All of the World’s Silver Reserves by Country, in One Visualization

By Bruno Venditti – Visual Capitalist

Silver prices surged to new all-time highs in December, extending a powerful end-of-year rally supported by geopolitical uncertainty and a weaker U.S. dollar.

Silver futures briefly touched around $80, marking an unprecedented 160% rally in 2025 that outpaced even gold. Against this backdrop, understanding where the world’s silver reserves are concentrated provides crucial context for future supply dynamics.