Silver's opening year increase exceeds 30%, companies accelerate silver reduction to cope with the surge in silver prices

PANews January 23 News, according to CCTV.com, over the past year, silver prices have repeatedly hit new highs, with the increase since 2026 exceeding 30%. As the most conductive metal, silver has a wide range of applications in the industrial sector, among which the demand for silver in the photovoltaic manufacturing field has grown rapidly in recent years. Silver paste made from silver as raw material can be said to be the “circulatory system” of photovoltaic cells, capable of improving the energy conversion efficiency and output performance of photovoltaic cells. Industry insiders stated that with the increase in global photovoltaic installations in recent years, the annual demand for silver in the photovoltaic industry has already exceeded 5,000 tons, accounting for one-sixth of the global annual silver production. A review found that many listed companies have already begun exploring “de-silvering” and “reducing silver” technologies, and related technologies will begin large-scale capacity construction in 2026.