So far this year, ASX mining shares have continued to outperform after an exceptionally strong run in 2025.

The Metal & Mining Index is up 11.8% in the year to date (YTD) while the broader S&P/ASX 300 Index (ASX: XKO) is up 3.8%.

Here are three ASX mining shares that the experts think will more than double in value over the next 12 months.

Sun Silver Ltd (ASX: SS1)

This ASX silver mining share closed at $1.87 yesterday, up 0.8%.

Sun Silver shares have fallen 1.8% in the YTD and rocketed 159% over the past 12 months.

Sun Silver owns the Maverick Springs Silver-Gold Project in Nevada, US, which is the ASX's largest pre-production primary silver project.

Canaccord Genuity has a buy rating with a 12-month price target of $4.15, suggesting a potential upside of 122%.

However, East Coast Research says Sun Silver shares could reach $6.54 within 12 months, implying a potential 250% upside.

In a note, East Coast Research said:

SS1's impressive recent 3rd Mineral Resource upgrade in under 2 years since listing places its Maverick Springs Project as a standout, strategically significant U.S. primary silver asset at a time when silver is becoming an important element of the North American / western-based secure supply chain thematic.

Here is the outlook for the silver price in 2026.

Turalco Gold Ltd (ASX: TCG)

The Turalco Gold share price closed 2.3% higher at 68 cents yesterday.

The ASX gold mining share has fallen 18.7% in the YTD and ripped 88% over the past 12 months.

Morgans retained a buy rating on Turalco after a visiting its Afema Gold Project in Côte d'Ivoire.

The broker commented:

Afema represents one of the largest undeveloped gold projects on the ASX, hosting a 4.06Moz resource at 1.2g/t Au.

The visit included all key resource prospects, future growth corridors, site infrastructure, core yard and a visit through the local community — reinforcing both the scale of the system and development readiness.

Morgans has a 12-month share price target of $2.19. This implies a 220% potential upside over the next 12 months.

Canaccord Genuity is less ambitious.

It has a buy rating and a target of $1.45, which suggests a still impressive potential 113% capital gain over the year ahead.

Check out some 2026 gold price forecasts here.

True North Copper Ltd (ASX: TNC)

The True North Copper share price closed at 49 cents on Thursday, up 4.3%.

This ASX copper mining share has fallen 5.8% YTD but risen 32% over the past 12 months.

True North's flagship asset is the Mount Oxide exploration project, which has copper, silver, and cobalt deposits.

True North Copper also owns the Cloncurry Copper Project.

Morgans has a buy rating with a 12-month target of $1.20.

This suggests a possible 145% capital gain over the next year.

Check out Goldman Sachs' 2026 forecast for the copper price here.

The post 3 ASX mining shares tipped to double in a year appeared first on The Motley Fool Australia.

According to the 2026 LBMA Precious Metals Forecast Survey, the average annual price expectation for 2026 is US$79.57 per ounce.

That's lower than the current silver price of US$82.50 per ounce, at the time of writing.

But remember, the US$79.57 is an average annual prediction.

Analysts expect the silver price to trade in a wide range week-to-week, month-to-month, over the next year.

Some analysts suggest the silver price could trade as high as US$160 per ounce at some point in 2026.

Tailwinds for silver

The tailwinds for the silver price include geopolitical risks, the debasement trade, and rising industrial usage due to the energy transition.

As a precious metal, silver is considered the 'poor cousin' of gold, but it's still seen as a safe-haven option, and it's cheaper, too.

That's why the silver price typically runs about the same time as the gold price, but with a lag.

When people want safe-haven investments, they turn to gold first. When gold gets expensive, they turn to silver.

That's why the silver price massively outpaced the gold price last year, lifting 147% versus 65%.

Precious metals have become more attractive to investors due to increased geopolitics risks and a weakening US dollar.

Silver is also an industrial metal that is experiencing higher demand than usual due to the energy transition.

It's a key input in solar panels, technological devices, electric vehicles, and data centres due to its superior conductivity to copper.

Meantime, supply is constrained because silver is typically only produced as a byproduct at copper, gold, lead, and zinc mines.

Limited supply amid growing demand prompted the US to add silver to its critical minerals list last November.

Analyst views on the silver price for 2026

Let's take a look at some of the predictions in the 2026 LBMA Precious Metals Forecast Survey.

Bruce Ikemizu from the Japan Bullion Market Association (JBMA) has one of the most ambitious price targets for the silver price.

JBMA is an industry body that oversees precious metals trading in Japan.

