Now that we know where the majority of gold come from, we turn our focus on silver. The majority of the world’s silver is mined from several countries, with the top three being Mexico, Peru, and China. In 2021, Mexico was the largest silver producer in the world, accounting for about 24% of the world’s total silver production, followed by China and Peru, which accounted for about 13.7% and 13.1% of the world’s total silver production, respectively.

Other significant silver-producing countries include Russia, Australia, Bolivia, Chile, Poland, and Argentina, among others. The distribution of silver production among countries can vary from year to year, depending on factors such as mining investment, production costs, geopolitical stability, and silver prices.

Mexico is the world’s largest silver producer, and the country has a long history of silver mining dating back to the Spanish colonial period. The majority of Mexico’s silver production comes from the states of Zacatecas, Chihuahua, and Durango, which are home to several large silver mines.

China is the second-largest silver producer in the world, with the country producing about 112.9 million ounces of silver in 2021. The majority of China’s silver production comes from the Inner Mongolia Autonomous Region, which is home to several large silver mines.

Peru is the third-largest silver producer in the world, with the country producing about 107.9 million ounces of silver in 2020. The majority of Peru’s silver production comes from the regions of Huancavelica, Junin, and Pasco, which are also rich in other minerals such as copper, gold, and lead.

Just like gold, the distribution of silver production among countries can vary from year to year, depending on factors such as mining investment, production costs, geopolitical stability, and silver prices. However, Mexico, Peru, and China – the top three silver-producing countries – are still expected to continue dominating the silver mining industry in the coming years.

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