Silicone will not stand up. There is a 2 part epoxy for fuel tanks in the parts houses like pep boys, etc. A must for the trail rig kit, stays good for a few years in high heat or freezing cold in the package. Fixed a buddies yota with some about 4 years ago and still holding.
Funny thing 'bout welding on fuel tanks, guess what I did today at work. On 12,000 gallon bullet proof set up X 3. Have to finish Monday.
If you opt to weld it, ye ol trick is: give Leroy back his half tank of fuel so its empty. Then wash with dawn dish soap and water, about 2 gallons of water in that size tank and about 1 cup of soap. Shake until your arms go rubber, then pour it out. Next get everything in place to weld and off you go to the grocery store for dry ice. Drop in the tank and wait. The dry ice will go from solid to gas state and expel the oxygen out. No oxygen= no boomy. While the dry ice is working after you have seen the "fog" coming out for a minute or so, then you can fire up Leroy's arc welder (or your mig/ tig/ brazing torch). Keep the tank open, no lid or fuel cap- it has to breathe out the nitrogen and push out the oxygen. 3-4 lbs will way over do your lil tank for some time to let you weld it up.
Plastic tanks can be welded in same manner, with a good plastic welder.
It's always fun watching someone the first time the get to be the helper when ya strike that first arc while they stand next to you doing it. Of coarse it helps to have someone else smack the tank on the side w/ a small sledge as you start for full effect...poor rookies.