Spot silver has fallen below $50 per ounce

36Kr learned that spot silver has fallen below $50 per ounce

Solar Installations Surge, But Silver Thrifting Goes Into Overdrive

Gold and silver prices fell after a midday sell-off. Despite a surge in solar installations, silver demand in photovoltaics is expected to decrease due to thrifting efforts. Innovations like copper-cored silver paste and silver-free metallization are reducing silver usage in solar panels. This trend is driven by rising silver prices and advancements in technology, leading to a forecasted 5% drop in PV silver demand by 2025.

Shares of precious metals stocks are trading lower as gold and silver drop following September jobs data, which could put a December rate cut into question.