After a five-year decline of 51.93 percent, 2016 has been silver’s comeback year, with the metal gaining 23.58 percent year-to-date.

The silver price is sitting at $17.38 per ounce as of June 15, however the majority of analysts polled in FocusEconomics‘ June 2016 report see prices for the metal ending 2016 at lower levels than they are presently.

Although FocusEconomics’ panelists don’t see the silver price rising until the fourth quarter of 2017, the report states market fundamentals dictated by concerns over the global economy-and particularly China’s slowdown-will help to bring about an increase in silver prices long term.

On the other hand, Money Morning resource specialist, Peter Krauth, projects the silver price will reach $20 an ounce by the end of 2016. That’s a 28 percent increase from current silver prices.

Regardless, the silver price is seeing a better year than it has in a long time, so Investing News Network (INN) looked at a few silver stocks that are doing well year-to-date.

Silvercorp Metals (TSX:SVM)

Silvercorp has seen significant gains so far in 2016, rising 330.3 percent year-to-date-a $2.18 spike-to $2.82 per share.  Over a one-year period, the company’s shares have increased 105.8 percent.

Silvercorp released its financial and operating results for the fourth quarter and fiscal year ending March 31, 2016. Silver sales of 1 million ounces increased by six percent in the fourth quarter, compared to the same quarter the year before.

In fiscal 2016, on a consolidated basis, the company sold five million ounces of silver.

First Majestic Silver (TSX:FR)

First Majestic currently operates six silver mines in Mexico. Production from all six mines is anticipated to be somewhere between 12-13.3 million ounces of pure silver in 2016.

In May, the company announced the closing of a $50 million bought deal financing, issuing an aggregate o 5,250,900 common shares at a price of $10.95 per common share.

Meanwhile, First Majestic President and CEO, Keith Neumeyer, recently said he believes the silver price could some day hit $1,000 per ounce, predicting it will first hit $140 an ounce by 2019.

Year-to-date, First Majestic’s shares have increased 270.29 percent to $16.65.  Over a one-year period, shares of the company have steadily risen 165.92 percent.

Great Panther Silver