Mapped: Which Countries Produce the Most Silver?
Silver is an essential metal for the electronics industry, which is helping fuel an expected rise in global demand over the coming years.
As mining of this crucial metal ramps up to meet demand, a select nation continues to dominate global silver output.
This map, created in partnership with Vizsla Silver Corp., uses the latest data from Metals Focus in the Silver Institute’s World Silver Survey to show the countries producing the most silver.
Mexico Leads Again
Here are the top silver-producing countries in the world as of 2023:
| Country | Millions of Ounces (Oz) |
|---|---|
 Mexico |
202.2 |
 China |
109.3 |
 Peru |
107.1 |
 Chile |
52.0 |
 Bolivia |
42.6 |
 Poland |
42.5 |
 Russia |
39.8 |
 Australia |
34.4 |
 U.S. |
32.0 |
 Argentina |
26.0 |
 India |
23.8 |
 Kazakhstan |
16.6 |
 Sweden |
12.6 |
 Indonesia |
10.3 |
 Morocco |
8.8 |
 Uzbekistan |
7.7 |
 Canada |
7.1 |
 Papua New Guinea |
4.3 |
 Spain |
3.7 |
 Brazil |
3.3 |
Mexico retains its position as the world’s leading silver producer, mining 202.2 million ounces (Moz)—accounting for nearly a quarter of the world’s total supply. The country’s deep-rooted silver mining history, rich reserves, and active mining sector keep it at the forefront of global production.
China followed as the second-largest silver producer with 109.3 Moz. In third place, Peru is closely behind at 107.1 Moz.
After Peru, South America is home to some of the world’s other most significant silver producers, such as Chile with 52.0 Moz and Bolivia with 42.6 Moz, which round out the top five.
A Historic Industry with a Bright Future
Mexico’s dominance in silver mining dates back centuries, with its reserves continuously tapped to meet growing global demand.
Today, projects like Vizsla Silver Corp’s Panuco project in northwest Mexico demonstrate the country’s vast potential. Panuco alone contains an estimated 201.4 million ounces of silver.
As the world looks toward a future of increased industrial and investment demand for silver, Mexico remains the undisputed leader in production, reinforcing its role as a cornerstone of the global silver supply chain.
Discover how Vizsla Silver Corp. promotes responsible mining practices to support the rising global demand for silver while building a sustainable future.
I’m Ready to Invest in Vizsla Silver Corp.
-
Maps1 month agoMapped: Ukraine’s Mineral Resources
Ukraine claims to hold nearly $15 trillion worth of mineral resources.
-
Mining2 months agoHow Rich is Canada in Natural Resources?
Canada’s natural resources were valued at $1.7 trillion in 2023.
-
United States2 months agoCharted: Top Suppliers of Aluminum and Steel to the U.S.
President Trump has imposed a 25% tariff on all steel and aluminum imports.
-
Money2 months agoHow Much Gold Exists for Every Person on Earth?
Dividing all discovered gold (244,000 metric tons) by the the people (8 billion): how much gold does everyone get?
-
Markets2 months agoCharted: The Global Mining Industry, by Market Cap
Australia tops the list, with its major mining companies totaling $353 billion in market cap.
-
Markets2 months agoRanked: How Key Commodities Have Performed Since 2019
Coffee and gold are among the best performing key commodities in recent years.
The post Mapped: Which Countries Produce the Most Silver? appeared first on Visual Capitalist.
var disqus_shortname = “visualcapitalist.disqus.com”;
var disqus_title = “Mapped: Which Countries Produce the Most Silver?”;
var disqus_url = “https://www.visualcapitalist.com/sp/which-countries-produce-the-most-silver/”;
var disqus_identifier = “visualcapitalist.disqus.com-175268”;