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Mexico and Peru Report Significant Silver Mining Output Amid Market Shifts

1 report, 1 independent Updated Sun 00:00
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What happened

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Mexico and Peru reported significant silver mining output, with Mexico mining 172.9 million ounces and Peru mining 130 million ounces in 2025. On November 2, 2026, silver's last verified spot close was US$50.63. Meanwhile, gold fell 0.65% to US$3,922 on November 3, 2026, as the US 10-year Treasury yield rose 7 basis points to 4.97% and the US dollar index gained 0.14% to 101.89.

From riotimesonline.com

Why it matters

Some supportBrind's analysis of the reports

Mexico and Peru dominate global silver production. The recent rise in US Treasury yields and the strengthening US dollar make non-interest-bearing metals less attractive to buyers using other currencies. This market pressure could affect national export revenue and fiscal policy in Peru, where Elmer Cuba serves as the Economy and Finance Minister.

From riotimesonline.com

Who's involved

  • PeruSovereign state in South America and major silver producer
  • Mexico CityCapital and largest city of Mexico and major silver producer
  • Elmer CubaEconomy and Finance Minister of Peru

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