Silver Stocks Are Turning High Margins Into Dividends for Shareholders. 1 Precious Metals Stock to Buy Right Now. - theglobeandmail.com

AI desk brief

Wheaton Precious Metals is benefiting from elevated gold and silver prices, with Q2 average realized/contractual economics showing a wide spread: it paid $9.57/oz for silver and $543/oz for gold, then sold the metal at $73.41/oz and $4,452/oz respectively. That drove first-half cash operating margins up 139% for silver to $66.96/oz and 56% for gold to $4,099/oz, supporting an 18% dividend increase earlier this year.

The bullish angle for the stock is that Wheaton’s streaming model locks in low purchase costs, limiting inflation exposure versus traditional miners while preserving upside to spot prices. The article also notes precious metals remain in focus amid rising fiscal debt and geopolitical tensions, even after gold and silver pulled back from 2026 highs.