The recent rise in the price of silver, as a result of the massive markets of individual investors coordinated on Reddit forums, has some collateral losses.
The reason for the producers of solar panels, ie photovoltaics, who see the cost of production increasing overnight.
Today, the metal contracts record an increase of 11%, marking the highest level of the last eight years, but also the highest daily profits of the last 11 years.
This boom is due to some micro-investors, who decided to coordinate and make mass purchases, in order to make large profits. Just like last week with the GameStop share.
But in the case of silver, increasing its value entails higher costs for the manufacture of a range of products, such as photovoltaic panels, which absorb 10% of global silver demand.
The rise in the price of the metal, in fact, comes at a time when Chinese producers are trying to increase stocks in anticipation of the Chinese New Year, which begins next week.
According to data from BloombergNEF, at present, the cost of silver is almost 5% of the total cost of producing a panel.
