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Silver
Follow Silver on My deskMiningBridge Indicative Price
Free public sources, with source and period. Indicative only - not a trading price, not an offer, not advice. "Not published" means no free, current price exists; MiningBridge does not copy paid prices.
| Product | Price | Source and period | Freshness |
|---|---|---|---|
| Refined Silver Bullion (99.9% Ag Industrial/Solar Grade) | $64.60 $/troy oz | World Bank, Sep 2026 monthly average | Current for its source |
- Largest producer
- Mexico 24%
- Concentration (HHI)
- 1,192
- Producing countries
- 15
- Export measures
- 4
Global Production by Country
USGS MCS 2026 ground truthTop producing jurisdictions, annual metric output (metric tons), and modeled global production shares.
| Country | Production (metric tons) | Global Share |
|---|---|---|
| Mexico | 6,300 | 24.3% |
| Peru | 3,600 | 13.9% |
| China | 3,400 | 13.1% |
| Other producers | 2,100 | 8.1% |
| Bolivia | 1,500 | 5.8% |
| Chile | 1,400 | 5.4% |
| Poland | 1,300 | 5.0% |
| Russia | 1,200 | 4.6% |
| United States | 1,100 | 4.2% |
| Australia | 1,000 | 3.9% |
| Argentina | 800 | 3.1% |
| India | 800 | 3.1% |
| Kazakhstan | 630 | 2.4% |
| Canada | 400 | 1.5% |
| Sweden | 400 | 1.5% |
Export Controls & Trade Restrictions
4 Active Sovereign MeasuresStatutory export bans, quotas, and licensing regimes documented by the USGS (effective January 2026) and national trade ministries affecting physical silver trade corridors.
Laos maintains an export ban covering Raw minerals, including copper, gold, iron, nickel, potassium, silver, and zinc (2024), as compiled by the USGS from official and reported sources effective January 2026.
Tanzania maintains an export ban covering Ore concentrates of copper, gold, nickel, and silver (2017), as compiled by the USGS from official and reported sources effective January 2026.
Venezuela maintains an export ban covering Bauxite, cassiterite, columbite-tantalite, copper, gold, rhodium, silver, and thorium (2024), as compiled by the USGS from official and reported sources effective January 2026.
China maintains an export licensing requirement for materials and technologies covering Antimony (2024), bismuth (2025), synthesized diamond (2025), gallium (2023), germanium (2023), graphite (2023), indium (2025), magnesium materials (2024), molybdenum (2025), rare earths (2025), silver (2026), tellurium (2025), tungsten (2025), and items related to lithium batteries and artificial graphite anode materials (2025), as compiled by the USGS from official and reported sources effective January 2026.
Research
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Analytics for silver
Opens with Refined Silver Bullion (99.9% Ag Industrial/Solar Grade) selected and its usual route suggested: Refinery at Callao to Jorge Chavez International, Armored Air Freight to Shanghai Pudong.
Sale price: $65.40 $/troy oz (MiningBridge Indicative Price, World Bank, Aug 2026 monthly average). Every input can be changed. Illustrative calculation, not advice.
Open Trade Desk for silver →- Supply shocks & export rules →Take out a producer or apply a quota; see concentration and supply move.
- Processing economics →Grade, recovery and costs from feed to margin.
- By-products & tailings →What is left in a residue and what it could be worth.
- Mine closure →Rehabilitation liability and when it falls due.
- Haulage & carbon →Freight cost and emissions by route and mode.
- Smelter catchments →Which mines can feed a plant, or which plants can take your concentrate.
- Secondary recovery →Critical minerals in red mud, slag, fly ash and tailings, and who holds them.
Ask Victoria
Victoria answers from MiningBridge’s public research and cites her sources.
“What are the main supply risks and price drivers for silver right now, and which countries matter most?”
Ask this question →Supply map
Open the supply model →Frequently Asked Questions: Silver
Sourced & EmpiricalEmpirical intelligence on silver production concentration, sovereign trade controls, and import reliance.
How concentrated is global mine production of silver?▼
Global silver extraction is unconcentrated with a Herfindahl-Hirschman Index (HHI) of 1,192. The leading producer is Mexico, representing 24% of global mine output, with 15 countries reporting commercial production, based on USGS Mineral Commodity Summaries (MCS 2026).
Which jurisdictions enforce export controls or bans on silver?▼
There are 4 documented sovereign export control regimes affecting silver trade corridors: Laos (Laos maintains an export ban covering Raw minerals, including copper, gold, iron, nickel, potassium, silver, and zinc (2024), as compiled by the USGS from official and reported sources effective January 2026.); Tanzania (Tanzania maintains an export ban covering Ore concentrates of copper, gold, nickel, and silver (2017), as compiled by the USGS from official and reported sources effective January 2026.); Venezuela (Venezuela maintains an export ban covering Bauxite, cassiterite, columbite-tantalite, copper, gold, rhodium, silver, and thorium (2024), as compiled by the USGS from official and reported sources effective January 2026.); China (China maintains an export licensing requirement for materials and technologies covering Antimony (2024), bismuth (2025), synthesized diamond (2025), gallium (2023), germanium (2023), graphite (2023), indium (2025), magnesium materials (2024), molybdenum (2025), rare earths (2025), silver (2026), tellurium (2025), tungsten (2025), and items related to lithium batteries and artificial graphite anode materials (2025), as compiled by the USGS from official and reported sources effective January 2026.).
What is the net import reliance and critical supply vulnerability for silver?▼
US net import reliance for silver is recorded at 77%, with primary foreign supply originating from Mexico, Canada, Chile, Turkey. It is classified as an essential strategic mineral across US and Indian criticality lists.