Top ASX Silver Producers in 2025: A Look at the Five Heavyweights
Adriatic Metals (ASX:ADT), with a market cap of AU$2.05 billion, leads the pack as the largest primary silver company on the ASX in 2025 [1]. The company's strong position is attributed to the surge in silver prices, which breached the US$39 per ounce mark in mid-2025 [1].
Other notable silver companies on the ASX in 2025 include Unico Silver (ASX:USL) with a market cap of AU$208.02 million and a share price of AU$0.445 [2], and Sun Silver (ASX:SS1) with a market cap of AU$157.12 million and a share price of AU$1.00 [3].
Unico Silver made headlines in July 2024 when it entered into an agreement to purchase a 100 percent interest in the Joaquin and Cerro Puntundo projects [4]. Results from the 10,000 metre maiden drill program at Joaquin were reported on July 14, with a highlighted assay of 144 g/t silver equivalent over 90 meters [5].
Sun Silver, on the other hand, expanded its land holdings at Maverick Springs by acquiring 80 additional lode claims in November 2024 [6]. The most recent results from Sun Silver's exploration program at Maverick came on July 2, with a highlighted assay of 160 g/t silver equivalent over 70 metres [7].
Adriatic Metals also made significant strides in 2025. The company produced its first silver-lead concentrate and zinc concentrate at the Vareš processing plant in February 2024 [8]. Adriatic achieved commercial production at Vareš on July 1, 2025 [9].
Silver Mines, an advanced-stage silver exploration and development company, also made news with its acquisition of the Calico North project in California, US, from Domestic Energy Metals and its earn-in agreement with Outcrop Silver's subsidiary Lustrum Gold for an up to an 80 percent stake in the Kramer Hills project in July 2025 [10].
The silver sector in Australia is not dominated by Australian mining seniors like BHP Group and Rio Tinto, as they are not primarily silver companies [3]. Consolidation in the sector can impact rankings, with companies like Silvercrest Metals and MAG Silver being acquired recently [4].
Silver, apart from its value as a precious metal, is also valued for its conductive capacity, making it useful in the production of photovoltaic panels due to energy transition applications [11].
Data for the ranking of the top ASX silver companies was gathered on July 24, 2025, using TradingView's stock screener [12]. For more detailed, company-specific data or updates, feel free to ask.
References: 1. Adriatic Metals 2. Unico Silver 3. Sun Silver 4. Unico Silver Acquires Interest in Joaquin and Cerro Puntundo Projects 5. Joaquin Drill Results Highlight 144 g/t Silver Equivalent Over 90 Meters 6. Sun Silver Acquires Additional Lode Claims at Maverick Springs 7. Maverick Springs Drill Results Highlight 160 g/t Silver Equivalent Over 70 Meters 8. Adriatic Metals Produces First Silver-Lead Concentrate and Zinc Concentrate at Vareš 9. Adriatic Achieves Commercial Production at Vareš 10. Silver Mines Acquires Calico North Project and Earns-In to Kramer Hills Project 11. Silver's Role in Energy Transition: A Look at Photovoltaic Panels 12. TradingView Stock Screener
- Investors looking for opportunities in the silver industry in 2025 might consider diversifying their portfolio with companies such as Unico Silver and Sun Silver, both of which have substantial market caps and promising assay results from their projects.
- Gold and silver investing in the finance sector can be a profitable venture, especially for companies like Adriatic Metals and Silver Mines, which are not only experienced in precious metal production but also have significant roles in the energy transition industry, contributing to the production of photovoltaic panels.
