Silver falls, can photovoltaics get enough to eat?

Wallstreetcn
2026.02.01 01:53
portai
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Silver prices plummeted, with Trump and Musk being mocked as heroes saving the photovoltaic industry. The nomination of the new chairman of the Federal Reserve triggered market panic, causing COMEX silver futures to crash by 25.50%, falling from a historical high of $121.785 to $74, while the main contract for Shanghai silver also dropped by 17%. This presents an opportunity for photovoltaic companies to reduce costs, with the cost of each watt of solar cells and components decreasing by ten cents, alleviating pressure on businesses