{
  "id": 266172,
  "title": "Silver: Solar demand headwinds emerge – Commerzbank",
  "url": "https://urgent.news/2026/08/07/silver-solar-demand-headwinds-emerge-commerzbank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T13:48:18.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-solar-demand-headwinds-emerge-commerzbank-202608071348"
  },
  "original_language": "en",
  "account": "Commerzbank's analyst Carsten Fritsch has observed a 10% surge in silver prices to $63.9 per troy ounce, marking its highest level since late June. This price increase has caused the gold/silver ratio to dip below 70, despite solar-sector demand for silver being expected to decline for the second year in a row. BNEF projects a 19% reduction in silver usage for solar module production this year compared to the previous year, with the solar industry's share of total silver demand dropping to 14% from 18%. This decline is attributed to a decrease in the use of silver in silicon solar cells, with BNEF predicting a further 17% decrease this year, triggered by the record-high silver prices, which reached $120 per troy ounce by the end of January. Despite the price drop of around 50% since late January, silver still accounts for over 17% of solar module production costs, making it the most significant material cost component.",
  "summary": "Commerzbank’s Carsten Fritsch notes that the Silver price has surged over 10% this week to USD 63.9 per troy ounce, its highest level since late June, pulling the gold/silver ratio back below 70.",
  "key_points": [
    "Silver prices surge 10% to $63.9 per troy ounce, highest since late June.",
    "Gold/silver ratio dips below 70 despite expected solar-sector demand decline.",
    "Solar industry's silver demand share drops to 14%, 17% decrease projected this year."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}