How to Invest in Silver in Canada: A Complete Guide
In 2026, the price of precious metals such as silver has soared, driven by strong demand from central banks, growing concerns about the independence of the Federal Reserve, increasing fiscal spending and US intervention in Venezuela, and rising tensions with Iran.
As the price of silver continued to rise and reach new highs, investors began to focus on silver investments. Canadians looking to gain exposure to silver have multiple options, ranging from owning physical bullion to trading silver-linked stocks and ETFs.
This guide provides a clear, step-by-step overview of the various methods available for investing in silver in Canada, tailored to both novice and experienced traders.
Table of Contents
- Why Invest in Silver in Canada?
- Different Ways to Invest in Silver in Canada
- Silver vs. Gold: Which One is a Better Investment Option?
- Is Silver a Good Investment?
- How to Trade Silver in Canada?
- Conclusion
- Why Trust BTCC?
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Why Invest in Silver in Canada?
Although silver is no longer used as currency, it still has value as an investment. Its long history as a currency — spanning almost 4,000 years — and its practical applications in electronics and jewellery essentially ensure that it will always hold some value.
Although we tend to hear more about gold, which is far more expensive, silver can occasionally outperform as a precious metal investment. This happened in 2026.
In that year, silver prices constantly spiked to new highs. Several powerful forces are converging to shape silver’s trajectory in 2026. Following a 147% surge in 2025, the silver market entered the new year with tighter supplies, stronger industrial fundamentals, and a rapidly changing macro backdrop.
Many analysts now foresee a path to triple-digit silver prices in 2026, particularly given the metal’s 147% surge in 2025. Whatever the cause, the huge gains made by silver have made retail investors sit up and take notice, preparing to add the precious metal to their portfolios.
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Different Ways to Invest in Silver in Canada
Canadian investors can gain exposure to silver through different ways. Generally speaking, there are 4 main ways you can invest in silver from Canada:
- Buy physical silver
- Silver ETFs
- Silver stocks
- Trade silver via the futures market
The right option depends on what investors are looking for. Next, we will introduce each method in detail, explaining their features, pros and cons, etc.
Buying physical silver
This is the traditional way to invest in silver: you own the physical metal itself, either in the form of coins or bars. Some investors find it comforting to be able to hold a tangible asset in their hands and know that it is completely independent of the financial system.
In Canada, physical silver can be purchased at:
- The Big Five Banks, such as TD and RBC, sell silver bars in various sizes, but they come with a premium price tag.
- The Canadian Mint sells commemorative silver coins which you can purchase online.
- Local silver dealers in your city, such as Toronto Gold Bullion, are a great place to buy both bars and coins. Most have a physical store and an online presence.
- Online-only silver dealers such as Canadian PMX are also a great option.
However, there are two sides to this coin. If you want to own physical precious metals, you’ll probably have to pay more than the market price, and you’ll need to find a secure, insured place to store them.
Buying silver ETFs
Investing in a silver-linked ETF is arguably the easiest way to gain exposure to silver prices without having to buy physical silver. Silver ETFs aim to track the price of silver as closely as possible, minus the fees. ETFs hold real silver bars in a bank, and investors can usually trade their shares for the physical metal.
Silver ETFs provide exposure to silver prices without the need for physical storage or handling. The following sets out the most popular Canadian-listed ETFs that provide exposure to silver, either via physically backed bullion or synthetic exposure using futures contracts.
| Silver ETF | Inception date | Highlights |
| Sprott Physical Silver Trust (TSX:PSLV) | 2010-10-27 | Holds fully allocated and redeemable silver bullion in the Royal Canadian Mint |
| iShares Silver Bullion ETF (TSX:SVR) | 2009-07-15 | Provides exposure to silver prices hedged to CAD by holding bullion. |
| Horizons Silver ETF (TSX:HUZ) | 2009-06-24 | Tracks the Solactive Silver Front Month MD Rolling Futures Index ER. |
Investing in silver stocks
Another common way to invest in silver is through the stock market. For example, you can invest on the TSX. If you have a high risk tolerance and want to make a large sum quickly, investing in silver mines may be appropriate for you, provided you are comfortable with the possibility of losing your entire investment.
When you purchase shares in a company involved in silver mining or related activities, you are speculating indirectly on an increase in the value of silver over time. However, while silver stocks typically rise in value as the price of silver increases, this is not guaranteed.
The returns on investing in silver stocks can be influenced by various factors, including operational performance (grades, costs, and production) and the price of silver. Silver mining companies tend to be highly sensitive to changes in the silver price, meaning their share prices can often rise or fall by a greater percentage than the price of silver itself.
Investing in silver stocks enables investors to gain indirect exposure to silver prices. If you wish to invest in silver stocks, use a share trading platform to research and purchase shares in TSX-listed companies or overseas miners in international markets. If you are new to investing in silver shares, it is advisable to familiarize yourself with how it works.
Related article: Best Canadian Silver Stocks 2026
Trade silver via the futures market
Experienced traders can use futures and options contracts to speculate on the future price of precious metals. When you purchase silver futures, you are committing to buying an asset at a set price at a future date. In other words, you are paying today’s price for an asset that will be delivered at a later date. Therefore, whether you make or lose money depends on the difference between the price you paid and the price at the time of delivery.
These are complex financial instruments that use leverage, meaning you can control a large position with a relatively small amount of capital. While this can amplify gains, it can also amplify losses, making them a tool best suited to sophisticated strategies.