Ikemizu predicts that the silver price could trade as high as US$160 per ounce and as low as US$65 per ounce this year.

Interestingly, the silver price fell from a record US$121 per ounce on 29 January to a low of US$67 per ounce last week during the sell-off.

Ikemizu's average annual price prediction for the year is US$120 per ounce.

The analyst comments:

In addition to the political and fiscal conditions which apply to gold, silver has its own reasons to reach much higher levels: supply and demand.

It's been more than six years of supply shortages and finally we have seen an extreme move in the liquidity of silver in 2025 which could flare up any time again in 2026 as the lease rate remains at a much higher level than gold. 

Political moves regarding silver, critical mineral status by the U.S. and export limitation by China add the fuel to the liquidity problem.

The liquidity problem is getting larger and that only leads to higher silver prices.

Julia Du of Industrial and Commercial Bank of China (ICBC), which is the largest bank in the world by total asset value, also has an optimistic view on the silver price.

Du predicts the silver price may trade as high as US$150 per ounce, and as low as US$62 per ounce during intermittent pullbacks this year.

Her annual average tip is US$125 per ounce.

Du expects sharp fluctuations in the silver price ahead, with periods of profit-taking sending the price lower, as we've just recently seen.

She says:

I expect silver to deliver a bullish performance in 2026, supported by the same macro drivers as gold: persistent geopolitical tensions, strong safe-haven demand, and continued Fed rate cuts.

Silver's smaller market size and lower entry cost make it more volatile, attracting investors seeking alternatives to expensive gold.

Structural supply deficits – driven by robust photovoltaic and industrial demand – combined with rising jewellery and investment purchases, will amplify price swings.

Regional dislocations from potential U.S. tariffs could further tighten supply and fuel speculative spikes.

Caroline Bain from Bain Commodities has one of the more bearish outlooks on the silver price.

She tips the silver price to trade at a peak of US$85 per ounce and a trough of US$45 per ounce throughout the year.

Her average annual price prediction is US$63.50 per ounce.

Bain said:

The price of gold is expected to fall in the second half of 2026, and the silver price is likely to fall by more in percentage terms.

The smaller, less liquid, silver market typically overshoots on both the upside and downside.

That said, the price will hold up better than if the market were solely driven by its high-beta relationship with gold.

There is strong industrial demand for silver in key growth sectors including electronics, renewable energy, automotives and data centres, which will offer underlying support to prices.

China has also started restricting exports and the market is in a structural deficit. Physical stocks are low.

How are ASX silver shares performing today?

ASX silver stocks are a mixed bag on Thursday.

Diversified miner, South32 Ltd (ASX: S32), which is one of Australia's top silver producers, is up 5.7% to $4.85 per share.

Sun Silver Ltd (ASX: SS1) shares are up 2.8% to $2.01. (By the way, one expert tips a 235% rise over the next 12 months.)

Unico Silver Ltd (ASX: USL) shares are up 6% to 89 cents.

Iltani Resources Ltd (ASX: ILT) shares are 5.9% higher at 54 cents.

Silver Mines Ltd (ASX: SVL) shares are down 4.2% to 23 cents and Investigator Silver Ltd (ASX: IVR) is down 6.4% to 12 cents.

The post What's the outlook for the silver price? appeared first on The Motley Fool Australia.

East Coast Research thinks there is more room to run for this ASX silver share, despite volatility in the commodity price.

In a new note, East Coast Research has revealed a 12-month price target of $6.54 for Sun Silver shares.

This tip implies a staggering 235% potential upside from the stock's closing value of $1.955 on Tuesday.

Before we find out why East Coast expects such strong growth, let's check in on Sun Silvers' recent performance.

How did Sun Silver shares survive the commodities rout?

Sun Silver shares reached an all-time high of $2.73 on 29 January.

That was the same day that the silver price reached a record of US$121 per ounce.

Then came the fall.

A major metals market sell-off last week saw the silver price nearly halve to a low of about US$67 per ounce, before rebounding.

Sun Silver shares followed suit, and remain nearly 30% off their historical high now.

The silver price is US$81.51 per ounce at the time of writing, down 2.2% and up almost 160% year over year.

Silver retains an impressive 2026-to-date growth rate of 15.5%.

What's the latest news with Sun Silver?

Sun Silver is developing the Maverick Springs Silver-Gold Project in Nevada, US.

The project has a JORC Inferred Mineral Resource Estimate of 539 Moz silver equivalent (AgEq) at 71g/t AgEq.

