Since silver surpassed its 45-year $50 ceiling last October, it has not challenged that price so far. Instead, that appears to be a new floor. Americas Gold and Silver Corp. (USAS) is a stock I like here, advises Peter Krauth, editor of Silver Stock Investor.
We are in the sixth straight year of silver deficits. Demand remains robust, yet supply keeps falling short. Solar requires 150Moz per year. Forecasts for AI and data center demand are for 100Moz within three years. Meanwhile, EV demand could reach 100Moz within five years, with plenty of growth in sight for both sectors.
According to The Silver Institute, last year we had the largest overall deficit ever of 318Moz when investment in ETFs is included. The Institute expects demand for physical silver coins and bars this year will be the second highest levels ever at 257Moz. That doesn’t sound like a market that is slowing down.
Americas Gold and Silver Corp. (USAS)
These entrenched fundamental drivers are why I am not concerned about short-term moves for silver. Whether silver takes one year or two years to regain the $100 level is not important. I expect ongoing, sustained high silver prices will help boost silver explorers and miners for years to come.
As for Americas Gold and Silver, it has earned an impressive spot on the 2026 TSX30™, ranking 24th among the Toronto Stock Exchange’s 30 top-performing companies based on dividend-adjusted share price performance over three years.
The company delivered a remarkable 477% share-price increase for the period ended June 30, while adding approximately $2.2 billion in market capitalization on the TSX. What’s more, its growing production of silver and other critical minerals positions the company to benefit from strong demand tied to AI, electrification, national security, and advanced manufacturing.
Recommended Action: Buy USAS.
