How are solar panels related to silver? Silver is an important material in manufacturing the panels.
Mining.com said, "Given that it has the highest electrical and thermal conductivity of all metals, commercial solar panels incorporate about 20g of silver per unit. According to the experts at Kent, this means that the metal is responsible for around 6.1% of the total cost of building each panel."
Since the demand for solar panels is rising, the demand for silver is likely to rise as well.
Researchers from Kent Business School published a paper this week in the journal Environmental Science and Pollution Research where they state that increased demand for solar panels causes silver prices to spike.After analyzing a series of datasets from the London Bulli...Read More »