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Silver vs. Gold: Which One is a Better Investment Option?
Both gold and silver can act as a hedge against potential economic or market downturns and sustained periods of rising inflation. However, there are important differences between the two. Silver is generally cheaper and more volatile than gold, while gold has the potential to be a more effective portfolio diversifier.
If you’re considering investing in precious metals, you may be wondering whether silver or gold would be the better investment. Although silver is cheaper than gold, making it more accessible, the gold market is larger, offering more investment opportunities. Another factor to consider is that silver can tarnish, whereas gold does not.
The silver market is much more volatile, which can be both a benefit and a drawback depending on your investment timeframe. To achieve a well-rounded portfolio, it is advisable to invest in both silver and gold.
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Is Silver a Good Investment?
Silver has experienced tremendous growth over the last year. The price of this precious metal has jumped by around 200% in the last year alone, reaching nearly $100 per ounce — a figure that is virtually unheard of.
However, the run-up poses quite the conundrum for many investors. On the one hand, the price increases offer the prospect of substantial returns. On the other hand, they also signal greater risk and potential loss should the market reverse.
One notable feature of silver at the moment is its immense popularity. Demand for the precious metal has skyrocketed over the last 12 months, as has demand for its more expensive counterpart, gold. This helps to support current prices and potential price growth.
Silver isn’t just popular with investors and consumers these days. It’s also an essential component in countless products and electronic items, which drives up demand and supports strong pricing.
The fact that silver is limited in supply also points to continued price growth, potentially in the long term.
Ultimately, it’s impossible to predict where silver might go, so consumers need to understand what they want from their investments and how much risk they are willing to take on to achieve their goals.
How to Trade Silver in Canada?
When it comes to investing in silver in , as well as the above-mentioned ways, you can also invest via the BTCC platform. BTCC, one of the world’s longest-running cryptocurrency exchanges, supports tokenized silver futures trading with leverage of up to 500x. Users interested in silver trading can currently use USDT to trade silver commodities on BTCC without having to open an account with other traditional exchanges.
Note: You can deposit and receive up to 30,000 USDT now when you sign up and verify your account on BTCC. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 10 USDT coupon on completing your KYC verification.
The following sets forth the detail guidance on how to trade tokenized silver futures on BTCC.
Step 1: Create a BTCC account
Step 2: Complete BTCC’s identity verification
Step 3: Fund your BTCC account
On the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method
Step 4: Place your tokenized SILVERUSDT futures order
Go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”-“Tokenized Stocks & Commodities”-“SILVERUSDT”.
You can also directly click the button below to enter the silver order page.
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Then, choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and the tokenized silver futures contract order is completed.
Conclusion
Investing in silver in Canada is a viable way to diversify portfolios and protect against inflation. It enables Canadian investors to diversify their portfolios, gain exposure to industrial growth trends and potentially hedge against inflation.
If you’re unsure about buying silver amid the recent increase in prices, or if you simply wish to reduce your risk, experts recommend combining gold and silver investments as a sensible approach.
Talk to an investment advisor or financial professional if you need more guidance on your investment strategy. They can advise you on the right asset classes and help you time your investments properly to meet your goals.
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Why Trust BTCC?
BTCC is a trusted and well-respected exchange around the world thanks to its unwavering commitment to security and transparency. Since its establishment in 2011, BTCC has boasted an impeccable security track record, with zero reported hacks or breaches. Holding licenses in the U.S., Canada, and Europe, BTCC provides a comprehensive suite of trading features within a secure and regulated platform.
With a mission of providing a trading platform that is fair and reliable in every sense, BTCC platform supports spot trading for over 360 cryptocurrencies, crypto futures trading with leverage up to 500x, crypto copy trading that allows users to follow experienced traders, demo trading accounts pre-loaded with $100,000 in virtual funds, and tokenized futures for stocks and commodities. If you want to engage in cryptocurrency trading, you can start by signing up for BTCC.
BTCC Benefits⇓
BTCC offers a sign-up bonus for new users. Register now and start trading to receive your welcome rewards of up to 30,000 USDT. Additionally, VIP members can enjoy more benefits. Please note that your VIP level will increase based on your deposit amount. The more you deposit, the higher your level will be.
BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:
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FAQs
What is the easiest way for a beginner to invest in silver in Canada?
For most beginners, the easiest and most accessible way to invest in silver is via a silver ETF. This allows you to benefit from price movements in the silver market without having to deal with the complexities of storing and insuring physical bullion.
What is the cheapest place to buy silver Canada?
In Canada, the cheapest place to buy silver is generally an online bullion dealer such as Silver Gold Bull, Royal Bull, AU Bullion or Kitco. These dealers focus on larger bars (10 oz or 100 oz) or bulk purchases, which have lower per-ounce premiums. Coins often have higher premiums, but are more liquid. To get the best deals, always compare current prices from several dealers, and check for shipping costs and sales tax (GST/HST).
Will silver prices really hit $100 in 2026?
Based on the current movement in the price of silver, many analysts now believe that silver could reach triple digits, especially after the metal surged by 147% in 2025.
Please be aware that all investments involve risk, including the potential loss of part or all of your invested capital. Past performance is not indicative of future results. You should ensure that you fully understand the risks involved and consider seeking independent professional advice suited to your individual circumstances before making any decision.
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