has a JORC-inferred mineral resource of 237 Mt grading 45.5 g/t silver and 0.30 g/t gold. This equates to 347.2 Moz of contained silver and 2.25 Moz of contained gold, or 539 Moz of contained silver equivalent.

Sun Silver reported a loss after tax of $1.35 million during the period. Operating cash outflow was $770.4k, while exploration and evaluation expenditure reached $6 million. The company ended the period with $3.1 million in cash and cash equivalents, following the redemption of $8 million in term deposits.

Investigator Silver Limited (ASX: IVR)

Investigator Silver Limited has a market capitalisation of approximately $128.52 million and is progressing exploration at its Paris Silver Project in South Australia.

On 23 September 2026, Investigator Silver announced that drilling had commenced at the 100%-owned Paris Silver Project. The company is undertaking a fully funded drilling campaign of approximately 30,000 metres.

The Paris Project currently has a total mineral resource estimate of 24 Mt, alongside an ore reserve estimate of 12 Mt.

Source: Company Announcements