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Global production of silver 2018 & 2023

Published by
M. Garside,
May 2, 2022
The mine production of silver worldwide is forecast to increase from around 850 million ounces in 2020, to over one billion ounces by 2023, mostly due to major projects that are expected to begin operations in Mexico, Chile, and Ecuador in during the forecast period.

Silver production worldwide in 2018 and 2020, with a forecast for 2021 and 2023 (in million ounces)

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Release date

February 2021

Region

Worldwide

Survey time period

2018 and 2020

Supplementary notes

*Forecast based on an expected increase of 8.1 percent from 2020.
** Forecast based on a CAGR of three percent during the forecast period 2019-2023.

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