Silver price is making prices of other commodities go up.

Solar panel manufacturing costs are rising sharply because of silver. Silver $XAG now accounts for a record 29 percent of total solar panel production costs up from 15 percent last year as silver prices have more than tripled. In comparison the share was 11 percent in 2024 and just 3 percent in 2023.

This has made silver the biggest cost component in solar panels surpassing aluminum glass and resins. As a result manufacturers are increasing prices and speeding up efforts to replace silver with cheaper alternatives such as copper.

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