Average silver price expected to drop 2% to $21.30 per ounce this year
The US Silver Institute’s “World Silver Survey 2022” report shows that the price of the metal will fall slightly this year despite increasing demand from the PV industry.
Amount of silver needed in solar cells to be more than halved by 2028, Silver Institute says
The US-based industry association finds the amount of silver loading may fall from 130 mg per cell in 2016 to approximately 65 mg by 2028. Alternative and cheaper raw materials, such as copper and aluminum, are not expected to replace silver in commercial cell production, at least in the next decade.
