Silver's Solar Paradox: Using Less, Still Running Short

From silverpriceforecast.com

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)