Only5mins! – Silver price outlook and PV industry impact
Michael DiRienzo, executive director of The Silver Institute, tells pv magazine that average silver prices will hover around $23 per ounce this year, without any anticipated supply disruptions for the solar industry.
Silver accounts for 10% of PV module costs
The share of silver in the total cost of PV modules has increased by around 5% in recent months, according to US analyst Matthew Watson. He told pv magazine that silver prices are set to rise, adding that the metal will eventually account for an even larger percentage of overall module costs.