This includes 347.2Moz of silver (Ag) at 45.5g/t Ag and 2.25Moz of gold (Au) at 0.30g/t Au.

Sun Silver says this makes Maverick Springs the largest pre-production primary silver project on the ASX and within the US.

Last month, Sun Silver tripled its landholding by staking 427 additional lode claims to the north and south of the existing project.

Sun Silver also announced that further drilling had uncovered more thick silver-gold and antimony mineralisation at Maverick Springs.

In its December quarterly update, Sun Silver said it expects "further significant growth" for the silver/gold mineral resource estimate on the back of recent drilling results, as well as the potential for a maiden antimony mineral resource estimate.

Why will this ASX silver share rocket 235%?

In its note, East Coast Research praised Sun Silver for adding 59 Moz to its mineral resource estimate in the December quarter.

SS1's impressive recent 3rd Mineral Resource upgrade in under 2 years since listing places its Maverick Springs Project as a standout, strategically significant U.S. primary silver asset at a time when silver is becoming an important element of the North American / western-based secure supply chain thematic.

East Coast said the scale of Maverick's growth potential was unusual for an already large silver mining project.

Maverick Springs continues to reaffirm our original thesis that, apart from just peer set leading primary silver asset scale, the asset is still open for notable further exploration upgrade.

SS1's last 2 Mineral Resource upgrades have increased both scale and silver equivalent grades, which is an uncommon facet of large projects.

Sun Silver began trading on the US OTCQX market under the code (OTCQX: SSLVF) during the December quarter.

East Coast says this is "setting the stage for an eventual material rerate that rewards SS1 stockholders from the U.S. markets' silver premium".

East Coast said it viewed the recent pullback in the silver price as "an opportune time to increase exposure to silver, given that the medium- to long-term structural thesis supporting silver remains intact".

The silver price is supported by continuing safe-haven demand and rising industrial use in the green energy transition.

Given all these tailwinds, East Coast said its most conservative estimate for the Sun Silver share price is $5.96 within 12 months.

Its bull case is $7.11, a whopping 264% higher than where the ASX silver share closed yesterday.

The post Sun Silver shares to soar 235% in 12 months, tips expert appeared first on The Motley Fool Australia.

Sun Silver shares closed yesterday trading for $2.54. In morning trade on Friday, shares are swapping hands for $2.38 apiece, down 6.3%.

For some context, the S&P/ASX Small Ordinaries Index (ASX: XSO) is down 0.6% at this same time.

But you shouldn't feel too bad for long-term shareholders.

Despite today's retrace, the ASX silver share remains up 255.2% over the past 12 months, smashing the 23.1% one-year returns delivered by the Small Ords.

And investors who picked up the silver miner at its one-year closing low on 7 April will still be sitting on eye-popping gains of 332.1%. Or enough to turn an $8,000 investment into $34,568.

That meteoric rise has partly been fuelled by the surging silver price. Silver is currently trading for US$116 per ounce, right near the all-time highs set earlier this week. That sees the silver price up 268% since this time last year.

Investors have also been piling into Sun Silver shares amid the miner's own successes on, and under, the ground.

But following the release of the company's December quarterly update this morning, there looks to be some profit-taking going on today.

Here's what's happening.

ASX silver share boosts mineral resource by 59 million ounces

With shares up more than 330% in less than 10 months, investor expectations are clearly high for Sun Silver.

The ASX silver share is primarily focused on its cornerstone asset, the Maverick Springs Silver-Gold Project, which is located in the US state of Nevada.

And over the December quarter, the Maverick Springs mineral resource increased by 59 million ounces of silver equivalent (AgEq) to 539 million ounces of AgEq at 71g/t AgEq. Management credited the increased resource to the 2025 drill campaign and an "extensive historical re-assay program".

(Note, the mineral resource is comprised of both silver and gold. Sun Silver reported 347.2 million ounces of silver at 45.5g/t Ag and 2.25 million ounces of gold at 0.30g/t Au.)

The Maverick Springs system remains open in all directions.

On the December quarter drilling campaign, Sun Silver noted:

Drilling results continued to validate the continuity, quality, and scale of silver-gold mineralisation across the system, reinforcing its position as a world-class, large-scale precious metals system.

As for the re-assay program, management said those results confirmed the presence of near surface antimony zones, "strengthening the potential for a maiden antimony mineral resource estimate" at Maverick Springs.

And potentially offering longer-term support for the ASX silver share, 2025 saw silver added to the US Department of the Interior critical minerals list. Sun Silver said this designation is "enhancing US and Australian government interest" in Maverick Springs.

