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Silver reserves worldwide by country 2018
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Silver reserves worldwide by country 2018
Silver reserves worldwide as of 2018, by country (in 1,000 metric tons)
by M. Garside,
last edited
Mar 25, 2019
This statistic shows the silver reserves worldwide as estimated in 2018, distributed by major countries. As of that year, the United States had estimated silver reserves of approximately 25,000 metric tons. Australia, with an estimated 89 thousand metric tons, was ranked second worldwide based on silver reserves.
Global silver reserves
Silver is a soft, white lustrous metal and its precious metal status has established a growing silver market. In 2016, the average price of silver was around 17.1 U.S. dollars per ounce. As a precious metal, silver is often used in the industry for currency as coins, ornaments, jewelry, and silverware. It has the highest electrical and thermal conductivity of any metal, which makes it extremely useful for certain industrial applications, such as electrical contacts and conductors as well as a catalyst in chemical reactions. Silver has also been used for other applications, such as in cell phones and solar panels.
In 2018, the mining industry produced some estimated 27,000 metric tons of silver. Only about 20% of silver is from primary silver production, mostly, it is collected as a by-product through the mining of other metals like copper, lead, zinc, and gold. Silver experienced the highest production in Mexico, China, and Peru in 2016. Based on 2018 data, Peru, Poland and Australia have the largest silver reserves with 110, 110, and 89 thousand metric tons, respectively. Four of the 25 largest silver mining companies are located in Mexico. It is also home to large silver belts such as Sierra Madre belt located within the Sierra Madre Occidental mountain range. Peru is home to some of the top silver production companies, such as Fresnillo Plc. In Australia, much of its silver arises from galena, a silver-bearing lead mineral, hence, Cannington Mine, the largest silver and lead mine in the world in Queensland.
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by M. Garside,
last edited
Mar 25, 2019
This statistic shows the silver reserves worldwide as estimated in 2018, distributed by major countries. As of that year, the United States had estimated silver reserves of approximately 25,000 metric tons. Australia, with an estimated 89 thousand metric tons, was ranked second worldwide based on silver reserves.
Global silver reserves
Silver is a soft, white lustrous metal and its precious metal status has established a growing silver market. In 2016, the average price of silver was around 17.1 U.S. dollars per ounce. As a precious metal, silver is often used in the industry for currency as coins, ornaments, jewelry, and silverware. It has the highest electrical and thermal conductivity of any metal, which makes it extremely useful for certain industrial applications, such as electrical contacts and conductors as well as a catalyst in chemical reactions. Silver has also been used for other applications, such as in cell phones and solar panels.
In 2018, the mining industry produced some estimated 27,000 metric tons of silver. Only about 20% of silver is from primary silver production, mostly, it is collected as a by-product through the mining of other metals like copper, lead, zinc, and gold. Silver experienced the highest production in Mexico, China, and Peru in 2016. Based on 2018 data, Peru, Poland and Australia have the largest silver reserves with 110, 110, and 89 thousand metric tons, respectively. Four of the 25 largest silver mining companies are located in Mexico. It is also home to large silver belts such as Sierra Madre belt located within the Sierra Madre Occidental mountain range. Peru is home to some of the top silver production companies, such as Fresnillo Plc. In Australia, much of its silver arises from galena, a silver-bearing lead mineral, hence, Cannington Mine, the largest silver and lead mine in the world in Queensland.
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- Release date
- March 2019
- Region
- Worldwide
- Survey time period
- 2018
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- Release date
- March 2019
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- Region
- Worldwide
- Survey time period
- 2018
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Statistics on "Silver"
- Global overview
The most important statistics
- Silver reserves worldwide as of 2018, by country (in 1,000 metric tons)Silver reserves worldwide by country 2018
- Global mine production of silver from 2005 to 2018 (in metric tons)World silver mine production 2005-2018
- Major countries in worldwide silver mine production from 2010 to 2018 (in metric tons)Silver production in major countries 2010-2018
- Leading silver producing countries worldwide in 2018 (in million ounces)Leading global silver producing countries 2018
- Major countries based on silver export value in 2018 (in billion U.S. dollars)Silver export value of major countries 2018
- Leading primary silver mines worldwide in 2018 (in million ounces)Leading global primary silver mines 2018
- Distribution of silver production worldwide from 2011 to 2018, by primary source metalDistribution of global silver production by primary source metal 2011-2018
- Leading primary producers
The most important statistics
- Leading silver mining companies worldwide in 2018 (in million ounces)Leading silver producing companies worldwide 2018
- Revenue of Fresnillo plc from 2008 to 2018 (in million U.S. dollars)* Revenue of Fresnillo 2008-2018
- Silver production of Fresnillo plc from 2008 to 2018 (in million ounces)Annual silver production of Fresnillo 2008-2018
- Glencore's total revenue from 2008 to 2018 (in million U.S. dollars)*Glencore's total revenue 2008-2018
- Glencore's sales volume of silver from 2013 to 2018 (in million ounces)Glencore's volumes sold of silver 2013-2018
- Total revenue of Goldcorp from 2007 to 2018 (in million U.S. dollars)*Goldcorp's total revenue 2007-2018
- Silver production of Goldcorp from 2010 to 2018 (in 1,000 ounces)Goldcorp's silver production 2010-2018
