FXEMPIRE
All
Ad
Advertisement
Advertisement
Phil Carr
Add to Bookmarks
Silver

This week, Silver prices rebounded from March lows, after the U.S Federal Reserve confirmed its commitment to zero rates and QE asset purchases, alongside President Biden’s massive $2.3 trillion Green Energy and Infrastructure spending plan.

Similar to the $1.9 trillion stimulus plan signed only a few weeks ago – Biden’s new package will involve pumping hundreds of billions of dollars into improving the nation’s aging roads, bridges, schools, railways, waterways, airports and cellular network.

Advertisement
Know where Silver is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

One of the highlights of Biden’s proposal is a $174 billion investment into Electric Vehicles and billions more for renewable energy initiatives – with the goal to build a national network of 500,000 electrical vehicle charging stations by 2030.

Biden’s massive Green Energy and Infrastructure spending plan, ultimately means that the U.S is going to need more commodities.

Specifically industrial metals including: Copper, Palladium, Platinum, Lithium, Nickel and rare earth metals for batteries and 5G technology. Above all, it needs Silver – and lots of it.

Silver is a key component in President Biden’s ambitious multi-trillion dollar plan – as it will go into the electric vehicles, as well as the charging stations to power them and in the cables connecting new wind turbines and solar farms to the grid.

However, supply is limited – which is yet another indication that we could be on verge of a new supercycle in commodities as demand outstrips supply this year.

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:

For a look at all of today’s economic events, check out our economic calendar.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker