Countries With Largest Silver Reserves: After gold, silver is considered one of the most precious and well-known metals in terms of jewellery and investment purposes. The shiny metal is also valuable because of its industrial and electronic usage. Gold and silver deposits are considered a contributing factor to economic advantages and political stability for any country that has it. Notably silver is a versatile metal as it is used in industrial applications, such as electronics, solar panels, and water purification. The shiny metal is in high demand because of its high electrical and thermal conductivity and antibacterial properties. Let’s find out which countries produce the most silver in the world.

Which Country Has The Largest Silver Reserves In The World?

South American country Peru is the largest silver reserves in the world. It has about 140,000 metric tons (MT) of silver reserves, making it a world leader in silver mining.

Notably, the Antamina mine in Huari province is the largest silver producing mine in Peru.

How Much Silver Does Russia Has?

Russia stands in the second position with 92,000 metric tons of silver reserves. Despite geopolitical complexities and sanctions, the country maintains its strong position in silver mining.

How Much Silver Does China Has?

With 70,000 metric tons of silver reserves. China ranks third in the world in terms of silver reserves. The Ying mining area in Henan Province is the largest silver producer mine area in China. When it comes to precious metals China dominates the rare earth metal market of the world.

Which Is The Fourth Largest Silver Producing Country?

Poland secures the fourth position with 61,000 metric tons of silver reserves. The country’s silver sector is centred on KGHM.

HIGHLIGHTS

• Peru leads the list with 140,000 MT silver reserves.
• Russia is on the second spot with 92,000 MT reserves.
• China third, holds 70,000 MT reserves.
• Poland & Mexico follow with 61,000 MT and 37,000 MT.

Which Is The Fifth Largest Silver Producing Country?

Mexico is one of the world’s leading silver-producing countries with 37,000 metric tons of silver reserves. Newmont’s Penasquito mine, which is located in Zacatecas, is the country’s second-largest mine in terms of silver production. On a world scale, the mine stands in fifth position.

How Much Silver Does India(BHARAT) Have?

It is worth mentioning that apart from the above-mentioned countries, there are other countries that have significant silver reserves. These countries are – Australia (27,000 metric tons), Chile (26,000 metric tons), the United States (23,000 metric tons), Bolivia (22,000 metric tons), and India(BHARAT) has 8,000 metric tons.

Notably, the total global silver reserves are estimated at 550,000 metric tons.