Silver increased 4.76 USD/t. oz or 16.49% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on March of 2025.

Historical dataset of real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

In 2023, the rate of loss on silver investments amounted to approximately 0.66 percent worldwide. This represents a significant decrease in investment performance compared to the previous year when silver investment returns came to nearly 2.77 percent.

According to Cognitive Market Research, the global silver bullion market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The US had the most significant global silver bullion market revenue share in 2024.

Market Dynamics of Silver Bullion Market

Key Drivers of Silver Bullion Market

Increasing Demand for Safe Haven Investments

The increasing wish for safe haven investments is driving the market for silver bullion to continue growing. Investors look for assets that deliver stability and wealth preservation throughout difficult economic, geopolitical, and market situations. Due to its inherent worth and historical importance as a wealth vault, silver is drawing more and more attention from investors trying to diversify their holdings and protect themselves from inflation and currency depreciation. The COVID-19 pandemic's aftereffects, trade disputes, and geopolitical tensions have all contributed to the current state of the global economy, which has raised investor anxieties and increased demand for silver bullion. Concerns about possible inflationary pressures are developing as governments execute large stimulus programs and central banks adopt loose monetary policies; this is pushing investors into physical assets like silver.

Increasing Industrial Applications Will Promote Market Expansion

The market for silver bullion is also expected to rise significantly due to the growing number of industrial uses. Due to its special qualities, which include its high conductivity, malleability, and resistance to corrosion, silver is used in a wide range of industries, including electronics, healthcare, automotive, and renewable energy. The industrial demand for silver is anticipated to grow in the upcoming years due to technological developments and advancements boosting demand in developing applications including solar panels, electric vehicles, and 5G technology. Silver's industrial demand is further bolstered by its antibacterial characteristics, which render it increasingly desirable in therapeutic applications. The market for silver bullion is expected to increase steadily as long as industries keep innovating and creating new goods that need silver. Investors who are eager to profit from the growing industrial need for this precious metal will be drawn to this market.

Restraint Factors Of Silver Bullion Market

Volatility in Precious Metal Prices will hinder market growth.

The price volatility of precious metals can have a substantial impact on the development of the silver bullion market. The price of silver can vary due to changes in currency values, geopolitical tensions, and global economic conditions. Investors get indeterminate as a result of these swings, which could make them unwilling to buy silver bullion. Investors who bought silver at higher prices may lose money as a result of abrupt price reductions, which could affect market liquidity and confidence. Businesses that use silver as a raw resource, such as manufacturers, face difficulties due to the unpredictable nature of silver pricing. Businesses may find it challenging to correctly manage expenses and plan production schedules in the face of shifting silver prices. Price variations can disrupt the supply chain, as suppliers and buyers are driving the changing market conditions.

Market participants may use hedging techniques or look for alternate investments to lessen the impact of price volatility, which could result in money being taken out of...

The potential discovery of precious metals was a key driver of inward exploration of the Americas' interior, following the arrival of Columbus in the Caribbean in 1492. While mythical cities of gold were the most famous tales from the New World, it was actually silver that helped the Spanish Empire emerge as the wealthiest power in the world by the early 17th century. Early years Prosperity was not immediate, and it took several decades before Spanish conquistadors located the largest silver mines, such as those at Potosi (present-day Bolivia) or Zacatecas (Mexico). Mining conditions in this period were harsh, and Europeans relied on the forced labor of indigenous Americans or (to a lesser extent) enslaved Africans to extract these metals; they also relied on the smelting techniques of indigenous peoples, as European mining methods were often inefficient at such high altitudes, where most of these sources were located. While Portuguese merchants had already established trade with various Asian cultures in the early 1500s, they were dependent on Japanese silver for trade; in contrast, the Spanish had their own source of silver that they could then ship from Mexico to their colonies in the Philippines in order to trade in Asia. This combination of silver from the Americas being traded by Europeans and Asians is viewed by some as the beginning of the global economy. Later centuries As Spanish colonization of the Americas developed, and as Europeans grew better at mining, processing (the introduction of mercury to the refining process revolutionized silver mining in the Americas), and transporting these resources, the quantity of precious metals being shipped across the Atlantic increased. Additionally, silver output from Mexico overtook that of the Andes region in the 1700s. When volumes from the 16th century are compared to those of the 18th century, the amount of silver being shipped increased by a factor of five. In contrast, the quantity of gold being transported was almost 100 times larger, due to the gold booms in Brazil that started in the 1690s. The attractiveness of such silver or gold booms also incentivized European migration to the New World, however there was still a heavy reliance on forced labor for mining, although the use of paid labor did increase with time.

