Global Silver Production Reaches New Heights in 2025
The latest World Silver Survey for 2025 has revealed fascinating insights into the global silver mining industry, showing that worldwide production continues to be dominated by a combination of established mining giants and emerging industrial economies. The precious metal, which has maintained its significance in jewellery and industrial applications, sees annual production exceeding 820 million ounces across the globe.
Top 10 Silver Producing Countries Dominating Global Supply
Mexico continues its reign as the undisputed leader in silver production, contributing an impressive 202.2 million ounces, which represents approximately 24% of total global output. The country's mining heritage runs deep, with major operations like Fresnillo and Peñasquito driving this substantial production. Mexico's dominance in global silver markets remains unchallenged in 2025.
China secures the second position with 109.3 million ounces, accounting for 13% of worldwide supply. Interestingly, much of China's silver production occurs as a by-product from large base-metal mining operations. The nation also stands as a major consumer and refiner of silver, particularly for electronics manufacturing and renewable energy applications.
Peru claims the third spot with 107.1 million ounces, matching China's 13% contribution to global supply. The country's rich mineral deposits concentrated in the Andes mountain range, combined with renowned mining operations like Antamina and Uchucchacua, establish Peru as one of the world's most resource-abundant nations for silver.
Emerging and Established Players in Silver Mining
Chile maintains its strong presence in fourth position, producing 52 million ounces that constitute 6% of global silver production. Mining giants like Codelco and the expanding Salares Norte project have significantly strengthened Chile's standing in international rankings. The country benefits from political stability and consistent investment in its mining sector.
Bolivia captures the fifth position with 42.6 million ounces annually, representing 5% of global output. The nation, historically famous for the legendary Cerro Rico silver mountain, has maintained silver mining as a central economic activity for centuries through both state-controlled and private mining ventures.
Poland ranks sixth with 42.5 million ounces of silver production, primarily extracted as a by-product from copper mining operations. The KGHM Polska Miedź mine stands as one of the world's largest integrated copper and silver producers, contributing significantly to Poland's output.
Russia occupies the seventh position with 39.8 million ounces of annual silver production. Major mining corporations including Polymetal International and Norilsk Nickel drive the majority of the country's output, while Russia continues to expand its influence within the global silver supply chain.
Australia holds the eighth position with 34.4 million ounces of silver production, representing 4% of global supply. The country's silver primarily originates from lead-zinc mines such as Cannington and Mount Isa in Queensland, with modern operations ensuring efficient extraction and sustainable growth.
The United States claims the ninth spot with 32 million ounces of annual silver production. Most American silver output comes from mines located in Nevada, Alaska, and Idaho, where it's frequently recovered as a secondary product during gold and copper extraction processes.
Argentina rounds out the top ten with 26 million ounces of yearly production, accounting for 3% of global supply. Silver mining activities in Argentina concentrate around projects in Santa Cruz and Jujuy provinces, with new mining developments expected to drive gradual industry growth in the coming years.
Future Outlook for Global Silver Production
The World Silver Survey 2025 indicates that global silver production continues to show resilience and growth potential. Traditional mining powerhouses maintain their dominance while emerging economies steadily increase their contributions. The diverse geographical distribution of silver production helps stabilize global supply chains, ensuring that this precious metal remains accessible for both traditional jewellery applications and modern industrial uses, particularly in electronics and renewable energy technologies.