The post Up 333% since April, why is this ASX silver share tumbling on Friday? appeared first on The Motley Fool Australia.

ASX mining shares dominate the list of companies hitting these new price milestones today.

Arguably, the most significant price peak today is for BHP Group Ltd (ASX: BHP) shares.

BHP reclaimed its place as the All Ords' largest share by market capitalisation from Commonwealth Bank of Australia (ASX: CBA) today.

CBA took the title from BHP in July 2024 during an unprecedented run that took it to a record $192 per share in June 2025.

The CBA share price is $150.35 on Tuesday, up 0.85%, while BHP shares are $49.66, up 2.54%, at the time of writing.

The BHP share price hit a two-year high of $50.08 this morning.

But today isn't all about BHP shares.

Plenty of other ASX All Ords shares have smashed new multi-year highs as well.

Here's a sample.

ASX All Ords shares reaching new price highs

As stated earlier, mining shares dominate the list of company highs today, so let's focus on them first.

Besides BHP, two other large-cap ASX diversified miners hit new 52-week share price highs.

The Mineral Resources Ltd (ASX: MIN) share price rose 2.8% to a 52-week high of $64.05.

South32 Ltd (ASX: S32) shares hit a 52-week high of $4.54 per share, up 3.4%.

Among the ASX All Ords gold shares, Newmont Corporation CDI (ASX: NEM) lifted 1.9% to a record high of $181.91.

The Resolute Mining Ltd (ASX: RSG) share price soared 10.3% to a 52-week peak of $1.50.

Ramelius Resources Ltd (ASX: RMS) shares surged 3.5% to a record $5.09.

Regis Resources Ltd (ASX: RRL) shares increased 2.8% to a multi-year high of $8.58.

Copper and gold miner Firefly Metals Ltd (ASX: FFM) lifted 5.8% to a 52-week high of $2.20 per share.

Among ASX silver shares, Silver Mines Ltd (ASX: SVL) rose 12.5% to a 52-week high of 27 cents.

Canaccord Genuity sees more growth ahead for Sun Silver Ltd (ASX: SS1) shares, which rose 6.5% to a record $2.47 apiece today.

ASX All Ords lithium shares also hit new price peaks.

Shares in lithium and nickel producer IGO Ltd (ASX: IGO) increased 2% to a two-year high of $9.50.

The Winsome Resources Ltd (ASX: WR1) share price lifted 11.7% to an 18-month high of 67 cents.

Hot Chili Ltd (ASX: HCH) shares soared 9.2% to a 52-week high of $1.89.

Among ASX All Ords copper shares, Capstone Copper Corp CDI (ASX: CSC) soared 8.8% to a record $16.27 per share.

The Develop Global Ltd (ASX: DVP) share price rose 5.8% to a four-year high of $5.67.

What about ASX All Ords shares from other sectors?

ASX All Ords retail stock Nick Scali Limited (ASX: NCK) ascended 1.9% to a record $26.08 per share.

Engineering services company Monadelphous Group Ltd (ASX: MND) lifted 3.6% to a record $30.98.

Testing and inspection services provider ALS Ltd (ASX: ALQ) rose 1.4% to a record $24.41.

The post ASX All Ords shares smashing 52-week highs today appeared first on The Motley Fool Australia.

ASX 200 materials is up 1.5% as mining shares continue their remarkable run on the back of strongly increasing commodities.

The market's largest miner, BHP Group Ltd (ASX: BHP), rose to a two-year high of $50.08 per share this morning.

Amid this rosy backdrop, here are two outperforming ASX mining shares that have more than tripled in value over the past year.

And Canaccord Genuity reckons they still have more room to run.

Sun Silver Ltd (ASX: SS1)

Sun Silver is developing the Maverick Springs silver-gold deposit in Nevada, US.

The deposit has a JORC Inferred Mineral Resource Estimate of 539 Moz silver equivalent (AgEq) at 71g/t AgEq.

This includes 347.5Moz Ag at 45.5g/t Ag and 2.25Moz gold at 0.30g/t Au.

Sun Silver says this makes Maverick Springs the largest pre-production primary silver deposit listed on the ASX and within the US.

This month, Sun Silver tripled its landholding by staking 427 additional lode claims to the north and south of the existing project.

The Sun Silver share price is $2.39, up 3.01% after reaching a record $2.44 in earlier trading.

This ASX silver mining share has soared 237% over the past 12 months.

