The sharp rise and recent volatility in silver prices has become a growing concern across global manufacturing sectors.
For the solar industry, where silver is a critical raw material, these movements are already having tangible effects on panel pricing and supply chains.
At Absolar, while we are based in the UK, we work closely with international manufacturers and maintain direct relationships with senior decision-makers across the solar supply chain.
This allows us to move beyond headline market commentary and understand what is happening at factory level, in real time.
This week, we spoke directly with Mr He, Head of International Sales at Astronergy, to discuss the recent market movements and their implications for solar projects worldwide.
According to Mr He, silver is not a minor component in modern photovoltaic modules.
While gold is not used in solar panels, silver plays a critical role in the electrical contacts within solar cells.
Historically, silver accounted for approximately 6–7% of the material cost of a solar panel.
Over the last three months, that figure has risen dramatically, reaching close to 30% as silver prices surged.
This shift has led to:
The situation is intensified by silver’s widespread use across multiple industries, from electronics to energy storage, which places additional pressure on supply.
In China, silver has also been elevated to a strategic commodity category, similar to gold, introducing further regulatory oversight and influencing availability.
For UK businesses considering solar, these developments underline an important reality: solar pricing is no longer driven by installation or labour costs.
Global material markets now play a much more visible role, particularly in the short term.
However, short-term volatility does not undermine the long-term fundamentals of solar PV investments.
Energy prices remain high, on-site generation continues to offer strong commercial value, and demand for clean, reliable power is only increasing.
The challenge lies in navigating volatility without passing unnecessary risk onto clients.
At Absolar, our approach is deliberately technology-led.
Rather than relying on static assumptions or headline pricing, we use data and modelling to give clients a clear, project-specific assessment, even during periods of market turbulence.
This includes:
The aim is simple: to ensure that clients are not exposed to sudden material price swings and can make informed decisions with confidence.
Silver prices may continue to fluctuate, and further corrections or spikes are likely as markets respond to global economic conditions.
What remains constant is the need for clarity, transparency, and robust project evaluation.
By combining close manufacturer relationships with advanced assessment technology, Absolar helps UK businesses move forward with solar projects based on long-term value rather than short-term uncertainty.
Absolar’s team combines advanced remote surveying with meticulous project planning and stakeholder coordination - a critical factor in delivering safe, cost-effective installations at scale.
As this project progresses, we’ll continue to share updates and outcomes; and showcase how clean energy can work hand-in-hand with thoughtful design, safety, and long-term value for businesses and communities.
If you would like to know more about your building's solar potential, you can request a free Remote Solar Survey here, or contact our friendly solar engineering team.
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📞 Phone: 02382 680 106
✉️ Email: info@absolar.co.uk
🌐 Website: www.absolar.co.uk
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