Silver

The Symbol of Silver, a shiny and white metal, is Ag. (Comes from the word argentum in Latin). It is available in combination with silver, copper and gold as alloy, especially sulfur and chloride. It is usually seen together with gold, lead and zinc minerals. Silver in general; It is used in the photography industry, electronic parts, coin production, ornaments and jewelry, alloys, and the dental industry. It is also used in making rain grenades (silver iodide), mirror glazes, batteries and wires to rain artificial rain. In the past, it was used as an electrical wire because it conducts electricity well and can be easily turned into a wire. Two kilometers of thin wire can be drawn from a gram of silver, but it is no longer used for this purpose because it is a rare element in nature and is a valuable element.

Worldwide, Peru, Russia and Australia have rich silver deposit deposits. Mexico, which ranks first in the production of silver mines in the world, is followed by Peru, China, Chile and Poland respectively.

Global silver production has averaged around 26,000 tons in recent years, and the average silver price between 2014 and 2025 was approximately US$22 per ounce.          

Türkiye commissioned Eti Gümüş facilities in 1987, is Türkiye’s first and only pit-run manufacturer of metallic silver from ore with an integrated process up to the final product stage. 

While silver prices in the global market were around $10/ounce in the 2000s, they have followed the rise in gold prices due to increasing global risks, averaging around $40 in 2025 and starting 2026 at $73/ounce.

Date of Update: 18 May 2026