This statistic depicts the average annual prices for silver from 2014 through 2026*. In 2024, the average price for silver stood at 28.3 nominal U.S. dollars per troy ounce.

In 2024, the average nominal price of silver in India was ****** Indian rupees for one kilogram, which was an increase of over ****** rupees from the previous year, and the highest figure during the period of consideration.

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

In 2024, the Nepalese silver market increased by 143% to $64M for the first time since 2021, thus ending a two-year declining trend. In general, consumption continues to indicate perceptible growth. Over the period under review, the market attained the maximum level at $209M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

Tanzania earned around ******* U.S. dollars with silver exports in 2022. The export value dropped drastically from around *********** U.S. dollars in the previous year. In 2016, silver exports reached the highest value, nearly ********** U.S. dollars

The Bangladeshi silver market reduced to $65K in 2024, falling by -13.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Silver consumption peaked at $1.1M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

India Minimum Daily Wage Rate: Madhya Pradesh: Gold and Silver Ornaments and Gold Coating/Covering/Jewellery data was reported at 338.460 INR in 2021. This records an increase from the previous number of 323.080 INR for 2020. India Minimum Daily Wage Rate: Madhya Pradesh: Gold and Silver Ornaments and Gold Coating/Covering/Jewellery data is updated yearly, averaging 267.000 INR from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 338.460 INR in 2021 and a record low of 253.000 INR in 2015. India Minimum Daily Wage Rate: Madhya Pradesh: Gold and Silver Ornaments and Gold Coating/Covering/Jewellery data remains active status in CEIC and is reported by Labour Bureau. The data is categorized under India Premium Database’s Labour Market – Table IN.GBE021: Minimum Daily Wage Rate: Minimum Wages Act, 1948: Madhya Pradesh.

South Korea PPI: Commodities: Silver bullion data was reported at 88.980 2015=100 in Apr 2019. This records a decrease from the previous number of 89.670 2015=100 for Mar 2019. South Korea PPI: Commodities: Silver bullion data is updated monthly, averaging 93.720 2015=100 from Dec 2016 (Median) to Apr 2019, with 29 observations. The data reached an all-time high of 106.140 2015=100 in Feb 2017 and a record low of 82.900 2015=100 in Sep 2018. South Korea PPI: Commodities: Silver bullion data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I036: Producer Price Index: Commodities: 2015=100.

The CIS unwrought silver market rose remarkably to $5.4B in 2024, surging by 9.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $16.3B. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

After four years of growth, the Cote d'Ivoire's semi-manufactured silver market decreased by -5.3% to $232 in 2024. Over the period under review, consumption saw a sharp descent. Semi-manufactured silver consumption peaked at $19K in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The Gold and Silver Ore Mining industry explores and develops land to extract precious metals for sale in concentrate, dore and bullion form. Revenue is largely a function of mine output and the world prices of gold and silver. Thanks to an increase in revenue in 2020 amid the COVID-19 pandemic heightening demand for precious metals and a surge in prices in 2024, overall industry revenue has been on the rise, in spite of reduced mine output. Industry revenue is projected to have risen at a CAGR of 2.1% to $12.7 billion over the five years to 2024, with a 11.5% increase in 2024 alone. The industry is capital-intensive with fluctuating production volumes and unstable metal prices causing high entry barriers. Small mines have struggled to survive while larger companies have dominated the market by operating major gold mining facilities. This situation has led to the rise of non-organic growth, as evidenced by the recent partnership between industry giants Barrick and Newmont. Average industry profit, measured as earnings before interest and taxes, has fallen as the industry has faced increased costs. Over the five years to 2029, Gold and Silver Ore Mining revenue is expected to expand at a CAGR of 0.5% to $13.0 billion. Revenue is set to rise during this period due to rising falling gold and silver prices, while profit is set to remain relatively level. With consumer confidence predicted to grow, more people are likely to buy gold and silver as luxury items, but less are expected to invest in precious metals due to economic uncertainties and as an inflation hedge.

This dataset tracks annual graduation rate from 2015 to 2016 for Silver Valley Community Day vs. California and Silver Valley Unified School District

South Korea PPI: Commodities: MI: BM: NFM: NFMB: Gold & Silver Bullion data was reported at 105.230 2015=100 in Apr 2019. This records a decrease from the previous number of 105.520 2015=100 for Mar 2019. South Korea PPI: Commodities: MI: BM: NFM: NFMB: Gold & Silver Bullion data is updated monthly, averaging 96.010 2015=100 from Jan 2000 (Median) to Apr 2019, with 232 observations. The data reached an all-time high of 156.090 2015=100 in Sep 2011 and a record low of 24.340 2015=100 in Nov 2000. South Korea PPI: Commodities: MI: BM: NFM: NFMB: Gold & Silver Bullion data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I036: Producer Price Index: Commodities: 2015=100.

