Panels prices bottomed about a year ago below many manufacturer's cash cost, and have gone mostly sideways since. https://www.pvxchange.com/Price-Index
If silver stays above $70/oz, prices will likely go up by 5-10%.
Until Perovskite tandem technology matures, there's unlikely to be any significant reduction in PV module prices.
Manufacturers already reacted and intensified efforts to replace silver in panels with copper:
https://finance-commerce.com/2026/02/solar-panels-silver-to-...
Even if they got stuck at that price point and never went down again it's already over. 30 years of buying natural gas can't compete with that.