World’s ‘Silver King’…Not America or Russia, this country has the most silver; Know India’s rank

World Largest Silver Reserve Country: Silver prices are on fire, even a year ago no one would have guessed that silver would go so high in 2025. Not a single BSE top-30 stock was seen anywhere near silver. Silver prices are not stopping still, setting record after record every day. In the year 2025, the price of silver has increased by more than 150%. Actually, on December 24, 2025, the price of silver on MCX reached Rs 2,24,000 per kg. Whereas in December last year, the price of silver was around Rs 90 thousand per kg.

Let us tell you, today silver has become one of the most precious metals in the world. It is being used not only in jewelery and coins but also in industrial uses, electronics and green energy. Due to which the demand for silver is increasing rapidly.

Where is the maximum production of silver?

Amidst the huge increase in silver prices, the question in people’s mind is which country has the most silver. Let us know which country in the world has the most silver and which country is at the forefront in silver mining. According to mining data in the year 2023-24, Mexico is at the forefront, according to global mine production, Mexico is the largest silver producing country in the world. This country produced about 202 million ounces of silver, which is about 24% of global production.

Which country has the most silver?

But Peru has the largest reserves of silver. At present, Peru has about 1,10,000 metric tons of silver. Only Peru has about 17 to 18% of the total silver reserves in the world. Countries like Peru raise revenue through the export of silver. After this comes the turn of Australia and Russia, which have silver reserves of about 94,000 and 92,000 metric tons respectively. China has about 72,000 metric tons of silver, its global rank is at number four. The US has approximately 23,000 metric tons (MT) of silver reserves.

How much silver does India have?

Silver reserves in India are very less as per global standards. According to data, India has around 8,000 metric tonnes of silver reserves, which is only about 1-2% of the global total reserves. Talking about mining, India does not mainly extract silver as a primary mine, rather it is often a by-product of lead and zinc mines. The major silver-producing states of India are Rajasthan, Andhra Pradesh, Telangana and Haryana, producing a few tonnes of silver annually.

Top 5 silver reserve countries of the world

• Peru: about 1,10,000 metric tons
• Australia: about 94,000 metric tons
• Russia: about 92,000 metric tons
• China: about 72,000 metric tons
• Poland: about 61,000 metric tons

silver production in india

It is noteworthy that India is one of the largest silver consumers in the world. But about 700 tonnes are produced annually in the country. silver production While consumption is several thousand tons, most of the silver is imported. In the year 2024, India had imported a record 7600 tonnes of silver. This demand comes from electronics, solar, electrical and other technical uses.

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Highest demand for silver in India

in Indian jewelery market demand for silver Highest in the world. Annually about 2730 tonnes of silver was used only for jewellery. The past few years have also seen an increase in demand for investments in the form of coins and bars.