ASX Silver Stocks: 5 Biggest Companies in 2025

2025-04-10 16:50:00 ET

Silver is often compared to gold due to its importance in jewellery and as a safe-haven investment.

However, silver has many industrial applications too, including in electronics, automobiles and silverware, as well as medicine and photography. Energy transition applications are a growing demand sector for silver too — the metal is valued for its conductive capacity, which makes it particularly useful in the production of photovoltaic panels.

Silver supply has tightened in recent years as industrial demand rises. This was one of several factors that helped the silver price break through the US$34 per ounce mark in October 2024 for the first time since 2012. Heading into the second quarter of 2025, silver once again tested the US$34 level, although it has pulled back to US$31 amid market volatility as of April 10.

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