For anyone new to the silver market, it may seem that an obvious question to ask is - How Much Silver Does the World Have? It is a good question, and actually you don't see it discussed very much, even though it is clearly an important piece of information to know if you are thinking of investing in silver. The answer is a bit complicated, but it is possible to get some idea. Let's use the USGS (US Geological Survey) as our information source for this topic. While all estimates are subject to revision over time as more information is obtained, we have to start somewhere. The USGS data on world silver reserves is as good a source as any. It's their job to try and estimate how much silver the world has and they update it every year. Here is a link to the 2020 report on silver (for 2019) and here is the link to the latest 2021 report , just released in January 2021. You can access both reports to compare and see how the estimate changed from 2020 to 2021 (note: they revised...
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