As we can see, average annual world silver production increased from 6.9 Moz during 1493-1600, to 13 Moz from 1600-1700, 18 Moz from 1700-1800, 51 Moz from 1800-1900, 274 Moz from 1900-2000 and a stunning 722 Moz from 2000-2017. Again, these figures represent the average annual silver production for each time period.
Global mine production fell for the fourth consecutive year in 2019 by 1.3 percent to 836.5 Moz. This was a result of declining grades at several large primary silver mines and disruption-related losses at some major silver producers.
The estimated global production of silver in 2020 amounted to 25,000 metric tons. Production of this precious metal has thus increased considerably from the production volume of 20,800 in 2005.
The Silver Institute provides leading research on silver supply and demand, including current and yearly data on silver demand, pricing, and production.
Now let's take a look at Mexico. Silver production declined 5% year over year to 5,600 tonnes per year in 2020. The chart below from Trading Economics shows how Mexico's overall mining production .
Silver mining in the United States began on a major scale with the discovery of the Comstock Lode in Nevada in 1858. The industry suffered greatly from the demonetization of silver in 1873 by the Coinage Act of 1873, known pejoratively as the "Crime of 73", but silver mining continues today.
10. United States . Ranked tenth on the list of top silver-producing countries is the United States. In 2019, it produced 980 metric tons of the metal, mainly from three dedicated silver mines and .