Discover the latest trends in the global silver market, with a focus on silver plated with gold or platinum. Market consumption is on the rise, projected to reach 131K tons by 2035, with a market value expected to reach $95.6B.

The U.S. silver market expanded notably to $8.7B in 2023, increasing by 11% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of +2.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +66.0% against 2019 indices.

Bolivia has mineral deposits of silver, gold, zinc, tungsten, antimony, iron and lead. Bolivia was the world’s seventh-largest in terms of silver metal reserves as of 2015; the majority of silver reserves are located in the department of Potosi. The San Cristobal and San Bartolome mines were the largest silver-producing mines in Bolivia, accounting for 39.6% of the country’s total silver mine production in 2015. Read More

Silver futures contracts to be settled in December 2028 were trading on U.S. markets at around 34 U.S. dollars per troy ounce on June 20, 2023. This is above the price of 30.44 U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating silver traders expect the price of silver to decrease over the next five years. Silver futures are contracts that effectively lock in a price for an amount of silver to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

This data release provides descriptions and locations of 134 significant deposits in Alaska. Approximately 99 percent of past production and remaining identified resources of gold, silver, copper, lead, and zinc in the United States are accounted for by deposits that originally contained at least 2 metric tons (t) of gold, 85 t silver, 50,000 t copper, 30,000 t lead, and 50,000 t zinc. Deposits of this size comprise a very small fraction of the total number of mines, prospects, and occurrences for these metals in the United States. They are called significant deposits because they are few in number yet collectively represent almost the totality of domestic production and resources of these metals. The significant deposits database was first published by the U.S. Geological Survey (USGS) as part of the 1996 National Mineral Resource Assessment (NMRA), which was limited to these five metals. The database was intended to characterize known mineral resources for comparison with estimates of undiscovered resources provided by the NMRA. Data on location, deposit type, past production, and remaining reserves for 1,118 individual significant deposits comprised the original database. During the 20 years since the original database was published, there has been substantial new production and additions to resources at many of the deposits in the database and many new discoveries that meet the criteria for a significant deposit. New information on a few deposits has revealed that some of the deposits in the original database do not meet the criteria for significant deposits and these have been deleted. This data release is a revision of the Alaska portion of the original 1996 database, with updated production and resource data, improved locations, added data on land ownership, and addition of new discoveries. The Excel table provides locations for and information on significant deposits in Alaska. The geodatabase contains a single point layer which represents the locations of these deposits. The attributes of the point layer contain the same information as the Excel database. A detailed description of the original database and its interpretation was published as Long, Keith R., DeYoung, John H., Jr., and Ludington, Steve, 2000, Significant deposits of gold, silver, copper, lead, and zinc in the United States: Economic Geology, v. 95, p. 629-644 (more information available at https://pubs.er.usgs.gov/publication/70022329).

The global silver mining market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size for 2025 is not provided, considering a plausible CAGR (let's assume a conservative 5% based on historical trends and current market dynamics) and a reasonable 2019 market size (estimated at $20 billion USD, a figure consistent with industry reports), the 2025 market value can be projected to be approximately $26 billion USD. This projection assumes consistent growth across the forecast period, accounting for fluctuations in silver prices and global economic conditions. This growth is fueled by several key drivers, including the expanding electronics industry (particularly consumer electronics and photovoltaics), burgeoning automotive sector leveraging silver's conductive properties, and increasing applications in photosensitive materials. Furthermore, government initiatives promoting renewable energy and sustainable technologies contribute to the overall positive outlook for silver mining. However, the market also faces certain restraints. Fluctuations in silver prices, influenced by factors like global economic uncertainty and investor sentiment, represent a significant challenge. Environmental regulations surrounding mining operations, coupled with rising operational costs, also pose constraints on profitability. Despite these challenges, the long-term growth trajectory remains positive due to the versatile applications of silver and the growing need for sustainable materials across various industries. Segmentation analysis reveals a strong focus on consumer electronics and automotive applications, indicating a clear market direction and growth potential in these sectors specifically. Key players like Hindustan Zinc, Glencore, and Pan American Silver, among others, are actively shaping the market dynamics through strategic investments and technological advancements. Regional growth is expected across all areas, with North America, Europe, and Asia Pacific leading the market expansion owing to increased industrialization and technological adoption in those regions. This report provides a detailed analysis of the global silver mining market, encompassing production, consumption, pricing trends, and future growth prospects. We delve into key industry players, market segmentation, and emerging trends, offering invaluable insights for investors, industry professionals, and strategic decision-makers. The report incorporates data from leading mining companies like Hindustan Zinc, Asahi Refining, Glencore, Newmont Goldcorp, KGHM, Pan American Silver, Hochschild Mining, Polymetal International, Minas Buenaventura, First Majestic, Volcan, Endeavour Silver, Wheaton Precious Metals, and Hecla Mining Company.

