Fluctuations in silver prices affect corporate profits, and the photovoltaic industry uses financial tools to crack the difficult problem of ensuring supply.

Since 2025, influenced by multiple factors such as the highlighted uncertainty in geopolitical situations, expected changes in global monetary policies, and adjustments in supply and demand fundamentals, the prices of precious metals have experienced drastic fluctuations. Among them, the volatility of silver prices has reached a historical high, causing impacts on the operations of many industrial silver-using enterprises. Solar silver paste is a core auxiliary material for the manufacture of solar cells, with the cost of silver in this process accounting for over 90%. Recently, visits to multiple physical enterprises have revealed that some leading solar silver paste companies and upstream suppliers have begun to establish professional futures and options trading teams, in order to manage the exposure to silver prices in the production and operation process through hedging, as well as participate in futures delivery to lock in future sources of physical silver.