us_imports_silver_content = 296000 kilogram (2026-03)

A single March 2026 silver-content trade total does not establish a change in available supply or demand; imports can be held, invested or processed, and exports do not identify final use. Direction unknown.

Price confidence: low

Counter-case: A sustained, comparable net trade series could affect domestic availability, but only one stale month is retained and no global balance is measured.

US imports for consumption, Table 3 total silver content; excludes gross-weight scrap Table 4; not industrial consumption

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_exports_silver_content = 289000 kilogram (2026-03)

A single March 2026 silver-content trade total does not establish a change in available supply or demand; imports can be held, invested or processed, and exports do not identify final use. Direction unknown.

Price confidence: low

Counter-case: A sustained, comparable net trade series could affect domestic availability, but only one stale month is retained and no global balance is measured.

US domestic exports, Table 5 total silver content; excludes gross-weight scrap Table 6; no netting into global balance

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_recovered_silver = 1000 metric_ton (2025)

US us recovered silver rose from 955 to 1,000 metric tons (+4.7% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

Secondary recovery of silver content; not gross scrap and not additive to mine+refinery total

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_mine_silver = 1100 metric_ton (2025)

US us mine silver rose from 1,050 to 1,100 metric tons (+4.8% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

US mine output including primary and byproduct silver; not ore tonnage

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_recovered_silver = 955 metric_ton (2024)

US us recovered silver fell from 1,150 to 955 metric tons (-17.0% year over year), a up price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

Secondary recovery of silver content; not gross scrap and not additive to mine+refinery total

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_mine_silver = 1050 metric_ton (2024)

US us mine silver rose from 1,020 to 1,050 metric tons (+2.9% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

US mine output including primary and byproduct silver; not ore tonnage

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_mine_silver = 1020 metric_ton (2023)

US us mine silver rose from 1,010 to 1,020 metric tons (+1.0% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

US mine output including primary and byproduct silver; not ore tonnage

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_recovered_silver = 1150 metric_ton (2023)

US us recovered silver rose from 1,090 to 1,150 metric tons (+5.5% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

Secondary recovery of silver content; not gross scrap and not additive to mine+refinery total

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_recovered_silver = 1090 metric_ton (2022)

US us recovered silver rose from 908 to 1,090 metric tons (+20.0% year over year), a down price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

Secondary recovery of silver content; not gross scrap and not additive to mine+refinery total

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_mine_silver = 1010 metric_ton (2022)

US us mine silver fell from 1,020 to 1,010 metric tons (-1.0% year over year), a up price-pressure factor via supply.

Price confidence: low

Counter-case: This is one annual US series, not global supply; output is small relative to world supply, revisions are possible, and demand, stock changes and investment flows can outweigh it.

US mine output including primary and byproduct silver; not ore tonnage

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_mine_silver = 1020 metric_ton (2021)

No comparable adjacent observation supports a price-impact direction.

Price confidence: low

Counter-case: Unobserved global supply, industrial use, investment demand, inventories and financial conditions can dominate or offset this factor.

US mine output including primary and byproduct silver; not ore tonnage

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.

us_recovered_silver = 908 metric_ton (2021)

No comparable adjacent observation supports a price-impact direction.

Price confidence: low

Counter-case: Unobserved global supply, industrial use, investment demand, inventories and financial conditions can dominate or offset this factor.

Secondary recovery of silver content; not gross scrap and not additive to mine+refinery total

Next check: Next official USGS annual or monthly silver release and any revision to this observation.; A material change in relevant physical holdings, investment flows, futures positioning, industrial demand, USD or real rates.