The goal of this paper is to identify, for the first time, the role of solar production in driving silver prices. The empirical analysis makes use of the ARDL model and the combined cointegration. The results, spanning the period 1990–2016, document that stronger solar installed capacities, as well as higher gross electricity production from solar sources, lead to higher silver prices. The findings could be of great importance to silver suppliers and to energy policymakers and regulators, as well as to solar panel manufacturers.
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The authors express their deep gratitude to both reviewers of this journal for many helpful comments and suggestions that enhanced the merit of this work. Special thanks also go to the Editor for giving them the opportunity to revise their work.
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Apergis, I., Apergis, N. Silver prices and solar energy production. Environ Sci Pollut Res 26, 8525–8532 (2019). https://doi.org/10.1007/s11356-019-04357-1
- Silver prices
- Solar energy capacity
- ARDL and combined cointegration estimates