The leader in production is Peru with 3,600 tons, followed by Mexico 3,000 tons, China 2,600 tons, Chile 2,000 tons, Australia 1,800 tons, Poland 1,300 tons, USA 1,120 tons, Canada 800 tons
Silver, like its commodity cousin gold, has a rich history stretching back thousands of years
Silver was first mined about 5,000 years ago in Anatolia, what is now eastern Turkey
When Europeans came to the New World, they discovered an abundance of silver
From 1500 to 1800. The three Latin American countries of Peru, Bolivia and Mexico accounted for more than 85% of global silver production However, since then, silver has been discovered in various regions around the world, and its mining has become a global industry
Silver has one important difference from gold: only 20% of its production is the result of primary mining of the metal
Most of it is a byproduct obtained along with metals such as copper, lead, zinc and gold
Although silver is mined all over the world today, Latin America continues to play a key role in the industry
In 2011, Mexico and Peru were the largest miners of the metal, with China taking third place
Peru remains the country with the largest inground silver reserves at 120,000 tons, followed by Poland and Australia, according to the US Geological Survey

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