This bar chart race shows annual silver production from mining by country and world, from 1970 to 2021, measured in kilograms.
Silver is a naturally occurring element, typically found in combination with other elements or in minerals such as argentite (silver sulfide), chlorargyrite (silver chloride), and native silver. As a mineral, silver is mined from the earth's crust and has various industrial, commercial, and ornamental uses.
Since 1970, silver production from mining has experienced fluctuations influenced by various factors including technological advancements, economic conditions, and shifts in demand. Overall, key producing countries have evolved, with some emerging as dominant players in the global silver market.
United States: Historically a significant silver producer, the US saw limitations in increased production from the 1970s onwards due to depletion of reserves and environmental regulations. However, it still maintains a notable presence in global silver production.
Mexico: Consistently one of the world's largest silver producers, Mexico has played a crucial role in meeting global demand. Its rich deposits and favorable mining policies have contributed to sustained production levels.
Peru: Another major player in the global silver market, Peru has experienced fluctuating production levels due to factors such as political instability, regulatory changes, and environmental concerns. However, it remains a significant contributor to global silver supply.
China: With its rapidly expanding economy and increasing industrialization, China has emerged as a key player in silver production. The country's mining industry has expanded significantly since the late 20th century, contributing to the global supply.
Chile: While primarily known for its copper production, Chile also produces a notable amount of silver as a byproduct of copper mining. Its mining industry has undergone modernization and expansion, leading to increased silver output.
Russia: Silver production in Russia has varied over the decades, influenced by economic factors and changes in mining policies. Despite fluctuations, Russia remains a significant producer, leveraging its vast mineral reserves.
Other countries: Several other nations, including Australia, Canada, Bolivia, and Argentina, also contribute to global silver production. Their roles may vary over time depending on factors like market conditions, regulatory environments, and technological advancements.
Overall, since 1970, global silver production has seen ups and downs, reflecting the dynamic nature of the mining industry. While traditional players like the United States and Mexico continue to play crucial roles, emerging economies like China have become increasingly influential. Additionally, advancements in mining technology and techniques have facilitated access to previously untapped reserves, shaping the geographical distribution of silver production.
Data source: British Geological Survey (BSG),
