Key Highlights

● Silver fell 0.71% to $56.999 an ounce on 16 October 2026, down 12.51% on the month.

● Silver remains up 9.81% over the past year despite recent weakness.

● Hecla Mining (NYSE:HL) and Coeur Mining (NYSE:CDE) are the main US-listed primary silver producers.

Silver fell 0.71% to $56.999 an ounce on 16 October 2026, extending a sharp 12.51% monthly decline and a 6.20% weekly drop, even though the metal remains up 9.81% over the past twelve months. Solar photovoltaic paste manufacturing continues to be a key source of industrial demand for silver, alongside electronics and electrical applications, even as the metal's recent price action has been dominated by broader shifts in investment positioning.

Which US-Listed Companies Are Exposed

Hecla Mining (NYSE:HL), which operates the Greens Creek mine in Alaska and the Lucky Friday mine in Idaho, is one of the largest US-listed primary silver producers, giving it direct operating leverage to the silver price.

Coeur Mining (NYSE:CDE) is another major US-listed silver and gold producer whose results move with realized silver prices alongside its gold production.