Ag is the chemical formula of silver and the appearance of this metal is white metallic luster. Its value is high because silver is prone to rust and has very little effect on oxygen and moisture and its ability to reflect light. In the Silver ore, the element is always a minor constituent approximately 0.085%. All metals containing silver are mined either by open cycle or the underground strategy then they are squashed and grounded to start the extraction interaction. The technique utilized relies upon the essential metal in the mineral, whether it is lead, Zinc, or copper.

The world's top Silver Producing Countries

1. Mexico

Fresnillo Company from Mexico is the world's top producer of silver and it also mines gold in other parts of the country as well. Mexico produced approximately 60 MT more in 2021 as compared to the previous year. The State of Zacatecas hosts two of the world's largest silver mines.

2. China

China is the second top silver-producing country in the world and the number one in Asia. China produced 34,00 MT in 2021. Earlier Peru was ahead of china but later china regained its second position.

3. Peru
Peru for some years ahead of China but later china upscale its silver production and reached the second position. The world's largest silver reserve is in Peru with approximately 120,000 MT of silver. Peru is holding an enormous amount of untapped silver. From this fact, it is clear that Peru would definitely challenge Mexico in the future in terms of silver production. Peru produced 3,000 MT in 2021.

4. Chile

Chile's position is the same as per previous year. Chile produced 1600 Mt of silver in 2021.

5. Australia

Australia produced a total of 1300 Mt of silver in 2021. The previous year that was 1230. 

6. Poland

Poland increased its production by 50 MT. In 2020 the silver production was 1250 MT and now it stands at 1300 MT.

7. Russia 

Russia's silver output decreased by 20 MT in the year 2021. Russia produced 1300 MT in 2021. Polymetal international is the top silver mining company in Australia and operates seven gold and silver mines in the country.

8. Bolivia

Bolivia had a similar result as the US in 2021, a slight increase from its silver creation of 930 MT in 2020. There is space for its silver industry to extend as the nation has revealed stores of 22,000 MT.

9. Argentina

As referenced, the US attached with Bolivia for silver result in 2021, creating 1,000 MT. Metal was mined at four silver tasks and as a side-effect at 33 base and valuable metals mines. Silver stores in the US stand at 26,000 MT, and the country's two top silver-creating states are Alaska and Nevada.

The biggest US-based essential silver maker is Coeur Mining (NYSE:CDE). Coeur's US projects are not silver centered, yet the organization works silver mines in South America and Australia. The US mine with the most elevated silver result is Barrick Gold's Cortez mine, which is primarily gold.

10. Argentina

Argentina supplanted Kazakhstan on the rundown of significant silver makers in 2018, and in 2021 was the tenth biggest silver maker on the planet. Its 2021 silver result was up from 710 MT in the earlier year.

Price of the silver in Canada depends upon various factors, the main contributing sector behind the price establishment is the demand and supply of silver. It is true that other factors are also significant but demand and supply holds a great importance.

Note: always Buy Precious metals from trusted bullion dealers.