Solar Cells May Use Most of the World’s Silver Reserves by 2050 according to Australian Study

The trend line growth is not surprising, but the growth projected by the study’s authors is dramatic. The Silver Institute’s World Silver Survey 2022 reported that silver offtake for photovoltaics reached a record 113.7 million ounces in 2021, compared to only 50.5 million ounces in 2013, with 2022 estimates of 127 million ounces.