Silver prices are about to explode as stars are lining up like never before

2020 was a stellar year for the precious metals, indeed one for the books.

As the pandemic hit the global economies early in the year and governments around the world began to shut everything down and the printing machines began to print ginormous amounts of money out of thin air to save their economies from total collapse, gold jumped 24%, while silver jumped nearly 50%, over double that of gold.

But that was not the real news. This is not the first time the precious metals have had a groundbreaking year. You don't have to look any further than 2011 to see these two safe haven metals have a record breaking year.

The real news was the circumstances under which silver beat gold by over double. Let me explain why silver prices are about to explode to the moon and make last year's jump look mediocre at best.

Unlike gold which is primarily used as a safe haven and wealth protection asset by worried investors and central banks alike, silver on the other hand has a duo purpose.

One purpose is to act as a hedge against inflation much like gold as investors try to save the value of their hard earned money from irresponsible governments' behavior whose only solution to every single crisis seems to be printing and spending more money as has been the case during every crisis in the last five decades.

The second and more essential purpose for silver is the industrial need for this rare precious metals which for nearly a century has been utilized as an efficient electronic conductor. Indeed for many decades the tech industry has tried to find a cheaper substitute to replace silver with, and each and every time, has failed to find anything that is capable of doing what silver has done for as cheaply and efficiently as silver has been able to do. So they keep finding themselves back in need of silver to continue to strive in their respective field.

From solar panels to electric car batteries, cellphones, cars and hundreds of other similar daily essentials, silver is an absolute necessity, without which many of these industries could not survive.

Now here is where the real news about why last year stellar performance by silver becomes astounding.

According to Statista which monitors the global silver usage, well over 75% of all above-ground silver is used annually in various tech industries. Only about 25% is purchased by investors in the form of coins and bars.

So now with those facts in mind, let's take a closer look at what is so amazing about last year's silver price explosion. As I indicated before, the entire world essentially shut down last year. From restaurants to theaters to factories and beyond, the world as a whole turned off the lights, locked up and went home, and yet, despite the lack of industrial demand due to the lockdown which is 75% of annual silver usage, silver still shot up nearly 50% during that period. If that does not impress you, nothing will!

Think about that for a minute. Let me repeat, the primary demand for silver which is 75% via tech industries, dropped to zero worldwide, and yet silver shot up over 50%! Talk about impressive!

Ok, so now you say, but last year was last year, why should I care about this in 2021 and beyond? Here is your answer:

As the vaccines begin to be shipped to all countries around the world and the economies start to reopen their doors, there is an enormous pent-up demand for silver by all these industries that needs to be filled. This, on top of a growing demand by the majority of investors who feel gold is too expensive for their budget and instead try to protect their wealth against devaluation of the dollar with silver at its much lower price.

Indeed, the coming weeks, months and years will be one for the record books as those two forces; the pent-up industrial demand and growing investors' demand will join forces and explode silver prices to levels that will astound the world over.

But even THAT is not the entire story. There is more to this. I mean, my God, talk about stars lining up for a certain asset all at once. Ready? Listen to this:

As I am sure you would already know if you paid any attention to the last presidential campaign between former President Trump and the now President Biden, you should know that Biden repeatedly, during the campaign and in every debate, talked about green energy.

In fact, in the first hour of his presidency, true to his word, Biden signed an executive order to do away with the keystone pipeline in favor of green energy.

A huge part of the so called green energy is solar panels. And as you might know every single solar panel needs silver. Wind turbines is another part of green energy President Biden has in mind which also requires silver due to its longevity as an electronic conductor.

Indeed Biden's green energy agenda will be full speed ahead without facing any obstacles, since the Democrats also control the house and the senate.

Having said all this, let's sum it up which brings us back full circle to this article's headline.

The country is now run by liberals whose only solution to every crisis is to print and print and print some more money. All investment banks including Goldman Sachs, JPMorgan, Citi Group and Bank of America expect a dramatic jump in inflation in the coming months and years. Add to this, the liberals in Washington who also want to go fully green energy while they have full unobstructed power. The tech industry which is so reliant on silver are about to start reopening their doors as the vaccine begins to do its job, the European Union nations just agreed to put over one trillion dollars into green energy of their own.

All said and done, I would not be the least bit surprised if silver shoots up to above $100 in such a quick fashion that will take the world's breath away.

Opportunities like this don't come around often when a certain asset is about to take off without any resistance. This is your wake up call. Don't say how was I supposed to know a few years down the road when you look back and remember silver was below $30 and you stood by as it exploded like a volcano.