Yeah, but its a silly metric. If they really wanted to know the Silver used they would be looking for how many panels were made. Looking to see if they are installed is silly, perhaps only a way to help verify production.
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
• Silver Price Posts All-Time High
• Physical Silver’s Growing Importance to Global Silver Demand: In-Depth Report
• US Mint Aims to Stop Counterfeiters with Laser Engraved ‘Privy’ Marks
• Nanosilver Particles Help Produce ‘Super Capacitor’
• Building Electronic Components in Space
• Silver Nanofilms Can Reduce Food Dyes in Soft Drinks
• Seeing in the Dark with Silver Nanowires
...
On April 15 they published their annual report and, as in past, there is no shortage of glaring inconsistencies. To begin with, alongside physical mine production and recycling, they added 45 million ounces to last year's physical supply, and 10 million ounces to this year's supply through a category called hedging. Hedging is a financial construct, it is not part of the physical supply of a commodity. You cannot make a solar panel produce energy from hedged silver any more than you can grow a corn crop by buying corn futures. To quote the Silver Institute "options remain the preferred method of hedging." I am aware how an out of the money put or call can become valuable, but I didn't know that options could literally transform themselves into silver mines.
In their latest report they also retroactively increased mine and recycling supply for 2025 by a total of 29 million ounces. In other words, their magic wand conjured up a total of 84 million ounces of silver out of thin air from one year to the next.
However, these increases in supply pale in comparison with the decreases on the demand side, where they unleashed several full scale assaults.
...
He may be correct. But I am not sure one can compare solar panels of 2014 to today in silver per watt. Panels have become much more efficient.Brutal:
More:
![]()
The Silver Institute Strikes Again -- John Macintosh
Ironically, silver's dirty little secret may well be this; the grimy industrial side of this unappreciated and, for many decades, unloved metal, may end up proving how uniquely precious it is.silverseek.com