- As part of a $300 billion program to end its energy reliance on Russia, the EU wants to mandate solar panels on all new homes and commercial buildings.
- Residential new buildings alone could create an extra 15 million ounces/year in new silver demand if the plan will be implemented, in addition to new commercial buildings and solar.
- Wheaton is well-positioned to profit from a resulting rise in silver prices. Its cost of revenue is stable while silver, as well as gold prices, are set to rise.
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Wheaton Precious Metals: Bullish Silver Outlook As EU Is Mandating Solar Panels On All New Homes