Silver Industry Statistics, Facts Trends and Data for 2025

Disclosure: Some of the links you’ll encounter are affiliate links. If you click and buy something, I’ll get a commission. If you’re reading a review of some precious metals company, please understand that some of the links are affiliate links that help me pay my bills and write about what I love with no extra cost to you. Thank you!

How big is the silver market?

Is silver a popular precious metal? Or is it fading in popularity?

Which country is the largest producer of silver in the world?

Find out in my updated silver industry statistics guide for 2025.

Use this jump link to jump to the KEY STATS section.

All the references and resources I used in crafting my stats guide are listed at the bottom of the page.

Jump here: Key Silver Industry Statistics, Facts and Trends| Detailed Silver Industry Statistics, Facts and Trends for this Year

Silver Statistics Facts Trends and Data for 2025
Silver Statistics Facts Trends and Data for 2025

Key Silver Industry Statistics, Facts and Trends

Key Silver Industry Statistics, Facts and Trends for 2025

  • The estimated global production of silver is 26,000 metric tons, which equals 917,123,758.79 ounces of silver. (Source)
  • Global silver production is rising by approximately 2% year-over-year, meaning this year’s tonnage will be beaten next year. (Source)
  • By 2032 it’s estimated 40 000 metric tons of silver will be produced globally in a calendar year. (Source)
  • According to the USGS, roughly 1.74 million metric tons of silver has ever been mined to date. (Source)
  • All the silver that has ever been mined, if melted and shaped into a cube, would create a cube that measures 55 meters (180.5 feet) on each side. (Source)
  • Mexico produces more than 199 million ounces of silver per year, making it the world’s largest silver producing country. (Source)
  • China is the second-largest silver producer globally, producing roughly 109.3 million ounces of silver per year. (Source)
  • Peru is the third-largest silver producer globally, producing roughly 107.1 million ounces of silver per year. (Source)
  • Chile is the fourth-largest silver producer globally, producing roughly 52 million ounces of silver per year. (Source)
  • Australia is the fifth-largest silver producer globally, producing roughly 34-35 million ounces of silver per year.
  • (Source)
  • The top three silver-producing countries (Mexico, China, and Peru) collectively account for over half of the world’s silver production. (Source)
  • Peru is estimated to have the largest silver reserves in the world at roughly 93,000 metric tons. (Source)
  • Australia has the second-largest silver reserves in the world, with an estimated 90,000 metric tons. (Source)
  • Russia has 45,000 metric tons of silver reserves waiting to be extracted from the ground, which represents 50% of the amount Peru has on its territory. (Source)
  • China possesses significant silver reserves estimated at 41,000 metric tons. (Source)
  • Mexico has considerable silver reserves estimated at 37,000 metric tons, despite being the biggest silver producer in the world. (Source)
  • Chile has estimated silver reserves of 26,000 metric tons. (Source)
  • The United States has estimated silver reserves of 25,500 metric tons. (Source)
  • Geologists and mining companies estimate that there are about 2.7-3.1 million metric tons of recoverable silver remaining in the world. (Source)
  • Experts estimate we have roughly 20 years of identified and undiscovered silver reserves remaining at current production rates. (Source)
  • The global demand for silver is roughly 1.21 billion ounces per year, including usage across all industries, jewelry, and investing purposes. (Source)
  • Demand for silver is rising by 1% year-over-year. Demand for silver globally isn’t static and in general is growing at a steady rate. (Source)
  • Silver demand is expected to rise to 2% per year in the next 5-10 years due to AI and industries heavily influenced by renewable energy sectors. (Source)
  • Industrial applications represent approximately 56% of total silver demand. (Source)
  • The global jewelry industry accounts for 18% of the global demand for silver. (Source)
  • Silver used as an investment vehicle and store of value represents 25-26% of total silver demand. (Source)
  • The silver market is approximately one-tenth the size of the gold market by value. (Source)
  • Silver prices are typically 50-80 times more volatile than gold prices. (Source)
  • Silver is generally more volatile than gold due to its smaller market size and higher industrial demand. (Source)

Detailed Silver Industry Statistics, Facts and Trends for this Year

How Many Metric Tons of Silver Аrе Produced Globally Every Year?

The estimated global production of silver is 26,000 metric tons (917123758.79 ounces of silver). This tonnage will be beaten next year as global silver production rises by ~2% YoY. (Source)

By 2032 it’s estimated 40 000 metric tons of silver will be produced globally in a calendar year. (Source)

Note: according to the USGS, roughly 1.74 million metric tons of silver has ever been mined to date. (Source)

All that mined silver melted and shaped into a cube would make a cube 55 meters (180.5 feet) on each side. (Source)

Which Countries are the World’s Largest Silver Producers?

