Top 6 Silver Producing Countries in the World

Silver has gained new momentum in recent days, though it was valued throughout the century, only as jewellery. But in contemporary times this element plays a key role in technologies, renewable energies and electronics. Today's smartphones, electronic vehicles are significantly dependent on it. Global demand continues to grow to cater the large demand created by solar panels and industrial use. This article brings six nations that dominated in global silver production and are currently shaping global trade and investment.


Mexico is the world's top silver producing country which contributes about 6400 metric tons annually. Fresnilo, Saucito and San Julian are major mines of this country. Fresnillo PLC is the largest primary silver mine globally. From the time of Spanish colonisation mining became a centuries-old tradition here.
This country produces around 3400 metric tons of silver per year. In a mine silver is not only extracted but mostly silver is a byproduct of lead, zinc and copper mining. China has a huge industrial demand for silver, so as a large producer of silver, it also becomes the largest consumer of electronics and solar panels.

Peru extracts about 3000 metric tons per year and ranks third globally. Uchucchacua and Antamine are its major mines. The interesting thing is, silver mining has been done here since the time of pre-Incan civilization.

This country produces around 1200-1300 metric tons per year. Escondida and Collahuasi are its major mines where copper is extracted and as discussed earlier silver is the byproduct of other elements. This nation is significantly dependent upon metal production which strengthens its economy.


The annual output of Australia is around 1200 metric tons. Cannington and Mount Isa in Queensland are its notable mines. Australia's silver supports in making strong position for renewable energy technology exports.


1000 metric tons of silver are produced per year in this country. The KGHM Polska Miedz is known as one of the world's largest producers of integrated copper-silver and the fun fact is, Poland is the only European country that ranked among the top 10 as a silver producer.

Above six counties fuel the global silver industry, from Latin America's historic mines to Asia's high tech hubs. As the world moving towards renewable energy and electronics the demands of silver keeps rise. Who knows that in near future these countries is going to shape the world.

Explore the latest trends and tips in Health & Fitness, Spiritual, Travel, Life Hacks, Trending, Fashion & Beauty, and Relationships at Times Life!

Q1. Which country is the biggest producer of silver?

Ans: Mexico is the world's largest producer of silver.

Q2. Which country is no. 1 gold production?

Ans: China is the number one gold producing country in the world.

Q3. Which country has the cheapest silver?

Ans: There is no country in the world where silver is cheapest.