Born With A Silver Spoon Reading

Where is the silver going?  Where is it coming from?  Who are the major players in the 'silver trade'?

China was the primary buyer of silver. The Spanish America had led in supply, deriving its silver from American regions such as Mexico, Acapulco, and others in Latin America. The second supplier was Japan, although the country's exports dropped significantly in the 17th century. The major players in the 'silver trade' were Spain, and its American tributaries, Portugal, the Dutch, Japan, China, and the Philippines (it's port, Manilla).