Silver Sources

November 1998

Precious Metals:Data & Statistics

Silver Sources

Do you have the right answers at hand if a customer asks about the source of the metal in silver items? Here are some guidelines you can follow:

  • 2% of the world's annual silver supply comes from primary silver mines.
  • Mining accounts for about 80% of the world's total annual silver supply. Most of the rest comes from recycled materials, primarily silver used in photographic processes.
  • 8% of it comes as a byproduct of gold, copper, lead and zinc mining.
  • The top five silver producing countries are Mexico (86.2 million ounces), Peru (66.8 million), the U.S. (53.3 million), the former Soviet states (45.4 million) and Canada (39 million).

Copyright © 1998 by Bond Communications.


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