US Media: According to the Silver Institute's "2026 World Silver Survey," global silver production in 2025 reached 847 million ounces, with output highly concentrated in a few major mining countries.
Mexico ranked first globally with 173 million ounces, accounting for about 20% of global supply. Peru came second with 131 million ounces, followed by China at 113 million ounces. Russia and Bolivia ranked fourth and fifth respectively, with 56 million and 50 million ounces each.
From a regional perspective, South America led the world with 246 million ounces, followed closely by North America with a combined total of 219 million ounces. Together, these two regions account for more than half of global production, highlighting significant supply concentration risks.
Notably, the global silver market has experienced a supply-demand deficit for five consecutive years, with demand consistently exceeding supply, placing considerable pressure on existing capacity. Analysts point out that silver possesses both industrial attributes and the safe-haven characteristics of precious metals; as supply gaps continue to widen, any disruption in production from key regions could strongly support prices.
Original article: toutiao.com/article/1868862962864140/
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