The world’s largest silver producers are Mexico, China, and Peru, with Mexico leading the pack in terms of overall output.

These three countries collectively account for over half of the world’s silver production.

  • Mexico produces more than 199 million ounces of silver per year and is the world’s largest silver producing country. (Source)
  • China is the second-largest sliver producer globally with roughly 109.3 million ounces of silver produced per annum. (Source)
  • Peru is the third-largest sliver producer globally with roughly 107.1 million ounces of silver produced per annum. (Source)
  • Chile is the fourth-largest sliver producer globally with roughly 52 million ounces of silver produced per annum. (Source)
  • Australia is the fifth-largest sliver producer globally with roughly 34-35 million ounces of silver produced per annum. (Source)
Which Countries are the World's Largest Silver Producers?
Which Countries are the World’s Largest Silver Producers?

Which Countries Have the World’s Largest Confirmed Silver Reserves?

Peru holds the world’s largest confirmed silver reserves, followed by Australia and Poland. Other countries with significant silver reserves include Russia, China, Mexico, Chile, and the United States.

  • Peru is estimated to have the largest silver reserves, estimated at roughly 93,000 metric tons. (Source)
  • Australia has the second-largest silver reserves, with an estimated 90,000 metric tons. (Source)
  • Russia, despite being the biggest country in the world, has only 45, 000 metric tons of silver waiting to be extracted from the ground. That’s 50% of the amount Peru has on its territory. (Source)
  • China possesses significant silver reserves, estimated at 41,000 metric tons. (Source)
  • Mexico is the biggest silver producer in the world, but they don’t have the largest silver reserves in the world. Mexico has considerable reserves estimated at 37,000 metric tons. (Source)
  • The last two countries worth mentioning individually are Chile (estimated silver reserves are 26,000 metric tons) and United States estimated at 25,500 metric tons). (Source)
Which Countries Have the World's Largest Confirmed Silver Reserves?
Which Countries Have the World’s Largest Confirmed Silver Reserves?

Note: geologists and mining companies estimate that there are about 2.7–3.1 million metric tons of recoverable silver remaining in the world. (Source)

Experts estimate we have roughly 20 years of identified and undiscovered silver reserves remaining at current production rates. This estimate is based on current demand and doesn’t account for potential new discoveries or changes in mining technology or demand. (Source)

How much silver is left to be mined in the world?
How much silver is left to be mined in the world?

What’s the Global Demand for Silver per Year? Is it Rising or Falling?

The global demand for silver is roughly 1.21 billion ounces per year. This include silver usage across all industries and also for jewelry and investing purposes.

Demand for silver isn’t static. In fact, it’s rising by 1% YoY and it’s expected AI + industries heavily influenced by AI+ renewable energy sectors will push the demand for silver to rise to 2% per year in the next 5-10 years.

Note: industrial applications represent approximately 56% of total silver demand. (Source) Global jewelry industry accounts for 18% of the global demand for silver and the remaining 25-26% or silver goes to silver as investment vehicle and store of value. (Source)

What's the Global Demand for Silver per Year? Is it Rising or Falling?
What’s the Global Demand for Silver per Year? Is it Rising or Falling?

Silver used for investment purposes is refined into coins and bars and is usually bought by people with silver IRA accounts, i.e., people who bought IRA eligible silver and investment-grade silver, gold, platinum and palladium to use as hedges against inflation and uncertain economic times.

How Does the Silver Market Compare to the Gold Market?

The gold and silver markets, while both precious metal markets, have significant differences in volatility, market size, and industrial applications. (Source)

Silver is generally more volatile than gold (silver prices are typically 50-80 times more volatile than gold prices) due to its smaller market size and higher industrial demand.

The gold market is larger and more liquid, meaning it can absorb larger transactions with less impact on price. Gold is also often seen as a more stable investment and a hedge against inflation. (Source)

The silver market is approximately 1/10th the size of the gold market by value. (Source)

Silver Industry Statistics, Facts and Trends Guide (Conclusion)

My updated guide for 2025 lists the best and latest statistics, facts, trends and data about silver industry and how this precious metal is used worldwide.

I hope you enjoyed it because the guide is now over.

During my research, I consulted these resources below:

References:




Nikola Roza

Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.

Leave a Comment