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Silver is produced from mines scattered all across the globe. However the concentration of silver is denser in some countries than in others. Though silver is produced from many corners of the world, some countries are considered prime targets for silver mining. The main reason for this is that they are producing large amounts of silver and have no apparent threat to silver production looming over the horizon. Raw material analysts state that Mexico and Peru are the top silver mining destinations. These are the founding stones on which the world silver economy rests. Silver is to these countries what oil is to Saudi Arabia. Mexico has now emerged as the hottest spot for silver production. Mexico is ahead of Peru in terms of silver production. The silver production of Mexico in 2010 was nearly around 120 million ounces of silver. Mexico has shown a steady climb in production and marks positive growth for further years. Fresnillo is a key player involved with silver production in Mexico. It also boasts of being the largest silver mine in the world. The Sautico mine was opened up by Fresnillo in 2011. Mexico is regarded as a prime destination for silver investments. Foreign interests are highly attracted to this region. Investors have a positive outlook that their investments will reap good profits through rising silver prices. Peru is also still considered a prime location for silver production in spite of the problems faced by the silver mining industry in Peru. Peru promotes and is conducive to silver mining. Additionally it is a nation rich in silver. These conditions create a favourable atmosphere for silver investors. Recently, silver production in Peru has gone down due to labour strikes, bureaucracy and community clashes against silver miners. The government is sympathetic towards the mining community and recognises its contribution towards society. Peru continues to see healthy silver investments despite the problems faced by the mining industry. The investors continue to gain profits through good prices on silver. China too is emerging as a prime destination for silver production. It has now become the world’s third largest producer of silver. It has emerged as a hot destination for silver not only because of its mass production but also because there is now, a huge demand for silver in China itself. It has now become a net importer of silver than a net exporter. Trends show popular demand for the metal in China despite the high silver price. The freelancer is a knowledgeable columnist in silver market, mining & stocks, who regularly writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com for more details.
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