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Silver Surge Makes ‘Headwind’ for Solar/Fossil Fuel Rivalry

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Soaring silver prices are hampering the solar industry’s ability to compete with fossil fuels.

Panel makers consume about 11 percent of the world’s supply of silver, the material in solar cells that conducts electricity. The metal has appreciated 74 percent to $35.30 a troy ounce on average so far this year from $20.24 last year.