Sun Silver is benefiting from the gallivanting silver price, which leapt beyond US$100 per ounce for the first time yesterday.

Silver is supply-constrained at a time of rapidly rising global demand, largely due to its industrial usage in the green energy transition.

Silver is a key input in solar panels, tech devices, electric vehicles, and data centres due to its superior electrical conductivity to copper.

The silver price is up 256% over the past 12 months.

Like gold, silver is also a precious metal finding favour with investors as a safe haven amid volatile global geopolitics and economics.

This month, Canaccord Genuity reiterated its buy rating on Sun Silver with a share price target of $4.15.

This implies a potential upside of close to 75% over 12 months.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is 28 cents, down 3.5% on Tuesday and up 211% over the past year.

This ASX lithium mining share is riding the wave of increased demand for lithium since mid-2025.

The global oversupply that smashed lithium commodity prices in 2023 is over, and demand for batteries and electric vehicles is rising.

Analysts at Trading Economics say the lithium carbonate price is now at a two-year high and up 30% already in 2026.

Core Lithium put its flagship Finniss Project into care and maintenance in early 2024 due to weak lithium prices.

The miner released a restart plan last year and says it will only take a month to resume production, once it finds new financial partners.

This month, Canaccord Genuity reiterated its buy rating on Core Lithium and lifted its share price target from 27 cents to 40 cents.

This implies a potential upside of more than 40% over 12 months.

The post 2 ASX mining shares up 200% in a year and tipped to keep rising appeared first on The Motley Fool Australia.

At the time of writing, the silver price is 3.1% higher at US$99.10 per ounce, which is a new record.

Other precious metals are also soaring as investors digest new US data showing GDP growing at its fastest pace in two years.

The gold price rose 0.5% to reach a record US$4,958 per ounce in earlier trading. Gold is up 7.4% this week and 80% year over year.

Platinum is also up 3.3% today to a record US$2,661 per ounce. Platinum has risen 6.9% this week and is up 171% year over year.

Palladium is up 2.1% to $1,969 per ounce, and has lifted 5.2% this week and 98% year over year.

Why is the silver price charging higher?

Trading Economics analysts said investors were reassessing resilient US growth alongside signs that inflation remains contained.

US GDP increased at an annual rate of 4.4% in the third quarter of 2025, according to an updated estimate from the Bureau of Economic Analysis (BEA).

This compares to a second-quarter increase of 3.8% and a first-quarter decline of 0.6%.

The BEA said:

The acceleration in real GDP in the third quarter reflected upturns in investment, exports, and government spending, as well as an acceleration in consumer spending.

Imports decreased less in the third quarter than in the second.

Regarding the impact on the silver price, Trading Economics analysts said:

While the upward revision to Q3 GDP growth to 4.4% reinforced the view that the economy remains strong and reduced the urgency for near term policy easing, recent inflation data signaled steady disinflation rather than renewed overheating, helping stabilize expectations around future policy restraint.

That balance limited downside pressure from growth resilience and allowed silver to recover, even as easing geopolitical rhetoric around Greenland tempered immediate safe haven demand.

The analysts said silver continues to benefit from persistent supply constraints in a fourth consecutive year of global supply deficits.

Silver has increased relevance in the global economy today.

It's a key input in solar panels, tech devices, electric vehicles, and data centres due to its superior electrical conductivity to copper.

Silver was the best-performing metal or mineral of 2025, rising 147% in just 12 months.

Like gold, silver and other precious metals are also seen as investment safe havens when global geopolitics and economics are uncertain.

Let's see what's happening with the few silver miners listed on the ASX today.

ASX silver shares rising strongly

ASX 200 large-cap mining share South32 Ltd (ASX: S32) hit a near three-year high of $4.46 in earlier trading, up 1.4%.

South32 owns the Cannington mine in north-west Queensland, which is one of the world's largest producers of silver and lead.

The South32 share price has since retreated to $4.36, down 0.9%.

Silver Mines Ltd (ASX: SVL) shares are up 5.45% to 23 cents.

The Sun Silver Ltd (ASX: SS1) share price is up 6.05% to $2.28.

Unico Silver Ltd (ASX: USL) shares are up 4.5% to $1.05.

Iltani Resources Ltd (ASX: ILT) shares are up 7% to 70 cents apiece.

Boab Metals Limited (ASX: BML) shares are up 12.37% to 55 cents.

The Argent Minerals Limited (ASX: ARD) share price is up 12.4% to 55 cents.

The post ASX silver shares streak higher as silver price nears US$100 appeared first on The Motley Fool Australia.