Commodity Origins

Silver vs Copper

Silver's biggest producer is Mexico (24%, 2025); Copper's is Chile (23%, 2025). Silver is currently $65.4/troy oz, Copper $14,326/t. Their monthly price moves have moderately tracked each other over the 799 months compared (r = 0.32).

Silver compared with Copper
SilverCopper
CategoryMetalsMetals
Top producerMexico (24%, 2025)Chile (23%, 2025)
World production26,000 tonnes23 million tonnes
Top exporterChina (16%, 2024)Chile (29%, 2024)
Latest price$65.4/troy oz (August 2026)$14,326/t (August 2026)
12-month change+71%+48%

Price since January 1960, rebased to 100

Each price divided by its own January 1960 value and multiplied by 100, so the two can share one chart regardless of unit. Starts at January 1960 because that is the later of the two series' first published month.

Silver vs Copper monthly prices, index, Jan 1960 to Aug 2026Line chart of silver vs copper monthly prices in index from Jan 1960 to Aug 2026: Silver from 100 to 7,267, peaking at 10,233; Copper from 100 to 2,004, peaking at 2,004.02,0004,0006,0008,00010,00019601965197019751980198519901995200020052010201520202025index
SilverCopper

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Production: FAOSTAT, USGS Mineral Commodity Summaries or the Energy Institute Statistical Review, whichever each commodity page cites. Trade: CEPII BACI, primary HS line. Prices: World Bank Pink Sheet, monthly averages, not investment advice.