Commodity
Silver
Silver sits awkwardly between a precious metal and an industrial one, which is why it tends to move further than gold in both directions.
Price
What it is used for
- Solar photovoltaic cells
- Electrical contacts and conductors
- Brazing and soldering
- Jewellery and silverware
- Investment
Supply
Most silver is a by-product of lead, zinc, copper and gold mining rather than the main product, so supply responds slowly to the silver price itself.
Principal producing countries: Mexico, China, Peru, Chile, Poland, Australia.
Producer list from United States Geological Survey, Mineral Commodity Summaries, checked 10 September 2026.