Silver · Ag
precious_metal · byproduct
Bottom line
Silver sits on 1 federal critical-minerals list; mine supply is well diversified (HHI 0.13, 2025), led by 🇲🇽 Mexico at 26% of output. The US is 77% net import-reliant (2025). Prices rose 34% over the past year (+11%/yr over 4y).
At a glance
Headline indicators
Price · 2026 YTD
75$/troy oz
World Bank Pink Sheet · mean of 8 of 12 months
Price trend
+34% 1Y
+11%/yr · 4Y CAGR
US net import reliance · 2025
77%
Mine production HHI
0.13
Diversified · 2025
From ore to use
lifecycle flow
- 01Reserves
610.0Kt
Peru leads · 18% share
- 02Production
27,767,878kilograms (metal content)
Mexico top · 2024
- 03Trade
7.3Kt
net importer · 2025
- 04Stocks
15.0Kt
year-end · 2025
- 05Consumption
9.4Kt
Consumption, apparent · 2025
Coverage
Data coverage notes
- datedMaterial-flow analysis is historical - All 6218 material-flow records date to 2004 or earlier (Yale STAF era). They describe the anthropogenic cycle of that period, not today's system.
- datedEnvironmental footprint is dated - Cradle-to-gate intensity rows carry a 2008 inventory vintage (Nuss & Eckelman-era LCA). Current-process footprints are not yet in scope.
- datedExport-restriction inventory ends 2020 - The OECD industrial-raw-materials inventory (vendored snapshot) reports HS-line measures only through 2020; restrictions enacted since are not reflected in the measure table.
- narrowConsumption geography is single-economy (United States) - Reported consumption covers one economy only - the world usage split must be read from trade flows, not from a consumption table.
Methodology
How strata reads a commodity
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
Provenance
Where this data comes from
- BGS World Mineral Statistics
- itrpv 2023
midstream_components_seed
ownership_control_seed
sec_edgar_ex96_pdf
- Statistics Canada Table 16-10-0022
- USGS DS-140 (constant 1998 USD)
- USGS DS-140 (nominal)
- USGS MCS (Price, bullion, average, dolla)
- USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries World Data (legacy wide format, 2023-2025 vintages)
- USGS Mineral Industry Surveys
- USGS Minerals Yearbook OFR 2025-1047
- USGS Minerals Yearbook Vol III, reference year 2019
usgs_critmin_deposits_v3
usgs_deposit_gt
usgs_mine_waste
usgs_mrds_2016
usgs_porcu
usmin_critical_deposits
- World Bank Pink Sheet
22 sources · titles open the source card · url opens the publisher