Just caught up on something worth paying attention to if you're tracking the precious metals space. Silver hit triple digits in early 2026—we're talking US$121.62 per ounce back in January—and that's pulled a lot of focus onto the companies actually mining this stuff. What's interesting is how the Canadian silver stocks on TSX and TSXV have been moving with it.

The fundamentals are actually pretty solid here. Silver's dealing with a structural supply deficit, industrial demand stays robust, and you're seeing investment demand pick up too since it's basically a cheaper version of gold as a safe haven. So it makes sense that Canadian silver mining companies have had a decent run.

I was digging through some data from late March and found a few names worth noting. BP Silver on the TSXV is up 56% year-to-date—that's the standout performer. They're working the Cosuño project in Bolivia and just released some assay results that showed some serious grades. One hole came back with over 1,600 grams per metric ton of silver over a meter. That kind of number gets attention.

Then there's First Majestic, which is the world's second-biggest silver miner by market cap. They're up about 23% and operate four mines in Mexico. Their 2025 production came in at 15.4 million ounces, and they're guiding for 13 to 14.4 million ounces this year. That's a big operation.

Highlander Silver caught a bid too—up 41% year-to-date. They've got assets spread across Latin America and just closed a US$40 million strategic investment from Eric Sprott. That kind of backing usually signals confidence in what they're building.

Silvercorp Metals, the world's fourth-biggest silver mining company, is up about 22% and pulling in serious revenue. Their latest quarterly numbers showed US$126.1 million, up 51% year-over-year. They operate in China and are expanding production there.

Honey Badger Silver rounds out the top performers at nearly 29% gains. They're focused on Canadian exploration—Northwest Territories, Yukon, and Nunavut—and just closed an C$11.5 million private placement to fund their PC silver project acquisition.

What I'm seeing is that Canadian silver stocks have definitely benefited from the price action in the underlying commodity. Whether this momentum holds probably depends on whether silver can hold above US$50, which is where it's been supported historically. If you're looking at exposure to the silver story through equity plays, these Canadian names have been the ones to watch so far this year.