Silver Reserves by Country

Peru has moved up or down in every year of the span — yet never lost the lead. The figures come from the USGS Mineral Commodity Summaries 2019-2026 and describe estimated quantities that can be economically extracted. What is measured is potentially recoverable material rather than what was mined in a given year. The table covers 12 countries, all with reported 2025 values, and listed reserves totaled 553,400 metric tons in 2025. The source gives a rounded world total of 610,000 metric tons. USGS lists a further 57,000 metric tons under Other countries rather than assigning those reserves to individual countries.

Peru (110,000 metric tons), Russia (92,000) and Australia (91,000) sit within 19,000 of one another — just over half the listed total in three countries. China (67,000) and Poland (59,000) follow, with Mexico (37,000) and Bolivia (22,000) unchanged for eight years. A further 57,000 metric tons sits under Other countries, unassigned to individual states.

Silver Reserves by Country

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#	Country	2025 (metric tons)
1	Peru PE	110,000
2	Russia RU	92,000
3	Australia AU	91,000
4	China CN	67,000
5	Poland PL	59,000
6	Mexico MX	37,000
7	Chile CL	33,000
8	United States US	23,000
9	Bolivia BO	22,000
10	India IN	8,000
11	Argentina AR	6,500
12	Canada CA	4,900

Chile's rise of 26.9% was the only increase among twelve reporters in 2025.

Peru's swings

Peru reported 110,000 metric tons in 2018, 120,000, 91,000, 120,000, 98,000, 110,000, 140,000 and 110,000 in 2025 — up or down every single year, never repeating a figure consecutively. The latest fall of 30,000 (-21.4%) is its steepest in the span, yet Peru kept the lead throughout.

Poland's long slide

Poland reported 110,000 metric tons in 2018 — tied with Peru for the lead — and has fallen in nearly every year since, reaching 59,000 in 2025. The 51,000 retreat, about 46% of its starting figure, dropped Poland from first to fifth without a single upward year.

Doubling and breaking through

Russia held 45,000 metric tons from 2018 through 2022, then doubled to 92,000 for 2023 and has held it since. Chile reported 26,000 for seven straight years before jumping to 33,000 in 2025 (+26.9%) — the year's only increase against Peru's, Australia's (-3.2%), China's (-4.3%) and Poland's (-3.3%) declines.

Silver Reserves by Country

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#	Country	2018	2019	2020	2021	2022	2023	2024	2025
1	Peru	110,000	120,000	91,000	120,000	98,000	110,000	140,000	110,000
2	Russia	45,000	45,000	45,000	45,000	45,000	92,000	92,000	92,000
3	Australia	89,000	90,000	88,000	90,000	92,000	94,000	94,000	91,000
4	China	41,000	41,000	41,000	41,000	71,000	72,000	70,000	67,000
5	Poland	110,000	100,000	70,000	67,000	65,000	63,000	61,000	59,000
6	Mexico	37,000	37,000	37,000	37,000	37,000	37,000	37,000	37,000
7	Chile	26,000	26,000	26,000	26,000	26,000	26,000	26,000	33,000
8	United States	25,000	25,000	26,000	26,000	23,000	23,000	23,000	23,000
9	Bolivia	22,000	22,000	22,000	22,000	22,000	22,000	22,000	22,000
10	India	-	-	-	-	7,200	8,000	8,000	8,000
11	Argentina	-	-	-	-	6,500	6,500	6,500	6,500
12	Canada	-	-	-	-	-	-	4,900	4,900

Methodology

Figures come from the USGS Mineral Commodity Summaries 2019-2026, with 2025 values estimated. Units are metric tons, exactly as reported. Empty means the source reported no value; 0 means the source reports zero. The source’s world total, where published, may be rounded, approximate, a lower bound, or a textual estimate, so shares are computed against the sum of the listed countries. Reserves and production are different measures and should not be combined without equalizing units.