China is certainly going to try to hoard silver as well as anything else it seems the industrial nations need but it will be buying cheap and hoarding it as well as trying to buy up any other nations mines that are dumb enough to let them and thats where the possible long term threat can emerge.
Their country only mines and produces a small percentage of the silver miners.
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China produces roughly 13 to 14 percent of the world’s mined silver, yielding about 109 to 113 million ounces annually. This ranks China as the world’s second-largest silver-mining country, sitting behind Mexico. [1, 2, 3]
Production and Byproduct Details
- Global Share: ~13.5% of annual global mine production.
- Byproduct Nature: The vast majority of China’s silver is mined as a byproduct (about 70% to 85%) of base metal operations, primarily lead, zinc, and copper.
- Primary Mines: Only a small percentage comes from primary silver operations, such as the Ying Mining District in Henan Province.
- Reserves: China holds roughly 70,000 metric tons of silver reserves, representing about 11% to 12% of total global reserves