However, demand for Chinese modules is expected to dip in 2026, he said, driven by a slowdown in the domestic Chinese market and slowed demand in Europe and Australia. Growth markets like India, Turkey, and the US have largely been inaccessible to Chinese module producers due to protectionist policies. Bakke said some analysts claim the current silver price is inflated and “not the real price of silver”. Bakke said: “They are not necessarily making any money, even if price quotes and actual transaction prices for solar cells have increased.”What is the long-term solar price outlook? “It’s difficult to look with a crystal ball, but if manufacturers are not adhering to what’s happening in the market [slower demand], prices will drop back below the cost”.