Biden’s ‘green stimulus’ would send silver soaring to $50: Bank of America

Already surging silver prices could get a big boost if former Vice President Joe Biden wins the 2020 election and pieces of the Green New Deal are put into action, according to strategists at Bank of America.

READ  Why Government Stimulus Sometimes Looks like It Revives the Economy

Biden has championed portions of the climate plan, which calls for the U.S. to reach net-zero carbon emissions by 2050.

A switch to more renewable sources of energy – including solar – would have to be a big part of the plan, and silver is a key ingredient in solar panels.