Global silver trade from the 16th to 18th centuries which China desired, so they traded silver to make up for their trade deficit. The two most important mining colonies of the Spanish Empire were Peru and Mexico, who were estimated to have provided one-hundred thousand tons of silver from the mid 16th Century to the end of the colonial period. The richest, and most productive mine in the Americas was that of Potosí in what is modern day Bolivia. The richest camp in Mexico was in the city of Zacatecas, however the production of this mine was far less than that of Potosi. More simplistic native mining techniques dominated
Global silver trade from the 16th to 18th centuries to the expansive and profitable silver trade. In fact, research shows the amount of silver traveling from Manila to China was approximately three million pesos or 94,000 kilograms in the early 1600s. The rarity of silver production was seen as an opportunity for China to control the currency's value and support its own national currency. Silver was one of the only accepted trade items from Europeans and its value in China was astronomical compared to rest of the world. In fact, its value was twice that of Spain in the 16th and 17th centuries. Between 1600 and 1800 China received