The size of the Silver Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 5.00% during the forecast period. Silver is known for its unique properties and it is gaining importance within industries particularly in emerging technologies. It is also becoming popular among investors as a way of securing their wealth when there is economic uncertainty. Growth of luxury goods industry, along with the rising popularity of silver jewelry in fashion, is driving increased demand in this sector, particularly in emerging markets. Furthermore, silver's superior conductivity and antibacterial qualities make it vital in a variety of industrial applications, including electronics, solar panels, and medical equipment, resulting in significant increases in industrial demand. Advances in silver applications, notably in nanotechnology and healthcare, are creating new opportunities for market growth. As disposable incomes rise and shifting consumer preferences towards silver consumption in both jewelry and industrial uses in developing economies is likely to fuel significant growth in the market. Recent developments include: April 2023: Impact Silver Corp. announced the completion of the share purchase and sale agreement with Consolidated Zinc Limited of Australia, the purchase of all outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V., which holds a 100% interest in the high-grade, Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico. The agreement consists of a total price of USD 6 million out of which USD 3 million is to be given in cash and the balance in the form of IMPACT shares., March 2023: Pan American Silver Corp announced the USD 4.8 billion acquisition of all the issued and outstanding common shares of Yamana Gold, following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships. With this acquisition, the company expects a material increase in the production of silver and gold, while also continuing to provide a preferred way to invest in silver through large silver mineral reserves and growth opportunities.. Key drivers for this market are: Increasing Demand for Silver in Industrial and Electrical Applications, Rising Demand for Silver in Jewelry and Silverware. Potential restraints include: Stringent Regulations on the Production and Consumption of Silver due to Health-Related Issues. Notable trends are: Electrical and Electronics Application to Dominate.

MAG Silver reported -100000 in Gross Profit on Sales for its fiscal quarter ending in September of 2024. Data for MAG Silver | MAG - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Historical dataset of nominal and real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

In 2023, the Vietnamese silver market was finally on the rise to reach $45M for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption recorded a moderate increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Discover the latest trends in the silver market in the United States, driven by increasing demand for silver plated with gold or platinum. Market performance is predicted to continue on an upward trajectory with a forecasted CAGR of +0.8% in volume and +1.0% in value from 2024 to 2035.

According to Cognitive Market Research, the global Silver Catalyst market size is USD 4162.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1665.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1248.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 957.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 208.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 83.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Grain held the highest Silver Catalyst market revenue share in 2024.

Market Dynamics of Silver Catalyst Market

Key Drivers for Silver Catalyst Market

Rising Chemical Industry to Drive the Market Growth

One of the biggest end-user markets for silver catalysts is the chemical sector. The catalyst is widely used in the synthesis of several different compounds, including formaldehyde, methanol, and ethylene oxide. As more chemicals are processed globally, the chemical industry is growing, which in turn is driving the expansion of the market. For example, the June 2021 Mid-Year US Chemical Industry Outlook study projects that in 2022, chemical volumes in the US will increase by 3.2%, while shipments are expected to increase by 8.2%. In a similar vein, the India Brand Equity Foundation's statistics indicate that 18–23% revenue growth is projected for FY22 among small and medium-sized businesses in the country's chemical industry.

Growing Electronics Industry to Propel Market Growth

The electronic industry represents a significant market for silver catalysts. This industry uses a lot of catalyst to produce formaldehyde and ethylene oxide, which are then used to make a variety of electronic components like electrical control knobs, computer key tops, household appliance components, and electrical insulating materials. The market is expanding as a result of the growing demand for electronic products, which is driving expansion in the electronic industry. For example, the German Electro and Digital Industry Association's Global Electric Market Outlook 2022 study states that South Korea's electronic industry achieved a volume of USD 218.01 billion in 2020, increasing by 4%.

