Are silver prices poised to win big from Biden's stimulus plan? [Video]

This week, President Joe Biden unveiled his ambitious $2.3 trillion Green Energy and Infrastructure spending plan, calling it a “once in a generation” investment.

Fresh from passing a $1.9 trillion stimulus bill – President Biden has now turned his attention to a similarly massive plan of investment into infrastructure, which means that the U.S is going to need more commodities.

America requires Copper, Palladium, Cobalt, Lithium and rare earths for batteries. Above all, it needs Silver – and lots of it.

Silver will go into the electric vehicles that President Biden has said he’ll buy for the government fleet, in the charging stations to power them and in the cables connecting new wind turbines and solar farms to the grid.

Now, here's where things get interesting.

There is a lack of Silver around the world. There is not much Silver at any refineries and even getting your hands on physical Silver is difficult. In fact, Silver is now rarer than Gold, which means there is a risk of a real Silver squeeze this year.

Silver is a key component in President Biden’s ambitious Green Energy and Infrastructure plan. Based on our proprietary research, photovoltaic demand for Silver could exceed 3000 tonnes in 2021 – and that’s just the beginning.

As the U.S and other governments around the world pursue more aggressive Green Energy and Infrastructure policies to reach net-zero carbon emissions by 2050 or sooner – this alone will continue to be a major driver of Silver demand for years to come.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: