offtake · non-aligned supply brief

Silver (Ag)

precious · criticality 5/10 · substitutability: moderate

MOS Rank

#58

score 12 · conf 43%

Published 2026-04-17 · Mineral Opportunity Score ranks all 58 tracked minerals by broker profitability.

Why this week

  • —Thin non-aligned supply — sourcing hard
  • —Liquid exchange — low broker spread

Supply concentration

17% of global production is in China + Russia

HHI 1000

China 13% · Russia 4%Non-aligned 83%

Top producers

  • Mexico24%
  • China13%
  • Peru12%
  • Chile5%
  • Australia5%

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