Silver prices are continuously making new records. On Tuesday, silver touched $94.75 an ounce globally and then closed at $93.25-93.30 an ounce. In Indian markets, its prices have crossed the historical mark of Rs 3 lakh per kg. Silver has given a bumper return of 30 percent so far this year, in less than three weeks.
What are the special characteristics of silver?
Do you know that silver is not only used for making jewelery or coins, but it is also in high demand in many different industries? Silver has the highest electrical and thermal conductivity compared to any other metal. This means that silver allows electric current to pass through it very quickly. Apart from this, it also has the highest reflectivity. This means that silver has the ability to reflect 95-99 percent of visible light.
Silver is a chemical element (metal element) found in the earth’s crust (the outermost, thin and solid layer of the earth). Silver is often found mixed with ores such as lead-zinc, copper and gold, from which it is later separated. Have you ever wondered which countries in the world have the largest reserves of silver? Let us give you this information today through this news: Which countries have huge reserves of silver?
How much silver does which country have?
South American country Argentina has reserves of 6500 metric tons of silver. In 2024, it produced 800 metric tons of silver.
India has 8000 metric tons of silver reserves. It produced 800 metric tons of silver in 2024.
Kazakhstan to produce 1000 metric tons of silver in 2024. However, the size of its silver reserves is not clear. Australia to produce 1000 metric tons of silver in 2024. Australia has 94,000 metric tons of silver reserves.
The United States is expected to produce 1100 metric tons of silver in 2024. The United States has 23,000 metric tons of silver reserves.
Chile to produce 1200 metric tons of silver in 2024. Chile has 26,000 metric tons of silver reserves. Russia alone to produce 1200 MT of silver in 2024. It has reserves of 92,000 metric tons of silver.
Bolivia to produce 1300 metric tons of silver in 2024. Bolivia has 22,000 metric tons of silver reserves.
Poland to produce 1300 metric tons of silver in 2024. It has reserves of 61,000 metric tons of silver.
Peru to produce 3100 metric tons of silver in 2024. Peru has the largest reserves of silver at 140,000 metric tons.
China is the second largest producer of silver in the world. This Asian country produced 3300 metric tons of silver in 2024. China has 70,000 metric tons of silver reserves.
The largest producer of silver in the world is Mexico. This Central American country is expected to produce 6300 metric tons of silver in 2024. In terms of reserves, Mexico has 37,000 metric tons of silver.