Silver has underperformed gold so far this year, and as of early December had dipped below $16 per ounce. 

The white metal has been buffeted by a number of factors, including the rise of cryptocurrencies like bitcoin. Indeed, Adrian Ash of BullionVault said recently that silver investment demand has sunk as bitcoin has swamped financial headlines.” 

Even so, some junior silver stocks have performed well this year, with a few recording impressive increases. The list below was generated on December 7, 2017 using the Globe and Mail’s market data filter, and it shows the TSXV-listed silver companies that have seen the biggest share price gains year-to-date.

Only companies with market caps above $5 million are included. If you think we’ve missed a junior silver stock that should be listed, please let us know in the comments. Our list of this year’s top-performing TSX-listed silver stocks can be viewed here.

1. New Nadina Explorations (TSXV:NNA)

Current price: $3.53; year-to-date gain: 4,052.94 percent

First on our list of top-performing junior silver stocks is New Nadina Explorations. The company has a number of properties in BC, Saskatchewan, the Northwest Territories and Nunavut.

New Nadina’s latest news came on December 4, when it announced that it had raised $693,750 from the first tranche of a non-brokered private placement. All of the money will be spent on exploration and drilling at the company’s BC-based Silver Queen silver-gold-copperleadzinc project.

The plan is to complete about 6,000 meters of drilling at the Blue zone anomaly intersected earlier this year. According to New Nadina, samples from the Blue zone are currently in the lab, with results pending.

2. Jaxon Mining (TSXV:JAX)

Current price: $0.23; year-to-date gain: 525 percent

It’s been a big year for Jaxon Mining, an explorati