Where is Silver Produced?
If you didn’t know, silver is considered a precious metal. There are a lot of different uses for it that people know about, but most people don’t know where it comes from! So, let’s take a look at some of the most common places that produces silver. These figures are all from the 2019 calendar year.
Last year, Poland produced just over 1.7 thousand metric tons of silver! This is amazing considering how small the country is – just about the size of New Mexico.
Russia produced more than twice the silver that the United States did. There’s an estimated 45,000 metric tons of silver deposits in their country, and last year they produced around 2,100 metric tons.
Next is China. It produced 3,600 metric tons though around 95% of its total production was just the byproduct of another mining task.
Looking at Peru, you’ll find that it produced 3,800 metric tons of silver last year. The country is believed to have the largest mines of silver. It has over 120,000 metric tons in reserve.
The country that produces the most silver in the world is Mexico. Last year they produced 6,300 metric tons of silver. That’s an unfathomable amount from just one country. Of course, their production keeps going up year after year.
Now you know the top 5 countries when it comes to silver production. With this much silver produced each year around the world, it’s not hard to notice the value. It’s a treasure trove that retains value so well. In fact, it’s so desirable that people are offering cash for silver all the time. It’s a quick way to turn your metal into cold hard cash!