The price of photovoltaic silver paste is now up by more than a third in the past month compared to the narrow, stable price range which stretched back into Q1 and 2023. You can consider this article a follow-up on our coverage last month of silver demand in 2024. In that piece we tried to get a read on the moving target of silver paste usage for the three major cell design types of Mono PERC, heterojunction, and TOPCon. Of those three it’s TOPCon which really matters, since its current market share is over 70%, perhaps as high as 85%. TOPCon has just recently, over the past twelve months replaced the much less silver-intensive Mono PERC, a shift which has…