Silver is having its time to shine. It isn’t only a valuable metallic like gold; it has a big industrial element of demand. It’s utilized in electronics, photo voltaic panels, batteries, and different inexperienced and clean-tech functions. This has created an important want for the product, and but there was a provide deficit. Add in a weaker U.S. greenback, decrease rates of interest, and geopolitical uncertainty, and silver seems to be like a strong funding. But in the long term? These three silver shares look able to shimmer.

PAAS

Pan American Silver (TSX:PAAS) has develop into one of many standout alternatives for traders seeking to trip the silver rally this October. The silver inventory is likely one of the world’s largest main silver producers, with further publicity to gold, zinc, and copper. Its portfolio consists of main mining operations in Mexico, Peru, Bolivia, Argentina, and Canada, together with growth tasks that may prolong manufacturing for many years.

Pan American’s latest earnings reinforce that stability. In its second-quarter (Q2) 2025 outcomes, the silver inventory reported income of US$604 million, up sharply yr over yr, and a return to profitability after a difficult 2023. Manufacturing volumes improved due to stronger output at its Mexican and Peruvian mines, and administration reaffirmed full-year manufacturing steering. Maybe most significantly, debt ranges stay low, giving the corporate flexibility to reinvest and pursue accretive tasks even when the market turns unstable.

The silver inventory additionally continues to combine its acquisition of Yamana Gold’s Latin American belongings, accomplished final yr. That deal added main producing mines, together with Jacobina and El Peñón. Briefly, Pan American Silver stands out as the perfect silver mining inventory to purchase in October. It’s large enough to be secure, sufficiently small to nonetheless develop, and disciplined sufficient to outlast the cycle.

ASM

Avino Silver & Gold Mines (TSX:ASM) is a small-cap Canadian miner that’s beginning to punch above its weight, and October may very well be its second. At its core, Avino is a pure-play silver producer. Its flagship operation, the Avino Mine, sits in Durango, Mexico, a area with over 500 years of steady mining historical past.

The silver reported sturdy momentum in its Q2 2025 outcomes, with income of US$12.2 million, up greater than 20% yr over yr, and mine working earnings of US$4.3 million, reflecting each greater silver costs and improved operational effectivity. Administration additionally reaffirmed full-year manufacturing steering of roughly 2.5 to three million silver-equivalent ounces, a determine that continues to climb annually.

What makes Avino particularly interesting this October is its low-cost construction and stability sheet energy. The silver inventory’s all-in sustaining prices stay aggressive, round US$18 to US$19 per ounce, effectively under present silver costs close to US$30. Past present operations, Avino has severe growth potential. The corporate just lately started advancing its La Preciosa challenge, additionally in Durango, considered one of Mexico’s largest undeveloped main silver deposits, with over 100 million ounces of silver equal sources. Briefly, Avino stands out this October as a result of it combines sturdy fundamentals with highly effective upside potential.

Backside line

Silver could also be having a second, however so are these two silver shares. And what’s even higher is that even when the recognition of the valuable metallic drops, these two have confirmed to have the ability to carry on rising. So, if you happen to’re thinking about silver shares, you’ll want to add these to your watchlist at this time.