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Silver Demand by the Global Solar PV Market Surges to 3,142 Tons

Demand for silver surged despite an 80% drop in average silver loading per cell

April 27, 2021

/ Rahul Nair
/ Other, Renewable Energy
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As the solar photovoltaic (PV) market continues to expand, with 18 countries achieving 1 GW installation capacity in 2020, silver’s offtake by the PV industry reached 101 million ounces (Moz) or 3,142 tons in 2020.

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Rahul Nair

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