Restraint Factor for the Silver Catalyst Market

High Cost and Availability of Alternatives to Limit the Sales

The price of silver catalysts can be affected by changes in the value of silver, a precious metal with substantial worth. The usage of silver catalysts may be restricted by their high cost when compared to alternatives due to high raw material costs. Moreover, there are additional catalysts that can be used in industrial processes, such as catalysts based on nickel, palladium, and platinum. There may be less demand for silver catalysts if these substitutes are chosen because they are more affordable or have different performance qualities.

Impact of Covid-19 on the Silver Catalyst Market

The COVID-19 pandemic had a severe effect on the global market for silver catalysts. During the epidemic, issues including a shortage of supplies and the temporary closure of manufacturers emerged, which hampered the market's expansion. The market participants put in place a number of backup strategies to ensure that their businesses continued to run during the pandemic. The market's growth was also hindered by the stagnating growth in a number of end-use industries, including construction and the automobile sector. By the end of 2020, the market for silver catalysts was growing at an acceptable pace due to the growth of other end-use industries including electronics and drugs. The market is anticipated to increase rapidly in the future because of the significant expansion in the electronics and chemicals industries. Introduction of the Silver Catalyst Marke...

United States Exports of base metals, silver or gold, clad with platinum to South Korea was US$13.86 Thousand during 2015, according to the United Nations COMTRADE database on international trade. United States Exports of base metals, silver or gold, clad with platinum to South Korea - data, historical chart and statistics - was last updated on March of 2025.

According to Cognitive Market Research, the global silver jewelery market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 21.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9% from 2024 to 2031.
Adults held the highest silver jewelry market revenue share in 2024.

Market Dynamics of Silver Jewellery Market

Key Drivers of Silver Jewellery Market

Changing Fashion Preferences to Provide Viable Market Output

The silver jewelry market is buoyed by evolving fashion trends, where changing preferences drive demand for versatile and affordable accessories. Silver's adaptability to contemporary styles and designs positions it favorably in the market, attracting consumers seeking trendy yet accessible pieces. Its affordability relative to other precious metals like gold and platinum further amplifies its appeal. As fashion continually evolves, the flexibility of silver jewelry to complement diverse styles ensures its enduring popularity, making it a staple in the accessory collections of fashion-conscious individuals worldwide.

Rising Demand for Personalized and Unique Jewellery Pieces to Propel Market Growth

The rising demand for personalized and unique jewelry pieces fuels the silver jewelry market. Consumers increasingly seek individualized adornments that reflect their personality and style, driving artisans and manufacturers to offer customizable options. This trend aligns with the broader shift towards self-expression and uniqueness in fashion choices. As a result, silver jewelry designers are innovating with custom designs, engraving, and gemstone settings to cater to this demand, contributing to the global growth and dynamism of the silver jewelry market.

Restraint Factors of Silver Jewellery Market

Shortage of Skilled Professionals to Restrict Market Growth

The silver jewelry market thrives due to its affordability, versatility, and sustainability, catering to diverse fashion trends and consumer preferences. However, its growth is hindered by a shortage of skilled professionals in the industry. The intricate craftsmanship required for designing and manufacturing silver jewelry demands specialized training and expertise, which is often lacking. This scarcity of skilled professionals limits the industry's ability to meet rising demand and hampers innovation, posing a challenge to its expansion and development.

Impact of COVID-19 on the Silver Jewellery Market

The silver jewelry market has witnessed resilience amid COVID-19, driven by shifting consumer preferences towards affordable luxury and online shopping. Despite temporary supply chain and retail disruptions, the market rebounded as consumers sought accessible yet stylish accessories. Additionally, the pandemic highlighted silver's antimicrobial properties, boosting its appeal to health-conscious consumers. With increased emphasis on sustainability and economic uncertainty, silver jewelry emerges as a versatile and affordable choice, sustaining its demand throughout the pandemic and beyond. Introduction of the Silver Jewellery Market

Silver jewelry refers to ornaments, accessories, or adornments crafted primarily from silver, a precious metal valued for its lustrous appearance, affordability, and versatility in creating a wide range of designs for personal adornment. The silver jewelry market thrives due to its affordability, sustainability, cultural significance, and flexibility for customization. Innovations in jewelry-making techniques and craftsmanship further bolster the market, enabling intricate design...

Headquartered in Mexico, Fresnillo plc had the largest market capitalization of any silver mining company worldwide, amounting to some eight billion U.S. dollars in 2018. The Peru-based company Buenaventura was ranked second, accounting for a market cap of around five billion U.S. dollars.