The All Ordinaries Index (ASX: XAO) has gained a tepid 1.67% over the past 12 months, but don't blame this rocketing ASX All Ords silver share.
The fast-rising miner in question is Unico Silver Ltd (ASX: USL).
Despite closing down 4.20% on Thursday to 68.5 cents a share as investors fretted over the renewed attacks in the Middle East, the Unico Silver share price remains up 163% since this time last year.
Part of that stellar performance has been spurred by the surging silver price.
On Thursday, silver was trading for US$73.42 an ounce. That sees the silver price up a whopping 112.8% since 4 June 2025.
And Unico Silver has hardly been sitting on its laurels over this time.
Here's why Medallion Financial Group's Philippe Bui expects the Aussie miner to keep outperforming in the months ahead (courtesy of The Bull).
Image source: Getty Images
Should I buy the ASX All Ords silver share today?
"This silver explorer is advancing high grade deposits in Argentina's Santa Cruz province," Bui said.
Bui sounded a bullish note on Unico Silver's recent update on its Joaquin project. He said:
The Joaquin project recently delivered a 143% resource increase to 167 million ounces of silver equivalent since acquiring it in October 2024. The latest update was achieved from just 27,723 metres of drilling at a discovery cost of 11 US cents per ounce.
Then there's the outlook for ongoing strength in global silver prices.
"Silver demand is structurally supported by solar, electrification and green technology, giving USL direct leverage to a rising commodity," Bui said.
Summarising his buy recommendation on the ASX All Ords silver share, Bui concluded, "With the resource growing rapidly and development progressing, the investment case is building."
What did Unico Silver management say on the Joaquin upgrade?
Unico Silver shares closed up 9.2% on 7 May following the company's Joaquin exploration update. Shares gained another 11.5% the following day.
Commenting on the strong results boosting the ASX All Ords silver share, Unico Silver managing director Todd Williams said:
We continue to see strong and consistent drilling results across the Joaquin district, with mineralisation now extending beyond the March 2026 Mineral Resource across multiple prospects.
At Breccia Puntudo, the latest results represent the highest grades recorded to date and reinforce the potential of this structure as a key source of high-grade feed for the upcoming PFS [pre-feasibility study].
Importantly, mineralisation remains open along the 3.5-kilometre trend, with clear upside through further definition of high-grade shoots.
