The annual average of London fix price for one ounce of silver in 2025 was U.S. dollars.
The global silver industry
Silver is a soft, white, malleable metal that has the highest electrical and thermal conductivity of all metals. Silver is most commonly used to make coins, jewelry, and silverware. It is typically produced as a byproduct of copper, gold, lead, and zinc refining. The estimated global mine production of silver in 2023 was * metric tons. The leading country in silver production in 2024 was Mexico. In that year, Mexico produced about metric tons of silver. Peru had the largest silver reserves worldwide, amounting to ** metric tons as of 2023.Â
Silver in the United States
Silver exports from the United States have been fluctuating since 2008. In 2023, the United States exported about ** metric tons of silver, a significant decrease from the *** metric tons they exported in 2012. U.S. imports of silver for consumption, meanwhile, amounted to metric tons in 2023.
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The Silver Institute. (April 2, 2026). Average London fix price of silver from 1975 to 2025 (in U.S. dollars per ounce) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/253320/london-fix-price-of-silver-since-1975/
The Silver Institute. "Average London fix price of silver from 1975 to 2025 (in U.S. dollars per ounce)." Chart. April 2, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/253320/london-fix-price-of-silver-since-1975/
The Silver Institute. (2026). Average London fix price of silver from 1975 to 2025 (in U.S. dollars per ounce). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/253320/london-fix-price-of-silver-since-1975/
The Silver Institute. "Average London Fix Price of Silver from 1975 to 2025 (in U.S. Dollars per Ounce)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Apr 2026, /statistics/253320/london-fix-price-of-silver-since-1975/
The Silver Institute, Average London fix price of silver from 1975 to 2025 (in U.S. dollars per ounce) ÌÇÐÄÆƽâ°æ, /statistics/253320/london-fix-price-of-silver-since-1975/ (last visited July 31, 2026)
Average London fix price of silver from 1975 to 2025 (in U.S. dollars per ounce) [Graph], The Silver Institute, April 2, 2026. [Online]. Available: /statistics/253320/london-fix-price-of-silver-since-1975/
