Kamran Elyas Enrollment number: 2020BMME086

Numaan Bin Mansoor Enrollment number: 2020BMME083

World silver reserve

Silver Reserves: Top 3 Countries
1) Peru (120 MT)
2) Australia (90 MT)
3)Poland (67 MT)
More top silver countries by
reserves
Russia — 45,000 MT
China — 41,000 MT
Mexico — 37,000 MT
Chile — 26,000 MT
US — 25,000 MT
Bolivia — 22,000 MT
The remaining countries combine to hold
a total of 54,000 MT of silver reserves,
according to the US Geological Survey.
The total world figure for reserves sits at
560,000 MT.
 Largest producer
Peru
At 120,000 metric tonnes (MT), Peru is at the top of the list for
highest silver reserves by country in the world. And unlike some
countries with high silver reserves, the nation was a major producer
of silver in 2021. The nation put out 3,800 MT of the metal last year,
coming in second place in the world in silver production.
The majority of Peru’s physical silver is produced at the Antamina
mine, located in the province of Huari. The mining industry accounts
for more than 50 percent of Peru’s total exports.
 Top exporters worldwide
In 2021 the top exporters of Silver  were
United Kingdom ($2.97B), China ($2.51B), Mexico
($2.41B), United States ($1.9B), and Germany
($1.87B).
 Top importers worldwide
In 2021 the top importers of Silver were
United States ($5.6B), Canada ($3.39B),
United Kingdom ($2.66B), Hong Kong ($2.43B),
and China ($1.41B).
 Highest silver grade producing
country
Mexico produces highest silver grade, Silver 999 which
has a millesimal fineness of 999.
 Silver production in India
In India, there are no native silver deposits
except the small and unique deposit in
Rajasthan. It occurs generally with lead, zinc,
copper (especially their sulphide ore) and gold
ores and is extracted as a by-product from
electrolysis or chemical methods.
Silver imports in Silver exports
India in India
Top countries India imports The value of silver exported
Silver from: from India amounted to over
• China
464 million U.S. dollars in
• USA
the year of 2021.
• Australia
• United Arab Emirates
(UAE)
• Value = 261.89 Billion US
dollars
 References
1) https://oec.world/en/profile/hs92/silver
2) https://www.statista.com/statistics/652432/export-value-of-silver-indi
a/
3) https://timesofindia.indiatimes.com/city/ahmedabad/gold-silver-impor
ts-surpass-pre-covid-levels/articleshow/88640907.cms
4) https://economictimes.indiatimes.com/markets/commodities/news/ind
ias-silver-imports-could-tumble-as-scrap-supplies-surge-importers-sa
y/articleshow/77653365.cms?from=mdr