Where is the silver going?
Silver was going to China. China was the biggest buyer of silver in the world at the time the New World was founded.
Where is it coming from?
Spanish America, Mexico and Peru, produced most of the silver in the world. It produced 15,000 tons of silver by itself between 1500 & 1800 and produced 80% of the world's silver.
Who are the major players in the 'silver trade'?
The mayor players in the silver trade were Europe, Asia (China), North America, and South America.
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