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Ranked: Which Countries Produce the Most Silver?
Mexico is the world’s top silver producer, mining 173 million ounces, or about one-fifth of global supply. That scale gives the country an outsized role in a market already facing a fifth straight annual deficit. This graphic, in partnership with Global X Canada, is the first of three graphics in the Investing in Silver series. It shows which countries produced the most silver in 2025. Peru ranked second with 131 million ounces, followed by China with 113 million ounces. Taken together, North and South America lead the world with 219 and 246 million ounces, respectively. Production Hubs and Supply Risks: Global ... (full story)