Ranked: The Countries That Produced the Most Silver in 2025

Mexico remained the world's top silver-producing country in 2025, mining 172.9 million ounces (Moz), roughly a fifth of global supply, according to the World Silver Survey 2026, produced for the Silver Institute by Metals Focus. But Mexico's lead narrowed: its output fell 5% for a third straight year, while second-place Peru climbed 7%. Global mine production rose 3% to 846.6 Moz, even as the ranking's top tier told a story of one leader sliding and its closest rival closing in.

June 15, 2026

1 min

Electric Vehicles Are Set to Become the Auto Industry's Biggest Silver Consumer by 2027

Most of silver's 2026 story has been told from the supply side: a sixth straight year of structural deficit and a record price near $121 in January. Less examined is where the next leg of industrial demand actually comes from. With solar, silver's largest industrial use, now facing thrifting and substitution, the Silver Institute points to a quieter end-use picking up the slack: the automotive sector. A December 2025 study from Oxford Economics and the Silver Institute quantifies that shift, and the engine behind it is the electric vehicle.

June 8, 2026

1 min

Silver Market Balance: A 2026 Update

For the fifth year running, the world used more silver than it produced in 2025, and the World Silver Survey 2026 expects 2026 to extend that streak to six. The report, released in April by the Silver Institute and researched by the London consultancy Metals Focus, pegs the 2025 deficit at 40.3 million ounces and forecasts a wider gap of 46.3 million ounces this year. Each shortfall draws on above-ground stocks, leaving less metal readily available even as total inventories have held up.

May 25, 2026

1 min

Silver Coin and Bar Demand Surges 14% Amid Global Market Tightness

Silver had a strange year. After three years of investors quietly walking away from the physical market, 2025 saw them come back. Not in a trickle, but in a rush concentrated into the final four months, as prices ripped through one record after another and dealers started rationing inventory.According to the World Silver Survey 2026, global coin and net bar demand jumped 14% to 217.7 Moz in 2025, the first annual increase since 2022.

May 21, 2026

2 min

Samsung's Silver-Carbon Solid-State Battery

The electric vehicle (EV) industry is approaching a generational transition. While current lithium-ion technology has enabled the first wave of mass adoption, manufacturers are actively seeking solutions to persistent challenges regarding energy density, charging speed, and safety. Among the leading candidates for the next generation of energy storage is the solid-state battery (SSB), with major developers like Samsung SDI targeting mass production by 2027.

May 18, 2026

1 min

Silver's 100-Year Chart, Annotated: Four U.S. Government Decisions

In our previous installations charting the 100-year history of silver, we mapped its overarching transition from a government-controlled monetary asset to a modern industrial necessity. Today, the market is defined by a multi-year structural deficit, as confirmed by the Silver Institute's latest supply and demand data. But while the broad strokes of silver’s history, like the 1971 Nixon Shock or the famous Hunt Brothers squeeze, are well known, the raw data reveals overlooked catalysts that forced violent re-pricing.

May 11, 2026

2 min

Silver’s Elevation to Critical Mineral Status: A Strategic Turning Point for U.S. Supply Chains

The U.S. Department of the Interior’s addition of silver to the Final 2025 List of Critical Minerals in November 2025 marks a pivotal shift. No longer viewed primarily as a precious metal for jewelry and investment, silver is now recognized as vital to technology, the energy transition, and national security.

April 27, 2026

1 min

Silver Production 2025

The silver market opened 2026 with historic volatility, peaking at a record $121.64/oz in January before undergoing a sharp 38% correction by the end of March. While prices shifted, the operational reports for the 2025 calendar year reveal a sector defined by massive infrastructure completions and aggressive M&A. With the 2025 audited figures now finalized, the data shows that production growth was not uniform, but concentrated in companies that successfully executed major expansion projects.

April 23, 2026

1 min

Gold Production 2025

While 2025 will be remembered for gold's historic price rally, setting 53 all-time highs and averaging a record $3,431 per ounce, the industry's physical output told a different story. According to the World Gold Council, global mine production grew by a mere 1% year-over-year to reach 3,672 tonnes. This muted supply response illustrates the rigid realities of modern mining: even when prices skyrocket, extracting more metal from the ground remains a slow, highly regulated, and capital-intensive process.

April 22, 2026

1 min

Charted: Gold production 1975 to 2024

Gold continues to dominate the macroeconomic spotlight. As gold prices repeatedly shattered all-time record highs in 2024, investor attention intensely pivoted toward the resilience of global supply chains. While total global volume remains robust, the geographical sources of this ancient wealth have undergone a dramatic, permanent transformation. A half-century ago, a single nation produced a staggering majority of the world's gold. Today, production is highly decentralized, led by a new undisputed heavyweight.

April 10, 2026

1 min

The World’s Top 10 Largest Gold Mines by Production (2025)

Historically, gold has maintained a steadfast reputation as a safe-haven asset, with investment demand spiking significantly during times of heightened economic uncertainty and recession. As global markets continue to navigate complex macroeconomic pressures in 2026, the origin of the world's physical gold supply remains a critical focal point for investors and industry professionals alike.

April 10, 2026

1 min

Charted: Global Silver ETP Holdings (2016–2026)

When analyzing market deficits, it is helpful to understand how ETPs operate within the broader supply chain. According to the Silver Institute's market breakdown, industrial fabrication (such as solar and electronics) and physical investment are distinct categories of demand. ETPs are classified as investment vehicles, utilized by institutional and retail investors seeking exposure to silver prices without the logistical requirements of storing physical bullion.

April 7, 2026

2 min