Which countries produce the world’s silver?
In 2023, silver mines produced 830.5 million ounces of silver. That total is projected to decline by about 1 percent to 823.5 million ounces in 2024.
A record $1 billion outflow from the iShares Silver Trust (SLV.P) in the week ended Wednesday helped feed silver’s torrid price decline, just as the fund’s earlier inflows aided the prior rally.
Many more small investors can trade the iShares exchange-traded fund than participate in the precious metals futures market, and that can exacerbate the volatility of day-to-day price moves, investors said.
