In 2025, the total global demand for silver amounted to **** billion ounces. It is forecast that the worldwide silver demand in 2026 will be slightly lower, at nearly ****Â billion ounces.Â
Silver production
As of 2024, Mexico was the global leader in silver mining. Global silver reserves amounted to a total of ** metric tons in 2024. Of that, nearly ** metric tons of silver reserves were in Peru.
Applications of silver
Silver's versatility sets it apart from other precious metals. In 2024, the jewelry industry was expected to account for million ounces of global silver demand, representing percent of total demand. Silver's exceptional properties, including the highest reflectivity and electrical conductivity of any metal, make it invaluable in various applications beyond jewelry,
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The Silver Institute. (April 15, 2026). Demand for silver worldwide from 2010 to 2025, with a forecast for 2026 (in million ounces) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 15, 2026, from /statistics/1240917/global-silver-demand/
The Silver Institute. "Demand for silver worldwide from 2010 to 2025, with a forecast for 2026 (in million ounces)." Chart. April 15, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 15, 2026. /statistics/1240917/global-silver-demand/
The Silver Institute. (2026). Demand for silver worldwide from 2010 to 2025, with a forecast for 2026 (in million ounces). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 15, 2026. /statistics/1240917/global-silver-demand/
The Silver Institute. "Demand for Silver Worldwide from 2010 to 2025, with a Forecast for 2026 (in Million Ounces)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Apr 2026, /statistics/1240917/global-silver-demand/
The Silver Institute, Demand for silver worldwide from 2010 to 2025, with a forecast for 2026 (in million ounces) ÌÇÐÄÆƽâ°æ, /statistics/1240917/global-silver-demand/ (last visited July 15, 2026)
Demand for silver worldwide from 2010 to 2025, with a forecast for 2026 (in million ounces) [Graph], The Silver Institute, April 15, 2026. [Online]. Available: /statistics/1240917/global-silver-demand/
