The solar industry is cutting how much silver goes into every panel as fast as it can, and the market is still headed for a sixth straight annual shortage. That is the tension worth understanding, because solar has been the single biggest growth engine in silver demand for half a decade, and the people who track the market just took a large slice of it off the table. Silver use in photovoltaics fell 6% in 2025 to 186.6 million ounces and is forecast to fall a further 19% in 2026 to roughly 151 million ounces, according to Metals Focus and the Silver Institute. For a metal whose bull case leans heavily on industrial ... (full story)