This dataset tracks annual reduced-price lunch eligibility from 2004 to 2015 for Silver Peak Elementary School vs. Nevada and Esmeralda School District

Japan Import Value Index: Silver & Platinum(Group) data was reported at 121.060 2015=100 in Jul 2018. This records a decrease from the previous number of 138.610 2015=100 for Jun 2018. Japan Import Value Index: Silver & Platinum(Group) data is updated monthly, averaging 101.370 2015=100 from Jan 2003 (Median) to Jul 2018, with 187 observations. The data reached an all-time high of 256.080 2015=100 in Jun 2008 and a record low of 36.160 2015=100 in Nov 2003. Japan Import Value Index: Silver & Platinum(Group) data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.JA073: Imports Value Index: 2015=100.

The semi-manufactured silver market in Australia and Oceania fell rapidly to $246M in 2024, which is down by -27% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $350M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

In financial year 2020, the value of silver held as part of physical assets by individuals in India amounted to around **** trillion Indian rupees. This was an increase compared to the previous fiscal year, when the value of silver in physical assets amounted to **** trillion rupees.

Gold and silver ore mining continues to thrive as production levels remain elevated, driven largely by Canada's significant gold deposits, which account for over 98.0% of revenue garnered from gold product sales. Early in the current period, in 2021 and 2022, industry returns fell from pandemic-era highs; during the pandemic, escalating gold prices attracted investor attention because of gold's unique properties as a countercyclical asset, offering a hedge against inflation and market volatility. As the economy recovered, investors began resuming interest in other asset classes but quickly switched back to gold as inflation surged. Even as inflation has cooled, generally rising economic uncertainty, particularly from a potentially escalating trade war, has continued to fuel rising gold prices. Gold and silver ore mining revenue has grown at an estimated CAGR of 1.0% to $18.0 billion through the end of 2025, including a 2.9% increase in 2025. The industry is capital-intensive with fluctuating production volumes and unstable metal prices causing high entry barriers. Small mines have struggled to survive while larger companies have dominated the market by operating major gold mining facilities. This dynamic has encouraged merger and acquisition activity in the industry, with, for example, industry leader Agnico Eagle acquiring the remaining 50.0% interest in the Canadian Malartic Complex, the second-largest operating gold mine in Canada, in 2023. Agnico Eagle previously owned the mine jointly with Yamana Gold. With this acquisition and its other assets (which also include Detour Lake, the largest operating gold mine in Canada), Agnico Eagle has grown to account for an estimated 55.4% of industry revenue in 2025. Average industry profit, measured as earnings before interest and taxes, has seen an overall decline, not quite reaching 2020 highs in spite of recent years of growth. Looking ahead, revenue is set to continue expanding as gold and silver prices continue to rise amid economic uncertainty. Along with investor interest, consumers' need for luxury goods containing gold will persist. Electronic manufacturers are set to buy more gold for microcircuits and other items. Limited deposits will force mining companies to consolidate to reduce operation costs and maximize efficiency. Overall, gold and silver ore mining revenue is set to climb at a CAGR of 2.3%, reaching $20.2 billion through the end of 2030.

South Korea ExPI: CC: MI: BM: NFM: NFMB: Gold & Silver Bullion data was reported at 94.480 2015=100 in Apr 2019. This records a decrease from the previous number of 95.990 2015=100 for Mar 2019. South Korea ExPI: CC: MI: BM: NFM: NFMB: Gold & Silver Bullion data is updated monthly, averaging 96.420 2015=100 from Jan 2018 (Median) to Apr 2019, with 16 observations. The data reached an all-time high of 104.220 2015=100 in Jan 2018 and a record low of 89.040 2015=100 in Sep 2018. South Korea ExPI: CC: MI: BM: NFM: NFMB: Gold & Silver Bullion data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I068: Export Price Index (Contractual Currency Basis): 2015=100.

United States Import Value by Product: Silver: Silver Nitrate, Gross Weight data was reported at 5.000 USD th in Apr 2018. This records a decrease from the previous number of 48.000 USD th for Mar 2018. United States Import Value by Product: Silver: Silver Nitrate, Gross Weight data is updated monthly, averaging 15.000 USD th from Jan 2007 (Median) to Apr 2018, with 136 observations. The data reached an all-time high of 3,730.000 USD th in May 2008 and a record low of 0.000 USD th in Feb 2015. United States Import Value by Product: Silver: Silver Nitrate, Gross Weight data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WB006: Import Value.