Here's Why Shares in Hecla Mining Surged Higher Today

By Lee Samaha – Mar 31, 2026 at 1:50PM ESTKey PointsSilver isn't behaving like a non-correlated asset right now, but that could change soon. Future demand for silver is likely to be boosted by its use in a bew generatrion of AI data centers. Shares in Hecla Mining Co (HL +7.70%) popped 7% at 1 p.m. today as the market bid the stock higher amid a rise in silver prices. What it means to Hecla Mining investors The rise in the latter is somewhat double-edged for investors. It comes as equity markets rose in response to commentary from President Trump, alluding to the potential ending of attacks on Iran. All of which is fine, but the corollary is that, for the moment, silver and silver stocks like Hecla are correlated with equity markets. Image source: Getty Images. That's not entirely how investors expect silver or Hecla Mining to behave, but it does reflect the buildup in speculative investment money in the sector over the last year or so. Instead, investors often turn to silver, and gold for that matter, as an asset class that can generate non-correlated returns. Where next for Hecla Mining It's incredibly difficult to predict when silver will decouple from other asset classes like equities, but it's likely only a matter of time. The metal's main demand comes from the industrial sector, and marginal demand may be driven by the growing use of silver in AI data centers in the future. ExpandNYSE: HLHecla MiningToday's Change(7.70%) $1.32Current Price$18.55Key Data PointsMarket Cap$12BDay's Range$17.64 - $18.5552wk Range$4.46 - $34.17Volume14MAvg Vol24MGross Margin40.87%Dividend Yield0.09% That's great news for Hecla Mining, as management is doubling down on silver in 2026 by selling some gold assets and ramping investment in exploring and developing silver assets. Read NextMar 27, 2026 •By Lee SamahaHere's Why Hecla Mining Crushed the Market TodayMar 20, 2026 •By Eric VolkmanWhy Hecla Mining Stock Withered This WeekMar 19, 2026 •By Neha ChamariaWhy Has Hecla Mining Stock Plunged 50% From 52-Week High?Mar 11, 2026 •By Rich SmithWhy Hecla Mining Dropped Again TodayMar 10, 2026 •By Lee SamahaHere's Why Shares in Hecla Mining Popped Higher TodayMar 9, 2026 •By Rich SmithWhy Hecla Mining Stock Dropped TodayAbout the AuthorLee Samaha is a contributing Stock Market Analyst at The Motley Fool covering industrials, electricals, energy, materials, transportation, and infrastructure stocks. Prior to The Motley Fool, Lee was a Civil Engineer and Investment Manager. He holds a Bachelor of Civil and Structural Engineering from Southampton University and a Certificate in Investment Management from Chartered Institute for Securities & Investment. Lee first cut his investing teeth on The Motley Fool bulletin boards (commonly referred to as the “Fool Boards,”) and he’s infinitely grateful to all of the investors he learned from in this powerful investing community.TMFSaintGermainX@LeeSamahaStocks MentionedHecla MiningNYSE: HL$18.55(+7.72%)+$1.33*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.