Silver prices have surged back to levels not seen since 1980, when the Hunt brothers famously attempted (and failed) to corner the silver market. While gold often takes the spotlight, silver stocks have delivered strong performance in recent months, though not all have kept pace with the leaders.

In this week’s Friday Focus, we analyze two lagging silver stocks—SSR Mining and Silvercorp Metals—to see whether they present value opportunities for investors.

SSR Mining (SSRM)

SSR Mining offers some attractive fundamentals. Its fair market value remains solid and has been trending upward. The stock currently trades 33–40% below its growth price, creating potential upside.

However, there are some caveats:

• Not a pure silver play – SSRM has a more diversified resource base.
• High all-in costs compared to peers.
• Reserve life questions leave some uncertainty about long-term production.
• Class action suit from American investors may weigh on sentiment.

On the positive side, the stock’s low P/E ratio and rising fair market value suggest there may be room for recovery if risks are managed.

Silvercorp Metals (SVM)

Silvercorp has made a strong move higher but only to its growth price—while other silver peers have hit super growth levels. Looking back 10 years, the stock has traded higher, raising the question of why it’s underperformed recently.

Key challenges include:

• Heavy exposure to China, creating geopolitical and operational risks.
• Recent safety incident in China, which may impact perception and operations.
• Uncertain new projects (including Ecuador), which still need time to prove themselves.
• Small-cap nature (market cap around $2B), which may add volatility.

Despite these concerns, Silvercorp remains a promising candidate for investors seeking silver exposure, especially if its new projects gain traction.

Final Thoughts

Both SSR Mining and Silvercorp Metals lag behind sector leaders, but each has unique attributes that may reward investors willing to tolerate risk. With silver prices back near historical peaks, these laggards could play catch-up—or continue to struggle depending on execution and external factors.

As always, SVA reminds us to focus not only on market sentiment but on structural valuation metrics when deciding whether these stocks deserve a place in your portfolio.

👉 Watch the full analysis here: https://youtu.be/dJsp-mxG50g