Silver price surge drives PV makers to cut silver usage further

The price of silver rose above $44 per ounce this week after gaining more than 30% in six months, with silver expert Philip Newman telling pv magazine it could exceed $50 per ounce next year, raising pressure on PV module makers to curb silver use.The silver price climbed to $44.86 per ounce this week, its highest level in a decade. That compares with an average silver price of $28.27 per ounce in 2024 and $23.35 per ounce in 2023. "There are many factors contributing to this growth, but two in particular are pushing the silver price so high," Philip Newman, managing director of UK-based market ...

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