Silver prices have surged dramatically, causing the cost of photovoltaic materials to increase.

Over the past year, the price of silver has experienced an explosive rise, hitting new highs repeatedly, with a increase of over 26% since 2026, making it one of the most closely watched assets in the global market. Corporate officials told reporters that with the increasing global installation of photovoltaic systems in recent years, the annual demand for silver in the photovoltaic industry has exceeded 5,000 tons, accounting for one-sixth of the global annual silver production. As of January 22, 15 A-share listed companies in the photovoltaic manufacturing sector have issued performance forecasts for 2025, with many companies citing the rise in silver prices as a key factor in their expected losses. At the same time, reporters found that several listed companies have begun exploring "de-silverization" and "reduced-silverization" technologies, with these technologies expected to begin large-scale capacity building in 2026.