- Annual revenue of Polymetal International from 2012 to 2018* (in million U.S. dollars)Polymetal International's annual revenue in 2012-2018
- United States
The most important statistics
- Mine production of silver in the United States from 2005 to 2018 (in metric tons)U.S. silver mine production 2005-2018
- Silver production value in the United States from 2005 to 2015 (in million U.S. dollars)*U.S. silver production value 2005-2015
- Silver mine production in the United States from 2009 to 2015, by state (in 1,000 kilograms)U.S. silver mine production 2009-2015, by state
- Refinery silver production in the United States from 2007 to 2018 (in metric tons)U.S. refinery silver production 2007-2018
- Employment in silver mines and mills in the United States from 2008 to 2018*Employment in U.S. silver mines and mills 2008-2018
- Silver imports for consumption in the United States from 2008 to 2018 (in metric tons)*U.S. silver imports for consumption 2008-2018
- Distribution of silver imports to the United States between 2013 and 2016, by country of origin*Distribution of U.S. silver imports by country 2013-2016
- Exports of silver from the United States from 2008 to 2018 (in metric tons)*Silver exports from the U.S. 2008-2018
- Supply, demand, price
The most important statistics
- Silver supply worldwide in 2018, by source (in million ounces)Global silver supply by source 2018
- Global silver demand in 2018 by purpose (in million ounces)Global silver demand by purpose 2018
- Annual changes for world silver demand by region in 2017 compared to 2016 (in million ounces)World silver demand annual changes by region 2017
- Annual change percentage for world silver demand in 2017 compared to 2016 by sector*World physical silver demand change percentage by sector 2017
- Average Comex spot price of silver from 1975 to 2018 (in U.S. dollars per ounce)Average Comex spot price of silver 1975-2018
- Average London fix price of silver from 1975 to 2018 (in U.S. dollars per ounce)Average London fix price of silver 1975-2018
- Average prices for silver worldwide from 2014 to 2025 (in nominal U.S. dollars per troy ounce)Average prices for silver worldwide from 2014 to 2025
- Returns on silver investments from 2008 to 2018Rate of return on silver investments worldwide 2018
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Silver reserves in Canada 1980-2016
- Copper reserves of Chile 2009-2018
- Chile: silver production volume 2018, by region
- Silver import value of select countries 2014
- Demand for silver coins in India 2010-2016
- Guatemala: volume of silver production 2007-2017
- Argentina: volume of silver production 2007-2017
- Mexico: silver production 2018, by region
- Supply of recycled silver in India 2010-2016
- Chile: value of silver exports 2018, by region
- Distribution of silver demand in India 2016 by type
- Demand for silverware in India 2010-2016
- Chile: value of silver exports 2010-2018
- Liquids reserves of top 20 U.S. oil and gas companies 2009
- Reserves with highest percentage of critical rare earths 2011
- Dominican Republic: volume of silver production 2007-2017
- Silver import volume by Austria 2008-2014
- Appropriations to depreciation reserve fund of Indian Railways FY 2014 - FY 2018
Studies
- Silver
- World Silver Survey 2019
- 2015 Minerals Yearbook - Silver (Advanced Release)
- World Silver Survey 2018
- World Silver Survey 2017
- 2012 Minerals Yearbook - Silver (Advanced Release)
- 2011 Minerals Yearbook - Silver (Advanced Release)
- 2013 Minerals Yearbook - Silver (Advanced Release)
- World Silver Survey 2016
- 2014 Minerals Yearbook - Silver (Advanced Release)
- GFMS Gold Survey 2019
- 2016 Minerals Yearbook - Gold (Advanced Release)
- GFMS Gold Survey 2018
- 2015 Minerals Yearbook - Gold (Advanced Release)
- 2013 Minerals Yearbook - Gold (Advanced Release)
Statistics on "Silver"
- Silver reserves worldwide by country 2018
- World silver mine production 2005-2018
- Silver production in major countries 2010-2018
- Leading global silver producing countries 2018
- Silver export value of major countries 2018
- Leading global primary silver mines 2018
- Distribution of global silver production by primary source metal 2011-2018
- Leading silver producing companies worldwide 2018
- Revenue of Fresnillo 2008-2018
- Annual silver production of Fresnillo 2008-2018
- Glencore's total revenue 2008-2018
- Glencore's volumes sold of silver 2013-2018
- Goldcorp's total revenue 2007-2018
- Goldcorp's silver production 2010-2018
- Polymetal International's annual revenue in 2012-2018
- Polymetal International's silver production 2012-2018
- U.S. silver mine production 2005-2018
- U.S. silver production value 2005-2015
- U.S. silver mine production 2009-2015, by state
- U.S. refinery silver production 2007-2018
- Employment in U.S. silver mines and mills 2008-2018
- U.S. silver imports for consumption 2008-2018
- Distribution of U.S. silver imports by country 2013-2016
- Silver exports from the U.S. 2008-2018
- Apparent U.S. silver consumption 2008-2018
- Global silver supply by source 2018
- Global silver demand by purpose 2018
- World silver demand annual changes by region 2017
- World physical silver demand change percentage by sector 2017
- Average Comex spot price of silver 1975-2018
- Average London fix price of silver 1975-2018
- Average prices for silver worldwide from 2014 to 2025
- Rate of return on silver investments worldwide 2018
- Silver reserves in Canada 1980-2016
- Copper reserves of Chile 2009-2018
- Chile: silver production volume 2018, by region
- Silver import value of select countries 2014
- Demand for silver coins in India 2010-2016
- Guatemala: volume of silver production 2007-2017
- Argentina: volume of silver production 2007-2017
- Mexico: silver production 2018, by region
- Supply of recycled silver in India 2010-2016
- Chile: value of silver exports 2018, by region
- Distribution of silver demand in India 2016 by type
- Demand for silverware in India 2010-2016
- Chile: value of silver exports 2010-2018
- Liquids reserves of top 20 U.S. oil and gas companies 2009
- Reserves with highest percentage of critical rare earths 2011
- Dominican Republic: volume of silver production 2007-2017
- Silver import volume by Austria 2008-2014
- Appropriations to depreciation reserve fund of Indian Railways FY 2014 - FY 2018
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