Money · Facts & sources
4 sourced facts about silver as a precious metal and commodity, each with the context behind the number. 4 more are in today's round and appear here after it closes.
AnswerMexico
Mexico produced about 6,300 tonnes of silver in 2022 - roughly 24% of the world total - ahead of China and Peru.
Source: Wikipedia, Silver (2022) en.wikipedia.org
Answer1.16 billion ounces
Total worldwide silver demand came to roughly 1.16 billion troy ounces in 2024, a 3% decline from the year before.
Source: Silver Institute, Silver Supply and Demand (2024) silverinstitute.org
Answersolar photovoltaic and automotive
Record industrial demand in 2024 was driven largely by solar photovoltaic panels and automotive electronics, plus AI-related applications.
Source: Silver Institute, Silver Supply and Demand (2024) silverinstitute.org
Answer208.7 million ounces
Silver used for jewelry-making rose 3% to about 209 million ounces in 2024.
Source: Silver Institute, Silver Supply and Demand (2024) silverinstitute.org